Mike McCann, Prudential Fox & Roach Realtors, weighs in on the Philadelphia housing market.» Read More
*Alcoa earnings beat expectations, but revenue falls. *Consumer staples lead the day's advance, Monster Beverage jumps. NEW YORK, April 8- U.S. stocks ended a volatile session higher on Monday as investors looked ahead to an earnings season expected to show modest growth despite concerns about the economy's health.
*Alcoa rises after market close as earnings beat expectations. *Consumer staples lead the day's advance, Monster Beverage jumps. NEW YORK, April 8- U.S. stocks ended a volatile session higher on Monday as investors looked ahead to an earnings season expected to show modest growth despite concerns about macroeconomic conditions.
NEW YORK, April 8- The yen dropped for a third straight day against the dollar and the euro on Monday as the Bank of Japan began aggressive monetary easing in an attempt to beat persistent deflation, boosting stocks in most markets, though U.S. gains were limited ahead of quarterly earnings reports.
*Alcoa to report after market closes, could set initial tone. *Earnings expected to grow, but may struggle to top forecasts. NEW YORK, April 8- U.S. stocks rose slightly in a volatile session on Monday as investors were reluctant to make large bets going into an earnings season that is expected to be lackluster.
WASHINGTON, April 4- The U.S. Justice Department is again testing the reach of a once-dormant civil fraud law, applying it to money laundering after reviving it recently for cases tied to the financial crisis. In November, the Justice Department brought its first money-laundering case using FIRREA, in a lawsuit against the First Bank of Delaware.
WASHINGTON, April 3- A shortage of properties could take some edge off U.S. home sales during the spring selling season, but the housing market recovery should remain intact.
*Healthcare stocks rally, Humana among S&P's top percentage gainers. The news boosted shares of some health insurers, including Humana, which derives about two-thirds of its revenue from Medicare Advantage business.
The court said the Cincinnati- based 6th U.S. Circuit Court of Appeals decision endorsing a group lawsuit, known as class action certification, had to be reconsidered in light of the Supreme Court's 5-4 ruling last week in another consumer case involving Comcast Corp..
The court said the Cincinnati- based 6th U.S. Circuit Court of Appeals decision endorsing a group lawsuit, known as class action certification, had to be reconsidered in light of the Supreme Court's 5-4 ruling last week in another consumer case involving Comcast Corp.. The court said 2 million subscribers in the Philadelphia area could not sue Comcast as a group.
*Comcast accused of overcharging cable TV subscribers. March 27- The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp in an antitrust case over how much it charged cable TV subscribers, in a decision that limits the ability of people to pursue class action lawsuits.
The Supreme Court ruled Wednesday in favor of Comcast in a 5-4 decision that prevents cable TV subscribers in Philadelphia who had accused the company of owning a monopoly from filing suit as a group.
March 27- The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp in an antitrust case over how much it charged cable TV subscribers.
*Cyprus now seeking a new loan from Russia. NEW YORK, March 20- Prices for U.S. The Fed will keep pumping up to $85 billion into the economy each month until the job market gets significantly better, though Chairman Ben Bernanke said the bank could vary the rate of purchase as the economy improves.
Twenty-three years after the Gardner Museum heist, the FBI is renewing an attempt to recover 13 pieces of art. It says it believes it knows the identities of the thieves and is offering a $5 million reward in an attempt to recover the 13 pieces of art.
Standard & Poor's on Friday showed its support for Michigan's takeover of Detroit by upgrading the city's credit rating to "stable" from "negative."
BOSTON/ NEW YORK, March 15- Two institutional investors with William Ackman's $12 billion hedge fund plan to reach out to the manager to get more information about the firm's big bet on ailing retailer JC Penney, whose stock has dropped 21 percent this year.
Bankruptcy lawyer Kevyn Orr was named Detroit's emergency financial manager.
While the private sector roars back, public sector hiring in areas such as education continues to feel the after-effects of the 2008 recession.
WASHINGTON, March 13- Nicole Lyons gave up. "In 2012, after two years working as a sub and continuing to see layoffs, I was like,' I can't work 50 hours a week one more year,"' said the Los Angeles resident. "
NEW YORK, March 12- The S&P 500 ended lower on Tuesday, breaking a seven-session string of gains as investors pulled back from technology and financials, but the Dow eked out the smallest of gains to finish at another all-time closing high.