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By Margaret Collins and Noah Buhayar, Bloomberg |
May 6, 2013
Warren Buffett, chairman of Berkshire Hathaway Inc., said he ignores macroeconomic forecasts such as Bill Gross’s “new normal” when investing and sympathizes with people who stuck with bonds amid low interest rates.
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By Cheyenne Hopkins |
April 24, 2013
More legislation is needed to rein in biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers, the bill’s sponsors said.
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By Scott Moritz, Bloomberg |
April 24, 2013
Sprint Nextel Corp., the third- largest U.S. wireless carrier, reported a narrower-than-expected first-quarter loss, even as 560,000 subscribers departed.
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By Laura Marcinek and Donal Griffin, Bloomberg |
April 19, 2013
Bank of America Corp. and JPMorgan Chase & Co. led the six largest U.S. banks in boosting combined first-quarter profit 45%. Investors dumped the stocks.
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By Hugh Son, Bloomberg |
April 17, 2013
Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal costs slowed the firm’s turnaround. The shares dropped 3% in early trading.
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By Alex Kowalski, Bloomberg |
April 16, 2013
New-home construction in the U.S. climbed in March to the highest level in almost five years, propelled by a surge in multifamily building that will support economic growth.
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By Donal Griffin, Bloomberg |
April 15, 2013
Citigroup Inc., the third-biggest U.S. bank, rose in New York trading after first-quarter profit and revenue from fixed-income trading and investment banking exceeded analysts’ estimates.
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By Lu Wang and Tony C. Dreibus, Bloomberg |
April 12, 2013
Metals and energy sank, sending a gauge of commodities to an eight-month low and extending a slump that Citigroup Inc. said may mark the “death bell” for the four-year rally in materials.
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By Bob Van Voris |
April 11, 2013
Three former employees of CDR Financial Products Inc. who cooperated with the government’s investigation into bond bid-rigging were given prison terms.
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By Lu Wang, Bloomberg |
April 10, 2013
U.S. stocks rallied, sending the Standard & Poor’s 500 Index to its highest level ever, as China’s imports grew, Japan reiterated its stimulus plans and investors speculated earnings will beat estimates.
