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https://www.cnbc.com/2007/01/10/a-true-commodities-believer.html
A True Commodities Believer
A True Commodities Believer Are you still a believer in the secular commodities boom? Our guest host this morning, Greg Smith from Fat Prophets thinks we will see many commodities make new highs this year. It was a good day to exercise that viewpoint, given the turbulence for investors in gold, copper or oil in recent ...
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https://www.cnbc.com/2007/01/10/apples-and-oranges-universal-access-to-digital-content.html
Apples and Oranges: Universal Access to digital content
Apples and Oranges: Universal Access to digital content At CES this week, Microsoft founder Bill Gates called it connected entertainment. Tuesday at Macworld, Steve Jobs called it Apple TV. At best, both allow universal access to every piece of digital content on a PC. At worst, it’s another complex device consumers d...
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https://www.cnbc.com/2007/01/10/apples-iphone-the-must-have-item-of-2007.html
Shares of Applehit an all-time high today, and they’re rising rapidly, up 13% in less than 48 hours. This all comes on the heels of CEO Steve Jobs’ decision to lift the veil on Apple’s hotly anticipated iPhone yesterday at MacWorld in San Francisco. But can lightning really strike twice? On today’s "Power Lunch," CNBC'...
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https://www.cnbc.com/2007/01/10/at-what-price-iphone-the-mercedes-of-handhelds.html
At What Price?: iPhone, the Mercedes of Handhelds
At What Price?: iPhone, the Mercedes of Handhelds Dr. Buorn Lomborg, director of the Copenhagen Consensus Center testifies on global warming evidence along with former Vice President Al Gore. The two shake hands prior to the beginning of the testimony as Tipper Gore looks on..Christy Bowe Think of this week as a kind o...
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https://www.cnbc.com/2007/01/10/aviva-says-richard-harvey-to-step-down-as-chief-executive-in-july.html
Aviva Says Richard Harvey to Step Down as Chief Executive in July
Aviva Says Richard Harvey to Step Down as Chief Executive in July Aviva, Britain's largest insurer, said Wednesday Richard Harvey will step down as chief executive in July. Andrew Moss, Aviva's group finance director, will succeed Harvey following his retirement on July 11, the company said. Harvey, 56, led the demutua...
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https://www.cnbc.com/2007/01/10/banesto-2006-profit-more-than-doubles.html
Banesto: 2006 Profit More Than Doubles
Banesto: 2006 Profit More Than Doubles Spain's Banco Espanol de Credito, or Banesto, said Wednesday it more than doubled full-year profit in 2006 after selling its controlling stake in domestic real-estate company Urbis. Madrid-based Banesto said net income rose to 1.45 billion euros ($1.89 billion) in the 12 months th...
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https://www.cnbc.com/2007/01/10/britains-experian-says-third-quarter-sales-rose.html
Britain's Experian Says Third Quarter Sales Rose
Britain's Experian Says Third Quarter Sales Rose Experian Group, the business and consumer credit company spun out of GUS last year, said Wednesday that sales from continuing operations rose 20% in the third quarter. On a constant exchange rate basis, sales rose 16%, the company said. "There was particularly strong org...
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https://www.cnbc.com/2007/01/10/bush-lifts-oil-and-gas-drilling-ban-for-alaska-bay.html
Bush Lifts Oil and Gas Drilling Ban for Alaska Bay
Bush Lifts Oil and Gas Drilling Ban for Alaska Bay President George W. Bush lifted a ban on oil and gas drilling in Alaska's Bristol Bay, an area known for its endangered whales and the world's largest run of sockeye salmon. The action clears the way for the Interior Department to open 5.6 million acres of the fish-ric...
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https://www.cnbc.com/2007/01/10/canwest-partners-with-goldman-sachs-to-buy-alliance-atlantis.html
CanWest Partners With Goldman Sachs to Buy Alliance Atlantis
CanWest Partners With Goldman Sachs to Buy Alliance Atlantis Canadian media company CanWest Global Communications has partnered with Goldman Sachs to acquire Alliance Atlantis Communications for approximately 2.3 billion Canadian dollars (US$1.95 billion). The companies said Wednesday they have reached a "definitive ag...
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https://www.cnbc.com/2007/01/10/dollar-gains-as-us-trade-gap-shrinks.html
Dollar Gains As U.S. Trade Gap Shrinks
Dollar Gains As U.S. Trade Gap Shrinks The dollar gained broadly on Wednesday as news that the U.S. trade gap narrowed for the third month in a row in November made a rate cut by the Federal Reserve seem even less likely in the first months of 2007. The dollar was already enjoying its fifth rally in six trading days ag...
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https://www.cnbc.com/2007/01/10/ebay-buys-stubhub.html
eBay Buys StubHub
eBay Buys StubHub Earlier this afternoon, I reported that eBay was close to buying StubHub. This deal has been rumored for a long time as it would really add to eBay's ticket business. Tonight, eBay confirmed the deal for $310 million. The deal is expected to close in the first quarter of 2007. StubHub did more than $...
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https://www.cnbc.com/2007/01/10/ebay-to-buy-stubhub-for-310-million.html
eBay to Buy StubHub for $310 Million
eBay to Buy StubHub for $310 Million eBay has confirmed that it will acquire secondary ticket retailer StubHub for approximately $310 million, inclusive of the company's net cash as of the closing.  The final amount will be determined at closing based on a formula and be payable in cash. eBay's plans to acquire StubHub...
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https://www.cnbc.com/2007/01/10/ebay-ups-protection-for-buyers-using-paypal-cancels-protection-for-others.html
eBay Ups Protection For Buyers Using PayPal, Cancels Protection For Others
eBay Ups Protection For Buyers Using PayPal, Cancels Protection For Others Web auction company eBay and PayPal said they expanded their buyer protection program and will now give buyers up to $2,000 of coverage for qualified transactions on eBay.com. The PayPal buyer protection program covers qualified transactions on...
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https://www.cnbc.com/2007/01/10/eu-to-put-climate-change-at-heart-of-energy-policy.html
EU to Put Climate Change at Heart of Energy Policy
EU to Put Climate Change at Heart of Energy Policy The European Union will put climate change at the heart of a broad new energy policy on Wednesday as it moves to boost renewable fuels, cut consumption and curb its dependence on foreign suppliers of oil and gas. With oil imports hit by the latest energy dispute involv...
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https://www.cnbc.com/2007/01/10/feds-moskow-says-rate-hikes-could-still-be-needed.html
Fed's Moskow Says Rate Hikes Could Still Be Needed
Fed's Moskow Says Rate Hikes Could Still Be Needed Chicago Federal Reserve President Michael Moskow said additional rate increases could still be needed to tamp down inflation. Answering questions from reporters after a speech, Moskow said not to read anything into the absence of a policy comment fom his speech, after ...
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https://www.cnbc.com/2007/01/10/investigator-faces-federal-charges-in-hp-spy-probe.html
Investigator Faces Federal Charges in HP Spy Probe
Investigator Faces Federal Charges in HP Spy Probe A private investigator accused of posing as a journalist to access the reporter's private phone records as part of the boardroom spying scandal at Hewlett-Packard was charged with federal identity theft and conspiracy charges, prosecutors said. Bryan Wagner is accused ...
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https://www.cnbc.com/2007/01/10/kodak-to-sell-healthgroup-imaging-unit-for-up-to-255-billion.html
Kodak to Sell Health-Group Imaging Unit for Up to $2.55 Billion
Kodak to Sell Health-Group Imaging Unit for Up to $2.55 Billion Eastman Kodak said it will sell its health group imaging business to Onex Healthcare Holdings, a subsidiary of Canadian investment company Onex, for up to $2.55 billion. The sale comes as the iconic photographic products company has been scrambling to gene...
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https://www.cnbc.com/2007/01/10/micron-settles-classaction-lawsuit-alleging-price-fixing.html
Micron Settles Class-Action Lawsuit Alleging Price Fixing
Micron Settles Class-Action Lawsuit Alleging Price Fixing Computer chip maker Micron Technology has settled a class-action lawsuit alleging it engaged in price fixing and violated antitrust laws, a move that is expected to reduce its 2007 first-quarter earnings by as much as $80 million.Micron posted first-quarter net...
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https://www.cnbc.com/2007/01/10/mortgage-applications-soared-last-week-as-interest-rates-fell.html
Mortgage Applications Soared Last Week As Interest Rates Fell
Mortgage Applications Soared Last Week As Interest Rates Fell U.S. mortgage applications skyrocketed during the first week of 2007 as interest rates fell for the first time in five weeks, lending support to the view that the housing market is stabilizing, an industry trade group said. The Mortgage Bankers Association s...
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https://www.cnbc.com/2007/01/10/playstation-3-likely-missed-shipping-target.html
PlayStation 3 Likely Missed Shipping Target
PlayStation 3 Likely Missed Shipping Target Sony's long-awaited PlayStation 3 may have missed its global shipment target and been beaten in its home market by rival Nintendo's surprise hit Wii video game system, new figures show. The results herald more bad news for Sony , which is struggling to maintain its dominance ...
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https://www.cnbc.com/2007/01/10/sears-sees-rise-in-fourth-quarter-profits-despite-trading-losses.html
Sears Sees Rise in Fourth Quarter Profits Despite Trading Losses
Sears Sees Rise in Fourth Quarter Profits Despite Trading Losses Sears Holdings forecast a rise in fourth-quarter earnings and its cash position, despite losses tied to derivatives trading. Sears, whose chairman is hedge fund manager Edward Lampert, said its fourth-quarter forecast includes losses related to derivativ...
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https://www.cnbc.com/2007/01/10/update-investors-shouldnt-touch-venezuela.html
What do the analysts say about the recent moves by Venezuelan President Hugo Chavez to nationalize much of his nation's economy? We're updating our prior post with two guests from "Power Lunch." Thierry (pronounced Terry) Wizman is Global Emerging Markets Strategist for Bear Sterns. Peter DeShazo is Director of America...
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https://www.cnbc.com/2007/01/10/vodafone-to-bid-for-indian-phone-company.html
Vodafone to Bid for Indian Phone Company
Vodafone to Bid for Indian Phone Company Vodafone's chief executive said Wednesday that his company will soon make a firm bid for Hong Kong-based Hutchison Whampoa's controlling stake in a leading Indian mobile phone company. Vodafone CEO Arun Sarin, who is in New Delhi to meet with government officials to discuss the ...
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https://www.cnbc.com/2007/01/10/warner-bros-introduces-total-hd.html
Warner Bros Introduces Total HD
Warner Bros Introduces Total HD CNBC.com Warner Bros just unveiled its new Total HD format - works on either Blu-Ray or HD DVD player - guaranteeing that Warner is one company that can't lose in this format war. With The Turtles song, "So Happy Together," playing loudly on the speakers, and "One Disc For All" heralded ...
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https://www.cnbc.com/2007/01/11/amdocs-shares-plummet-on-lowered-guidance-for-2007.html
Amdocs Shares Plummet on Lowered Guidance for 2007
Amdocs Shares Plummet on Lowered Guidance for 2007 Shares of Amdocs fell about 10% after the company lowered its revenue outlook for fiscal 2007, adding demand for its products and services was not matching its expectations. The company, which provides billing and customer management software, now expects revenue of a...
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https://www.cnbc.com/2007/01/11/bank-of-england-raises-rates-unexpectedly-ecb-rates-steady.html
Bank of England Raises Rates Unexpectedly; ECB Rates Steady
Bank of England Raises Rates Unexpectedly; ECB Rates Steady The Bank of England raised short-term interest rates to 5.25% from 5% Thursday, surprising the market, while the European Central Bank met expectations and kept rates steady at 3.5% “Money and credit growth is rapid (within the European Union), reflecting low ...
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https://www.cnbc.com/2007/01/11/battle-over-iphone-carries-risks-for-both-apple-and-cisco.html
Battle Over iPhone Carries Risks for Both Apple and Cisco
Battle Over iPhone Carries Risks for Both Apple and Cisco The battle between Apple and Cisco Systems over use of the iPhone name carries risks for both tech giants. Cisco, the world's largest networking equipment maker, sued Apple in San Francisco federal court on Wednesday, claiming that Apple's iPhone violates its ...
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https://www.cnbc.com/2007/01/11/bmw-says-2006-china-car-sales-increased-by-513.html
BMW Says 2006 China Car Sales Increased by 51.3%
BMW Says 2006 China Car Sales Increased by 51.3% German luxury carmaker BMW said Friday it sold 51.3% more cars in mainland China in 2006 compared with a year earlier. Total sales came to 36,357 cars, up from 24,025 in 2005, it said in a statement. Sales of BMW brands rose 49.6% to 35,300 units, with Minis up 145.8% to...
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https://www.cnbc.com/2007/01/11/buying-in-technology-drives-us-stocks-to-higher-close.html
Buying in Technology Drives U.S. Stocks to Higher Close
Buying in Technology Drives U.S. Stocks to Higher Close Buying in technology and financials pushed stocks higher, outweighing declines in the energy sector. The Dow Jones Industrial Average,  the Nasdaq and S&P 500 all finished higher. Investors put fresh money to work in technology as selling in commodities-related st...
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https://www.cnbc.com/2007/01/11/china-sets-yuan-above-hong-kong-dollar-peg.html
China Sets Yuan Above Hong Kong Dollar Peg
China Sets Yuan Above Hong Kong Dollar Peg China's central bank set the yuan's mid-point against the U.S. dollar on Thursday above parity with the Hong Kong dollar's peg to the U.S. dollar for the first time. The People's Bank of China set the day's yuan mid-point at 7.7977 to the U.S. dollar, up from Wednesday's close...
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https://www.cnbc.com/2007/01/11/cnbc-home-depot-feud-spotlights-investors-role-in-ceo-pay.html
CNBC: Home Depot Feud Spotlights Investors' Role in CEO Pay
CNBC: Home Depot Feud Spotlights Investors' Role in CEO Pay Home Depot investors' attempt to block the company's former chief executive from collecting any more of his $210 million severance package raises the broader issue of the role shareholders should play in setting executive compensation. It also raises questions...
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https://www.cnbc.com/2007/01/11/cnbcs-rovell-beckhams-move-to-la-a-big-boost-for-us-soccer.html
CNBC's Rovell: Beckham's Move to L.A. A Big Boost for U.S. Soccer
CNBC's Rovell: Beckham's Move to L.A. A Big Boost for U.S. Soccer David Beckham agreed to a five-year deal with the Los Angeles Galaxy, which CNBC sports business reporter Darren Rovell called "the biggest thing that has ever come to Major League Soccer." Beckham, the former English captain who also starred for Manches...
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https://www.cnbc.com/2007/01/11/dell-to-divide-commercial-business-group.html
Dell to Divide Commercial Business Group
Dell to Divide Commercial Business Group Dell said on Wednesday that the head of its commercial business group would retire in March and the No. 2 PC maker plans to split that unit into two as it streamlines its business. Joe Marengi, 51, will retire at the end of March and the business unit he runs -- comprised of sto...
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https://www.cnbc.com/2007/01/11/equity-office-properties-may-attract-several-rival-bidders.html
Equity Office Properties May Attract Several Rival Bidders
Equity Office Properties May Attract Several Rival Bidders Speculation heated up about whether a bidding war was in the works for Equity Office Properties Trust , which agreed in November to be acquired by Blackstone Group for $48.50 a share in cash. While investment groups including Cerberus Capital Management, Starwo...
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https://www.cnbc.com/2007/01/11/euronext-regulator-committee-approves-nyse-merger.html
Euronext Regulator Committee Approves NYSE Merger
Euronext Regulator Committee Approves NYSE Merger European regulators said on Thursday they had approved proposals for pan-European bourse operator Euronext to merge with the New York Stock Exchange to form the first transatlantic bourse. "This approval was based on the documentation made available during the assessme...
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https://www.cnbc.com/2007/01/11/german-economy-grew-25-in-2006.html
German Economy Grew 2.5% in 2006
German Economy Grew 2.5% in 2006 German gross domestic product grew 2.5% in 2006, a significant improvement over the previous year, the Federal Statistics Office reported Thursday. The growth is in line with predictions from the International Monetary Fund, which said in December Germany is enjoying a "brisk cyclical r...
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https://www.cnbc.com/2007/01/11/german-retailer-metro-says-fullyear-sales-rose-75.html
German Retailer Metro Says Full-Year Sales Rose 7.5 %
German Retailer Metro Says Full-Year Sales Rose 7.5 % German retailer Metro AG said Thursday full-year sales rose 7.5% as recently acquired stores contributed for the first time. The Duesseldorf-based company said total revenue for the year should total 60 billion euros ($77.93 billion), up from 55.7 billion euros in 2...
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https://www.cnbc.com/2007/01/11/gm-will-boost-capital-spending-to-revitalize-product-line.html
GM Will Boost Capital Spending to Revitalize Product Line
GM Will Boost Capital Spending to Revitalize Product Line General Motors, facing stiff competition from Toyota and other foreign rivals, said Thursday it plans to boost capital spending by as much as $1 billion a year as it attempts to revitalize its product line while drastically cutting costs. GM Chairman and Chief E...
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https://www.cnbc.com/2007/01/11/nintendo-wii-tops-sonys-playstation-3-in-december.html
Nintendo Wii Tops Sony's PlayStation 3 in December
Nintendo Wii Tops Sony's PlayStation 3 in December Nintendo sold 604,200 of its new Wii video game consoles in the U.S. in December, beating Sony, which sold 490,700 units of its new PlayStation 3, according to retail market research firm NPD. Microsoft sold 1.1 million Xbox 360 video game consoles to consumers in Dece...
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https://www.cnbc.com/2007/01/11/nokia-says-iphone-quite-interesting-report.html
Nokia Says iPhone "Quite Interesting": Report
Nokia Says iPhone "Quite Interesting": Report Apple's iPhone is an interesting product, but its sales goal is not very high, Anssi Vanjoki, the head of the multimedia unit at Nokia was quoted as saying on Thursday. Apple unveiled its much-anticipated take on the smart phone on Tuesday, presenting a sleek device with a...
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https://www.cnbc.com/2007/01/11/opec-to-consider-emergency-meeting-on-oil-prices-wsj.html
OPEC to Consider Emergency Meeting on Oil Prices: WSJ
OPEC to Consider Emergency Meeting on Oil Prices: WSJ OPEC ministers will consider the need for an emergency meeting in response to the recent plunge in oil prices, a report said Thursday. The oil-producing cartel did not indicate whether it will mull more cuts in addition to the 1.7 million barrels a day it has alread...
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https://www.cnbc.com/2007/01/11/paramount-scoop.html
Paramount Scoop
Paramount Scoop UPDATE: Gail Berman met with Fox Executives on Thursday – presumably about coming back to Fox in some capacity. Here's the scoop on Viacom's Paramount--its new streamlined structure may be the change it needs. So, President of Paramount Pictures, Gail Berman, "resigned"... and Co-President of Productio...
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https://www.cnbc.com/2007/01/11/philly-fed-revises-december-factory-activity-index-upward.html
Philly Fed Revises December Factory Activity Index Upward
Philly Fed Revises December Factory Activity Index Upward Factory activity in the U.S. Mid-Atlantic region was slightly greater in December than originally reported, the Philadelphia Federal Reserve Bank said. Annual revisions to the Fed's factory activity index showed the index in December was -2.3, compared with an o...
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https://www.cnbc.com/2007/01/11/russia-resumes-pumping-oil-to-europe.html
Russia Resumes Pumping Oil to Europe
Russia Resumes Pumping Oil to Europe Russia on Thursday resumed pumping oil to Europe via Belarus, ending a three-day suspension of supplies, the Russian state pipeline operator said. "Russian oil is flowing through the Druzhba pipeline to Europe," OAO Transneft Vice President Sergei Grigoriyev told The Associated Pres...
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https://www.cnbc.com/2007/01/11/russian-billionaire-detained-on-suspected-link-to-prostitution-ring.html
Russian Billionaire Detained on Suspected Link to Prostitution Ring
Russian Billionaire Detained on Suspected Link to Prostitution Ring A Russian billionaire was detained in France for questioning as part of a crackdown on a suspected prostitution ring at an upscale ski resort, a prosecutor said this morning. Mikhail Prokhorov, chief executive of Russian mining giant OAO Norilsk Nickel...
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https://www.cnbc.com/2007/01/12/airlines-start-to-raise-domestic-fares-by-up-to-5-each-way.html
Airlines Start to Raise Domestic Fares by Up to $5 Each Way
Airlines Start to Raise Domestic Fares by Up to $5 Each Way U.S. airlines, including American Airlines and United Airlines, said they raised domestic air fares by as much as $5, in the first effort at a broad price rise this year. Higher air fares, along with cost-cutting and resurgent demand, helped the long-suffering...
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https://www.cnbc.com/2007/01/12/airport-operator-fraport-reports-increased-passenger-numbers-for-2006.html
Airport Operator Fraport Reports Increased Passenger Numbers For 2006
Airport Operator Fraport Reports Increased Passenger Numbers For 2006 Airport operator Fraport AG said Friday that the number of passengers using its six facilities in December and for all of 2006 increased because of flights to southern Europe and Asia. All six airports reported a combined total of 73.8 million passen...
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https://www.cnbc.com/2007/01/12/amd-shares-drop-10-on-profit-warning-sales-shortfall.html
AMD Shares Drop 10% On Profit Warning, Sales Shortfall
AMD Shares Drop 10% On Profit Warning, Sales Shortfall Shares of Advanced Micro Devices plunged after the world's second-largest microprocessor maker said that low chip prices - spurred by a price war with rival Intel - would hurt fourth-quarter results. "This has been a bruising year for AMD, which can't seem to catch...
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https://www.cnbc.com/2007/01/12/apples-stock-down-on-reported-probe-into-ceo-jobs-option-grants.html
Apple's Stock Down on Reported Probe into CEO Jobs' Option Grants
Apple's Stock Down on Reported Probe into CEO Jobs' Option Grants Shares of Apple fell on Friday after investors learned that federal authorities are investigating a backdated stock option grant to Apple CEO Steve Jobs that had a false October 2001 date. "Until the company and Jobs gets a clean bill of health from the ...
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https://www.cnbc.com/2007/01/12/cablevision-to-study-new-30-a-share-bid-from-dolan-family.html
Cablevision to Study New $30 a Share Bid From Dolan Family
Cablevision to Study New $30 a Share Bid From Dolan Family The controlling shareholders of Cablevision Systems, the Dolan family, raised their bid today to take the company private to $8.9 billion and said it was their final offer. Cablevision said it will study the new proposal. The offer of $30 a share is an increase...
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https://www.cnbc.com/2007/01/12/cathay-pacific-plans-to-expand-fleet.html
Cathay Pacific Plans to Expand Fleet
Cathay Pacific Plans to Expand Fleet Hong Kong's dominant airline Cathay Pacific Airways said it is planning an annual capital expenditure of between HK$9.5 billion (US$1.2 billion) to HK$10 billion (US$1.28 billion) from now to 2009, on fleet expansion. Cathay Pacific plans to spend at least HK$9.5 billion each year i...
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https://www.cnbc.com/2007/01/12/corn-futures-soar-on-crop-report-also-boosting-wheat.html
Corn Futures Soar on Crop Report, Also Boosting Wheat
Corn Futures Soar on Crop Report, Also Boosting Wheat Corn and wheat futures soared on Friday after the government reported reduced projections for the corn crop. Corn futures at the Chicago Board of Trade surged over 5% to a fresh 10-year high, locking up the daily 20 cents per bushel trading limit on a bullish crop r...
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https://www.cnbc.com/2007/01/12/december-retail-sales-rose-09-topping-expectations.html
December Retail Sales Rose 0.9%, Topping Expectations
December Retail Sales Rose 0.9%, Topping Expectations U.S. retail sales accelerated by a larger-than-expected 0.9% in December and they were even stronger than anticipated when autos were stripped out, a Commerce Department report showed, pointing to a healthy consumer appetite. Several other economic indicators also c...
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https://www.cnbc.com/2007/01/12/deutsche-cuts-2007-copper-forecast-ups-others.html
Deutsche Cuts 2007 Copper Forecast, Ups Others
Deutsche Cuts 2007 Copper Forecast, Ups Others Deutsche Bank on Friday raised its price forecasts for most base metals for this year and next year, but cut its prediction for copper in 2007 by 10%. The most significant revisions came in cash nickel for 2008 which was increased by 110% to $31,002 a tonne from its previo...
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https://www.cnbc.com/2007/01/12/emi-warns-on-profits-music-boss-goes.html
EMI Warns on Profits, Music Boss Goes
EMI Warns on Profits, Music Boss Goes Britain's EMI Group said on Friday annual profits would fall short of expectations due to a weak Christmas at its music business, and announced the departure of the division's head and a plan to slash costs. "EMI Music's second-half performance to date, in terms of revenues and pro...
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https://www.cnbc.com/2007/01/12/eu-says-counterfeiting-a-minor-problem-in-nations-using-the-euro.html
EU Says Counterfeiting a Minor Problem in Nations Using The Euro
EU Says Counterfeiting a Minor Problem in Nations Using The Euro Counterfeiting of euro banknotes and coins remains a minor problem in the 13 European Union nations using the currency, officials said Friday. In all, 565,000 counterfeit banknotes had to be withdrawn from circulation in 2006, a tiny amount compared to th...
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https://www.cnbc.com/2007/01/12/ford-ceo-says-restructuring-is-ahead-of-schedule.html
Ford CEO Says Restructuring Is Ahead of Schedule
Ford CEO Says Restructuring Is Ahead of Schedule Ford Motor , the struggling No. 2 U.S. automaker, is moving ahead of its own schedule for reducing costs, including plant closures and job cuts, the automaker's chief executive said today. "I would characterize that we are ahead of schedule on the restructuring," Ford Ch...
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https://www.cnbc.com/2007/01/12/goldman-sachs-investment-bank-or-big-hedge-fund.html
Goldman Sachs is the world’s largest – and most successful – investment bank. But it has seen a growing reliance on income generated from trading in recent years as the market has moved ever upward. Some Wall Street analysts are saying this makes the firm actually more like a hedge fund, and therefore more vulnerable t...
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https://www.cnbc.com/2007/01/12/holiday-sales-rose-44-weaker-than-forecast-us-retail-group.html
Holiday Sales Rose 4.4%, Weaker Than Forecast: U.S. Retail Group
Holiday Sales Rose 4.4%, Weaker Than Forecast: U.S. Retail Group Holiday sales came in weaker-than-expected, as unseasonably warm weather and a softer housing market dampened shoppers' spending. The National Retail Federation said that total holiday spending rose 4.4% from last year, below its initial forecast of 5% gr...
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https://www.cnbc.com/2007/01/12/house-passes-medicare-bill-president-bush-repeats-veto-threat.html
House Passes Medicare Bill, President Bush Repeats Veto Threat
House Passes Medicare Bill, President Bush Repeats Veto Threat President Bush renewed his veto threat today as the House of Representatives passed legislation that would require the government to negotiate drug prices for Medicare patients. The bill, the latest in the "first 100-hours" agenda that helped Democrats win ...
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https://www.cnbc.com/2007/01/12/hyundai-motor-union-votes-to-go-on-strike-over-bonus-dispute.html
Hyundai Motor Union Votes to Go on Strike Over Bonus Dispute
Hyundai Motor Union Votes to Go on Strike Over Bonus Dispute Hyundai Motor's labor union voted Friday to go on strike over a dispute with management over the size of an annual bonus, the head of the union said. Union chief Park Yoo Ki said that 400 representatives of the company's 44,000-strong union voted unanimously ...
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https://www.cnbc.com/2007/01/12/indias-growing-allure-for-private-equity.html
Private equity is once again looking to make a deal in India. Today, it's for a 33% stake in Hutchison Essar. (“Hatch” as it’s called was one of the first cell phone companies in Mumbai.) This deal is just the latest in the money scramble to get in, on one of the world's fastest growing economies. On today’s “Power Lun...
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https://www.cnbc.com/2007/01/12/investigator-in-hp-probe-to-plead-guilty.html
Investigator in H-P Probe to Plead Guilty
Investigator in H-P Probe to Plead Guilty Federal prosecutors are poised to score their first victory in their investigation of Hewlett-Packard's ill-fated boardroom spying probe, after a private investigator agreed to plead guilty to identity theft and conspiracy charges. Bryan Wagner, 29, of Littleton, Colo., will en...
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https://www.cnbc.com/2007/01/12/judge-grants-classaction-in-costco-discrimination-case.html
Judge Grants Class-Action in Costco Discrimination Case
Judge Grants Class-Action in Costco Discrimination Case A federal judge has granted class-action status to a lawsuit accusing Costco Wholesale of denying promotions to women. Under the order from U.S. District Judge Marilyn Hall Patel, the class will include women who have been denied promotions to certain senior staf...
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https://www.cnbc.com/2007/01/12/late-oil-rally-snaps-fourday-losing-streak.html
Late Oil Rally Snaps Four-Day Losing Streak
Late Oil Rally Snaps Four-Day Losing Streak U.S. crude oil futures ended sharply higher on Friday, rising for the first time in a week as traders covered short positions ahead of a long holiday weekend. The rebound put a breather on the crude oil market which on Thursday had suffered a 15% loss since the start of the y...
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https://www.cnbc.com/2007/01/12/lukoil-says-thirdquarter-net-profit-rose-10-on-high-prices.html
Lukoil Says Third-quarter Net Profit Rose 10% on High Prices
Lukoil Says Third-quarter Net Profit Rose 10% on High Prices Russia's biggest oil producer Lukoil said Friday that its third-quarter net profits grew by 10% in 2006 thanks to high oil prices, rising production volumes and cost-cutting. The earnings of $2.43 billion (1.87 billion euros) beat an average forecast of $2.34...
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https://www.cnbc.com/2007/01/12/samsung-electronics-fourthquarter-profit-falls-8.html
Samsung Electronics' Fourth-Quarter Profit Falls 8%
Samsung Electronics' Fourth-Quarter Profit Falls 8% Samsung Electronics reported an 8.5% drop in its quarterly net profit Friday, hurt by lackluster shipments of flash memory chips and falling prices of flat screens. Samsung earned 2.35 trillion won (US$2.50 billion) in net profit for the quarter ended Dec. 31, compare...
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https://www.cnbc.com/2007/01/12/sap-shares-fall-10-on-weak-fourth-quarter-guidance.html
SAP Shares Fall 10% on Weak Fourth Quarter Guidance
SAP Shares Fall 10% on Weak Fourth Quarter Guidance Software giant SAP missed market expectations and its own forecast for fourth-quarter license sales, as growth slowed in the United States, knocking its shares down more than 10%. Fourth-quarter license sales -- which are key to future service and maintenance revenue ...
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https://www.cnbc.com/2007/01/12/walmart-chooses-ad-firms.html
Wal-Mart Chooses Ad Firms
Wal-Mart Chooses Ad Firms Wal-Mart Stores, the world's largest retailer, has selected agencies from Interpublic Group and France's Publicis for its advertising work. Wal-Mart put its estimated $580 million advertising account up for review in December, just days after the departure of a key marketing executive. Interpu...
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https://www.cnbc.com/2007/01/12/wheres-the-real-news-on-apple.html
Where's The "Real" News On Apple?
Where's The "Real" News On Apple? CNBC.com Friday morning, and we're waking up once again to a flurry of headlines surrounding the ongoing Apple Inc. stock options backdating controversy--the scandal that just won't go away. Dueling stories over the last 48 hours from the Wall Street Journal and the Washington Post, br...
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https://www.cnbc.com/2007/01/14/asian-leaders-talk-energy-regional-security-at-summit.html
Asian Leaders Talk Energy, Regional Security at Summit
Asian Leaders Talk Energy, Regional Security at Summit Leaders from Southeast Asia, Australia, New Zealand, India, Japan, China and South Korea met Monday to sign an agreement to help reduce their dependence on conventional fuels and seek new energy sources.The East Asia conclave comes two days after the ten-member Ass...
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https://www.cnbc.com/2007/01/14/chavez-says-he-hopes-for-better-ties-with-us.html
Chavez Says He Hopes for Better Ties With U.S.
Chavez Says He Hopes for Better Ties With U.S. Venezuelan President Hugo Chavez said Saturday that he personally told a U.S. diplomat that he hopes relations with Washington will improve. Chavez made the comment before meeting with Iranian President Mahmoud Ahmadinejad, a bitter U.S. opponent. Chavez said he ran into T...
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https://www.cnbc.com/2007/01/14/cocacola-trade-secrets-trial-starts-this-week.html
Coca-Cola Trade Secrets Trial Starts This Week
Coca-Cola Trade Secrets Trial Starts This Week Prosecutors say a former Coca-Cola secretary took confidential documents from the beverage giant and samples of products that hadn't been launched with the aim of selling them to rival Pepsi. Her lawyer says she was duped by two ex-cons and didn't commit a crime. A jury wi...
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https://www.cnbc.com/2007/01/14/japan-november-machinery-orders-top-forecasts.html
Japan November Machinery Orders Top Forecasts
Japan November Machinery Orders Top Forecasts Machinery orders at Japanese firms rose more than expected in November from October, signaling firm capital spending and reinforcing market expectations that the Bank of Japan could raise rates this week. But the central bank, in weighing an interest rate hike at a two-day ...
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https://www.cnbc.com/2007/01/15/aol-offers-900-million-for-swedish-tradedoubler.html
AOL Offers $900 Million for Swedish TradeDoubler
AOL Offers $900 Million for Swedish TradeDoubler AOL, the Internet division of Time Warner , said on Monday it was to buy Swedish online marketing group TradeDoubler for around $900 million as it seeks to expand its Internet advertising business. AOL said it had offered 215 crowns a share for the Swedish company, which...
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https://www.cnbc.com/2007/01/15/arris-bids-12-billion-for-norways-tandberg-tv.html
Arris Bids $1.2 Billion For Norway's Tandberg TV
Arris Bids $1.2 Billion For Norway's Tandberg TV U.S. communications technology firm Arrison Monday bid $1.2 billion in cash and shares to acquire Norwegian digital broadcast systems maker Tandberg Television, the two companies said. Tandberg TV recommended shareholders accept the bid to form a company which would seek...
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https://www.cnbc.com/2007/01/15/british-airways-faces-cabin-crew-strike.html
British Airways Faces Cabin Crew Strike
British Airways Faces Cabin Crew Strike British Airways faced fresh labour unrest on Monday as 96% of cabin crew at one of its main unions voted in favour of strike action over proposed changes to working conditions and a new pension plan. The Transport & General Workers' Union said over 8,000 cabin crew had voted to s...
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https://www.cnbc.com/2007/01/15/bulgarias-december-consumer-prices-up-12-on-month.html
Bulgaria's December Consumer Prices up 1.2% on Month
Bulgaria's December Consumer Prices up 1.2% on Month Bulgaria's consumer prices rose by 1.2% in December from a month earlier, the government reported Monday. Prices at the end of 2006 were 6.5% up compared with December 2005, the National Statistics Institute said in a statement. Food prices increased by 2.5% in Decem...
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https://www.cnbc.com/2007/01/15/disney-paid-iger-22-million-in-2006.html
Disney Paid Iger $22 Million in 2006
Disney Paid Iger $22 Million in 2006 Robert Iger, president and chief executive of Walt Disney , received $22 million in compensation last year, not including stock option grants, according to the company's annual proxy statement filed Friday. Iger received a $2 million salary, a $15 million cash bonus and $660,935 for...
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https://www.cnbc.com/2007/01/15/energy-ma-push-europe-to-sixyear-highs-asia-also-higher.html
Energy, M&A Push Europe to Six-Year Highs; Asia Also Higher
Energy, M&A Push Europe to Six-Year Highs; Asia Also Higher A host of mergers and steady oil prices helped European stocks hit new six-year highs Monday. Asian markets also finished in the green, while U.S. markets are closed for the Martin Luther King, Jr. holiday. London's FTSE-100, the Frankfurt DAX and the Paris CA...
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https://www.cnbc.com/2007/01/15/eu-expects-to-close-free-trade-deal-with-gulf-nations-in-the-near-future.html
EU Expects to Close Free Trade Deal with Gulf Nations "In the Near Future"
EU Expects to Close Free Trade Deal with Gulf Nations "In the Near Future" The European Union said Monday it expects to complete a free trade agreement with Gulf nations "in the near future" after making progress at talks last week. The 27-nation EU is the largest trade partner for the Gulf Cooperation Council, a polit...
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https://www.cnbc.com/2007/01/15/hyundai-motor-union-workers-begin-partial-strike.html
Hyundai Motor Union Workers Begin Partial Strike
Hyundai Motor Union Workers Begin Partial Strike Unionized workers at Hyundai Motor began a promised partial strike Monday amid a dispute with management over bonuses, a union official said. The walkout, which was approved last week by union representatives, began as scheduled Monday afternoon, said Jung Jun Yung, the ...
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https://www.cnbc.com/2007/01/15/ms-aims-to-become-carbonneutral-by-12.html
M&S Aims to Become Carbon-Neutral by '12
M&S Aims to Become Carbon-Neutral by '12 Marks & Spencer, Britain's largest clothing retailer, said Monday it will begin a 200 million pound ($391.9 million) plan designed to make the business more environmentally friendly. The 100-point "Plan A," as the program is known, seeks to make M&S carbon-neutral by 2012, the c...
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https://www.cnbc.com/2007/01/15/oil-rises-above-53-eye-on-opec.html
Oil Rises Above $53, Eye on OPEC
Oil Rises Above $53, Eye on OPEC Oil rose above $53 a barrel on Monday, recovering further from a 19-month low last week as some investors bet exporter group OPEC may lower supply further to bolster prices. The Organization of the Petroleum Exporting Countries is holding talks on whether to hold an emergency meeting to...
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https://www.cnbc.com/2007/01/16/bank-of-america-lobbies-to-end-deposit-cap-wsj.html
Bank of America Lobbies to End Deposit Cap: WSJ
Bank of America Lobbies to End Deposit Cap: WSJ Bank of America wants U.S. regulators to raise the limit that prevents U.S. banks from making acquisitions that would give any one bank more than 10% of total national deposits, The Wall Street Journal reported Tuesday. The bank argues that that the cap makes U.S. banks a...
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https://www.cnbc.com/2007/01/16/bank-of-japan-likely-to-delay-rate-rise.html
Bank of Japan Likely to Delay Rate Rise
Bank of Japan Likely to Delay Rate Rise The Bank of Japan is likely to keep interest rates on hold this week, although the central bank's policy board has not entirely ruled out a rate rise, according to a report on the Web site of Japan's largest business daily. Echoing a series of Japanese media reports this week, th...
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https://www.cnbc.com/2007/01/16/bp-failed-to-emphasize-safety-baker-panel-says.html
BP Failed To Emphasize Safety, Baker Panel Says
BP Failed To Emphasize Safety, Baker Panel Says An independent panel said BP failed to emphasize safety at its U.S. refineries before a 2005 explosion at a Texas City plant killed 15 workers. BP said it plans to implement the panel's recommendations as part of its continuing effort to strengthen and standardized proces...
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https://www.cnbc.com/2007/01/16/burberry-says-year-on-track-after-strong-thrid-quarter.html
Burberry Says Year on Track After Strong Thrid Quarter
Burberry Says Year on Track After Strong Thrid Quarter British fashion house Burberry Group said it was set to meet full-year forecasts as it reported a 25% rise in underlying third-quarter revenues that beat analysts' expectations. "This outstanding quarter has been led by Burberry's strong retail performance," Chief ...
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https://www.cnbc.com/2007/01/16/can-troop-increase-stabilize-iraqi-oil-industry.html
Street Signs
Street Signs As President Bush prepares to send over 20,000 more U.S. troops to Iraq, one question being asked is--will the escalation jumpstart the country’s oil industry? The question centers on Iraq’s vital oil trade stabilizing in the midst of a bloody war. On “Street Signs,” two guests talked about the Iraq oil si...
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https://www.cnbc.com/2007/01/16/europes-new-car-sales-rise-only-slightly-last-year.html
Europe's New Car Sales Rise Only Slightly Last Year
Europe's New Car Sales Rise Only Slightly Last Year European car sales rose only slightly last year despite economic growth speeding up to the fastest rate since 2000, the manufacturers' association ACEA said Tuesday. Some 15.36 million vehicles left showrooms in 2006, up 0.7% from the previous year, it said, as strong...
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https://www.cnbc.com/2007/01/16/express-scripts-launches-25-billion-offer-for-caremark.html
Express Scripts Launches $25 Billion Offer for Caremark
Express Scripts Launches $25 Billion Offer for Caremark Pharmacy-benefits manager Express Scripts said it was starting a $25 billion exchange offer for all outstanding shares of rival Caremark Rx , despite drugstore operator CVS' bid for the company. CVS said on Nov. 1 it planned to acquire Caremark for about $21.2 bi...
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https://www.cnbc.com/2007/01/16/former-top-vw-executive-goes-on-trial-in-corruption-scandal.html
Former Top VW Executive Goes on Trial in Corruption Scandal
Former Top VW Executive Goes on Trial in Corruption Scandal Volkswagen's former personnel chief, Peter Hartz, goes on trial Wednesday in a corruption case that has shone an unsavory light on the cozy relationship between the company's management and labor representatives. The case against Hartz and others rests on accu...
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https://www.cnbc.com/2007/01/16/freeportmcmoran-fourthquarter-profit-slips.html
Freeport-McMoRan Fourth-Quarter Profit Slips
Freeport-McMoRan Fourth-Quarter Profit Slips Richard Adkerson, CEO, Freeport McMoRan Freeport-McMoRan Copper & Gold, which is buying mining rival Phelps Dodge for $25.9 billion,  Tuesday reported fourth-quarter profit fell as a result of lower copper and gold output. VIDEO0:0000:00Freeport-McMoRan Earnings Net earning...
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https://www.cnbc.com/2007/01/16/ge-forms-partnership-on-greenhouse-gases.html
GE Forms Partnership on Greenhouse Gases
GE Forms Partnership on Greenhouse Gases A unit of General Electric has formed a partnership with power producer AES to develop projects that reduce greenhouse gas emissions in the United States. GE is the parent company of CNBC. GE Energy Financial Services and Arlington, Va.-based AES will try to offset 10 million me...
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https://www.cnbc.com/2007/01/16/ge-to-buy-smiths-aerospace-for-48-billion-joint-venture-planned.html
GE to Buy Smiths Aerospace for $4.8 billion, Joint Venture Planned
GE to Buy Smiths Aerospace for $4.8 billion, Joint Venture Planned U.K. company Smiths Group announced Monday that it is to sell Smiths Aerospace division to General Electric for $4.8 billion in cash and plans to return $2.1 billion to its shareholders. The deal would signal a return for GE, CNBC's parent company, to ...
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https://www.cnbc.com/2007/01/16/netflix-to-start-offering-movies-tv-shows-over-the-web.html
Netflix to Start Offering Movies, TV Shows Over the Web
Netflix to Start Offering Movies, TV Shows Over the Web Netflix will start showing movies and TV episodes over the Internet this week, providing its subscribers with more instant gratification as the DVD-by-mail service prepares for a looming technology shift threatening its survival. VIDEO0:0000:00Netflix to Deliver ...
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https://www.cnbc.com/2007/01/16/new-york-manufacturing-falls-to-lowest-level-since-summer-05.html
New York Manufacturing Falls To Lowest Level Since Summer '05
New York Manufacturing Falls To Lowest Level Since Summer '05 Manufacturing activity in the New York slowed markedly in January, sinking to its lowest level since the summer of 2005, the New York Federal Reserve Bank said. The decline, which brought the Empire State index to 9.1 in January from a revised 22.2 in Decemb...
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https://www.cnbc.com/2007/01/16/premium-brands-cant-stop-european-car-sales-dip.html
Premium Brands Can't Stop European Car Sales Dip
Premium Brands Can't Stop European Car Sales Dip European new car registrations stagnated in December as a sharp rise in German car sales that benefited mainly domestic luxury brands failed to offset weaker demand in other key markets, industry data showed on Tuesday. December registrations edged 0.3% lower to 1.07 mil...
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https://www.cnbc.com/2007/01/16/satellite-radio-in-orbit-over-merger-murmurs.html
Talk of a merger between XM Satellite Radio and Sirius Satellite Radio has been churning for months now. 2006 was far from a stellar year for either satellite network, although both stocks are up 20% YTD – mostly on continued rumors of a merger. But is a merger between the two rivals in the cards? David Bank of RBC Cap...
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https://www.cnbc.com/2007/01/16/symantec-down-sharply-after-earnings-warning-ratings-downgrades.html
Symantec Down Sharply After Earnings Warning, Ratings Downgrades
Symantec Down Sharply After Earnings Warning, Ratings Downgrades Shares of Symantec are continuing a day-long sell off after the software maker warned of disappointing December-quarter results and cut its full-year outlook, blaming weak sales of data center software and higher-than-expected costs. Symantec fell as muc...