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Updated: 36 min 49 sec ago

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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Strong China Data Lift Global Markets

Wed, 04/16/2014 - 6:09am
A round of better-than-expected GDP data from China helped alleviate worries the world's No. 2 economy could be in for a hard landing, sending shares higher. 
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U.K. Unemployment Falls To 6.9% In February, Below BOE Threshold

Wed, 04/16/2014 - 4:41am
The unemployment rate in the U.K. fell to 6.9% in the three months to February, beating expectations of a 7.1% print, according to data from the Office for National Statistics released on Wednesday.
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Japan's Suga: Don't think share decline in April significant

Wed, 04/16/2014 - 3:54am
Japan's Chief Cabinet Secretary Yoshihide Suga said on Wednesday that Japanese share price decline in April has not been significant.
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European Stocks Rally After Chinese Growth Data

Wed, 04/16/2014 - 3:14am
European stock markets moved sharply higher at the open on Wednesday, with resource firms posting some of the biggest gains after better-than-expected growth data from China.
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China statistics bureau: Q1 GDP growth still within targeted range

Tue, 04/15/2014 - 10:39pm
China's economic growth in the first quarter was within range, and the employment situation remained stable and inflation under control, the statistics bureau said on Wednesday.
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Suspect In Custody After Two Unattended Bags Found At Boston Marathon Finish Line

Tue, 04/15/2014 - 10:16pm
A suspect was taken into custody Tuesday night after two backpacks were found unattended at the Boston Marathon finish line, according to CBS News.
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