Europe bank fears hit shares

Wed, 08 Sep 2010 03:48:41 -0400

SINGAPORE (Reuters) - Asian stocks fell on Wednesday, led by shares in Japan's big exporters as a rise in the yen to a new 15-year high threatened to erode their overseas earnings.

Obama pitches spending and tax incentives in Ohio

Wed, 08 Sep 2010 01:16:59 -0400

WASHINGTON (Reuters) - President Barack Obama will push billions of dollars in new business tax incentives and spending on big construction projects on Wednesday, as he tries to convince a balky Congress to pass measures intended to spur the economy and create jobs.

HP sues to stop ex-CEO Hurd joining Oracle

Tue, 07 Sep 2010 19:39:50 -0400

SAN FRANCISCO (Reuters) - Hewlett-Packard Co sued former Chief Executive Mark Hurd and asked a court to block him from joining Oracle Corp, saying his hiring by the rival technology firm puts HP's trade secrets "in peril."

Japan's intervention hints fail to stop yen rally

Wed, 08 Sep 2010 02:20:58 -0400

TOKYO (Reuters) - Japan's government sharpened its rhetoric on foreign exchange intervention on Wednesday as a rise in the yen to a 15-year high underlined concerns that the currency's strength could threaten the economic recovery.

Foster's knocks back $2.5 billion offer for wine

Wed, 08 Sep 2010 03:47:21 -0400

MELBOURNE (Reuters) - Foster's Group Ltd , Australia's largest brewer, knocked back an offer worth up to $2.5 billion for its wine business as too cheap, but the approach could flush out offers for the entire group.

Sinochem approaches Temasek on Potash bid

Wed, 08 Sep 2010 01:57:50 -0400

TORONTO/SINGAPORE (Reuters) - China's state-owned Sinochem Corp has invited Temasek, the Singapore sovereign wealth fund, to join a consortium that may bid for Canada's Potash Corp , the world's largest fertilizer supplier, sources with knowledge of the matter said on Tuesday.

BP probe to spread blame for spill: report

Wed, 08 Sep 2010 01:19:49 -0400

HOUSTON (Reuters) - BP Plc's internal probe of the deadly April 20 blowout that unleashed the massive Gulf of Mexico oil spill will assign blame to BP as well as other companies involved in the well's operations, The Wall Street Journal reported on Tuesday.

Google to start TV service in U.S. this autumn

Tue, 07 Sep 2010 14:36:51 -0400

BERLIN (Reuters) - Google Inc will launch its service to bring the Web to TV screens in the United States this autumn and worldwide next year, its chief executive said, as it extends its reach from the desktop to the living room.

SEC probes "quote stuffing" practices: Schapiro

Tue, 07 Sep 2010 14:13:10 -0400

NEW YORK (Reuters) - U.S. regulators are probing certain practices around "quote stuffing," where large numbers of rapid-fire stock orders are placed and canceled almost immediately, Securities and Exchange Commission Chairman Mary Schapiro said on Tuesday.

Dollar to maintain its dominance: China minister

Wed, 08 Sep 2010 00:52:45 -0400

XIAMEN, China (Reuters) - The dollar will remain the world's dominant currency for a long time, and the yuan will only gradually emerge as an alternative, Chinese Commerce Minister Chen Deming said on Wednesday.

U.S. says not considering NATO Afghan troop request

Tue, 07 Sep 2010 21:32:11 -0400

WASHINGTON (Reuters) - The United States does not plan to contribute to a NATO request for 2,000 troops for the Afghan war, the Pentagon said on Tuesday, even as the head of the alliance held out the possibility of U.S. participation.

U.S. religious leaders condemn "anti-Muslim" frenzy

Tue, 07 Sep 2010 22:25:47 -0400

WASHINGTON (Reuters) - U.S. religious leaders on Tuesday condemned an "anti-Muslim frenzy" in the United States, including plans by a Florida church to burn a Koran on September 11, an act a top general said could endanger American troops abroad.

Australian government prepared to adjust mining tax

Wed, 08 Sep 2010 03:43:30 -0400

CANBERRA (Reuters) - Australia's fragile Labor government suggested on Wednesday it could adjust a planned profits-based tax on mining companies to bend to demands of the independent MPs giving it a slender grip on power.

Japan's Ozawa: may need debt issue for econ steps

Wed, 08 Sep 2010 04:13:12 -0400

TOKYO (Reuters) - Japanese powerbroker Ichiro Ozawa, who is challenging Prime Minister Naoto Kan in a September 14 ruling party leadership race, said on Wednesday it may be necessary to consider debt issuance for economic steps if the situation worsens.

Police beat customers at crisis-hit Afghan bank

Wed, 08 Sep 2010 03:42:32 -0400

KABUL (Reuters) - Afghan security forces used batons on unruly customers scrambling to withdraw their savings on Wednesday from a branch of the graft-hit Kabulbank, the country's biggest private financial institution.

Test for Aquino as Philippine massacre trial starts

Wed, 08 Sep 2010 04:03:34 -0400

MANILA (Reuters) - The trial of a former mayor accused of masterminding the massacre of family members of a rival politician and dozens of journalists started in the Philippines Wednesday, a key test of the government's commitment to law and security.

Mexican media cowed by drug violence: committee

Wed, 08 Sep 2010 00:23:39 -0400

MEXICO CITY (Reuters) - In January, gunmen kidnapped, tortured and shot dead Mexican reporter Valetin Valdes before dumping his body outside a motel, an apparent reprisal for having identified a drug lord in his newspaper.

Thai plane searched in L.A. after bomb threat

Wed, 08 Sep 2010 04:06:56 -0400

LOS ANGELES (Reuters) - Investigators found no evidence of a bomb aboard a Thai Airways flight on Tuesday after a written threat was discovered in a lavatory shortly before its arrival in Los Angeles, officials said.

U.S. team to discuss North Korea in Seoul, Tokyo, Beijing

Wed, 08 Sep 2010 00:34:47 -0400

WASHINGTON (Reuters) - A U.S. government team will travel to Seoul, Tokyo and Beijing next week to discuss North Korea but has no plans to visit the poor, isolated state or meet its officials, the State Department said Tuesday.

Blast rips through Mexico oil refinery, kills one

Tue, 07 Sep 2010 20:59:25 -0400

CADEREYTA, Mexico (Reuters) - An explosion ripped through a major Mexican refinery on Tuesday, killing one worker and pushing gasoline and diesel prices higher on worries state oil monopoly Pemex will have to import more fuel.

CNBC special report: One nation, overweight

Tue, 18 May 2010 18:45:36 GMT

Reversing an epidemic of childhood obesity will require the combined efforts of families, schools and the food and beverage industries, health advocates say. A CNBC Special Report.

CNBC: Aging boomers face stark economics

Thu, 4 Mar 2010 18:12:07 GMT

The recession, though devastating, will pass.  But rising health care costs as baby boomers age may bring lasting harm to that generation’s financial well-being.

CNBC: Two economic bubbles defined his life

Fri, 11 Dec 2009 16:19:22 GMT

Entrepreneur John McAfee's story weaves through not one, but two bubbles that defined the economy as the old millennium ended and the new one began.

CNBC: Google searches for mobile edge

Thu, 3 Dec 2009 22:46:55 GMT

With more than four billion mobile phones worldwide, and a billion sold in 2008 alone, Google is hard at work on grabbing a big piece of that market. CNBC Special Report.

CNBC: Coke looking for the next real thing

Thu, 12 Nov 2009 13:32:13 GMT

with sales its flagship product flat, the company is scrambling to find the next blockbuster beverage. CNBC Special Report.

CNBC: GE in talks to spin off NBC Universal

Thu, 1 Oct 2009 19:40:45 GMT

GE is in talks to spin off its NBC Universal unit;  Comcast would hold a 51 percent stake in the new company, according to people familiar with the talks. CNBC’s David Faber reports.

Battle over wages brews at Wal-Mart

Thu, 24 Sep 2009 15:15:23 GMT

Since its founding , retail giant Wal-Mart has blocked unions from its work force. But a bill before Congress could make that task more difficult. CNBC’s David Faber reports.

CNBC report: Ultimate Fighting

Fri, 31 Jul 2009 15:32:42 GMT

The sport of mixed martial arts was once too hot to handle. But Ultimate Fighting Championship impresario Dana White turned UFC into a fistfull of dollars.  C NBC reports.

CNBC Special Report: As Seen On TV

Wed, 22 Apr 2009 12:31:27 GMT

Thirty years ago, the Ginsu knife helped launched the modern-day infomercial – a business that has thrived with the struggling economy. CNBC reports.

Special Report: Cruise Inc.

Wed, 25 Mar 2009 15:46:49 GMT

In today's turbulent economy, the multi-billion dollar cruise industry is investing in pricey overhauls to keep older vessels ship-shape for repeat customers. CNBC reports.

‘fallen off a cliff’

Mon, 9 Mar 2009 21:29:05 GMT

Billionaire Warren Buffett said unemployment will likely climb a lot higher depending upon how effective the nation’s policies are, but he remains optimistic over the long term.

CNBC on the new black overclass

Fri, 27 Feb 2009 00:24:29 GMT

CNBC takes a closer look at 'Newbos' - a new class of black multimillionaires, mostly under the age of 40, who have built wealth and influence in sports, entertainment and media.

Housing boom was a house of cards

Fri, 13 Feb 2009 16:04:07 GMT

In a special two-hour report, CNBC's David Faber takes an in-depth look at the causes of the ongoing collapse of the housing industry.

Marijuana growers thrive in California

Thu, 22 Jan 2009 22:29:39 GMT

The marijuana trade is an exploding industry in Northern California's 'Emerald Triangle' thanks to a state law  legalizing the harvest of limited quantities of pot. CNBC's Trish Regan reports.

Obama says stimulus proposal could grow

Thu, 8 Jan 2009 12:29:51 GMT

In an interview with CNBC, President-elect Barack Obama said a planned economic stimulus plan could grow beyond $800 billion.

’s Barack Obama interview

Thu, 8 Jan 2009 00:13:35 GMT

Below is the transcript of CNBC's John Harwood's Jan. 7 interview with President-elect Barack Obama.

Porn industry seeks own stimulus ... package

Thu, 8 Jan 2009 02:45:02 GMT

Seems everyone is lining up for a government handout, but in the case of the porn industry, you may wonder where the hands have been.

A look inside the 'West Point' of capitalism

Mon, 22 Dec 2008 19:58:20 GMT

For 100 years, it's been one of the most influential schools in the world. But what's it really like to go to Harvard Business School? CNBC takes a look in this special report.

McDonald's has a big appetite for China

Fri, 15 Aug 2008 21:18:25 GMT

McDonald’s has found a formula for success in China – but it hasn’t been an easy recipe.  . By CNBC's Wally Griffith.

Greenspan: Economy 'on the brink' of recession

Thu, 31 Jul 2008 20:49:05 GMT

Former Fed Chairman Alan Greenspan said that the housing market is “nowhere near the bottom” and that the economy is “right on the brink” of slipping into recession.

At 85, Sumner Redstone is still going strong

Mon, 21 Jul 2008 16:21:28 GMT

Sumner Redstone has done more in the two decades since he turned 65 than most people do in a lifetime.  And the Chairman of CBS and Viacom says he  has no plans to step down.

L.A. is home to new rush of oil drilling

Fri, 18 Jul 2008 19:53:17 GMT

With oil prices so high, all over Los Angeles people are digging, or restarting, wells. Beverly Hills is one of the city's most fertile fields, producing nearly a million barrels a year.

Cutting the cost of a $77,000 fill-up

Fri, 11 Jul 2008 00:50:49 GMT

As manager of flight operations efficiency, Scott Turner is the man American Airlines has tapped to make sure its fleet of 700 aircraft uses every drop of fuel as efficiently as possible. 

’s fortune built on a simple idea

Wed, 9 Jul 2008 11:28:30 GMT

If you think robots are the stuff of science fiction, try telling that to the man who’s made a fortune building them.  CNBC's Business Nation reports.

Who are the Super Rich?

Tue, 24 Jun 2008 20:24:07 GMT

A new class of Super Rich Americans live virtually untouched by the current economic downturn, indulging in a parallel world of luxury.

Baseball bat maker still hitting home runs

Mon, 16 Jun 2008 22:38:20 GMT

The famed the Louisville Slugger isn’t just a hunk of wood. For major leaguers, having your name burned on one of these storied baseball bats is the ultimate stamp of success.

Working Magic off the basketball court

Tue, 6 May 2008 14:05:32 GMT

After a storied NBA career, Magic Johnson has assembled a business empire worth more than $700 million by opening upscale stores in the inner city.  By CNBC's Ian P. Paisley.

— with a twist

Mon, 28 Apr 2008 01:04:16 GMT

When a man named Gerry Shreiber took over a failing pretzel company in 1971, he had no idea it would become a Super Pretzel empire. CNBC's Business Nation reports on how he made his millions.

Golf transforms a blighted neighborhood

Tue, 22 Apr 2008 11:29:52 GMT

For years, the East Lake housing project in Atlanta was one of the worst places in America – crumbling and crime-ridden. CNBC reports that the game of golf -  traditionally exclusive, traditionally white - became the driving force in turning around the neighborhood.

Welch slams GE's Immelt over earnings miss

Wed, 16 Apr 2008 19:59:17 GMT

Former General Electric Co. chief executive Jack Welch said he would “get a gun out and shoot” his successor, Jeffrey Immelt, if he allowed GE to miss earnings targets again.

Economy puts RV sales in the slow lane

Wed, 16 Apr 2008 14:32:16 GMT

With  gas prices going up, consumer confidence going down, and credit getting tighter, Winnebago Industries is sputtering in the slow lane.  CNBC's Brian Schactman reports.  

’s oil boom

Mon, 7 Apr 2008 20:29:29 GMT

With oil prices hovering near a hundred dollars a barrel, there’s a major oil boom underway in the frozen Canadian tundra where oil producers are developing a new source of fossil fuel. 

CNBC Business Nation: Are you insured?

Mon, 3 Mar 2008 20:14:30 GMT

Insurance companies now posting record profits say they're just having a few good years. But critics say the companies are charging more for premiums and cutting back on coverage - leaving some homeowners in the lurch.

Buffett says U.S. in recession, stocks not cheap

Mon, 3 Mar 2008 16:31:29 GMT

Billionaire Warren Buffett said Monday that the U.S. economy is essentially in a recession even if it hasn’t met the technical definition of one yet.

CNBC special: Swoosh! Inside Nike

Tue, 12 Feb 2008 20:54:36 GMT

Long after the end of his legendary basketball career, Michael Jordan continues to drive sales for footwear giant Nike.  A CNBC special report.

’s swimsuit business

Tue, 12 Feb 2008 18:14:41 GMT

Feb. 12: American supermodel Marisa Miller, cover model for the 2008 Sports Illustrated Swimsuit Issue, talks to CNBC’s Darren Rovell. (CNBC)

Bond insurers reject Buffett's $800B offer

Wed, 13 Feb 2008 00:32:28 GMT

Warren Buffett's offer to help insure municipal bonds assuaged some of the broader market's credit concerns Tuesday, but the troubled bond insurers may have little interest in the offer.

Patriots owner opens up his playbook

Sun, 27 Jan 2008 23:36:22 GMT

New England Patriots owner Robert Kraft talks to CNBC about the teams' winning record, the run to the Super Bowl and the 'Spygate' controversy.

Video: Fed makes emergency rate cut

Tue, 22 Jan 2008 16:22:44 GMT

Jan. 22: Responding to a growing financial market crisis, the Fed slashed interest rates by three-quarters of a percentage point Tuesday. (CNBC)

Video: Paulson speaks on markets, economy

Tue, 22 Jan 2008 13:29:38 GMT

Jan. 22: With global markets tumbling, U.S. Treasury Secretary Henry Paulson comments on the markets and the economy Tuesday. (CNBC)