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NEWS ABOUT: CNBC

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Buffett Buys $10.7B in IBM

He now owns 5.5% of the company

(Newser) - Warren Buffett typically shies away from tech companies, but not this year. In an interview on CNBC this morning, Buffett revealed that he’s bought $10.7 billion worth of IBM stock since March, a purchase that had been kept confidential in Berkshire Hathaway’s recent filings. The buy gives... More »

CNBC Anchor Mark Haines Dead at 65

Veteran journalist dies unexpectedly at home

(Newser) - CNBC anchor Mark Haines, whom the network calls a “fixture” on the channel, died unexpectedly last night at his home. Haines, 65, was the founding anchor of the financial network’s Squawk Box morning show and also co-anchored Squawk on the Street. "With his searing wit, profound insight,... More »

On NBC News, Not a Peep About GE Tax Story

But reps say that has nothing to do with the fact that GE is parent company

(Newser) - The GE tax avoidance story was kind of a big one—so why wasn't it covered on NBC News when it broke on Friday ... or on Saturday or Sunday or Monday? Critics were quick to point out that GE is NBC's parent company, but representatives insist that had nothing to... More »

Middle Class Voter to Obama: I'm Still Waiting for Change

Woman fears return to hot-dogs-and-beans era

(Newser) - An angry black middle class voter confronted President Obama at a Town Hall meeting yesterday, saying: "I'm still waiting " for change. The woman, at the meeting arranged and broadcast live by CNBC, said she was "exhausted" defending the president, "exhausted defending the mantle of change that... More »

Yahoo CEO to Tech Blogger: 'F*** Off'

Carol Bartz tangles with Michael Arrington at TechCrunch Disrupt

(Newser) - Yahoo CEO Carol Bartz, never one to mince words, turned up at the TechCrunch Disrupt conference today and wound up telling TechCrunch founder Michael Arrington to "fuck off." The famously potty-mouthed exec didn't like the line of questioning the blogger was pursuing, and she reminded him that he's... More »

Why Rupert Murdoch Won't Buy NBC Stake

The News Corp. mogul is interested, but the deal will likely not go through

(Newser) - Sources tell CNBC Rupert Murdoch wants to add a stake in NBC Universal to his ever-expanding media empire—which could lead to some awkward moments between Bill O’Reilly and Keith Olbermann at the company Christmas party—but it probably won’t happen, writes John Cook on Gawker. Considering the... More »

Obama: Kanye's a 'Jackass'

Off-the-record remark gets on Twitter; rest is history

(Newser) - President Obama got in on the Kanye West-bashing today, calling the rapper a “jackass” for his interruption of country star Taylor Swift during an MTV awards show Sunday. Obama made the remark in an off-the-record portion of an interview with CNBC, the Huffington Post reports, but that didn’t... More »

Your Guide to Today's Jacko Media Orgy

Let the 'freak show' begin

(Newser) - Surprisingly, the elephants entering Staples Center this morning aren’t there for the “Michael Jackson Memorial Orgy of Excess”—but for the circus, opening tomorrow. “That seems completely appropriate,” writes Lisa de Moraes for the Washington Post. As for today’s “freak show,” 16... More »

Dean Gets CNBC Gig

Plan set up before Jon Stewart attacks

(Newser) - Former Democratic National Committee chief Howard Dean is set to become a regular CNBC contributor, the Huffington Post reports—but his appointment had nothing to do with current attacks on the business network, an insider said. “This was in the works long before the Jon Stewart stuff,” a... More »

Stewart 'Incredibly Unfair,' Says NBC Chief

(Newser) - NBC CEO Jeff Zucker said today that Jon Stewart’s Daily Show attacks are “incredibly unfair to CNBC and the business media,” Broadcasting & Cable reports. “CNBC is a spectacular organization and in particular Jim Cramer,” Zucker continued. “What is going on now is absurd.... More »

Stewart's Hit Job Won't Keep 'Clueless Pundits' Off TV

(Newser) - Jon Stewart’s takedown of Jim Cramer and CNBC is indicative of a real, if fleeting, sea change in our attitudes about the economy, Thomas Frank writes in the Wall Street Journal. “The applause Mr. Stewart has received for his j’accuse is the sound of the old order... More »

Help Jim Cramer—Arcade Style

New game lets you fend off Mad Money host's critics

(Newser) - Jim Cramer is facing his share of critics, from Jon Stewart to Fox Business, the San Jose Mercury News reports. Now you can help him defend himself in a new web video game: Jim Cramer’s Crashsteroids. Steer Cramer’s sneering mug as he takes aim at his detractors in... More »

Stewart Took a Cheap Shot at Cramer, CNBC

Even CEOs couldn't predict crisis, let alone analysts covering them

(Newser) - Jon Stewart’s pantsing of Jim Cramer was nothing but a “cheap shot,” writes Richard Cohen in the Washington Post. CNBC’s crew wasn’t covering up the impending crisis, and neither were the CEOs they interviewed. Many, including head honchos at AIG, Lehman Brothers, and Citigroup, lost... More »

Stewart-Inspired Media Watchdog Barks at CNBC

Liberal Media Matters urges network to get tough on Wall Street

(AP) - Jon Stewart's attacks on CNBC have greased the wheels at Media Matters. The liberal watchdog group launched an online petition drive today urging the network to be tougher on Wall Street leaders. It's asking CNBC to hire economic voices with a track record of being right about the current crisis... More »

CNBC Staff 'Furious' at Quiet Cramer

They say he didn't defend the network strongly enough

(Newser) - It's been a tough week for Jim Cramer. After his public skewering from Jon Stewart, colleagues at CNBC are "furious" that he didn't put up a better fight, writes media critic Howard Kurtz of the Washington Post. Nobody goes on the record, but Kurtz says many are upset that... More »

CNBC Ratings Dip After Stewart Smackdown

Last week's figures suggest Daily Show skewering turning viewers off CNBC

(Newser) - Early signs suggest that Jon Stewart may have put a ding in CNBC's ratings, Portfolio reports. Viewership of CNBC's Business Day programming block was down 11% for the first 3 days after Stewart's assault on the network began, although Jim Cramer’s Mad Money pulled somewhat healthier figures outside the... More »

My 401(k) Proves I Could Do Better Than CNBC

(Newser) - He may have gotten only a B in economics, but James Rainey, in the Los Angeles Times, says he can be the next CNBC personality. “There’s got to be a spot for me on one of those chatter fests,” he says, because “I’ve out-performed the... More »

Stewart Owned Cramer

(Newser) - Who won last night’s cable grudge match between Jon Stewart and CNBC’s Jim Cramer? Let’s go to the scorecards:
  • Stewart was the clear winner, clobbering his guest with “homespun, regular-guy relentlessness,” Maureen Ryan writes in the Chicago Tribune. “Cramer didn’t know what hit
... More »

Stewart to Cramer: 'It's Not a Game'

(Newser) - Jim Cramer took his lumps tonight from Jon Stewart in their highly anticipated Daily Show faceoff. "I understand that you want to make finance entertaining, but it's not a game," Stewart told Cramer, adding an expletive. "I can't reconcile the brilliance and knowledge that you have of... More »

For Daily Show Prep, Cramer Consults Martha

(Newser) - In anticipation of his visit with Jon Stewart on tonight’s Daily Show, an admittedly “nervous” Jim Cramer sought counsel today from another Stewart—Martha. “You should be nervous,” the lifestyle maven said on her syndicated show. “He’s fast as lightning.” The Mad Money... More »

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