ECONOMY & MARKETS

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US Housing Sector

US Homeownership Rate Drops To 15-Year Low

The share of privately-owned U.S. homes fell to a 15-year low in the first quarter as falling house prices and stringent lending conditions push younger Americans, in particular, into renting.
A trader works on the floor of the New York Stock Exchange at the end of the trading day, in New York

Stocks Finish April In Red: Daily Markets Wrap

U.S. stocks ended the last day of April on a sour note with all three major indices posting their first monthly loss of the year, following three months of solid gains. Investors were spooked by a duo of lackluster U.S. economic reports and news that confirmed Spain has plunged into a double-dip recession.
Guy Hands

Terra Firma To Buy Four Seasons Healthcare For $1.34B

Private equity group Terra Firma Capital Partners said Monday it would buy Four Seasons Health Care, the UK's largest independent elderly healthcare provider, for 825 million pounds ($1.34 billion) to take advantage of the growing demand.
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Asian Stocks Advance On Fed Easing Hopes

Asian stock markets ended with gains on Monday as disappointing US economic activity data boosted hopes for further monetary stimulus from the Federal Reserve.
Asian Shares

Asian Stocks Rise On Strong US Earnings

Asian stock markets advanced Monday as investors shrugged off weaker-than-expected US economic growth and focused on a string of strong corporate earnings.
File photo of a Chinese 100 yuan banknote being placed under a $100 banknote in this photo illustration taken in Beijing

China Sets Record High Ceiling For Yuan

China's central bank expanded the yuan's reference rate against the dollar to another record high on Friday, in a nod to calls from the U.S. to loosen growth restrictions on the currency's value.
China Real Estate

Mixed Data On Chinese Cos Intensifies Monetary Policy Guesses

A headscratcher of a report on Chinese industrial profits intensified speculation about just what exactly central bankers in that country will come up with next as the note, by the National Bureau of Statistics (NBS), revealed data that both supporters and detractors of monetary easing in the world's second-largest economy will find justifies their rationale.
Ayatollah Ali Khamenei

Iran: A Modern Day 'Nazi Germany'?

Some top Israeli officials have repeatedly compared the current regime in Tehran to Nazi Germany and Adolph Hitler?s program of exterminating the Jews.
Ford Motor Company CEO Alan Mulally

Ford Earnings Stall In 1Q On Poor Global Performance

Ford Motor Company (NYSE: F), the second-largest U.S. carmaker, said Friday profit fell 20.5 percent, missing analysts' predictions, on lower European sales, plunging South American profit and a drop in Ford Credit profit.
Sarkozy and Hollande battle for Le Pen voters

French Elections: Sarkozy And Hollande Make Appeals To Far Right

Challenger Francois Hollande and incumbent Nicolas Sarkozy are apparently seeking to attract those who cast ballots for Marine Le Pen in the French presidential election's first round on April 22. The way these voters break most likely will determine the winner of the second round on May 6.
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US Consumer Sentiment Little Changed In April

Consumer sentiment was little changed in April as Americans expected the economy to slowly improve, though they were less cheery about the state of their own finances, a survey released on Friday showed.
Amazon Kindle Fire

Amazon Euphoria Sends US Stocks Up

Stock euphoria over Amazon.com's (Nasdaq: AMZN) first-quarter earnings surprise sent shares of the No. 1 e-retailer soaring, triggering a big rise in the Nasdaq and other averages that eased slightly by midday.
US GDP

US 1Q GDP Grew 2.2%, Less Than Expected

The U.S. economy expanded at a slower-than-expected pace in the first quarter, reflecting a deceleration in inventories and nonresidential fixed investment that was partly offset by the biggest gain in consumer spending in more than a year.

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