Toll Bros CEO resigns, Yearley to replace
Bob Toll, co-founder and CEO of the U.S. luxury homebuilder bearing his name and best known for its McMansions, announced his resignation on Monday, and will be replaced by a non-family member who has worked for the company for 20 years.
Aussie doctors identify new disease
Kate Pulling, now aged 23 was found to be suffering from an unknown disease in which her immune system's signaling processes fails to function properly leading her to fall sick frequently. She has gone through hospital care for more than a decade as a result of the condition
Market watchdog panel to meet on market plunge
A panel advising U.S. market regulators will meet on May 24 to discuss the mysterious market plunge, the Securities and Exchange Commission said on Monday.
Google faces probes over data it collected: report
Google Inc could face inquiries from German and U.S. officials following the company's disclosure it had mistakenly collected sensitive data sent by consumers over wireless networks, the Financial Times reported on Tuesday.
Waddell & Reed says not cause of May 6 flash crash
U.S. money manager Waddell & Reed Financial Inc said an internal analysis of trading activity indicates it was not the cause of the flash crash that briefly wiped out $1 trillion in market capital earlier this month.
Daily forex forecast - 18/5/2010
After holding up relatively well for the majority of the week compared to other major currencies the Aussie dollar finally gave way to a barrage of selling on Friday night falling below the 89 cent handle to a low near 0.8850 against the Greenback.
GM posts profit as production snaps back
General Motors Co posted a first-quarter profit as demand steadied in the United States and sales boomed in China, a turnaround the automaker said could put it on track for its first full-year profit since 2004.
Wall St recovers late to edge up on bargain hunting
U.S. stocks staged a comeback in late trading on Monday as bargain hunters snapped up beaten-down shares, setting aside concerns that efforts to tackle the euro-zone debt crisis could stifle the global economy.
Bank for the poor hopes to teach Wall St a lesson
Nobel Peace Prize-winner Muhammad Yunus opened a branch of his Grameen Bank in Manhattan on Monday, saying he hopes the big Wall Street banks just a subway ride away can learn from his success in granting small loans to the poor.
U.S. recovers $1.9 billion in Chrysler loan money
The U.S. government has recovered about half of the initial $4 billion in bailout money that was extended to Chrysler Group under the Bush administration, the Treasury said on Monday.
10 Reasons to Travel to Las Vegas Now
There is a reason they say that what happens in Vegas, stays in Vegas. It's true ... Sin City lives on the wild side and is a haven for overstimulation, but it's also an interesting cultural study and a lot of fun. If you've never visited the city, there's no time like the present to pack your bag and head to Vegas, baby! Here are 10 reasons to make the trip:
U.S. court won't hear Cablevision/FCC must-carry case
The U.S. Supreme Court said on Monday that it would not hear an appeal by Cablevision Systems Corp to the Federal Communications Commission's must-carry requirement that forces cable systems to carry programing of broadcast television stations.
Nissan says Leaf electric car to cost under $38,100
Nissan, Japan's third-biggest carmaker, said on Monday its Leaf electric car would cost under 30,000 euros ($38,110) in most European countries after incentives offered by governments to push the new technology.
Court won't hear Cablevision/FCC must-carry case
The U.S. Supreme Court said on Monday that it would not hear an appeal by Cablevision Systems Corp to the Federal Communications Commission's must-carry requirement that forces cable systems to carry programing of broadcast television stations.
Volkswagen's 4-month sales powered by China again
Volkswagen, Europe's largest carmaker, sold 2.34 million vehicles for an increase of 21 percent during the first four months, thanks mainly to China -- destination for more than a quarter of its volume.
Forex - Euro zone ministers seek debt control strategy
Shaken by a debt crisis that is hurting their currency, euro zone finance ministers met on Monday to discuss more effective fiscal discipline for now and the longer term. The talks were the first since euro zone governments hatched a $1 trillion plan a week ago in a bid to stabilise nervous financial markets and limit contagion risks after the financial rescue of Greece, the first in 11 years of monetary union.
Supreme Court won't hear Cablevision/FCC must-carry case
The U.S. Supreme Court said on Monday that it would not hear an appeal by Cablevision Systems Corp to the Federal Communications Commission's must-carry requirement that forces cable systems to carry programing of broadcast television stations.
Wall Street hurt by global growth jitters
Stocks fell on Monday as investor concerns grew that efforts to tackle the euro-zone debt crisis could stifle the global economic recovery.
Platinum, palladium price woes for India car makers
Platinum and palladium prices have witnessed a big surge in the recent past following the increased demand from auto sector in China and India. But this surge has hit the auto makers in India in a big way. Due to increased competition in Indian market car makers in India have been witnessing a price war. At that time the steel prices soared and along with that platinum and palladium prices also shot up.
Homebuilder confidence at 2-1/2 year high in May
U.S. home-builder sentiment rose in May to the highest level in more than 2-1/2 years, boosted by a homebuyer tax credit and strengthening economy, the National Association of Home Builders said on Monday.
Treasury: 295,348 mortgages permanently modified
The number of struggling homeowners who were current on permanently reduced mortgage payments under the Treasury's housing rescue program grew to 295,348 in April from 227,922 in March, a Treasury report showed on Monday.
Lowe's dampens hopes for recovery in 2010
Home improvement chain Lowe's Cos issued a disappointing profit forecast for the rest of the year and dampened hopes for robust economic recovery in the second half, sending its shares down 3.8 percent.
Manufacturing data hints recovery pace slowing
The pace of the U.S. economic rebound may be slowing, manufacturing data suggested on Monday, as concerns grow about the impact of Europe's debt crisis on global growth.
Wall Street drops 1 percent as commodity losses hit stocks
Stocks dropped more than 1 percent on Monday as steep slides in commodity prices hit energy and materials shares, while below-forecast data gauging New York factory activity dented the economic outlook.
Wall St drops 1 percent as commodity losses hit stocks
U.S. stocks dropped more than 1 percent on Monday as steep slides in commodity prices hit energy and materials shares, while below-forecast data gauging New York factory activity dented the economic outlook.
U.S. sees record capital inflow
Foreigners bought a record $140.5 billion of long-term U.S. securities in March, the Treasury Department said on Monday, and more than doubled purchases of U.S. government bonds.
Microsoft settles with VirnetX, to pay $200 million
Microsoft Corp will pay $200 million to VirnetX Holding Corp and obtain a patent license to settle litigation accusing it of infringing two patents for communicating over the Internet.
U.S. credit card delinquencies down again in April
U.S. credit card delinquencies fell for the fourth straight month in April, the latest indicator that Americans are recovering from the worst economic downturn since the Great Depression.
Sears and Kmart to offer cash-for-gold service
Sears Holdings Corp , which expanded its layaway program to help cash-strapped consumers pay for purchases during the recession, is now helping its customers exchange their jewelry for cash as gold prices soar.
WaMu amends bankruptcy plan
Washington Mutual Inc proposed an amended plan of reorganization on Monday that would return $7 billion to creditors, but it was unclear if the Federal Deposit Insurance Corp would support the plan.