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
DETROIT, May 23- Chrysler Group LLC and Tesla Motors Inc, both led by media-savvy executives, are trading public jabs over the definition of payback. Tesla wired $452 million on Wednesday to repay the remaining portion of its U.S. Department of Energy loan with interest.
According to the Commerce Department, new-home sales increased 2.3 percent in April from March to a seasonally adjusted annual rate of 454,000. That's only slightly below January's pace of 458,000, which was the fastest since July 2008. _ KB Home, up 87 cents, or 3.8 percent, to $23.91. _ Hovnanian Enterprises Inc., up 20 cents, or 3.4 percent, to $6.14.
NEW YORK, May 23- U.S. stocks mostly edged lower on Thursday but were sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data and the prospects of the Federal Reserve reducing its monetary stimulus.
NEW YORK, May 23- Oil prices pared losses after falling to a three-week low on Thursday in a broader commodities selloff, supported as selling in U.S. equities tapered off on the back of encouraging domestic economic data.
SEATTLE-- Omeros Corp. said Thursday it will start two midstage clinical trials of its drug OMS824 later this year, giving its stock a boost. Omeros said Thursday that the Food and Drug Administration awarded OMS824 orphan drug status as a treatment for Huntington's.
May 23- ChannelAdvisor Corp shares soared more than 40 percent in their market debut on Thursday as investors bet the e-commerce software company will benefit from the rapid global spread of online buying and selling. Global Brass and Copper and Ply Gem Holdings rose less than 20 percent and Constellium declined 5.5 percent.
SALT LAKE City, May 23- After dozens of meetings with executives and regulators, 100,000 hours of employee training and an immeasurable amount of public grief, Goldman Sachs Group Inc CEO Lloyd Blankfein claimed success in putting his bank and his legacy back on track.
NEW YORK, May 23- Shares of American Electric Power Inc and NextEra Energy Inc plunged more than 50 percent in the first seconds of trading on the New York Stock Exchange on Thursday, the latest in a flurry of unexplained sharp drops in the market.
CHICAGO, May 23- U.S. scientists say a dramatic result last year suggesting that a cancer drug already approved by U.S. regulators could quickly clear out Alzheimer's plaques in mice was too good to be true.
NEW YORK, May 23- U.S. prosecutors are seeking testimony from three senior executives of the $15 billion hedge fund SAC Capital Advisors, the Wall Street Journal reported on Thursday. Attorney's office for the Southern District of New York issued subpoenas to SAC's president, chief compliance officer and head of trading, according to the Journal's report.
*Japan, Europe tumble after weak data from China, euro zone. NEW YORK, May 23- Stock markets around the world fell on Thursday, extending the previous day's steep decline on concerns over the pace of global economic growth and when the U.S.
A sustained slowdown in China would rattle the sector with double-digit gaming revenue from Macau. Macau, an hour from Hong Kong by high-speed hydrofoil ferry, is a key market for casino operators such as Las Vegas Sands Corp., Wynn Resorts Ltd. and MGM Resorts International, which are investing heavily in new casino resorts.
NEW YORK-- Shares of some top chemicals companies are down at 1 p.m.:. Dow Chemical Co. fell$. 30 or. 9 percent, to $34.82. DuPont Co. fell$. 24 or. 4 percent, to $55.33.
Ford Motor Co. fell$. 14 or. 9 percent, to $14.83. General Motors Co. fell$. 43 or 1.3 percent, to $32.80. Honda Motor Co. fell $1.28 or 3.1 percent, to $39.99.
AT&T Inc. unchanged at $36.62. Sprint Nextel rose$. 04 or. 6 percent, to $7.34. Verizon Communications Inc. rose$. 25 or. 5 percent, to $51.72.
Autozone Inc. rose $2.06 or. 5 percent, to $419.78. Bed Bath& Beyond Inc. rose$. 82 or 1.2 percent, to $69.09. Best Buy rose$. 23 or. 9 percent, to $25.88.
Cirrus Logic Inc. fell 17.9 percent to $18.13 with 14,959,900 shares traded. Cisco Systems Inc. rose. 7 percent to $23.50 with 26,854,300 shares traded. Facebook Inc. rose. 4 percent to $25.26 with 23,314,600 shares traded.
Becton, Dickinson& Co. rose$. 27 or. 3 percent, to $100.29. Covidien fell$. 02 or percent, to $65.23. PerkinElmer fell$. 21 or. 7 percent, to $31.61.
Coca-Cola Co. fell$. 29 or. 7 percent, to $41.96. Dr Pepper Snapple fell$. 39 or. 8 percent, to $47.87. Molson Coors Brewing Co. fell$. 50 or 1.0 percent, to $51.19.
Cigna Corp. fell$. 51 or. 8 percent, to $67.45. Humana Inc. rose$. 34 or. 4 percent, to $79.51. UnitedHealth Group fell$. 19 or. 3 percent, to $62.09.