Earnings Preview: Flat Revenue Expected At Yahoo
Yahoo! Inc. (Nasdaq: YHOO), the beleagured No. 2 search engine, is expected to have flat revenue and earnings in the first quarter as it seeks to turn around stagnant advertising and search divisions under its new CEO.
Gannett's Revenue Declines On Restructuring Costs, Ad Slump
Gannett Co. (NYSE: GCI), the largest U.S. newspaper group by circulation, said Monday that earnings fell in the first quarter due to a slump in advertising revenue and restructuring costs.
Mortgages Boosted JPMorgan Chase and Wells Fargo in 1Q, But Stocks Plunge
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) beat first quarter earnings expectations Friday with the help of rising mortgage revenue, but the weak housing market could drag down future gains for the two big banks.
2 World Financial Center Evacuated After Suspicious Package Reported; Was A Toy: NYPD
Manhattan's 2 World Financial Center was evacuated Thursday morning after workers who discovered what they believed to be a hand grenade contacted authorities -- it turned out to be a toy, police said.
US 15-Yr Mortgage Rate Hits New Low Of 3.11%: Freddie Mac
U.S. 15-year fixed-rate mortgages dropped to a new record low of 3.11 percent in the week ending April 12, mortgage financier Freddie Mac said Thursday.
Rising Gas Prices Threaten Modest Economic Expansion: Fed
The U.S. economy expanded at a modest to moderate pace from mid-February through late March, but local industries remain concerned about high gas prices in coming months, the U.S. Federal Reserve said Wednesday in its new Beige Book.
AIG Returns To U.S. Real Estate Investment
American International Group Inc., the beleagued insurance company that was brought to its knees by the subprime mortgage collapse, is re-entering U.S. real estate investment later this year.
U.S. Mortgage Applications Drop 2.4%: MBA
U.S. mortgage applications dropped 2.4 percent on a seasonally adjusted basis in the week ended April 6, compared to the prior week, the Mortgage Bankers Association said Wednesday.
Japan's Mitsui Fudosan Targets Europe For $6.1B Real Estate Expansion
Mitsui Fudosan, the world's largest property owner by value, plans to expand its presence in Europe by initially targeting London's strong real estate market as part of a 500 billion yen ($6.14 billion) global expansion.
US Wholesale Inventories Up 0.9% In Feb., Sales Gain 1.2%
Increased demand led to better-than-expected growth in stockpiles, to a seasonally adjusted $479 billion, the Commerce Department said Tuesday.
Can Johnson & Johnson's Sherilyn McCoy Turn Avon Around?
Avon Products Inc. (NYSE:AVP)'s appointment Monday of Sherilyn McCoy to replace Andrea Jung as CEO brings some stability to the beleaguered direct-sales beauty company, but analysts say one person is unlikely to cure Avon's huge legal and organizational problems, which threaten its stock price and sales growth.
Andrea Jung: The Rise And Fall Of Avon's First Lady
Just last year, Andrea Jung was among the most powerful women in the world. On Monday, Avon announced her replacement as chief executive -- Sherilyn McCoy, a 30-year veteran of Johnson & Johnson.
Russia Cuts GDP Forecast To 3.4 Percent
Russia, the world's ninth largest economy, cut its 2012 GDP forecast to 3.4 percent from 3.7 percent as investment growth is expected to decline, its economy minister said Friday.
U.S. Mortgage Rates Edge Down To 3.98%: Freddie Mac
U.S. 30-year fixed-rate mortgages declined slightly to 3.98 percent in the week ending April 5 as recent economic indicators were mixed, mortgage finance giant Freddie Mac said Thursday.
Brazil's BTG Pactual Plans $2.24 Billion IPO
BTG Pactual, the largest independent investment bank in Latin America, said it is planning to raise up to $2.24 billion in a public offering that could signal the revival of Brazil's IPO market.
The Month In US Housing: A Disappointing March, But Spring Offers Redemption
Most of March's housing numbers were disappointing, with sales unexpectedly falling across all categories and prices hitting new lows, reversing February's optimism. But the winter market is usually the year's quietest, and spring could see a redemption for the housing market.
Game of Thrones Season 2, Episode 1 Review: Knowledge and Power
Sunday's episode, The North Remembers, is full of buried truths interlaced with brutality. Even for the viewer armed with unparalleled perspective, uncertainty is the theme. (And readers of George R. R. Martin's book series are kept guessing with the juggling of scenes and new insertions.)
India Warned Over Retroactive Tax Proposal, Jewelers Continue Strike
International trade groups are warning a proposal that would allow India's government to retroactively tax foreign companies could discourage investment.
US Consumer Sentiment At Highest Level In Year: University of Michigan
U.S. consumer sentiment rose in March to the highest level in more than a year as sustained job gains and consumer spending offset rising gasoline prices, according to data released Friday by Thomson Reuters and the University of Michigan.
Spanish Bond Yields Rise On Labor Unrest, Bailout Fears
A general strike and looming deficit pushed Spanish bonds yields up Thursday, leading investors to question if the country will be the next weakest link in the euro zone.
U.S. Mortgage Rates Fall Below 4% On Weaker Housing Data
U.S. mortgage rates fell below 4 percent following disappointing housing data released in the past week, Freddie Mac said Thursday.
IB Times 1000: For Chipotle, Tension Between Environmentalism And Profits
Chipotle Mexican Grill (NYSE:CMG) isn't just one of the most successful fast food chains -- it's trying to save the world.
US Home Prices Fall In Jan But At Slower Rate: S&P/Case-Shiller
U.S. home prices fell in January to new lows, but prices declined at a slower rate compared to the previous month's decline, according to the S&P/Case-Shiller Home Price Indices released Tuesday.
Fannie, Freddie Regulator Says Principal Reductions Would Benefit Banks
The federal regulator of Fannie Mae and Freddie Mac is arguing that principal reductions for home loans would benefit the banks that hold secondary debt while weakening the mortgage giants' finances.
US Pending Home Sales Fall 0.5% In Feb, Missing Forecasts
U.S. pending home sales fell 0.5 percent in February compared to January, the National Association of Realtors said Monday, missing expectations and heightening concerns the real estate market's recovery may not be as robust as thought by economists.
Toll Bros. Buys Manhattan Property For $16.5M, Eyes Development
Luxury-home builder Toll Brothers acquired a residential building at 1110 Park Ave. in Manhattan for $16.5 million.
US New-Home Sales Fall 1.6% In Feb.
U.S. new-home sales fell 1.6 percent in February, but prices jumped to their highest level in seven months, according to the Commerce Department.
China Cuts Ag Bank's Reserve Ratio To Combat Slow Growth
The reserve requirement for 379 branches of state-run Agricultural Bank of China Ltd., the country's third-biggest lender, will decline by two percentage points below that of other Chinese banks.
US 30-Year Fixed Mortgage Rate Clears 4%: Freddie Mac
Interest rates on the 30-year, fixed-rate mortgage rose above 4 percent for the first time since October 2011, following increases in bond yields, Freddie Mac reported.
5 Ways Rising Gas Prices Will Affect You
High oil prices affect politics, schools, jobs, public budgets and almost every industry. But current pressures could be augmented if war breaks out between Israel or the United States and Iran, with the result being a costly disruption in global supply.