CNBC News

After more than a century in business, Timken Steel was in a state of crisis. The energy and commodity markets tumbled in 2015 and 2016, taking Timken Steel and other producers down with them. During that time, Timken Steel was running at less than 50 percent capacity. No longer profitable, […]

Disney is going to have to step up its game if it wants to compete with Netflix, said Rich Greenfield, media and tech analyst at BTIG. “We just want Disney to embrace the future and go all in,” Greenfield said Monday on CNBC’s “Fast Money.” “There’s no putting your toe […]

OPEC wants to have an open dialogue with upstart U.S. shale drillers and learn from oil market players, after the most painful downturn in six oil price cycles. OPEC Secretary General Mohammad Barkindo said he planned to meet Monday evening with shale produces, after an initial meeting at the conference […]

OPEC wants to have an open dialogue with upstart U.S. shale drillers and learn from oil market players, after the most painful downturn in six oil price cycles. OPEC Secretary General Mohammad Barkindo said he planned to meet Monday evening with shale produces, after an initial meeting at the conference […]

Restaurant discovery platform The Infatuation says it has entered into an agreement with Google to purchase Zagat, known for its heavily-quoted, crowd-sourced restaurant reviews in the pre-internet era. Financial details of the deal were not disclosed. The Infatuation said Monday it would operate Zagat as a separate brand while expanding […]

With all the ruckus around free trade, CNBC’s Jim Cramer didn’t want investors to miss what he called “one of the greatest stories of the era:” the comeback of the personal computer. “It’s a tough narrative to swallow,” the “Mad Money” host admitted on Monday. “I myself didn’t believe in […]

Check out the companies making headlines after the bell Monday: Nordstrom stock fell nearly 3 percent after hours. Members of the Nordstrom family proposed an offer to take the company private, but the special committee to the board rejected the acquisition proposal. The Special Committee believed the proposed price was […]

President Donald Trump‘s proposed tariffs could lead to the loss of jobs in the manufacturing industry, Republican Rep. Jackie Walorski told CNBC on Monday. Employees right now are looking at “jobs potentially leaving, orders in the queue [and] expansion plans downsized. There is a cost to this,” said Walorski, who […]

Tim Timken of TimkenSteel Corporation said PresidentDonald Trump‘s proposed steel tariffs “absolutely will” bring back jobs to the U.S. In the steel company’s Canton, Ohio, facilities, only two people work per shift. The rest of the company, which manufactures and markets bearings and other accessories in 28 countries around the […]

The United States could negotiate bilateral trade deals to replace the three way North American Free Trade Agreement if needed, U.S. Trade Representative Robert Lighthizer said on Monday, adding that time was running “very short.” Lighthizer said all parties needed to move more quickly to conclude the NAFTA renegotiation. He […]