After-Hours Buzz: Gap, Pandora, Salesforce.com & More
Shai Ahmed
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Nat Rothschild, Co-founder of Bumi stepped up the bitter battle for control of the Indonesia-focused miner, attacking both the board for its inaction and CEO Nick von Schirnding for "embellishing his CV."
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The French government has denied reports that it's planning to scrap the controversial 75 percent tax rate on high-earners.
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Citigroup needs to continue to clean up its non-core "legacy assets" and focus on operating efficiency, its new CEO Michael Corbat told CNBC at the World Economic Forum in Davos.
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The European economy will continue to stabilize albeit slowly this year as the euro zone crisis looks to be contained, a number of CEOs told CNBC at the World Economic Forum in Davos, Switzerland.
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Peripheral European stocks, in particular Greece, are going to be the source of real value for investors, according to one analyst.
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A spat has broken out between Hungary's Economy Ministry and Roubini Global Economics about who is to blame for the downward spiral of the national currency, the forint, after Roubini's firm Roubini Global Economics(RGE) recommended shorting the currency.
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Failure to raise the debt ceiling within a "timely" manner would see the United States' sovereign ratings put under formal review with "highly uncertain" consequences, rating agency Fitch warned U.S. policymakers Tuesday.
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It should be inconceivable for the United States to default on its debt, Larry Summers told CNBC on Tuesday, stressing that the country's creditworthiness must not be held hostage by budgetary wrangling.
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The S&P 500 will hit 1550 this year after an initial bumpy ride in the first half of the year, Chad Morganlander, Portfolio Manager at Stifel Nicolaus predicted Wednesday.
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Supermarket chain Sainsbury plans to combine cost cuts with expansion in 2013, CFO John Rogers told CNBC Wednesday, with the group determined to lure more cash-strapped consumers to its mid-range supermarkets.