Business Wire

Crude Oil Holds Near $112

Crude oil prices held close to $112 per barrel overnight in New York after Ford Motor Co. said it made a $2.6 billion profit in the first quarter.

New-home Sales Up in March but Still Anemic

The inventory of new homes for sale fell to 183,000 units in March, which is the second-lowest level on record.

BRIEF: US Economic Index Climbs for 9th month

A key gauge of US economic performance rose in March for the ninth straight month, pointing to strengthening business conditions, a private research group said Thursday.

Rising Economic Optimism Helps Stocks

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 Profit Nearly Doubles as Sales of iPhones Surge

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.

Japan's Consumer Confidence Tumbles in March After Massive Quake

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.

Groupon Gives Itself Time To Draft, Deliver Best IPO Plan

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., Groupon, Zappos, Hulu and WD-40: Most Democratic Workplaces of 2011 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 Capital Investments in US Rise

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 Negotiating Deal Over Finance Disaster

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.

Major Banks Told To Review Foreclosures

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.

IPad's Gain in Market Share Is the PC's Loss

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 Consortium Plans Billion-dollar Suit Against BP

Russian conglomerate AAR is planning a billion- dollar lawsuit against BP because of its planned cooperation with another Russian oil-firm.

Markets Flat, Dow Up Thursday

U.S. markets were flat Thursday after a positive report from the Labor Department and a slight downturn in factory orders reported by Commerce.

Better economy = worse congestion

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.

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