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- Highest Dividend Yields of the Dow
- Newspaper Ad Revenues Take Even Bigger Fall
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- Putting a Value on a C.E.O.
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- BofA to Cut 10,000 Investment Banking Jobs
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- British Airways Discusses Merger with Qantas
- Cash—Not Gold—Is New Safe Haven for Investors
- Beazer Homes Loss Balloons as Revenue Plunges
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Maria Bartiromo discusses Thursday's top business and financial stories, and looks ahead to tomorrow's events.
(Watch her on-air: CNBC TV's Closing Bell.)
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Topics discussed in video above:
- Jobless claims at 7-year high
- Shares of General Electric [GE
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] (parent company of CNBC) dropped almost 10 percent Thursday, following the sale of shares to investors including Warren Buffett. The drop raised doubts about the commercial paper market.
- Oil prices dropped
- Gold prices also slid as the dollar gained against a basket of currencies.
The Wall Street Journal reported that Eli Lilly [LLY
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] was the "mystery bidder" for ImClone [IMCL
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]. Bristol-Myers Squibb [BMY
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] had raised its own bid for the biotech, with which it partners on cancer treatment Erbitux.
- Friday's earnings reports:
-- Cigna [CI
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-- Family Dollar [FDO
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]
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