Housing recovery boosts Home Depot 1Q results
2013-05-21 17:28:21 UTC
NEW YORK (AP) — Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
Its quarterly results topped Wall Street expectations, and the world's biggest home impro...
Actavis buying Warner Chilcott in $8.5B deal
2013-05-20 17:34:19 UTC
NEW YORK (AP) — Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.
The announcement Monday comes after the companies...
Brazil approves law to modernize ports
2013-05-18 05:07:05 UTC
SAO PAULO (AP) — Brazil plans to modernize and expand its overcrowded ports, attract private investments to the sector and make it easier for companies to hire skilled foreign workers, in a bid to spur economic growth,
The Brazilian Congr...
A late fade on Wall Street; Wal-Mart, Disney slump
2013-05-17 04:14:49 UTC
NEW YORK (AP) — Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday.
There was plenty of discouraging news. Applications for unemployment benefits rose last week and...
German economy returns to modest growth
2013-05-15 06:39:09 UTC
BERLIN (AP) — The German economy, Europe's biggest, returned to very modest growth in the first quarter and avoided a recession.
Germany's Federal Statistical Office said Wednesday that the economy grew by a slight 0.1 percent in the January-...
Stocks mixed as retail sales unexpectedly rise
2013-05-13 17:32:03 UTC
NEW YORK (AP) — A record-breaking rally in stocks stalled Monday as investors assessed whether stock valuations were overstating the improvement in the economy.
Stocks started the day lower even after the government reported t...
US retail sales rise in April on cars, clothing
2013-05-13 17:28:23 UTC
WASHINGTON (AP) — Americans increased their spending in April at retail businesses, buying more cars and clothes while paying less for gas. The rebound from a weak March suggests consumers may help boost economic growth again this sp...
Mark Zuckerberg's Group Loses High-Profile Backers Elon Musk, David Sacks
2013-05-11 18:13:51 UTC
WASHINGTON -- Billionaire eco-entrepreneur Elon Musk announced on Friday that he was quitting Facebook founder Mark Zuckerberg's immigration advocacy group, upset over its controversial political strategy.
Fwd.us told The Huffington Post that a...
US jobless aid applications fall to 5-year low
2013-05-10 05:00:19 UTC
WASHINGTON (AP) — The number of Americans who applied for unemployment benefits fell by 4,000 last week to a seasonally adjusted 323,000, a five-year low. Layoffs have returned to pre-recession levels, a trend that could lead to more h...
US factory orders down 4 percent in March
2013-05-03 17:15:22 UTC
WASHINGTON (AP) — Orders to U.S. factories fell in March by the largest amount in seven months but a key category that signals business investment plans managed a small increase.
Factory orders dropped 4 percent in March, reflecting a big...
US service firms grew more slowly in April
2013-05-03 17:13:55 UTC
WASHINGTON (AP) — A survey of U.S. service firms says the sector expanded at a slower pace in April than March, as companies reported less business activity and couldn't raise their prices.
The Institute for Supply Management said Friday ...
US employers add 165K jobs; rate falls to 7.5 pct.
2013-05-03 17:11:40 UTC
WASHINGTON (AP) — The U.S. economy showed last month why it remains the envy of industrialized nations: In the face of tax increases and federal spending cuts, employers added a solid 165,000 jobs in April — and far more in February and Marc...
Stocks gain after unemployment claims fall
2013-05-02 19:11:15 UTC
NEW YORK (AP) — Encouraging news about the job market and higher profits from CBS, Facebook and other companies lifted stocks Thursday.
Signs of increased hiring have supported this year's surge in stocks and pushed the market to record...
Oil slips as US growth lags expectations
2013-04-26 17:30:41 UTC
NEW YORK (AP) — The price of oil slipped after two days of strong gains as U.S. economic growth was slightly slower than expected.
By midday in New York Friday, benchmark oil for June delivery was down $1.18, or 1.3 percent, to $92.46 a b...
Stocks mostly lower on tepid US economic growth
2013-04-26 17:28:21 UTC
NEW YORK (AP) — The stock market sputtered Friday after the U.S. economy didn't grow as much as hoped. Neither did earnings from a handful of big companies like Amazon.com.
The economy grew at an annual rate of 2.5 percent in the first ...
S&P nears record as home price surge lifts stocks
2013-03-26 23:18:54 UTC
NEW YORK (AP) — More good news on the economy Tuesday drove the Standard & Poor's 500 index to within two points of its record closing high.
The S&P rose 12.08 points, or 0.8 percent, to 1,563.77. Its record close of 1,565.16 ...
Oil rises on auspicious US economic data
2013-03-26 20:02:42 UTC
NEW YORK (AP) — The price of oil climbed above $96 a barrel Tuesday after fresh U.S. economic data suggested the world's largest economy keeps recovering.
Benchmark crude for May delivery gained $1.53 to finish at a five-week hi...
Housing, manufacturing give US economy lift
2013-03-26 19:35:59 UTC
WASHINGTON (AP) — Gains in housing and manufacturing propelled the U.S. economy over the winter, according to reports released Tuesday, and analysts say they point to the resilience of consumers and businesses as government spendi...
Bernanke: Low interest-rate-policies benefit trade
2013-03-25 18:22:28 UTC
WASHINGTON (AP) — Chairman Ben Bernanke said Monday that the Federal Reserve's low-interest-rate policies are helping to boost growth around the world and have created markets for products made in developing nations.
In a speec...
Tiffany 4Q net income rises less than 1 pct
2013-03-23 17:06:28 UTC
NEW YORK (AP) — Tiffany says its fourth-quarter net income edged up less than 1 percent, but still beat Wall Street predictions as strong customer demand in Asia for its pricey baubles offset weakness in the U.S.
The upscale jewe...
Marin Software rises in debut on the NYSE
2013-03-22 16:28:00 UTC
NEW YORK (AP) — Shares of Marin Software climbed nearly 27 percent in their first day as a publicly traded company.
The software company's stock rose $3.76, or 26.9 percent, to $17.76 in morning trading.
Marin Software Inc. raised $1...
Asian markets muted amid Cyprus uncertainty
2013-03-22 04:18:50 UTC
HONG KONG (AP) — Japanese stocks tumbled Friday as investors were disappointed by a lack of specifics from the new central bank chief on boosting the economy while other Asian markets fluctuated because of uncertainty over Cyprus...
US homes sales highest in more than 3 years
2013-03-21 17:10:18 UTC
WASHINGTON (AP) — U.S. sales of previously occupied homes rose in February to their fastest pace in more than three years, and more people put their homes on the market. The increases suggest a growing number of Americans believe ...
Weak Oracle sales, Cyprus fears weigh on US shares
2013-03-21 17:08:05 UTC
Stocks fell on Wall Street Thursday as Oracle's weak sales results weighed down big U.S. technology companies. Traders worried about Cyprus running out of time to avoid bankruptcy.
Major indexes followed European markets lower ...
JPMorgan, MF Global trustee reach agreement
2013-03-20 06:40:05 UTC
NEW YORK (AP) — JPMorgan Chase has agreed to a deal that will return $546 million to former customers of trading firm MF Global Holdings Ltd., which collapsed in 2011 with $1.6 billion missing from its accounts.
MF Global failed in Octo...