Financial Headlines

Yahoo net income down 20%, but Alibaba's earnings surge

Wednesday, April 16, 2014

Despite falling net income, Yahoo showed signs of recovery in its ad business, and found some cheer in surging profits from Chinese e-commerce giant Alibaba. Yahoo saw its profit fall 20 percent to $311 million for the quarter ending March 31, but it was still better than analysts expected. Display advertising sales were $453 million, and display revenue rose 2 percent to $409 million after ...

Homeowner
housing

Fannie Mae Poised to Repay Bailout

Fannie Mae posted net income of $6.5 billion in its eighth straight profitable quarter, and will have repaid its federal bailout after paying its fourth-quarter dividend to the U.S. Treasury.

Retirement Finance

Detroit Plan Bodes Ill for Calif. Pensions

Detroit proposed slashing retirement benefits by up to 34 percent in a plan unveiled Friday to get it out of bankruptcy, giving rise to significant implications for public pensions in California.

General Finance

FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal

The Federal Deposit Insurance Corp. alleges that 16 U.S. banks made money for themselves, and ruined other banks, by manipulating international interest rates.

College Finance
money and diploma

Feds Make Billions on Student Loans

The federal government will continue to reap profits from student loans till at least 2024, a new Congressional Budget Office study says.