Latest US Business News
RSS-
How the Dow Jones industrial average and other major indexes fared Friday
Major stock indexes closed out their first weekly loss in a month in quiet trading Friday. Both the Dow and S&P 500 had their first weekly losses since the week ending April 19. A disappointing manufacturing report out of China and a sharp fall in Japan's stock market rattled investors' nerves this week. But anxiety over the Federal Reserve's bond-buying program was the main ...
-
Tech Stocks Salesforce Google losses hit tech stocks
SAN FRANCISCO (MarketWatch) -- A sharp drop in shares of Salesforce.com sparked a slump across the corporate-software-vendors group and led the broader tech sector into the red ...
-
Microsoft refutes reports about Xbox One used game sales
Xbox One unveiling Tuesday, gamers have wondered how Microsoft will handle the resale of used games for the system. In the absence of a clear answer, speculation and rumors have flooded the Web. Microsoft is now telling gamers that the speculation and rumors aren't true. But it's not saying what the new policy will ...
More US Business News
RSS-
Why arent more homeowners selling
The share of San Diego County borrowers who are underwater on their mortgages continues to fall due to home-price gains, says a recent analysis from real estate website Zillow. So why aren't more homeowners freed from negative equity listing their homes in this supply-constrained ...
-
Oil ends week down 2 pct on tepid demand outlook
NEW YORK -- The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program.The loss Friday was just 10 cents, to $94.15 a barrel. But four straight losses resulted in a weekly decline of $1.87 a barrel for the benchmark oil contract.The global economic ...
-
Investors shift focus to growth stocks
NEW YORK - Growth stocks, neglected at the start of the year, are starting to get a bit of love from investors again.The best returns in the Standard & Poor's 500 index over the past month have been posted by technology companies. Industrial companies as well as banks and insurers are also performing better. By contrast, gains for utilities and consumer staples companies - safe-play ...
-
Government creditors object in CODA bankruptcy
DOVER, Del. - Attorneys for the federal government and unsecured creditors have filed objections to electric car maker CODA Holdings' bankruptcy plans.Court papers filed Friday argue that CODA's bankruptcy financing and sale plans unfairly benefit a group of debtors seeking to acquire the company.Lenders led by a Fortress Investment Group affiliate are proposing a credit bid of $25 ...
-
Microsoft Cleared of Xbox Patent Violation
Motorola Mobility, which is owned by Google, had asked the US International Trade Commission in 2010 to halt the import of the device due to the alleged patent violation. The case was part of a broader patent war between the companies. Microsoft claims that phones running Google's Android software violate its patents, while Google says ...
-
Unexpected Health Insurance Rate Shock-California Obamacare Insurance Exchange Announces Premium Rates
English: Barack Obama signing the Patient Protection and Affordable Care Act at the White House (Photo credit: Wikipedia) Every now and again, a political pundit is required to stand up and admit to the world that he or she got it wrong. For me, this would be one of those moments. For quite some time, I have been predicting that Obamacare would likely mean higher insurance rates in the ...
-
787 Delays Continue To Boost Airbus
As Boeing resumes 787 deliveries and returns the current fleet of 50 Dreamliners to service, attention has focused on what kind of reception the jet will receive. Boeing's battery fix didn't identify a root cause of the two high-profile overheat incidents; Boeing is merely installing a battery cell isolation and containment system to reduce the likelihood of such an event and to ...
-
China Considers Luxury Tax
Luxury products have become an important niche in the booming China consumer story. And as part of the country's tax reform plans this year, they could get hit with the first ever luxury tax, said Kong Jingyuan, a director-general at the National Development and Reform Commission. The guidelines for tax reforms were published by the Central Government on ...
-
Rivaroxaban Gains Approval In Europe For ACS Indication
) has been approved in Europe for the prevention of atherothrombotic events (cardiovascular death, myocardial infarction or stroke) following an acute coronary syndrome (ACS). The drug was approved at a dose of 2.5 mg twice-daily and should be used in combination with standard antiplatelet therapy. Rivaroxaban is now the only oral anticoagulant to receive an ACS ...
-
Why Googles Display Ad Business Drew FTC Antitrust Probe
probe of its display-ad business . This comes as little surprise to anyone who has been watching the search advertising giant's quiet but steady rise in the past few years in the business of placing banner and video ads on websites. But it's also no sure thing that this probe will go any further than the last one. According to ...
-
Lafley at PG Ullman at Penney When Does It Make Sense to Rehire the CEO
Steve Jobs and Harold Schultz have carried it off brilliantly Yesterday Procter & Gamble made the surprise announcement that A.G. Lafley, 65, who successfully ran the 175-year-old Cincinnati consumer products company from 2000 to 2009, would resume the top job, replacing CEO Bob MacDonald, who took over from Lafley. Activist ...
-
Fast-Money Crowd Dumped Cray Good For Us
CRAY ) might suggest that this stock - heir to the supercomputing empire founded by Seymour Cray - is anything but a 'buy'. True, it's trading at a measly 4.3 times trailing 12-month earnings, a ...
-
Bidding Wars Are Back 10 Tips to Win The War For Your Dream Home
In the "new normal" that is the current housing market, prices aren't what they were at their peak, but inventory is at historic lows. Those factors are creating a 'perfect storm' of bidding wars between potential buyers. Here are 10 tips on how to become the most desirable buyer you can be - and create an compelling offer that wins the multiple offer ...
-
Watching Risk-Reward Ratios Economic Data Still Positive - But Rate is Slowing
Risk-reward ratios are on our radar screen these days as we review the most recent economic data against the backdrop of recent market movement. This is not to say that we are in any way suggesting a top, a bear market, or even that a correction is on the horizon, even taking into account this past week's movement and volatility--although each of these scenarios remains a possibility. At ...
-
Energy MLPs acquire so they can borrow cheaply... and do more deals
A pumpjack in Texas (Photo credit: Wikipedia) The recent $7 billion merger of two midstream energy companies, Crestwood Midstream and Inergy, provides a window into a trend we'll be seeing more of, according ...
-
Top 10 Places To Be Born In 2013
Australia's looking pretty good...Where you were born is almost as important as to whom and during what time period. Bill Gates could have only been the computer geek success story he was because he was born and educated in the U.S. at a time in history when clunky computers were costly and far from user friendly. If he was born in Russia, a high tech nation in its own right, he would not ...
-
Banks Violated Mortgage Pact NY AG
Wells Fargo and other banks violated the terms of a settlement designed to end mortgage servicing abuses. Schneiderman, who has said he plans to sue Bank of America and Wells Fargo for failing to live up to their obligations under the deal, said other states had found similar problems. "Several other states have identified similar recurring deficiencies by the participating servicers," ...
-
A First Per-Student Spending Declines
The amount of money spent per public school student fell in 2011 for the first time since the Census Bureau began keeping records more than three decades earlier, as economic woes finally caught up with educational realities. "This is clearly the fallout from the Great Recession," said Michael Petrilli, executive vice president of the Thomas B. Fordham Institute, a conservative ...
-
Xbox One uncertainty earnings drag down GameStop
Xbox 360 games won't work with the Xbox One Neither of those factors are pleasing investors, who had sent shares soaring more than 100 percent over the past 12 months through last Friday. GameStop's shares tumbled 11 percent Friday to $32.10, putting the week's drop at 19 percent. Particularly worrisome is what GameStop's business will look like if it becomes more ...
-
John Shinals Tech Investor Can Marissa Mayer leave those crazy kids alone
How should Yahoo's Marissa Mayer, a CEO in her late thirties, manage a millennial dude like Adam Karp, the idealistic founder of ...
-
Mark Hulbert How to pick post-stock-split winners
But try telling that to Neil Macneale, editor of an investment-advisory service called "2 for 1," whose model portfolio contains only those stocks that have recently split their shares, holding them for 30 months. Over the past decade, according to the Hulbert Financial Digest, that portfolio has produced a 13.7% annualized return, far outpacing the 8.0% gain of the Standard & ...
-
Back up your DVDs with free BDlot ISO Master
iTunes . There wasn't a shiny silver platter in sight. That said, lots of folks have giant DVD libraries, and with good reason. DVDs are cheap. They work great in minivans that have DVD players. And, um, oh, what was that third one again? I can'tsorry. Oops. I kid, I kid. I'm just jokingly making the case for why you might ...
News from around our Network
