Stocks turned mostly lower Wednesday as better-than-expected growth in the second quarter fostered talk of Fed rate hikes.» Read More
TOKYO— Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker. Sony's April-June profit soared to 26.8 billion yen from 3.1 billion yen a year earlier.
NEW YORK, July 31- American families borrowed less to pay for sending their children to college in 2013 than in the previous two years, according to a report from student lender Sallie Mae.
WASHINGTON— President Barack Obama is preparing to sign an executive order cracking down on labor violations by companies that contract with the federal government, the White House said Wednesday. It mirrors protections Congress has already enacted that apply to Pentagon contracts.
NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. Twitter Inc., up $7.71 to $46.30. United States Steel Corp., up $5.36 to $33.03.
*Twitter shares rally a day after results. Among the biggest positives were bank shares, with the S&P financial index up 0.4 percent, helping to support the S&P 500. Shares of Wells Fargo gained 1.1 percent to $52.10.
NEW YORK, July 30- The S&P 500 was near flat on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates.
WASHINGTON— Federal investigators looking for fraud in the nation's capital are scrutinizing a program meant to give local contractors a share of major construction projects, people familiar with the probe have told The Associated Press. Three people in contact with investigators say the FBI and the U.S.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. Advanced Micro Devices Inc. rose. 8 percent to $3.82 with 42,461,500 shares traded. Bank of America Corp. rose 1.6 percent to $15.58 with 80,663,400 shares traded.
NEW YORK— A look at the 10 biggest percentage gainers on New York Stock Exchange at the close of trading:. Rubicon Project rose 27.3 percent to $13.01. Inphi Corp. rose 24.1 percent to $15.87.
BRUSSELS— The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies or face even tougher penalties. EU officials say the penalties can be eased if Moscow cooperates in Ukraine.
NEW YORK— Jacquie Whitt's trip to the Galapagos with a group of teenagers was memorable not just for the scenery and wildlife, but also for the way the kids preserved their memories. For this generation, "digital devices are now part of the interpretive experience," said Whitt, co-founder of Adios Adventure Travel.
July 30- The surge in Twitter Inc's shares has revived debate about whether the stock warrants a valuation that is five times that of Facebook Inc, its biggest rival in social media. Twitter reported on Tuesday that its active users jumped 24 percent to 271 million in the second quarter.
A key GOP lawmaker says the remarks show that Lois Lerner was biased against conservative groups and targeted them for extra scrutiny. In a series of emails with an associate in November 2012, Lerner made two disparaging remarks about some members of the GOP, including one remark that was a profane characterization.
Facebook versus Twitter is not the correct framing, explains FMHR trader Josh Brown of Ritholtz Wealth Management. Zach Seward, QZ.com senior editor and the FMHR traders weigh in.
Is it time to show Twitter some love? Zach Seward, Quartz.com senior editor and the FMHR traders take their positions.
*Twitter rallies after blockbuster results. NEW YORK, July 30- U.S. stocks were flat on Wednesday, paring earlier gains as a strong read on second-quarter economic growth sparked concerns the Federal Reserve may adjust its stimulus earlier than expected.
Mark Mahaney, RBC Capital Markets managing director, discusses if Twitter is on the same P&L path that Facebook followed. Mahaney says from an advertising perspective the difference between the two is night and day.
NEW YORK, July 30- The dollar hit 10- month highs against a basket of major currencies on Wednesday while U.S. two-year note yields surged to their highest since May 2011 after data showed surprisingly strong U.S. economic growth.
The Senate voted 54-42 to end debate on the bill, six short of the 60 votes needed to advance it. The White House says President Barack Obama supports the legislation.
Roger McNamee, Elevation Partners co-founder, explains the monetization challenges facing Twitter. McNamee says Twitter's core problem is getting users engaged and deeply using the product.