Stocks rallied again Thursday, with the Standard & Poor's 500 index approaching its bull market high, as higher-than-estimated earnings at companies from Apple to Morgan Stanley bolstered optimism in the economy.
Apple said it sold 18.65 million iPhones in the latest quarter, up 113% from the year-ago period, fueled by the addition of Verizon as a second U.S. carrier and foreign growth.
Japanese consumer confidence plunged
in March as the devastating impact of the March
11 earthquake, tsunami and ongoing nuclear crisis weighed heavily on
the nation's economic outlook.
Timing is everything when it comes to the daily-deal model popularized by
Groupon Inc.: Grab the online discount before it expires. When it comes
to an initial public offering, however, the rapidly growing Chicago-based
startup may find it has the time to craft a strategy.
BUMP.com announced today that it has been recognized by WorldBlu as one of the Most Democratic Workplaces of 2011, along with Groupon, Zappos, Hulu and WD-40 Company.
Venture capitalists in the US increased
their investments by five percent in the first quarter of 2011, but
focused their funds on fewer companies.
Wall Street Banks are being grilled by US
securities regulators over alleged fraud in mortgage-bond deals that
played a large role in triggering the financial crisis of 2007-2008,
The Wall Street Journal reported Friday.
Federal bank regulators announced new rules Wednesday for 14
of the nation's largest mortgage servicers, saying the changes will
curb past and future foreclosure abuses.
Apple's iPad and the tablet revolution are beating at the gates of the traditional
PC sector, biting into the category and bringing uncertainty about the future of the industry.
Russian conglomerate AAR is planning a billion-
dollar lawsuit against BP because of its
planned cooperation with another Russian oil-firm.
U.S. markets were flat Thursday after a positive report from the Labor
Department and a slight downturn in factory orders reported by Commerce.
Growing gridlock and longer commute times are the price motorists are paying as the improving U.S. economy puts more people back to work, a report says.
Hewlett-Packard Co, the world's largest
computer maker, reported a 16-per-cent increase in profits on Tuesday
for the three months through January, the first quarter of the
company's budget year.