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Yahoo Shares A Good Buy As Alibaba Nears IPO: Analysts

Wed, 04/16/2014 - 9:12am
Alibaba Group Holding Ltd's surprise surge in revenue and its upcoming IPO present a great opportunity for investors to load up on Yahoo Inc's shares, analysts said.
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U.S. housing starts up but miss forecasts; permits fall

Wed, 04/16/2014 - 9:11am
U.S. housing starts rose but below market expectations and building permits fell in March, pointing to underlying weakness in the housing market that could persist despite improving weather.
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U.S. Energy Dept Offers $4 Billion Loan Aid Plan For Renewable Energy

Wed, 04/16/2014 - 9:04am
The U.S. Energy Department on Wednesday unveiled a plan to offer up to $4 billion in loan aid to renewable energy projects, opening up another round of funding for a program that faced harsh political attacks over past government-backed failures.
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Moelis To Begin Trading After Disappointing IPO

Wed, 04/16/2014 - 8:57am
Shares of investment bank Moelis & Co. , headed by dealmaker Ken Moelis, are set to begin trading on the New York Stock Exchange under the symbol "MC" Wednesday, a day after the firm sold fewer shares than expected in a highly-anticipated initial public offering.
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GM To Seek Court Protection Against Ignition Suits

Wed, 04/16/2014 - 8:47am
General Motors Co said it will ask a U.S. bankruptcy court to bar plaintiffs from proceeding with lawsuits against the automaker for claims related to any actions before it filed for bankruptcy in 2009.
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Johnson Controls to Pay $1.6B for Air Distribution Technologies

Wed, 04/16/2014 - 8:44am
Johnson Controls agreed to a $1.6 billion deal to buy Air Distribution Technologies, adding to the diversified manufacturer’s ventilation business.
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Treasurys Cut Losses After Housing Starts Data

Wed, 04/16/2014 - 8:41am
Treasury prices trimmed losses Wednesday after data showed construction on new homes missed expectations.
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Housing Starts Rise In March To 946,000 Annual Rate

Wed, 04/16/2014 - 8:30am
Rebounding from a tough winter, construction on new U.S. homes in March hit the fastest pace in three months, rising 2.8% to a seasonally adjusted annual rate of 946,000, led by single-family homes, the U.S. Commerce Department reported Wednesday.
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Mt. Gox Gives Up; 'no Prospects' For Business

Wed, 04/16/2014 - 8:25am
Mt.
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U.S. Bancorp Profit Drops on Softer Mortgage Revenue

Wed, 04/16/2014 - 8:23am
U.S. Bancorp (USB) said its first-quarter earnings fell 2.2% as the regional lender posted weaker mortgage banking revenue.
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Abbott Beats Profit Forecast, But Sales Lag

Wed, 04/16/2014 - 8:13am
Abbott Laboratories Inc reported better-than-expected quarterly earnings, but sales came in slightly below Wall Street expectations.
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Gold Steadies Above $1,300, Supported By Ukraine Crisis

Wed, 04/16/2014 - 7:56am
Gold prices steadied on Wednesday after falling nearly 2 percent in the previous session, underpinned by escalating tensions in Ukraine but still under pressure from a weak chart picture and concerns over a slowdown in Chinese demand.
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FGIC, BofA settle litigation over mortgage-backed securities

Wed, 04/16/2014 - 7:49am
Bond insurer Financial Guarantee Insurance Co said it had reached an agreement with Bank of America Corp to settle litigation related to nine second-lien residential mortgage-backed securitizations FGIC had insured.
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Burberry Revenue Jumps, Sees Profits Hit By Strong Pound

Wed, 04/16/2014 - 7:48am
British luxury goods group Burberry shrugged off industry jitters about slowing growth in China to post a 19 percent rise in second-half revenue, reiterating that the greatest risk to its profits was the strengthening pound.
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Bank Of America Shares Fall On Q1 Earnings Loss

Wed, 04/16/2014 - 7:41am
Bank of America Corp. reported Wednesday its first-quarter net loss of $276 million, or 5 cents per share, compared with $1.5 billion, or 10 cents per share, in the same period the year before.
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VMware Says To Invest $500 Mln In India Over 3 Years

Wed, 04/16/2014 - 7:39am
Virtualization software maker VMware Inc said it plans to invest $500 million in India over the next three years to expand its operations.
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Litigation expenses push Bank of America into loss

Wed, 04/16/2014 - 7:32am
Bank of America Corp posted a first-quarter loss as the No.
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Mt Gox Set To Liquidate As Court Denies Rehabilitation

Wed, 04/16/2014 - 7:30am
The world's once biggest bitcoin exchange is likely to be liquidated after a Tokyo court dismissed a bit to resuscitate the business.
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Bank Of America Posts Loss As Litigation Charges Weigh

Wed, 04/16/2014 - 7:21am
The No. 2 U.S. bank posted a 1Q loss and recorded $6 billion in litigation expenses related to an FHFA settlement and other mortgage-related matters.
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China gets first bitcoin ATM, skirting bank crackdown

Wed, 04/16/2014 - 7:17am
BTC China, one of the country's leading digital currency exchanges, has installed China's first bitcoin ATM and launched an online app allowing individuals to buy and sell bitcoins using mobile phones, skirting local banking regulations seen as increasingly hostile to so-called crypto-currencies.
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