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Updated: 13 hours 17 min ago

Rising home prices show traction in housing recovery

Tue, 07/31/2012 - 6:10pm
Home prices rose for the fourth month in a row in May, suggesting the recovery in the housing market continued to gain traction, even as the broader economy wobbles. Other data on Tuesday showed consumer ...

UBS's huge Facebook loss throws doubt on Nasdaq plan

Tue, 07/31/2012 - 6:10pm
Facebook's disastrous May IPO took on a new dimension on Tuesday, as Swiss bank UBS said it lost more than $350 million on botched order execution and would take legal action against Nasdaq for the exchange's ...

Better finance deals spur July auto sales: analysts

Tue, 07/31/2012 - 6:10pm
The pace of auto sales is expected to hold steady in July, when sweeter financing deals prompted American consumers to replace aging cars and trucks despite languishing consumer confidence and high unemployment. ...

Murdoch's The Daily to let go nearly a third of staff in revamp

Tue, 07/31/2012 - 6:10pm
News Corp's digital tablet magazine The Daily is letting go of 50 employees, around 29 percent of its total, as it streamlines production to focus on its most popular features. Launched just 18 months ...

Buffett's Berkshire gets nod for Industrial Insulation deal

Tue, 07/31/2012 - 6:10pm
Warren Buffett's Berkshire Hathaway has received U.S. antitrust approval for a transaction with Industrial Insulation Group LLC, the Federal Trade Commission said on Tuesday. Industrial Insulation Group, ...

More QE? What the Fed May Do Instead

Tue, 07/31/2012 - 4:35pm
While the main question surrounding the Federal Reserve is whether it will enact another round of quantitative easing, the central bank may have a different caliber of weapon at the ready.

Reid, Boehner Announce Stopgap Spending Pact

Tue, 07/31/2012 - 4:35pm
The top Republican and Democrat on Capitol Hill have announced an agreement to keep the government running on autopilot for six months when the current budget year ends on Sept. 30.

Apple Lawyer: Samsung Deliberately Chose to Copy iPhone

Tue, 07/31/2012 - 4:35pm
By Dan Levine and Poornima Gupta SAN JOSE, California (Reuters) - Apple Inc told jurors on Tuesday that Samsung's internal documents show it made a decision to copy the iPhone because the South Korean ...

Stocks End Lower Ahead of Crucial Fed, ECB Meetings

Tue, 07/31/2012 - 4:35pm
Stocks were wavering Tuesday as investors held back ahead of three critical events this week: policy meetings at both the Federal Reserve and the European Central Bank and a closely watched report on the ...

Why China Just Won’t Stop Growing

Tue, 07/31/2012 - 3:25pm
If China can manage to rebalance its economy and address some of its challenges effectively, at the expense of one percentage growth per year, that is very good news for China and the world, says Tong Li, senior economist at the Milken Institute.

Ahead of Earnings: Green Mountain Shares Have Seen Steep Decline

Tue, 07/31/2012 - 3:25pm
As Starbucks shares continue to add to steep losses following their earnings miss last week, investors are looking toward another coffee giant's earnings on Wednesday.

Has the Housing Market Finally Reached Bottom?

Tue, 07/31/2012 - 2:25pm
"I think it is pretty clear that the housing market has bottomed and has started to turn up," says The Wall Street Journal's David Wessel.

Nothing Easy About Easing; Why the Fed Will Wait

Tue, 07/31/2012 - 2:25pm
"It looks to me like the Fed might wait beyond the jobs report and the Jackson Hole meeting before they act," says Andrew Wilkinson of Miller Tabak.

Microsoft Relaunches Hotmail as Social-Friendly Outlook

Tue, 07/31/2012 - 2:25pm
Microsoft unveiled a revamped, Facebook-friendly version of its free, online email service in an attempt to reverse market share losses to Google's fast-growing Gmail.

PokerStars to Pay $731 Million to Settle With Justice Dept.

Tue, 07/31/2012 - 2:25pm
PokerStars reached a settlement, part of which will involve it paying $547 million, more than a year after regulators made a bid to close down the card-playing Internet site.

Driller to NY: Stop Local Bans or We'll Sue

Tue, 07/31/2012 - 2:25pm
A natural gas drilling company is taking a new tack in the industry's fight against local drilling bans: It's threatening to sue if New York regulators don't step in and extinguish the prohibitions.

Time's Up: U.S. Postal Service Has Finally Run Out Of Money

Tue, 07/31/2012 - 12:30pm
Unless Congress intervenes with a bailout, the Postal Service will default on two big payments in the coming months. And the cash crunch won't ease up thereafter.

Best Buy: Still Looking for a Greater Fool

Tue, 07/31/2012 - 12:30pm
Best Buy is back in the news as rumors emerged that founder Richard Schulze was recruiting current executives at the company in anticipation of a buyout attempt.

Son of LIBOR: Muni Market Eyes All-American Rate-Rigging Scandal

Tue, 07/31/2012 - 12:30pm
As the LIBOR scandal continues to encircle global banks, an All-American version of banks manipulating a key lending rate may be unfolding.

Consumers More Confident in the Economy in July

Tue, 07/31/2012 - 12:30pm
U.S. consumer confidence rose in July after four months of declines, as a brighter outlook for short-term hiring offset longer-term worries about the economy.

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