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Exchange-traded funds entering new phase of growth May 19, 2013 12:00 AM
The headlines about exchange-traded funds suggest there are no limits to the growth of these low-cost, easily traded alternatives to mutual funds. Among the recent developments: ETFs have attracted at least $100 billion in new cash for each of the past six years, growing at a far more rapid pace than traditional mutual funds.
U.S. boom transforming global oil trade May 19, 2013 12:00 AM
The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. The threat of chronic oil shortages is all but gone, U.S. dependence on Middle Eastern oil will continue to dwindle, and oil will increasingly flow to the developing economies of Asia, according to a five-year outlook published Tuesday by the International Energy Agency.
Ex-Groupon CEO working 9 to 5 on business album May 17, 2013 12:00 AM
Andrew Mason says he wants to present business wisdom to younger people and that his songs will help them understand ideas that are critical to becoming productive and effective employees.
A year after IPO, Facebook aims to be ad colossus May 17, 2013 12:00 AM
Despite its disappointing stock market performance, the company has delivered strong financial results. Net income increased 7 percent to $219 million in the most recent quarter, compared with the previous year, and revenue was up 38 percent to $1.46 billion.
Stocks rise on hopeful economic signs May 17, 2013 12:00 AM
The Conference Board said its index of leading economic indicators rose 0.6 percent last month after a revised decline of 0.2 percent in March. The index is intended to predict how the economy will be doing in three to six months. The University of Michigan's preliminary survey of consumer confidence climbed to 83.7. Economists had predicted that the gauge would climb to 76.8.
Stocks rise on hopeful signs for the US economy May 17, 2013 12:00 AM
Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday. A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is maintaining a steady recovery.
Buybacks are a big factor behind stock market boom May 17, 2013 12:00 AM
This year, big U.S. companies have given the go-ahead for $286 billion of buybacks, up 88 percent from the same period last year, according to Birinyi Associates, a market research firm. If the pace continues for the rest of the year, the tally will exceed the record set in 2007.Every manner of company is caught up in the buying binge, including home-improvement chains, makers of farm equipment and jet engines, airlines, sellers of soft drinks and of hard liquor alike.
A late fade on Wall Street; Wal-Mart, Disney slump May 16, 2013 12:00 AM
Signs of a slowing economy combined with comments from a Federal Reserve official helped pull the stock market down Thursday. The news on the U.S. economy gave investors little to get excited about. Applications for unemployment benefits rose last week and manufacturing slowed in the mid-Atlantic region.
Stocks keep climbing even as manufacturing softens May 15, 2013 12:00 AM
Investors nudged the stock market to all-time highs Wednesday despite a handful of disappointing economic reports. Google's stock topped $900 for the first time after the company announced several upgrades to its Android software for smartphones.
Stock market rises back into record territory May 14, 2013 12:00 AM
The stock market marched back into record territory as investors seized on the latest encouraging news about the economy. On Tuesday, it was a report on the health of small businesses.
Stock market rally pauses on Monday May 13, 2013 12:00 AM
A record-breaking rally in stocks paused Monday as investors assessed whether stock valuations were overstating the recent improvement in the economy. The latest positive data, out Monday, showed that Americans increased spending at retailers last month. That suggests that consumers may boost economic growth in the current quarter ending June 30. Still, that wasn't enough to lift shares.
Fund manager: Don't get caught up in Asia numbers May 12, 2013 12:00 AM
Investors are worried about the slow pace of U.S. economic growth, but we're just one player in the international arena. To assess the global outlook, two numbers are critical: China's gross domestic product and Japan's inflation rate. They're important because China and Japan are the world's second- and third-largest economies, and both are faltering. The outlooks in both countries could continue to have a big impact on stocks around the world as Chinese and Japanese policymakers try to stimulate their economies.
Initial public offerings next week May 10, 2013 12:00 AM
A list of initial public offerings planned for the coming week.
Despite late start, officials say record corn crop likely May 10, 2013 12:00 AM
The wet start to the corn planting season is expected to reduce the amount each acre produces this year, but farmers are planting so much of the crop that they're still likely to bring in a record amount.In a report released Friday, the U.S. Department of Agriculture estimated farmers will bring in 14.1 billion bushels of corn this year, a billion bushels more than the previous record of 13.1 billion bushels set in 2009.
Stocks rise for third week in a row May 10, 2013 12:00 AM
Investors are in love with small stocks because they stand a greater chance of surging ahead than large, global companies do if the U.S. economy continues to fare better than Europe.
YouTube’s new pay channels go from campy to kids May 9, 2013 12:00 AM
With a billion monthly visitors from around the globe, the Google-owned video service hopes to quickly add subscribers and add to the money it already makes from online advertising.
Stocks pull back from record levels May 9, 2013 12:00 AM
Unemployment claims dropped to a five-year low last week, the Labor department reported early Thursday. That signals fewer layoffs and possibly more hiring. While the report failed to boost stocks, it did give the dollar a lift.
McDonald's cuts Angus burgers from menu May 9, 2013 12:00 AM
McDonald's is cutting the Angus burger from its menu.The Oak Brook-based company had said earlier this year that it was evaluating whether to continue selling the Angus Third Pounders, which were introduced in 2009 and are among the chain's priciest items. The company also said at the time that it was it was cutting Chicken Selects and Fruit & Walnut Salad.
Hedge fund manager Falcone to settle fraud case May 9, 2013 12:00 AM
Philip Falcone would be barred for two years from working as an investment adviser or broker under the agreement in principle between the Securities and Exchange Commission and Falcone and Harbinger Capital Partners, the firm said in a filing Thursday.
Dow average gains, holds on to 15,000 level May 8, 2013 12:00 AM
The Dow Jones industrial average rose, closing above 15,000 for a second day after breaching the landmark level for the first time Tuesday. On Wednesday, a day without any major economic releases, investors focused on company earnings as reporting for the first quarter draws to a close. Although earnings growth has slowed from last quarter, profits are at record levels and projected to rise throughout the year.