CNBC.com's News Now: GE & the Olympics

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Thursday, Aug. 07, 2008

1. Citigroup Settlement 2. AIG Reports Loss, More Write-Downs 3. GE & the Olympics 4. Maria's Market Message 5. Big Brother Car Insurance Pending Home Sales Good, But Here's Reality Of It All The number of signed housing contracts rose in June, but there are other factors to consider before declaring a real housing bottom... Click here to read more.

LET THE GAMES BEGIN: Rain or shine, the opening ceremony will kick of the Summer Olympics in-full. Darren Rovell and Carl Quintanilla continue their live coverage in Beijing. Polo Ralph Lauren has designed the outfits the U.S. athletes will be wearing for the Opening ceremony. Darren previews the clothing and discuss what the exposure means to the company's bottom line and how it could turn into this years Roots. FANNIE MAE EARNINGS: Fannie Mae, the troubled GSE, releases its earnings days after its peer, Freddie Mac, reported enormous losses that were much worse than estimates. Can Fannie avoid a similar fate? BERKSHIRE HATHAWAY EARNINGS: Warren Buffett's Berkshire Hathaway reports quarterly numbers after the bell. How's the Oracle of Omaha navigating the credit crunch? GIVING IN THE HAMPTONS: Tough times are forcing non-profits to fundraise in different ways, not only to lock in donations, but to edge out other non-profits also jockeying for donations. These days, it's not just about high-priced dinner galas. Even in wall street's vacation land of the Hamptons, times are a-changing. Portfolio Watchlist Insider Trends Financial Glossary Stock Screeners Fund Screeners Earnings Screeners

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