Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank tells CNBC's Cash Flow why he thinks it's important for investors to remain in the U.S. markets.» Read More
WASHINGTON, May 22- U.S. home resales rose in April to the highest level in nearly 3-1/ 2 years and prices surged, offering the economy a buffer from the stiff headwinds posed by belt-tightening by Washington.
GENEVA/ LONDON, May 22- The UK and French governments are set to join a global initiative that will require oil and mining firms to comply with new disclosure measures aimed at reducing corruption, sources involved in the process said on Wednesday.
May 22- Dish Network Corp has rolled out an advertising campaign suggesting a deal by a Japanese company to acquire Sprint Nextel Corp could threaten U.S. national security, hoping to sway lawmakers and win support for its rival offer.
LOS ANGELES-- Los Angeles voters have approved a proposition limiting the number of medical marijuana dispensaries in the city. With all precincts reporting Wednesday, Proposition D had around 63 percent of the votes in Tuesday's election. "I think the proposition just made sense to people," said Yes on Proposition D campaign spokeswoman Kerry Townsend Jacob. "
*Ireland takes rare aim at multinationals' tax rates. Bruton's call for an international clampdown on aggressive tax planning by large corporates is a rare negative shot at a sector that Ireland has courted for decades and underscores the high stakes for Dublin, which faces pressure to act alone.
NEW YORK-- Viacom Inc. said Wednesday that it will increase its quarterly dividend by 9 percent. The entertainment company will pay its new dividend of 30 cents per share for its Class A and B shares, up from its previous dividend of 27.5 cents per share.
NEW YORK-- Target Corp. said Wednesday that its first-quarter net income fell 29 percent as cool weather and economic pressures chilled shoppers' appetite for spending. Revenue at stores open at least a year slipped 0.6 percent as the number of transactions fell 1.9 percent.
DETROIT, May 22- Ford Motor Co is adding a week of production at most of its North American factories this year to build an additional 40,000 vehicles and help sustain its gains in U.S. market share. Ford's U.S. rivals, General Motors Co and Chrysler Group LLC, are also limiting downtime this year.
WASHINGTON, May 22- Pension funds- those old guaranteed-benefit retirement plans your grandma might have told you about- outperform those in 401 plans year after year, according to new research from consulting company Towers Watson.
NEW YORK-- Shares of Pioneer Natural Resources climbed to an all-time high Wednesday after announcing that its first horizontal Wolfcamp Shale well is putting up some healthy production numbers.
Brinker International Inc. rose$. 25 or. 6 percent, to $41.85. Chipotle Mexican Grill Inc. fell $1.31 or. 3 percent, to $376.12. Darden Restaurants Inc. fell$. 07 or. 1 percent, to $53.58.
NEW YORK-- A look at New York Stock Exchange 10 most-active stocks at 1 p.m.:. Bank of America Corp. rose 1.4 percent to $13.63 with 88,111,200 shares traded. Barrick Gold Corp. rose 1.8 percent to $19.71 with 16,112,200 shares traded.
Kelly Services Inc. class A rose$. 05 or. 3 percent, to $17.71. Korn/Ferry International Inc. rose$. 18 or 1.0 percent, to $17.90. ManpowerGroup rose$. 77 or 1.3 percent, to $58.92.
NEW YORK-- A look at the 10 biggest percentage gainers on New York Stock Exchange at 1 p.m.:. Zale Corp. rose 21.9 percent to $6.58. Saks Inc. rose 16.3 percent to $15.90.
Autozone Inc. fell $4.44 or 1.0 percent, to $423.40. Bed Bath& Beyond Inc. rose$. 54 or. 8 percent, to $69.08. Best Buy rose$. 22 or. 9 percent, to $25.86.
NEW YORK-- A look at the 10 biggest percentage decliners on New York Stock Exchange at 1 p.m.:. SolarWinds Inc. fell 11.4 percent to $42.45. ECA Marcellus Trust I fell 8.0 percent to $10.41.
Hecla Mining Co. rose$. 04 or 1.2 percent, to $3.41. Pan American Silver Corp. rose$. 24 or 2.0 percent, to $12.52. Silver Standard Resources Inc. rose$. 22 or 3.3 percent, to $6.95.
AT&T Inc. rose$. 09 or. 2 percent, to $37.03. Sprint Nextel fell$. 04 or. 5 percent, to $7.35. Verizon Communications Inc. rose$. 05 or. 1 percent, to $52.12.
American Electric Power Co. rose$. 10 or. 2 percent, to $49.46. Consolidated Edison Inc. Holding Co. fell$. 27 or. 4 percent, to $60.60. Exelon rose$. 04 or. 1 percent, to $35.04.
Cleantech Solutions International Inc. rose 123.5 percent to $8.36. Insmed Inc. rose 17.2 percent to $13.28. GTx Inc. rose 10.2 percent to $7.00.