Business News
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US housing starts rose in April
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.
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Facebook boosts size of IPO
Facebook's owners now plan to sell 25 percent more shares in the company as investors clamor for shares in the year's hottest stock offering.
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Deere fiscal 2Q profit rises
Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.
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Target's 1Q profits up 1.2 percent
Target Corp. is reporting a 1.2 percent increase in first-quarter profit as the discount chain pulled in more shoppers with its food and trendy fashions.
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Report: Nokia loses cellphone top spot
Nokia has been bumped off its 14-year top spot as the world's largest cellphone company by Samsung, according to a British research firm.
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Buffett's firm buys GM stake, boosts IBM position
Warren Buffett's company has revealed a number of changes in its U.S. stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding a new stake of 10 million...
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Penney reports loss and plummeting sales
J.C. Penney is reporting a bigger-than-expected loss and plummeting profits in the first quarter as many of its customers are rejecting a new bold pricing strategy.
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Activist firm takes $600 million stake in PepsiCo
Activist investor Ralph Whitworth says his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.
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Dimon says trading loss shouldn't affect dividend
JPMorgan Chase CEO Jamie Dimon says he does not expect the company's stock dividend to be jeopardized by the bank's $2 billion trading loss.
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Geither: JPMorgan loss shows need for tough rules
Treasury Secretary Tim Geithner says the recent $2 billion trading loss by JPMorgan "helps make the case" for tougher rules on financial institutions as regulators continue to implement the 2010...