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https://www.cnbc.com/2007/09/19/bonds-fall-on-inflation-worries-stock-strength.html
Bonds Fall on Inflation Worries, Stock Strength
Bonds Fall on Inflation Worries, Stock Strength Long-dated U.S. Treasury bond prices slid Wednesday as investors bet interest rate cuts from the Federal Reserve will stoke inflation despite signs that price increases actually moderated last month. The Fed slashed the benchmark federal funds rate by a half percentage po...
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https://www.cnbc.com/2007/09/19/brighter-mood-spurs-basf-scheringplough-bond-plans.html
Brighter Mood Spurs BASF, Schering-Plough Bond Plans
Brighter Mood Spurs BASF, Schering-Plough Bond Plans German chemical company BASF plans to sell a 7-year euro benchmark bond, one of the banks managing the sale said on Wednesday, as the outlook for credit markets brightened. Also lining up to tap the market is U.S. drugmaker Schering-Plough which plans to sell a euro ...
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https://www.cnbc.com/2007/09/19/carmax-cuts-fullyear-outlook-shares-tumble.html
Carmax Cuts Full-Year Outlook, Shares Tumble
Carmax Cuts Full-Year Outlook, Shares Tumble CarMax, the No. 1 used-car retailer in the United States, posted higher quarterly earnings and sales Wednesday, but cut its full-year outlook due to the tough automotive retail market, sending its shares down more than 12 percent. "Our sales and profits for the first half of...
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https://www.cnbc.com/2007/09/19/christmas-in-september-for-private-equity.html
Private equity players rejoiced after the Fed cut rates by more than was expected. But can this Fed’s new aggressive stance reignite the buyout boom? VIDEO0:0000:00Tomorrow's Headlines #2 Frank Aquila, partner at Sullivan & Cromwell, one of top M&A law firms in nation, joins the panel via the Fast Line to tell the trad...
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https://www.cnbc.com/2007/09/19/clear-skies-ahead-on-wall-street.html
Did the Fed, in one fell swoop, cure Wall Street of all its credit crunch ills? CNBC's Charlie Gasparino joins the panel to discuss whether it’s safe to buy the brokers. VIDEO0:0000:00Tomorrow's Headlines #1 The big brokerage houses can be ranked from “screwed up” to “more screwed up,” Gasparino said. But if one of the...
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https://www.cnbc.com/2007/09/19/consumer-prices-decline-unexpectedly-in-august.html
Consumer Prices Decline Unexpectedly in August
Consumer Prices Decline Unexpectedly in August U.S. consumer prices unexpectedly dipped 0.1 percent last month and new home construction hit a 12-year low, data Wednesday showed, underlining concerns about the country's economic outlook. August consumer prices were pushed lower by slumping energy costs and posted their...
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https://www.cnbc.com/2007/09/19/corning-sees-earnings-at-high-end-of-forecast.html
Corning Sees Earnings at High End of Forecast
Corning Sees Earnings at High End of Forecast Specialty glass maker Corning said Wednesday that its third-quarter profit would be in the higher-end of its forecast range, due to strength so far in the period. The company said Senior Vice President Katherine Asbeck will tell an investor conference today that the compan...
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https://www.cnbc.com/2007/09/19/countrywide-ceo-bullish-asks-government-to-do-more.html
Countrywide CEO Bullish, Asks Government to Do More
Countrywide CEO Bullish, Asks Government to Do More Countrywide Chairman and CEO Angelo Mozilo delivered a bullish outlook Tuesday for his company as it grapples with the ongoing housing downturn. However, he called on the government to do more to ease the credit crunch and help borrowers in distress avoid foreclosure....
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https://www.cnbc.com/2007/09/19/court-upholds-kerkorian-ruling-in-daimlerchrysler-suit.html
Court Upholds Kerkorian Ruling in DaimlerChrysler Suit
Court Upholds Kerkorian Ruling in DaimlerChrysler Suit A federal appeals court on Tuesday upheld a Delaware judge's rejection of billionaire investor Kirk Kerkorian's claims that he was defrauded in the 1998 merger of DaimlerBenz and Chrysler. A three-judge panel of the 3rd U.S. Circuit Court of Appeals also affirmed a...
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https://www.cnbc.com/2007/09/19/cramer-they-know-something.html
The Fed used to know nothing, but now they know something, Cramer said after Tuesday’s unexpected 50-basis-point rate cut. The move is a complete reversal from the central bank’s inflation-hawk attitude of early August, but now it’s stock-buying time on Wall Street as far as Cramer is concerned. “I believe the crisis w...
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https://www.cnbc.com/2007/09/19/credit-agricole-hit-by-unauthorized-ny-trade.html
Credit Agricole Hit by Unauthorized N.Y. Trade
Credit Agricole Hit by Unauthorized N.Y. Trade France's biggest retail bank, Credit Agricole, said on Tuesday its quarterly results would be hit by a trading loss in New York by its Calyon investment bank unit. Credit Agricole said Calyon's third-quarter result would be significantly below last year's, mainly due to a ...
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https://www.cnbc.com/2007/09/19/dell-to-open-retail-store-in-russia.html
Dell to Open Retail Store in Russia
Dell to Open Retail Store in Russia Dell, the world's second-largest personal computer maker, said Wednesday it plans to open a store in Moscow next month, its first retail foray in Russia. The company said the store will be in Moscow's new Gorbuskin Dvor retail center. Dell said the store will address the rapid growth...
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https://www.cnbc.com/2007/09/19/diageos-walsh-keen-to-buy-absolut-vodka.html
Diageo's Walsh Keen to Buy Absolut Vodka
Diageo's Walsh Keen to Buy Absolut Vodka British drinks giant Diageo is "very interested" in buying Sweden's $6 billion valued Absolut vodka and Chief Executive Paul Walsh says he can see solutions to any possible anti-trust problems arising. "We are very interested in Absolut, and the feasibility will be linked to the...
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https://www.cnbc.com/2007/09/19/did-ben-save-housing-market.html
The cracks that are the basis for this rate cut started with poor lending practices in the housing market. Did Bernanke signal that he won’t standby and let the housing slump drag us into a recession? As a result, should housing stocks be back in the ‘buy’ column? As a trade, and only as a trade, some homebuilders are ...
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https://www.cnbc.com/2007/09/19/does-the-fed-cut-save-housing.html
Does the Fed Cut Save Housing?
Does the Fed Cut Save Housing? The short answer is: not today. I realize the CNBC audience doesn't need an explanation of why a Fed rate cut doesn't mean that you're suddenly saving hundreds of dollars a month on your 30-year fixed. Yes, it may slightly affect adjustable rate mortgage interest rates, and certainly some...
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https://www.cnbc.com/2007/09/19/eu-approves-8-billion-purchase-of-harman-by-kkr.html
EU Approves $8 Billion Purchase of Harman by KKR
EU Approves $8 Billion Purchase of Harman by KKR U.S. private investment firm Kohlberg Kravis Roberts & Co (KKR) won competition clearance from the European Commission on Wednesday to buy audio equipment maker Harman International Industries for some $8 billion. Harman makes electronics systems for cars that integrate ...
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https://www.cnbc.com/2007/09/19/eu-official-criticizes-us-justice-dept-on-microsoft.html
EU Official Criticizes U.S. Justice Dept on Microsoft
EU Official Criticizes U.S. Justice Dept on Microsoft European Union Competition Commissioner Neelie Kroes said on Wednesday that a top U.S.  Justice Department official's criticism of an EU court decision against Microsoft was "totally unacceptable." Assistant Attorney General Thomas Barnett said after the Court of Fi...
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https://www.cnbc.com/2007/09/19/european-stocks-rally-after-fed-rate-cut.html
European Stocks Rally after Fed Rate Cut
European Stocks Rally after Fed Rate Cut European shares closed higher, with the financial sector advancing strongly, after the U.S. Federal Reserve decided to slash interest rates in order to offer relief to troubled credit markets. The London FTSE-100 , Paris CAC-40 and Frankfurt DAX surged , as did the FTSE CNBC Glo...
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https://www.cnbc.com/2007/09/19/fannie-mae-freddie-mac-subprime-restrictions-ease.html
Fannie Mae, Freddie Mac Subprime Restrictions Ease
Fannie Mae, Freddie Mac Subprime Restrictions Ease Fannie Mae and Freddie Mac, the biggest sources of U.S. housing finance, can buy $20 billion more in subprime mortgages under rules unveiled Wednesday to help revive a market hindered by tighter lending standards. The Office of Federal Housing Enterprise Oversight, the...
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https://www.cnbc.com/2007/09/19/fda-approves-astrazenecas-flumist-for-toddlers.html
FDA Approves AstraZeneca's Flumist for Toddlers
FDA Approves AstraZeneca's Flumist for Toddlers U.S. health officials said Wednesday they approved the Flumist nasal spray influenza vaccine for children between ages 2 and 5. Flumist is made by MedImmune, which was recently acquired by AstraZeneca. Previously, the vaccine was approved only for healthy children age 5 a...
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https://www.cnbc.com/2007/09/19/fed-cuts-dow-rocks.html
BEST DAY IN FOUR YEARS:The headline: Dow Surges Most Since April 2003 After Fed Cuts Rates More Than Expected The big story before 2:15 was the surprise Lehman Brothers (LEH) earnings. Pete Najarian spent the morning trading the inexpensive upside calls in the XLF ahead of the Fed decision. He had been long the financi...
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https://www.cnbc.com/2007/09/19/fed-ratecut-rally-could-recede-quickly.html
Fed Rate-Cut Rally Could Recede Quickly
Fed Rate-Cut Rally Could Recede Quickly Like the tides, the wave of good feelings that swept over Wall Street and Main Street with the Federal Reserve's big rate cut could ebb just as quickly. Homeowners opening up statements for their adjustable-rate mortgages come October will experience a jolt when the rates jump, b...
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https://www.cnbc.com/2007/09/19/fed-still-faces-tough-fight-against-recession-experts.html
Fed Still Faces Tough Fight Against Recession: Experts
Fed Still Faces Tough Fight Against Recession: Experts The Federal Reserve’s interest-rate cuts will do little if anything to help the mortgage and housing industries in the short-term--and the central bank is just at the beginning of a long, hard fight to head off a recession, experts say. Most economists and banking ...
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https://www.cnbc.com/2007/09/19/ftse-keeps-south-korea-taiwan-on-watch-for-upgrade.html
FTSE Keeps South Korea, Taiwan on Watch for Upgrade
FTSE Keeps South Korea, Taiwan on Watch for Upgrade Global index compiler FTSE dashed hopes on Thursday that South Korea and Taiwan would be upgraded to advanced market status, saying more work was needed in areas such as off-exchange transactions. Among other markets, FTSE said Pakistan will be removed from its Global...
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https://www.cnbc.com/2007/09/19/gm-uaw-talks-enter-fifth-day-past-expiration.html
GM, UAW Talks Enter Fifth Day Past Expiration
GM, UAW Talks Enter Fifth Day Past Expiration The United Auto Workers and General Motors resumed negotiations for a new labor contract on Wednesday, five days past the expiry of the previous pact. GM and UAW negotiators broke off their talks on Tuesday at around 9 p.m. EDT and returned to the bargaining table on Wedne...
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https://www.cnbc.com/2007/09/19/have-foot-fetish.html
Believe it or not, there are many publicly traded shoe companies. And these stocks were among the hardest hit shares since July on concerns the consumer is in a crunch. For example, Collective Brands (PSS) ,owner of Payless is down 31% over the last 3 months and Brown Shoe Company (BWS) is down 13%. Should you go shopp...
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https://www.cnbc.com/2007/09/19/honeywell-signs-16-billion-contract-with-airbus.html
Honeywell Signs $16 Billion Contract with Airbus
Honeywell Signs $16 Billion Contract with Airbus Diversified U.S. manufacturer Honeywell International said Wednesday it signed a contract to provide major mechanical systems for Airbus's new long-range, wide-body A350 aircraft, and expects to generate more than $16 billion in revenue over the projected 20- to 25-year ...
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https://www.cnbc.com/2007/09/19/inditex-firsthalf-profit-tops-target.html
Inditex First-Half Profit Tops Target
Inditex First-Half Profit Tops Target Spanish clothing retailer Inditex, owner of the Zara chain, made a net profit of 393 million euros ($545 million) in its first half, it said on Wednesday, up 33% year-on-year and aboveanalysts' forecasts. Inditex said in a statement sales in the six months to July rose 19% to 4.124...
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https://www.cnbc.com/2007/09/19/is-nike-on-a-run.html
Nike reports earnings Thursday after the bell. In this Web Extra Jeff Macke reveals his trade ahead of the numbers. Also find out why Guy Adami put his Crocs in the dishwasher! This content is exclusively for you, our internet audience. You won't find these trades on TV! VIDEO0:0000:00Fast Money Web Extra _____________...
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https://www.cnbc.com/2007/09/19/japan-corporate-sentiment-improves-but-capex-soft.html
Japan Corporate Sentiment Improves But Capex Soft
Japan Corporate Sentiment Improves But Capex Soft Big Japanese firms grew more confident about business conditions in the current quarter, a government survey showed on Thursday, but softer capital spending plans dimmed the outlook of the economy. The improvement in the business sentiment puzzled some economists who ha...
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https://www.cnbc.com/2007/09/19/kellwood-receives-unsolicited-bid-of-21-a-share.html
Kellwood Receives Unsolicited Bid of $21 A Share
Kellwood Receives Unsolicited Bid of $21 A Share Kellwood, owner of popular clothing brands Baby Phat and Nautica, said it received an unsolicited bid from Sun Capital Securities Group to acquire all of its outstanding shares for $21 per share, sending shares up as much as 34 percent. Based on Kellwood's 25.89 million...
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https://www.cnbc.com/2007/09/19/kfed-rate-cut.html
K-Fed Rate Cut
K-Fed Rate Cut CNBC.com photo composite CNBC.com photo composite What more can be said about the Fed's rate cut? Did Greenspan get us into this mess? Is Bernanke caving in getting us out? Are both trying to be popular? Here's my question: is Greenspan suddenly like Britney (we thought he was so hot but now...), while B...
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https://www.cnbc.com/2007/09/19/market-outlook-fed-may-not-be-done-cutting-rates.html
Market Outlook: Fed May Not Be Done Cutting Rates
Market Outlook: Fed May Not Be Done Cutting Rates Federal Reserve Board Chairman Ben Bernanke delivers the board's Monetary Policy Report to the Senate Banking Committee in Washington Wednesday, July 19, 2006. "The recent rise in inflation is of concern," and possible increases in the prices of oil as well as other raw...
b48eda23c87e4927342d226ad97af88a
https://www.cnbc.com/2007/09/19/momentum-continues-but-for-how-long.html
Trader Talk
Trader Talk The positive momentum continues, with 2-1 advancing to declining stocks. Charles Biderman at Trimtabs.com called to say that mutual funds had $10.4 billion in inflows yesterday, the biggest since Jan 4, 2001. That money was put to work today, for the most part.The Dow is now 185 points from its historic hig...
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https://www.cnbc.com/2007/09/19/morgan-stanley-profit-falls-more-than-expected.html
Morgan Stanley Profit Falls More Than Expected
Morgan Stanley Profit Falls More Than Expected Morgan Stanley said on Wednesday its third-quarter earnings fell as the broad selloff in mortgage and corporate loan markets this summer delivered a $940 million blow to the broker. The No. 2 investment bank by market value said earnings from continuing operations fell 7% ...
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https://www.cnbc.com/2007/09/19/mortgage-applications-up-as-refinancing-picks-up.html
Mortgage Applications Up as Refinancing Picks Up
Mortgage Applications Up as Refinancing Picks Up Applications for U.S. home mortgages climbed for a third straight week as more borrowers sought to refinance loans on which payments may be about to rise, an industry group said Wednesday. The increase was led by the seasonally adjusted index of applications for home ref...
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https://www.cnbc.com/2007/09/19/nasdaq-shares-halted-amid-ma-speculation.html
Nasdaq Shares Halted Amid M&A Speculation
Nasdaq Shares Halted Amid M&A Speculation Shares of the Nasdaq Stock Market were halted on Wednesday pending a news announcement. A company spokeswoman was not immediately available for comment. Shares of Nordic bourse operator OMX, target of a bidding war between Nasdaq and Borse Dubai, were also suspended on the Stoc...
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https://www.cnbc.com/2007/09/19/oil-hits-new-high-over-82-on-supply-fears.html
Oil Hits New High Over $82 On Supply Fears
Oil Hits New High Over $82 On Supply Fears Oil Refinery Oil struck a new record over $82 Wednesday as falling U.S. inventories and the threat of a storm gathering near Florida renewed supply concerns in the world's biggest energy consumer. U.S. light, sweet crude settled up 42 cents at $81.93 per barrel, after hitting ...
bda2c640050cf985d261c0aa0633ccb8
https://www.cnbc.com/2007/09/19/oil-surging-why-are-big-rigs-still-selling.html
Oil Surging -- Why are Big Rigs Still Selling?
Oil Surging -- Why are Big Rigs Still Selling? Ford F Series There was a time when the idea of crude oil hitting $100 a barrel would have sent the auto industry into a panic. Funny, with oil now trading at roughly $82 and with a growing number of forecasters saying $100 is a possibility, the bread-and-butter big rigs (...
adf6dd5cf15e7d4b98cc464d68cc3980
https://www.cnbc.com/2007/09/19/on-the-line-genesis-lease-ceo-john-mcmahon.html
Genesis Lease is down about 17% since Cramer recommended it in May, even despite today's 300-plus-point rally in the Dow. How could a stock with an 8.2% yield be doing so poorly? VIDEO0:0000:00GLS Chmn. & CEO Cramer wasn't wrong about Genesis Lease , said Chairman, CEO and President John McMahon, because "the fundament...
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https://www.cnbc.com/2007/09/19/palm-expects-firstquarter-earnings-to-fall.html
Palm Expects First-Quarter Earnings to Fall
Palm Expects First-Quarter Earnings to Fall Treo smartphone maker Palm said Wednesday it expects its profit to fall in its fiscal first quarter. For the quarter ended Aug. 31, the company expects to either report a loss of 1 cent per share or to break even. Excluding charges for stock-based compensation, amortization o...
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https://www.cnbc.com/2007/09/19/paulson-urges-senate-to-boost-borrowing-authority.html
Paulson Urges Senate to Boost Borrowing Authority
Paulson Urges Senate to Boost Borrowing Authority U.S. Treasury Secretary Henry Paulson said Wednesday he expects the federal government to reach its $8.965 trillion statutory debt limit on Oct. 1. Hank Paulson Paulson, in a letter to congressional leaders, urged quick Senate approval of a bill that would increase U.S....
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https://www.cnbc.com/2007/09/19/pg-may-use-acquisitions-to-boost-position-in-china.html
P&G May Use Acquisitions to Boost Position in China
P&G May Use Acquisitions to Boost Position in China Procter & Gamble, the world's top maker of household products, will consider brand acquisitions in China to shore up and expand its leading position among multinationals muscling into the booming but fractured domestic consumer goods market. P&G -- which sells househo...
ab8bf96440102fc113b9dcecb357f1a3
https://www.cnbc.com/2007/09/19/pisani-shorts-and-the-fed-set-up.html
Trader Talk
Trader Talk Ben we hardly knew ye.For the second time in a month, Bernanke and Co. have burned the shorts -- badly.I moderated an Institutional Investor Family Wealth conference over the weekend, and the opinion of the hedge fund managers and strategists assembled was nearly unanimous: the Fed would cut rates 25 basis ...
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https://www.cnbc.com/2007/09/19/sakhalin2s-winter-crude-exports-delayed.html
Sakhalin-2's Winter Crude Exports Delayed
Sakhalin-2's Winter Crude Exports Delayed Russian Sakhalin-2's first year-round exports of Vityaz crude will be pushed back to next year due to delays in pipeline commissioning, sources said on Wednesday. The delay will mean lower-than-expected winter supplies of a highly-sought light crude to a tight oil market worrie...
690f5d14b5585461ff6cc2a9275af0ed
https://www.cnbc.com/2007/09/19/santa-baby-a-new-blackberry.html
Holiday Central
Holiday Central Blackberry 8800 I'm clearly not normal. At least,that's what I understand when I hear that flat panel TVs, GPS systems, computers and video games are at the top of gift request lists again this year. I only bought a new iPod when my old one died (Apple customer service leaves a lot to be desired) and I...
73e50caba5c9db3b2d38ad5158624ff5
https://www.cnbc.com/2007/09/19/see-what-people-are-saying-on-sept-19th.html
Jeff Macke is CLEARLY the best commentator on CNBC !!!! Cramer is an entertaining showman for the novices, others give good advice from time to time....but Macke consistently delivers !!!!! -- Rick  from Florida -----------------------------------------------Pathetic move by the Fed. The economy and stock market were d...
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https://www.cnbc.com/2007/09/19/smaller-boxes-boost-general-mills-earnings.html
Smaller Boxes Boost General Mills' Earnings
Smaller Boxes Boost General Mills' Earnings CheeriosMark Lennihan General MillsWednesday reported a rise in quarterly earnings that matched a better-than-expected view the company gave earlier this month, helped by a move to reduce the size of cereal boxes and charge consumers more per ounce. Net income was $289 millio...
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https://www.cnbc.com/2007/09/19/sp-ausnet-plans-to-buy-alinta-assets-for-696-billion.html
SP Ausnet Plans to Buy Alinta Assets for $6.96 Billion
SP Ausnet Plans to Buy Alinta Assets for $6.96 Billion Australian infrastructure firm SP Ausnet said on Thursday it has agreed with Singapore Power to buy some assets of energy firm Alinta for A$8.142 billion ($6.96 billion). SP Ausnet, which owns and operates electricity and gas transmission networks in the southern s...
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https://www.cnbc.com/2007/09/19/star-wars-chewbaccas-revenge-on-pfizer.html
"Star Wars": Chewbacca's Revenge on Pfizer
"Star Wars": Chewbacca's Revenge on Pfizer Chewbacca I'm fully aware that this story actually broke yesterday, and was picked up by a couple of competitors, but after receiving today's morning research note from Miller Tabak healthcare analyst Les Funtleyder, I couldn't resist writing this post. I suspect Les is a "Sta...
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https://www.cnbc.com/2007/09/19/stocks-on-the-move-countrywide-blackstone.html
Following are the day's biggest winners and losers. Find out why shares of Countrywide Financial (CFC), Blackstone (BX) and The Warnaco Group (WRNC) popped while Carmax (KMX) and Comcast (CMSCA) dropped. POPS (stocks that jumped higher) Countrywide Financial (CFC) popped 3%. The CEO of the beleaguered mortgage lender s...
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https://www.cnbc.com/2007/09/19/stop-trading-expect-more-rate-cuts.html
The yield curve is showing that the Fed should cut another 50 or 75 basis points – “maybe even 100,” Cramer said on Stop Trading! Wednesday. VIDEO0:0000:00Cramer on the Markets One of the best ways to play the end of that curve? Annaly Capital. CEO Mike Farrell has the necessary portfolio in place and he has a plan to ...
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https://www.cnbc.com/2007/09/19/the-rally-is-just-starting.html
If you didn’t have any money in the market during yesterday’s rally, it’d be easy to think you missed out. But that’s just not the case, Cramer said during Wednesday’s Mad Money. He urged viewers to think longer term. Investors who came in a few days late after the Fed made a much-needed rate cut in 1990 to get the U.S...
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https://www.cnbc.com/2007/09/19/time-warner-mulls-sale-of-us-aol-access-business.html
Time Warner Mulls Sale of U.S. AOL Access Business
Time Warner Mulls Sale of U.S. AOL Access Business Time Warner, the world's largest media company, will "look hard" in the next 12 to 18 months at possibly selling off its AOL dial-up Internet access business after doing the same in Europe. Chief Executive Richard Parsons, who is under pressure from Wall Street to boos...
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https://www.cnbc.com/2007/09/19/tmobile-wins-german-iphone-deal-mum-on-details.html
T-Mobile Wins German iPhone Deal, Mum on Details
T-Mobile Wins German iPhone Deal, Mum on Details Deutsche Telekom's mobile phone division, T-Mobile, will sell Apple's iPhone in Germany for 399 euros ($558) each, the companies said on Wednesday, but kept silent on details of the deal. The popular media-playing device, which has been on sale in the United States since...
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https://www.cnbc.com/2007/09/19/ual-sees-thirdquarter-increase-in-passenger-revenue.html
UAL Sees Third-Quarter Increase in Passenger Revenue
UAL Sees Third-Quarter Increase in Passenger Revenue United Airlines parent UAL Corp. said Wednesday it expects a key measure of passenger revenue to rise by as much as 8.5% in the third quarter as it benefits from both packed planes and higher fares than a year ago. In a filing with the Securities and Exchange Commiss...
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https://www.cnbc.com/2007/09/19/wall-street-gets-a-shot-of-confidence.html
Wall Street Gets a Shot of Confidence
Wall Street Gets a Shot of Confidence The stock market's got some of its swagger back.Flush with a new infusion of confidence, investors will carry that into Wednesday. Before the opening bell on Wall Street, we'll get a look at consumer inflation data, August housing starts and  another big broker's earnings.But there...
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https://www.cnbc.com/2007/09/19/wisconsin-ag-asks-for-block-of-sirius-xm-deal.html
Wisconsin AG Asks for Block of Sirius, XM Deal
Wisconsin AG Asks for Block of Sirius, XM Deal Wisconsin's attorney general asked the federal government Tuesday to block the combination of the nation's only two satellite radio companies. In a letter to the U.S. Department of Justice, Republican Attorney General J.B. Van Hollen said the deal between Sirius Satellite ...
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https://www.cnbc.com/2007/09/20/abn-ceo-says-barclays-bid-too-low-for-shareholders.html
ABN CEO Says Barclays Bid Too Low for Shareholders
ABN CEO Says Barclays Bid Too Low for Shareholders British bank Barclays' bid for ABN Amro, one of two offers for the Netherlands' biggest bank, is too low to recommend to shareholders, ABN's chief executive said on Thursday. Barclays' part-cash, part-share bid is currently worth about 59 billion euros ($82.52 billion)...
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https://www.cnbc.com/2007/09/20/apple-ceo-subpoenaed-in-backdating-case-report.html
Apple CEO Subpoenaed in Backdating Case: Report
Apple CEO Subpoenaed in Backdating Case: Report Apple Apple Chief Executive Steve Jobs was asked by U.S. securities regulators to give a deposition in a lawsuit against the company's former general counsel involving stock options backdating, Bloomberg reported, citing two people familiar with the matter. The U.S. Secur...
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https://www.cnbc.com/2007/09/20/asian-markets-close-mixed-japan-makes-gains.html
Asian Markets Close Mixed, Japan Makes Gains
Asian Markets Close Mixed, Japan Makes Gains Asian stocks were mixed in lackluster trade Thursday. Markets drifted in a narrow range in and out of positive territory. But Japan, South Korea and Australia managed to make some gains. Tokyo's Nikkei 225 Average edged up 0.20%, with the overall market buoyed by companies s...
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https://www.cnbc.com/2007/09/20/bae-shareholder-files-lawsuit-over-saudi-deal.html
BAE Shareholder Files Lawsuit over Saudi Deal
BAE Shareholder Files Lawsuit over Saudi Deal A shareholder in BAE Systems has filed a lawsuit against the British defense company's board and other individuals which seeks damages stemming from past arms deals with Saudi Arabia. BAE Chief Executive Mike Turner and former Saudi ambassador to the United States Prince Ba...
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https://www.cnbc.com/2007/09/20/bear-stearns-profit-plunges-62-on-subprime.html
Bear Stearns Profit Plunges 62% on Subprime
Bear Stearns Profit Plunges 62% on Subprime CNBC.com Illustration Bear Stearns said Thursday its profit plunged 62 percent in the third quarter, as turbulence in the debt market and wrong-way bets on mortgages hurt the investment bank's credit portfolio and bond business. The Wall Street brokerage reported third-quart...
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https://www.cnbc.com/2007/09/20/bernanke-fed-will-act-to-curb-fallout-of-credit-ills.html
Bernanke: Fed Will Act To Curb Fallout of Credit Ills
Bernanke: Fed Will Act To Curb Fallout of Credit Ills Federal Reserve Chairman Ben Bernanke told Congress Thursday the credit crisis has created "significant market stress" and offered fresh assurances that regulators would take steps to curb fallout related to the mortgage mess. Federal Reserve Board Chairman Ben Bern...
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https://www.cnbc.com/2007/09/20/bernanke-in-the-spotlight.html
Bernanke in the Spotlight
Bernanke in the Spotlight Federal Reserve Chairman Ben Bernanke is back on the hot seat today and Wall Street, meanwhile is sifting through some big earnings reports. What look to be strong earnings from Goldman Sachs improved early sentiment. Goldman Sachs, as expected, handily beat earnings estimates with profits of ...
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https://www.cnbc.com/2007/09/20/boe-defends-stance-in-crisis-german-banks-hit.html
BOE Defends Stance in Crisis, German Banks Hit
BOE Defends Stance in Crisis, German Banks Hit The Bank of England hit back on Thursday at accusations it was asleep at the wheel when the world's credit markets dried up, while two major German banks joined the ranks of those hurt by the global squeeze. The British central bank's chief, Mervyn King, defended the decis...
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https://www.cnbc.com/2007/09/20/bp-says-alaska-oil-production-problems-inflated.html
BP Says Alaska Oil Production Problems Inflated
BP Says Alaska Oil Production Problems Inflated Oil major BP has complained to Alaska state officials about the description of at least two oil production disruptions posted on an official state website, a BP spokesman said Wednesday night. BP spokesman Steve Rinehart said a Tax Division of the Alaska Department of Re...
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https://www.cnbc.com/2007/09/20/buffetts-been-selling-more-petrochina-than-you-might-have-thought.html
Buffett Watch
Buffett Watch We don't know for sure why Warren Buffett's Berkshire Hathaway has been reducing its stake in PetroChina, but he's been selling more shares than you might have thought. Reporting of the most recent disclosed sale, including the previous post here on Warren Buffett Watch, describe it as the third sale sinc...
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https://www.cnbc.com/2007/09/20/carl-icahn-increases-stake-in-bea-systems.html
Carl Icahn Increases Stake in BEA Systems
Carl Icahn Increases Stake in BEA Systems Carl Icahn increased his stake in BEA Systems, regulatory filings indicated, as the billionaire investor seeks a sale of the business software company. Icahn raised his holdings to approximately 9.9% of outstanding shares, up from an 8.5% interest, according to documents filed ...
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https://www.cnbc.com/2007/09/20/carlyle-sells-stake-to-abu-dhabi-firm.html
Carlyle Sells Stake to Abu Dhabi Firm
Carlyle Sells Stake to Abu Dhabi Firm Private equity firm Carlyle Group on Thursday said it is selling a 7.5 percent stake in its general partnership to an Abu Dhabi investment arm in a deal worth $1.35 billion.
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https://www.cnbc.com/2007/09/20/ceo-of-rwe-to-step-down-earlier-than-expected.html
CEO of RWE to Step Down Earlier than Expected
CEO of RWE to Step Down Earlier than Expected The German utility RWE said Thursday that Chief Executive Harry Roels would resign at the end of the month, four months earlier than planned. The Essen-based provider of electricity, water and natural gas said its supervisory board approved the appointment of steel company ...
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https://www.cnbc.com/2007/09/20/china-japan-renew-currency-swap-agreement.html
China, Japan Renew Currency Swap Agreement
China, Japan Renew Currency Swap Agreement China and Japan have renewed a currency-swap agreement originally signed as part of the 2001 region-wide Chiang Mai agreement to head off a repeat of Asia's 1997/98 financial crisis. The agreement was signed on Thursday during a visit to Tokyo by People's Bank of China Governo...
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https://www.cnbc.com/2007/09/20/chinas-snow-beer-set-to-become-worlds-no-2-brand.html
China's 'Snow' Beer Set to Become World's No. 2 Brand
China's 'Snow' Beer Set to Become World's No. 2 Brand Snow, the Chinese beer brand partly owned by London-based brewer SABMiller, is set to become the number-two beer brand in the world this year, SABMiller said Thursday, citing industry data. Snow is the main national brand of CR Snow Breweries, SABMiller's 49 percent...
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https://www.cnbc.com/2007/09/20/chryslers-press-on-the-home-team.html
Chrysler's Press on "the Home Team"
Chrysler's Press on "the Home Team" Jim PressAP Chrysler's newest hire, and new head of sales and marketing, Jim Press, says he's "on the home team" and ready to grow the struggling American automaker. But as I listened to the first public comments from Jim Press, I kept asking myself, "how exactly will this man revive...
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https://www.cnbc.com/2007/09/20/circuit-city-loss-wider-than-expected-on-domestic-sales.html
Circuit City Loss Wider than Expected on Domestic Sales
Circuit City Loss Wider than Expected on Domestic Sales A Circuit City store in Mount Laurel, New Jersey.Mel Evans Circuit City Storesreported a wider-than-expected second-quarter loss Thursday, as sales sagged for desktop computers, projection and tube TVs, and its shares fell 5 percent in pre-market trading. The reta...
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https://www.cnbc.com/2007/09/20/class-action-attorney-melvyn-weiss-to-be-indicted.html
Class Action Attorney Melvyn Weiss to be Indicted
Class Action Attorney Melvyn Weiss to be Indicted Federal prosecutors are expected to announce an indictment of influential class-action lawyer Melvyn Weiss on Thursday as part of a long-running case charging his law firm paid plaintiffs in its multibillion-dollar lawsuits against corporations, the law firm said. Prose...
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https://www.cnbc.com/2007/09/20/commerzbank-says-its-subprime-losses-could-rise.html
Commerzbank Says its Subprime Losses Could Rise
Commerzbank Says its Subprime Losses Could Rise Commerzbank could end up with a bigger loss from investments related to U.S. subprime mortgages than it had first expected, Chief Executive Klaus-Peter Mueller said on Thursday. The bank had previously told investors it would put aside roughly 80 million euros ($111.9 mil...
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https://www.cnbc.com/2007/09/20/dollar-dips-oil-boils-metals-shine.html
Dollar Dips, Oil Boils, Metals Shine
Dollar Dips, Oil Boils, Metals Shine Interesting day in the markets with the dollar falling to record levels, oil ripping higher and a pop in gold and other metals, all fanning inflation jitters.Stocks were not nearly as exciting with the Dow finishing off 48 at 13,766. And They Call Their Currency Loonie! For the firs...
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https://www.cnbc.com/2007/09/20/european-shares-set-to-pause-after-fedinduced-rally.html
European Shares Set to Pause After Fed-Induced Rally
European Shares Set to Pause After Fed-Induced Rally European shares are expected to open lower on Thursday, pausing after a Federal Reserve-induced rally, as investor focus shifts back to corporate results. After Tuesday's larger-than-expected U.S. rate cut, analysts will also be watching Fed Chairman Ben Bernanke's t...
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https://www.cnbc.com/2007/09/20/fast-moneys-oldest-fan.html
Fast Money's Oldest Fan
Fast Money's Oldest Fan Dylan Ratigan Bob Lawrence enjoys a lot of great titles: grandfather, great-grandfather, great-great grandfather. And at 90 years old, he enjoys another great title: "Fast Money"'s oldest fan! We'll be profiling Bob on tonight's show and he's a terrific guy. I took the 90-minute drive to his hom...
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https://www.cnbc.com/2007/09/20/fed-treasury-are-open-to-easing-mortgage-limits.html
Fed, Treasury Are Open to Easing Mortgage Limits
Fed, Treasury Are Open to Easing Mortgage Limits The top two U.S. economic policymakers told Congress on Thursday that allowing the biggest home finance companies to buy larger loans could ease mortgage market strains, but should be coupled with tighter regulation of the firms. AP Federal Reserve Chairman Ben Bernanke ...
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https://www.cnbc.com/2007/09/20/fedex-delivers-with-caveat.html
Trader Talk
Trader Talk As suspected FedEx beat estimates for their first quarter but lowered full year guidance. Recall that they introduced fiscal 2008 guidance last quarter of $7.00-$7.40, but today lowered it to $6.70-$7.10. CEO Frederick Smith said that the global economy was solid "outside the U.S." but that "financial marke...
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https://www.cnbc.com/2007/09/20/fedex-profit-rises-but-outlook-cut.html
FedEx Profit Rises, But Outlook Cut
FedEx Profit Rises, But Outlook Cut FedEx FedEx Thursday reported higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down nearly 2%. The package delivery company said net income rose to $494 million, or $1.58 a share, in the first quarter ended on Aug...
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https://www.cnbc.com/2007/09/20/france-telecom-unit-to-sell-apples-iphone.html
France Telecom Unit to Sell Apple's iPhone
France Telecom Unit to Sell Apple's iPhone France Telecom will start marketing Apple's million-selling iPhone in France through its wireless arm Orange. Thursday's announcement came days after Apple Chief Executive Steve Jobs visited Britain and Germany to unveil similar deals with mobile operator O2 and Deutsche Tele...
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https://www.cnbc.com/2007/09/20/gm-uaw-continue-to-discuss-health-care-issue.html
GM, UAW Continue to Discuss Health Care Issue
GM, UAW Continue to Discuss Health Care Issue Negotiators for General Motors and the United Auto Workers, trying to craft a new contract, are still discussing the automaker's proposal to pay the union to form a trust and take over the company's huge retiree health care obligation, according to two people who have been ...
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https://www.cnbc.com/2007/09/20/goldman-goes-to-300.html
In a week of earnings reports from the big brokers, Goldman Sachs managed to outshine the competition, Cramer said on Thursday’s Mad Money. The key was Goldman’s approach to mortgage-backed securities. According to Cramer, the investment bank saw where that market was headed and managed to sidestep the worst of it. VI...
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https://www.cnbc.com/2007/09/20/goldman-sachs-profit-jumps-beating-estimates.html
Goldman Sachs Profit Jumps, Beating Estimates
Goldman Sachs Profit Jumps, Beating Estimates Goldman Sachs Groupsaid Thursday that quarterly profit surged 79 percent, blowing away expectations of weak results, as the investment bank generated its second-highest revenue ever despite turbulent summer markets. Goldman Sachs New York-based Goldman , the largest securit...
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https://www.cnbc.com/2007/09/20/goldman-tops-forecasts-while-bear-falls-short.html
Goldman Tops Forecasts, While Bear Falls Short
Goldman Tops Forecasts, While Bear Falls Short Two Wall Street investment banks had markedly different success weathering summer market turbulence as results at Goldman Sachs easily exceeded expectations while those at Bear Stearns fell far short. Third-quarter profit at Goldman , the largest securities firm by market ...
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https://www.cnbc.com/2007/09/20/halo-3-trailer-and-intro.html
Halo 3 trailer and intro
Halo 3 trailer and intro VIDEO0:0000:00Halo 3 Teaser Check out the movie theater trailer and the game introductory sequence for Halo 3. Watch the theater trailer. VIDEO0:0000:00Halo 3 Game Intro Watch the game intro sequence.
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https://www.cnbc.com/2007/09/20/how-goldman-blew-out-the-numbers.html
Trader Talk
Trader Talk Goldman, as the Street suspected, blew out the numbers.  How did they do it?  Through their traditional strength -- trading and principal investments, like FICC and equities. Fixed income, currency and commodities (FICC) recorded record net revenues of $4.89 billion. 1) Signficiant losses on non-prime loans...
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https://www.cnbc.com/2007/09/20/hsbcs-green-not-considering-japanese-acquisitions.html
HSBC's Green Not Considering Japanese Acquisitions
HSBC's Green Not Considering Japanese Acquisitions HSBC is not considering acquisitions in Japan and will instead focus on growth by itself as it rolls out retail banking in the world's second-largest economy, HSBC Chairman Stephen Green said on Thursday. Green also said there is room for as many as 35 HSBC branches in...
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https://www.cnbc.com/2007/09/20/israels-nuclear-no-tell-policy-criticized.html
Israel's Nuclear 'No Tell' Policy Criticized
Israel's Nuclear 'No Tell' Policy Criticized A 144-nation atomic energy conference criticized Israel Thursday for refusing to put its nuclear program under international purview, with the United States alone supporting the Jewish state. Besides Washington, only Israel voted against the resolution, while 53 nations back...
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https://www.cnbc.com/2007/09/20/japans-sharp-pioneer-form-alliance.html
Japan's Sharp, Pioneer Form Alliance
Japan's Sharp, Pioneer Form Alliance Japan's Sharp and Pioneer will form comprehensive capital and operational alliances. The two electronics makers agreed to cross-hold each other's shares through third-party allotments. Pioneer plans to issue new shares in December worth 41.4 billion yen (US$357 million) that will go...
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https://www.cnbc.com/2007/09/20/king-denies-policy-uturn-in-northern-rock-case.html
King Denies Policy U-Turn in Northern Rock Case
King Denies Policy U-Turn in Northern Rock Case The Bank of England hit back on Thursday at accusations it handled poorly the Northern Rock crisis and denied it had performed a U-turn over its stance on not bailing out markets. Governor Mervyn King said the central bank had changed tack to offer an extra 10 billion pou...
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https://www.cnbc.com/2007/09/20/lehman-names-new-chief-financial-officer.html
Lehman Names New Chief Financial Officer
Lehman Names New Chief Financial Officer Lehman Brothers, the Wall Street investment bank, named Erin Callan as chief financial officer on Thursday, replacing Christopher O'Meara, who will become global head of risk management. Callan has worked at Lehman since 1995, and now oversees global hedge fund coverage. She pre...
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https://www.cnbc.com/2007/09/20/lets-see-what-junior-can-do.html
Let's See What Junior Can Do
Let's See What Junior Can Do AMP 88 RacecarSource: ampenergy.com I'm really loving the fact that Dale Jr. will be driving the No. 88 car next year with Amp on his hood instead of Mountain Dew. When it was first rumored that "Little E" would shed Budweiser for Mountain Dew, I wasn't that excited. Why? Because Mountain D...
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https://www.cnbc.com/2007/09/20/lightning-round-annaly-baidu-motorola-and-more.html
VIDEO0:0000:00Lightning Round FC Stone Group : “The commodities risk business is a great one. This business is shining with this environment. You have a good one. I want you to stay in it.”Washington Group : Cramer is bullish on WNG. Annaly : With interest rates going down, NLY is “going to print money,” Cramer said. B...
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https://www.cnbc.com/2007/09/20/lightning-round-gm-oshkosh-and-more.html
Smart Balance : Cramer’s not a fan. Stick with a name like Pepsi , he said. Parametric Technology : If you want to be in the software stocks, Cramer recommends BEA Systems . General Motors : The UAW should have gone after someone else, Cramer said, because GM is “sticking it to them.” The company is a powerhouse, and C...
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https://www.cnbc.com/2007/09/20/limiting-loans-or-letting-loose-again-the-fanniefreddie-conundrum.html
Limiting Loans or Letting Loose Again?  The Fannie/Freddie Conundrum
Limiting Loans or Letting Loose Again?  The Fannie/Freddie Conundrum Treasury Secretary, Henry PaulsonAP There's a lot of talk on the Hill today about raising the conforming loan limit for Fannie and Freddie from its current $417,000. Treasury Secretary Henry Paulson said, "There is little question that allowing the GS...
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https://www.cnbc.com/2007/09/20/lululemon-is-growth-nirvana.html
Back on Aug. 3, Cramer named Lululemon Athletica as a growth stock on par with Crocs and Under Armour. Less than two months later, the yoga apparel company is up 28%, and Cramer said it isn’t done. VIDEO0:0000:00LuluLemon He has his critics, though. Many on the Street can’t understand how a niche retailer with such a t...