The peer-to-peer home rental company hopes to start collecting New York hotel taxes by July 1.» Read More
NEW YORK— Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services. Intel Corp. is the world's largest maker of microprocessors, which act as the "brains" of computers.
DETROIT— As General Motors shows off its newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots.
In the meantime, though, fund managers are buying Diebold Corp, the automated teller machine maker whose stock has underperformed bigger rival NCR Corp since 2009, on signs it may post better returns than NCR this year.
NEW YORK— Stocks managed to close with modest gains on Wall Street after a day of up-and-down trading. Johnson& Johnson rose 2 percent after its income rose. Toll Brothers and other homebuilders fell after a measure of the industry's confidence in the housing market remained low.
April 15- ConMed Corp, a surgical device maker that has been fighting off activist investors, is exploring a sale and has contacted large medical device companies to gauge their buyout interest, people familiar with the matter said on Tuesday.
April 15- A federal judge on Tuesday rejected a request by Standard& Poor's to split up the U.S. government's $5 billion lawsuit accusing it of lying about its credit ratings, paving the way for a single trial in the civil fraud case.
*Russia says Ukraine on brink of civil war. Russia declared Ukraine on the brink of civil war on Tuesday as Kiev said an "anti-terrorist operation" against pro- Moscow separatists was under way, with troops and armored personnel carriers seen near a flashpoint eastern town.
ATLANTA, April 15- The U.S. Federal Reserve is considering further steps to force big banks to hold more capital, and sees a case for other stability-enhancing measures for more shadowy areas of Wall Street as well, Fed Chair Janet Yellen said on Tuesday.
April 15- New York state's top financial regulator has ordered Credit Suisse to turn in the employment records of its former New York head as part of a widening investigation into potential tax evasion involving the Swiss bank, a source close to the matter told Reuters.
Four months later, Age Group and PetSmart struck a deal under which PetSmart would buy Stewart-branded pet products from Age Group. Martha Stewart Living disparaged Age Group to PetSmart and withheld approval of pet products to try to get PetSmart to contract directly with Martha Stewart Living, according to the complaint.
*Russia says Ukraine on brink of civil war. Russia declared Ukraine on the brink of civil war as Kiev began a "special operation" against pro-Russian separatists in the eastern town of Kramatorsk and retook a main airfield there. Brent rose to near a six-week high on Monday after Western powers agreed to expand sanctions against Russia over Ukraine.
*Prices gain as Ukraine tensions spark safety buying. Treasury debt prices gained on Tuesday as rising tensions in Ukraine sparked a safety bid for U.S. bonds, and a weak manufacturing survey for New York state pointed to sluggish economic momentum.
April 15- For business flyers like Adam Kubryk, who is on the road about 200 days a year, one of the perks of flying often and using the same airline regularly is getting upgraded from coach to business class when a seat is available. The issue: in March, the airline stopped offering upgrades for flights between New York and Los Angeles, San Francisco or Seattle.
RIO DE JANEIRO, April 15- Fundraising by private-equity and venture capital firms in Brazil is expected to rise this year, a senior industry executive said, which could help propel new acquisitions in the infrastructure, logistics and information technology sectors.
WASHINGTON, April 15- U.S. consumer prices firmed a bit in March, as food and housing rental costs rose in a possible sign that a disinflationary trend had run its course. "The sharp upswing in housing costs could be an early signal of a more sustained push higher in inflation," said Millan Mulraine, deputy chief economist at TD Securities in New York.
NEW YORK— Lee Boudreaux, a top literary editor who has worked with Curtis Sittenfeld, Ben Fountain and numerous other authors, is switching publishers and getting her own imprint. Little, Brown and Company announced Tuesday that Boudreaux will officially begin her new job on Sept. 2, overseeing an imprint expected to publish eight to 10 books a year.
NEW YORK, April 15- U.S. stocks fell on Tuesday as early gains evaporated when momentum shares once again lost ground, overshadowing a jump in Coca-Cola and Johnson& Johnson after their quarterly earnings. Tesla Motors Inc fell 5.5 percent to $187.25 and NetFlix Inc dropped 4.5 percent to $316.82 to rank among the worst performers in the Nasdaq 100 index.
NEW YORK— The groundbreaking song-and-dance show "Soul Train" is chugging toward Broadway.
The U.S. 6th Circuit Court of Appeals concluded that prosecutors presented enough evidence to back their contention that 53- year-old Christopher Cello Smith of Prestonsburg, Ky., and 58- year-old Michael D. Smith of Cookeville, Tenn., defrauded thousands of investors.
NEW YORK— A women's media group has created a new award for courage honoring Associated Press photographer Anja Niedringhaus, who was killed on assignment in Afghanistan, the group announced Tuesday.