A number of T. Rowe Price Group mutual funds reported owning stakes in Facebook Inc, valuing the fast-growing social media company at $25 per share.
Stocks rose on Friday as encouraging economic indicators overshadowed disappointing results from Bank of America and Google.
Rising food and gasoline costs lifted U.S. consumer prices overall in March, but underlying inflation pressures were contained and consumers grew more confident about the economy in early April.
The U.S. military said it shot down an intermediate-range ballistic missile target over the Pacific on Friday in the most challenging test yet of its work on a planned antimissile shield for Europe against Iran.
Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.
Rich Americans are expected to spend an extra $26.6 billion on luxury goods this year but they will do so with an eye toward value as the country recovers from recession, a poll released on Friday found.
Rising food and gasoline prices lifted U.S. consumer inflation as expected in March, but underlying inflation pressures remained contained, a government report showed on Friday.
Top commodity trader Glencore's planned $12 billion London listing has long been seen as the first step to merging with Xstrata , in what could be the biggest mining takeover in history.
Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.
The Dow and S&P rose on Friday as encouraging economic indicators offset disappointing results from Bank of America Corp , though weakness in Google Inc kept the Nasdaq's advance in check.
Rising food and gasoline costs lifted U.S. consumer prices overall in March, but underlying inflation pressures were contained and consumer confidence rose in April.
South Korea's top internet portals filed a complaint on Friday with antitrust regulators against Google Inc, alleging the search giant was unfairly stifling competition in the domestic mobile internet search market.
The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.
Charles Schwab Corp , the largest U.S. discount brokerage, on Friday posted slightly higher-than-forecast earnings as rising stock markets led to increased trading and fees from clients.
Philadelphia Federal Reserve Bank President Charles Plosser on Friday said the U.S. central bank could move to tighten monetary policy this year if the recovery unfolds as he expects.
The Dow and S&P rose on Friday as encouraging economic indicators offset some disappointing corporate results, though weakness in Google Inc pressured the Nasdaq.
China and India both reported higher-than-expected inflation readings on Friday, giving fresh ammunition to central bankers and investors alike who are worried about mounting price pressures in the global economy.
The U.S. military said it had successfully completed its most challenging missile intercept test yet, using Lockheed Martin Corp and Raytheon Co hardware to shoot down an intermediate-range ballistic target over the Pacific.
The securities regulator is in talks with major Wall Street banks to settle fraud allegations relating to the sale of toxic mortgage bonds to various investors that helped unleash the financial crisis, the Wall Street Journal reported, citing sources familiar with the matter.
The Dow and S&P were flat on Friday as a gauge of consumer inflation offset disappointing results from Bank of America Corp and Google Inc , while the Nasdaq composite index fell.
Stocks opened little changed on Friday as a gauge of consumer inflation showed subdued price pressures, offsetting disappointing results from Bank of America Corp and Google Inc .
Bank of America Corp posted a 37.5 percent drop in first quarter earnings, hurt by mortgage-related costs.
Bank of America Corp posted an unexpectedly sharp drop in first-quarter profit as higher expenses from delayed home foreclosures weighed on its mortgage business.
Dow and S&P index futures pointed to a flat open on Friday as a gauge of inflation offset disappointing financial results from Bank of America Corp .
Rising food and gasoline prices lifted U.S. consumer inflation as expected in March, but underlying inflation pressures remained contained, a government report showed on Friday.
Rising food and gasoline prices lifted U.S. consumer inflation as expected in March, but underlying inflation pressures remained contained, a government report showed on Friday.
S&P futures turned flat on Friday after being negative as U.S. core consumer prices were below expectations for March.
Stock index futures were little changed on Friday after Bank of America Corp said mortgage-related costs added to a drop in profit, giving investors more reason to be cautious about earnings.
Moody's cut Ireland's sovereign rating by two notches to the verge of junk status on Friday and kept its outlook on negative, pushing the euro lower and adding to renewed pressure on the euro zone's weaker countries.
Bank of America Corp posted an unexpectedly sharp decline in first-quarter profit, plagued by losses in the mortgage business, and the bank named a new chief financial officer.
