KB Home , the fifth-largest U.S. homebuilder, reported a wider-than-expected quarterly loss on Friday as pressure on home prices offset the company's first rise in home deliveries in three and a half years.
U.S. lawmakers hammered out a historic overhaul of financial regulations as dawn broke over the nation's capital on Friday, handing President Barack Obama a major domestic policy victory on the eve of a global summit devoted to financial reform.
Corrects to say banks could invest up to 3 percent of their Tier 1 capital, not their tangible common equity, in hedge funds and private equity funds
Stocks were little changed on Friday after mixed economic data, while financial shares gained as uncertainty ebbed after an agreement to overhaul financial regulations.
Wall Street was set to open flat on Friday after the government said first-quarter economic growth was slower than previously estimated and lawmakers reached a historic agreement to overhaul financial regulations.
Stock index futures rose on Friday as investors digested a historic agreement by U.S. lawmakers to overhaul financial regulations and awaited final readings on gross domestic product and consumer sentiment.
S&P 500 and Dow futures edged up on Friday as investors digested a historic agreement by U.S. lawmakers to overhaul financial regulations, while final readings on gross domestic product and consumer sentiment were on tap.
Worries about the fragility of global economic recovery hit financial markets again on Friday, knocking world stocks down for the fourth session in a row ahead of a summit of Group of 20 nations.
Stock index futures pointed to a weaker open on Wall Street on Friday, with futures for the S&P 500 down 0.3 percent, Dow Jones futures down 0.25 percent and Nasdaq 100 futures falling 0.4 percent by 0939 GMT.
U.S. lawmakers on Friday were close to finalizing a historic overhaul of financial regulations after hammering out agreements on the most contentious sticking points of the bill.
Asian stocks fell for a fourth straight session on Friday, driven by expectations of tighter financial regulation ahead of the weekend G20 meeting and uncertainty about the global economic recovery.
U.S. lawmakers on Friday were close to finalizing a historic overhaul of financial regulations as they reached a preliminary deal on derivatives, the most contentious sticking point of the bill.
Asian stocks on Friday slid for a fourth straight session, driven by expectations of tighter financial regulation ahead of the weekend G20 meeting and uncertainty about the global economic recovery.
U.S. lawmakers on Friday neared a breakthrough in their historic rewrite of financial regulations as they agreed to tough new limits on banks' trading activity and floated a compromise on derivatives.
Lawmakers were locked in an impasse over derivatives on Thursday as they struggled to finish their historic rewrite of U.S. financial regulations.
Banks would face tougher curbs on trading but would be able to hold limited hedge fund positions under a proposal unveiled by Senate Democrats as they closed in on a final overhaul of financial regulations.
Lawmakers on Thursday agreed to boost banks' capital requirements and neared agreement on a derivatives crackdown as they closed in on a historic overhaul of financial regulations.
Microblogging service Twitter has agreed to a settlement with the U.S. Federal Trade Commission over charges it put its customers privacy at risk by failing to safeguard their personal information.
Stocks fell on Thursday on worries the economic recovery was slowing, with banks also pressured by congressional negotiations on a financial regulatory overhaul.
Lawmakers on Thursday agreed to boost banks' capital requirements and neared agreement on a derivatives crackdown as they closed in on a historic overhaul of financial regulations.
Stocks fell on Thursday, with bank shares pressured as negotiations over a financial reform bill approached the final hours, while investors remained skittish about the pace of the economic recovery.
With the historic overhaul of financial rules nearly complete, lawmakers have waited until the final, frantic hours to sort out the most controversial provisions in the bill.
Wall Street was set to open lower on Thursday as investors fretted about the pace of the economic recovery, though a better-than-expected drop in initial jobless claims provided comfort.
Stock index futures slipped on Thursday as the Federal Reserve underscored worries the recovery was not as robust as hoped and ahead of weekly initial jobless claims data.
Stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500, Dow Jones and Nasdaq down 0.6 to 1.1 percent at 4:44 a.m. EDT.
Global equities and crude prices eased on Thursday on concerns over economic growth after the U.S. Federal Reserve's pessimistic outlook, though the dollar recovered from the previous session's losses.
Asian stocks mostly steadied while the dollar eased on Thursday amid concerns over the global outlook after the Federal Reserve said the economic recovery was faltering.
Asian stocks firmed on Thursday, lifted by gain in miners on expectations Australia's government would compromise on a controversial mining tax, while the U.S. dollar eased after the Federal Reserve said the economic recovery was faltering.
Stocks mostly fell in a volatile session on Wednesday after the Federal Reserve downgraded its assessment of the economic recovery as it vowed to keep cheap money flowing.
Lawmakers softened several of their toughest restrictions on banks' trading activity on Wednesday as they neared completion of a sweeping rewrite of financial regulations.
