William Sorin pleaded guilty in U.S. District Court in Brooklyn to one criminal count of conspiracy to commit securities fraud, mail fraud and wire fraud as part of a plea agreement.
What does it mean if corporate earnings are "even better abroad" than in the U.S.? "A great play for investors," according to Keith Wirtz. The president and CIO of Fifth Third Asset Management offered "Squawk on the Street" viewers his outlook on the market -- and his favorite multinational stock picks.
The stock market may not be returning double-digit gains -- but Mark Jordahl, chief investment officer at First American Funds, and Jack Ablin, chief investment officer at Harris Private Bank, still believe "investors need to be in the market." The CIOs joined "Closing Bell" to explain why.
With the Dow Jones Industrial Average hitting another record, investors are asking: buy or sell? Robert Zagunis, co-portfolio manager at Jensen Investment Management, and Jeff Mortimer, portfolio manager for Schwab Core Equity Funds, gave "Closing Bell" viewers their answer: buy.
On “Closing Bell,” Russell Read, chief investment officer of the $225 billion-dollar California Public Employees Retirement System (Calpers) and Christopher Ailman, chief investment officer at the $163 billion-dollar California State Teachers’ Retirement System (Calsters), joined CNBC’s Maria Bartiromo at the Milken Conference with the big-money view on the Dow’s record run.
How important is the Dow's 13,000 level? Kevin Cronin, chief investment officer at Putnam Investments, and Sam Stovall, chief investment strategist at Standard & Poor's, debated the question on "Closing Bell."
The Dow Jones Industrial Average broke the 13,000 mark for the first time Wednesday. Does this historical high mean investors should fill their portfolios with momentum stocks? Or should they seek higher-quality long-term investments? Lincoln Anderson, chief investment officer at LPL Financial Services, offered his advice to "Squawk on the Street" viewers.
U.S. Trust on Tuesday released the findings of its 2007 Survey of Affluent Americans. This year, those polled had more than $5 million in total investable assets. The survey also included a focus on Americans with more than $25 million in total assets. Paul Napoli, executive vice president of U.S. Trust, appeared on “Squawk on the Street” with more on the study.
Sometimes, a single comment can have deep meaning. Or at the very least, be worthy of a full-blown CNBC alert. General Motors Vice Chairman Bob Lutz managed to capture our attention with a single comment: that the “mortgage industry meltdown” is reducing affordability for auto buyers and negatively impacting April sales. As our Phil LeBeau explained when we threw him on the air to talk about this, such comments aren’t necessarily surprising...
The Internet's ruling triumvirate has a big week: Yahoo! reports quarterly earnings Tuesday, eBay reports on Wednesday and Google on Thursday. What should cyber-stock investors expect? Mark Mahaney, Citigroup's Internet research director, and Scott Kessler, the director of Standard & Poor's information technology research group, gave "Morning Call" their views.
The Nasdaq Stock Market is in talks to buy the Philadelphia Stock Exchange, the Wall Street Journal reports.
The Walt Disney Co. could have to pay up to $33.5 million to rectify improper backdating of stock options that were granted to Pixar employees before Disney bought the company, a regulatory filing states.
Coffee. Fragrant, strong and desirable. Consumption is growing and supply is expected to dwindle in some producer-nations such as Brazil, hurt by dry conditions. The coffee market is big business.
Take-Two Interactive Software said it had received a letter from the U.S. Securities and Exchange Commission saying it was under formal investigation for its stock-options practices.
Consider this the next time you're enjoying your in-flight movie and sipping a complimentary Sauvignon Blanc at 30,000 feet: the fuel powering the engines, keeping your jet at cruising altitude and speeding you onwards to your destination is the single biggest cost airlines must bear.
Small caps have outperformed their larger counterparts for several years now: the S&P SmallCap Index returned 45% in the last three years -- that’s almost double the S&P 500’s 26% gain. Will the run last through 2007?
One share, one vote? Not exactly: the fate of millions of shares and the rights of shareholders may be up for grabs, as the U.S. House Financial Services Committee is considering a bill that would give investors final say over CEO compensation. Two experts debated the wisdom of such a bill, on "Morning Call."
Lewis, who turns 60 next month, realized $77.04 million from the exercise of 4.08 million stock options, and had $14.54 million of stock awards vest, according to the bank's proxy filing with the U.S. Securities and Exchange Commission.
Walt Disney has completed its investigation into stock options grant practices at Pixar Animation, which Disney acquired last year, according to a statement on Friday by Disney board Chairman John Pepper.
Dozens of companies are being investigated for backdating stock options to the days that followed the Sept. 11, 2001, terrorist attacks, and profiting on the back of the equity-market slump that resulted, The Wall Street Journal reported Wednesday.