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Search results for "CNBC"



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Bad news, beer lovers! CEO says price hikes coming

Brews are about to get more expensive at this sports bar chain.
Source: CNBC.com | By: Katie Little
Dick Bove: BofA price to double, here's why

Despite its myriad troubles and doubters on Wall Street, Bank of America has a friend in Dick Bove.
Source: CNBC.com | By: Jeff Cox
Middleburg Financial posts 2Q profit

MIDDLEBURG, Va. _ Middleburg Financial Corp. on Wednesday reported second-quarter net income of $2.3 million. Middleburg Financial shares have climbed slightly since the beginning of the year. Keywords: Middleburg Financial, Earnings Report.
Source: The Associated Press
UPDATE 3-Volkswagen lowers sales goal as China growth slows down

VW expects China sales growth to grind to halt. BERLIN, July 29- Volkswagen lowered its global sales forecast on Wednesday and said it was braced for stagnant volumes in China, after years of double-digit growth in its biggest market. The German carmaker, which overtook Toyota as the world's largest carmaker by sales in the first half of this year, has long seen...
Source: Reuters
First Citizens posts 2Q profit

RALEIGH, N.C. _ First Citizens BancShares Inc. on Wednesday reported second-quarter net income of $44.5 million. The Raleigh, North Carolina- based bank said it had earnings of $3.71 per share. Keywords: First Citizens BancShares, Earnings Report.
Source: The Associated Press
GSK jumps 3% on strong EPS; Advair sales slump

GlaxoSmithKline shares jumped 3 percent after the U.K.-listed pharmaceutical giant reported second-quarter earnings per share that were slightly higher than forecast on Wednesday.
Source: CNBC.com | By: Katy Barnato
PREVIEW-Brazil's Vale back to profit after three losses in a row

RIO DE JANEIRO, July 29- Brazilian miner Vale SA will likely announce its first profit in a year when it publishes second-quarter results on Thursday, bolstered by a recovery in iron ore prices during the period, a survey of analysts showed. The price of iron ore has halved over the past 12 months, touching its lowest level in over a decade, as supply from new mines...
Source: Reuters | By: Marta Nogueira and Stephen Eisenhammer
UPDATE 2-General Dynamics profit beats estimates; full-year outlook raised

July 29- General Dynamics Corp, which makes ships, tanks and business jets, reported higher-than-expected quarterly results and sharply raised its full-year profit outlook on Wednesday, sending its shares up as much as 6 percent to a record high. General Dynamics said a rebound in demand for its Gulfstream business jets from S&P 500 companies was particularly...
Source: Reuters | By: Andrea Shalal
With Grexit narrowly avoided, some banks say buy Greek bonds

LONDON, July 29- It is barely two weeks since Greece was on the brink of crashing out of the euro, yet some investment banks are now encouraging investors to return to its bond market. Although question remain over whether Greece will be able to stick to the terms of a new deal or will be back at the ballot box within the year, markets have breathed a collective sigh of...
Source: Reuters | By: John Geddie
Blue-collar Buffetts: $60M and still climbing

Glenn Fedale on how he turned a summer job working in the gutters into a $60 million roofing and real estate fortune.
Source: CNBC.com | By: Lauren Flick