Home Prices Slip
Airtime: Wed. Sept. 22 2010 | 11:28 AM ET
Why a drop in housing prices was expected, but not this early, with CNBC’s Diana Olick; Shari Olefson, real estate attorney; and Alex Charfen, Distressed Property Institute CEO.
Airtime: Wed. Sept. 22 2010 | 11:28 AM ET
Why a drop in housing prices was expected, but not this early, with CNBC’s Diana Olick; Shari Olefson, real estate attorney; and Alex Charfen, Distressed Property Institute CEO.
TUI Travel reported widening first-half losses Tuesday. “What we’ve seen is a significant improvement in our second-quarter results,” CEO Peter Long said. “We’ve seen a strong recovery in consumer demand.”
The environment for a cyclical bull market is in place, says Ajay Kapur, head of equity strategy, Asia at Deutsche Bank. However, he tells CNBC’s Martin Soong and Bernard Lo that this is risky entry point for investors.
Profit at Randgold Resources jumped 83% in the first-quarter of 2010 compared to the previous year. Mark Bristow, CEO of Randgold Resources, expects a strong performance in the final quarter.
Rick Van Nieuwenhuyse, CEO of NovaGold, shares his outlook on gold prices and the economy.
Toyota announced a fix for about 2.4 million of its 8 most popular models involved in a safety recall and sales and production suspension. Jim Lentz, president of Toyota U.S.A., discusses the fix with CNBC’s Phil LeBeau.
The Fidelity China Special Situations Fund launched Monday and has managed to raise £460 million. Tom Stevenson from Fidelity told CNBC it was the biggest emerging market fund launch in the last 20 years.