Business

Wall Street Caps a Wild Month With a Rally

Specialist Michael Pistillo, left, works with traders at his post on the floor of the New York Stock Exchange, Friday, Oct. 31, 2014. U.S. stocks are opening higher following big gains in Asia after Japan made moves to rev up its economy. (AP Photo/Richard Drew)
Specialist Michael Pistillo, left, works with traders at his post on the floor of the New York Stock Exchange, Friday, Oct. 31, 2014. U.S. stocks are opening higher following big gains in Asia after Japan made moves to rev up its economy. (AP Photo/Richard Drew)

NEW YORK—The U.S. stock market is capping a seesaw month by jumping to all-time highs just two weeks after enduring its worst slump since 2012. Global markets roared higher after Japan’s...

Economies

Omega to Buy Out Rival Aviv in $3B All-stock Deal

Omega Healthcare will buy rival real estate investment trust Aviv in a $3 billion all-stock deal combining two companies that each run hundreds of nursing homes. Aviv shareholders will receive a portion of Omega stock valued at $34.97 for each …... Read More


Most recent Business blogs and columns

  • The new headquarters of the European Central Bank (ECB), building at right, under construction on the water front of the River Main in Frankfurt, Germany, on Sept. 24, 2014. The European Central Bank said Sunday Oct. 26, 2014, that 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and must increase their capital buffers against losses by 10 billion euros ($12.5 billion). (AP Photo/Michael Probst)

    Eurozone Inflation Creeps Up to 0.4 Percent

    FRANKFURT, Germany— Inflation has crept higher in the 18 countries that use the euro but the rise to 0.4 percent in the year to October... Read more

  • ECB building in Frankfurt, Germany. (Shutterstock*)

    Spain Passes “Stress Test” of the European Central Bank

    MADRID—On October 26  2014, the European Central Bank (ECB) published its overall evaluation that reveals “the financial health of 130 European banks in the Eurozone,... Read more

  • (Shutterstock*)

    Not so Sweet: Chocolate Prices Are Set to Rise

    NEW YORK—That bowl of chocolates for ninjas and ghosts won’t cost you more this Halloween. Picking the perfect sweet for your Valentine could. The cost... Read more

  • Journalists visit the production a production facility for international automotive supplier Takata Ignition Systems GmbH in Schoenebeck, Germany, on April 17, 2014. US safety regulators on Thursday, Oct. 30, 2014, ordered Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers and passengers. (AP Photo/Jens Meyer)

    US Turns Up Heat on Takata Over Air Bag Problem

    DETROIT—U.S. safety regulators are ordering Japanese auto supplier Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers... Read more

  • Specialist Michael O'Mara (L) works on the floor of the New York Stock Exchange Wednesday, Oct. 15, 2014. (AP Photo/Richard Drew)

    Big Gain in Visa Drives Dow Jones Average Higher

    NEW YORK—Solid quarterly results from a range of big companies helped send the stock market slightly higher Thursday. The standout was Visa, whose 10 percent... Read more

  • An aging sign is seen at Stockton City Hall on June 27, 2012, in Stockton, California. (Justin Sullivan/Getty Images)

    Judge Approves Stockton City Bankruptcy Plan

    SACRAMENTO, Calif.—A judge on Thursday approved a plan by Stockton, California, one of the largest U.S. cities to declare bankruptcy, allowing it to eliminate more than $2 billion in long-term debt payments without touching its... Read more

  • A view of a Walmart in Washington, DC, on Sept. 25, 2014. (Brendan Smialowski/AFP/Getty Images)

    Wal-Mart Tests Matching Prices With Online Rivals

    NEW YORK—Wal-Mart Stores Inc. is considering matching online prices from competitors such as Amazon.com, raising the stakes for the holiday shopping season. The world’s largest... Read more

  • People make their way through a scaffolding over a footpath in New York on Oct. 30, 2014. (Jewel Samad/AFP/Getty Images)

    US Economy Rallies to Solid 3rd-Quarter Growth

    WASHINGTON—The U.S. economy powered its way to a respectable growth rate of 3.5 percent from July through September, outpacing most of the developed world and... Read more

  • The New York Times building is seen on October 1, 2014 in New York City. (Andrew Burton/Getty Images)

    The New York Times Loses $12.5 Million, Still Beats Wall Street Street Forecasts

    NEW YORK—The New York Times Co. (NYT) on Thursday reported a third-quarter loss of $12.5 million. The New York-based newspaper publisher said it had a... Read more

  • In this Oct. 27, 2014 photo, a realty sign is posted in front of a home for sale in Carlsbad, Calif. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, Oct. 30, 2014. (AP Photo/Lenny Ignelzi)

    Average 30-year Mortgage Rate Up to 3.98 Percent

    WASHINGTON—Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent. Mortgage company Freddie Mac says... Read more

  • This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. (AP Photo/Richard Drew)

    Wall Street Stocks Are Mixed in Early Trading

    NEW YORK—U.S. stocks are drifting in early trading Thursday as a parade of big companies turn in quarterly results. A strong gain for Visa pulled... Read more

  • This product image provided by Google shows the Nexus 6 smartphone. The phone boasts a nearly 6-inch screen, eclipsing the 5.5-inch display on the iPhone 6 Plus that Apple began selling last month. (AP Photo/Google)

    Lenovo Completes Purchase Of Motorola Mobile Phone Unit

    BEIJING—Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google Inc. on Thursday in a move aimed at making the Chinese computer... Read more

  • Traders work on the floor of the New York Stock Exchange Wednesday, Oct. 29, 2014. Major stock indexes traded in a tight range in the early going as investors wait for word from the Federal Reserve and mull over a mixed batch of earnings results. (AP Photo/Richard Drew)

    Stocks Mixed After Fed Ends Stimulus

    HONG KONG— Stock markets mostly rose in Asia but fell in Europe on Thursday after the Federal Reserve said it will end a stimulus program... Read more

  • (AFP/Getty Images)

    Shell: Oil Drop Yet to Have Full Impact on Profits

    AMSTERDAM— Shell, Europe’s largest oil producer, reported a dip in third quarter profit on Thursday, but said it has yet to feel the full impact... Read more

  • A Visa credit card is offered at the opening of the Superdry store in New York's Times Square, on May 9, 2012. (AP Photo/Richard Drew)

    Visa Posts Lower 4Q Profit; Beats Wall Street Previews

    LOS ANGELES—Visa Inc.’s profit fell about 10 percent in its fiscal fourth quarter, weighed down by one-time litigation expenses. But the latest results beat Wall... Read more

  • A technician works on a engine at the Ferrari plant in Maranello, Italy, on May 8, 2013. Fiat Chrysler Automobiles on Wednesday, Oct. 29, 2014 said it will spin off Ferrari into a separate company. (AP Photo/Marco Vasini)

    Fiat Chrysler to Spin Off Luxury Brand Ferrari

    MILAN—Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand’s value... Read more

  • Journalists visit the production a production facility for international automotive supplier Takata Ignition Systems GmbH in Schoenebeck, Germany, on April 17, 2014. US safety regulators on Thursday, Oct. 30, 2014, ordered Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers and passengers. (AP Photo/Jens Meyer)

    US Turns Up Heat on Takata Over Air Bag Problem

    DETROIT—U.S. safety regulators are ordering Japanese auto supplier Takata Corp. to provide more information about air bags that can explode and shoot shrapnel toward drivers... Read more

  • Specialist Michael O'Mara (L) works on the floor of the New York Stock Exchange Wednesday, Oct. 15, 2014. (AP Photo/Richard Drew)

    Big Gain in Visa Drives Dow Jones Average Higher

    NEW YORK—Solid quarterly results from a range of big companies helped send the stock market slightly higher Thursday. The standout was Visa, whose 10 percent... Read more

  • A view of a Walmart in Washington, DC, on Sept. 25, 2014. (Brendan Smialowski/AFP/Getty Images)

    Wal-Mart Tests Matching Prices With Online Rivals

    NEW YORK—Wal-Mart Stores Inc. is considering matching online prices from competitors such as Amazon.com, raising the stakes for the holiday shopping season. The world’s largest... Read more

  • The New York Times building is seen on October 1, 2014 in New York City. (Andrew Burton/Getty Images)

    The New York Times Loses $12.5 Million, Still Beats Wall Street Street Forecasts

    NEW YORK—The New York Times Co. (NYT) on Thursday reported a third-quarter loss of $12.5 million. The New York-based newspaper publisher said it had a... Read more

  • This product image provided by Google shows the Nexus 6 smartphone. The phone boasts a nearly 6-inch screen, eclipsing the 5.5-inch display on the iPhone 6 Plus that Apple began selling last month. (AP Photo/Google)

    Lenovo Completes Purchase Of Motorola Mobile Phone Unit

    BEIJING—Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google Inc. on Thursday in a move aimed at making the Chinese computer... Read more

  • A Visa credit card is offered at the opening of the Superdry store in New York's Times Square, on May 9, 2012. (AP Photo/Richard Drew)

    Visa Posts Lower 4Q Profit; Beats Wall Street Previews

    LOS ANGELES—Visa Inc.’s profit fell about 10 percent in its fiscal fourth quarter, weighed down by one-time litigation expenses. But the latest results beat Wall... Read more

  • A technician works on a engine at the Ferrari plant in Maranello, Italy, on May 8, 2013. Fiat Chrysler Automobiles on Wednesday, Oct. 29, 2014 said it will spin off Ferrari into a separate company. (AP Photo/Marco Vasini)

    Fiat Chrysler to Spin Off Luxury Brand Ferrari

    MILAN—Fiat Chrysler Automobiles announced Wednesday it will spin off sports car maker Ferrari into a separate company, a move to unlock the luxury brand’s value... Read more

  • FILE - In This Tuesday, July 17, 2012 file photo shows the corporate headquarters of Wellpoint in Indianapolis. Wellpoint reports quarterly financial results Wednesday, Oct. 29, 2014. (AP Photo/Michael Conroy, File)

    Business Booming at WellPoint Thanks to Affordable Care Act

    INDIANAPOLIS—WellPoint raised its 2014 earnings forecast again and trumped third-quarter expectations as the overhaul of the health care system adds millions to the nation’s health... Read more

  • This product image provided by Fiat Chrysler Automobiles shows the 2014 Dodge Durango. (AP Photo/Fiat Chrysler Automobiles)

    Chrysler Recalls More Than 566,000 Trucks, SUVs

    DETROIT—Fiat Chrysler is recalling more than 566,000 trucks and SUVs in two recalls for malfunctioning fuel heaters that can cause fires and a software glitch... Read more

  • FILE - In this April 4, 2014 file photo, Brayden Wienke stacks Goodyear tires at Texas Motor Speedway in Fort Worth, Texas. Goodyear reports quarterly financial results on Wednesday, Oct. 29, 2014. (AP Photo/Ralph Lauer, File)

    Goodyear’s 3Q Profit Falls, but Share Price Rises

    AKRON, Ohio—Goodyear Tire’s third-quarter net income slipped 3 percent, but its adjusted earnings easily beat Wall Street expectations. Shares of the tire maker rose 10... Read more

  • The AT&T Communications Inc. corporate headquarters building is seen March 6, 2006, in San Antonio, Texas. (Toby Jorrin/Getty Images)

    FTC Says AT&T Misled Customers With Unlimited Data

    WASHINGTON—AT&T is being sued by the government over allegations it misled millions of smartphone customers about its unlimited data plans. The Federal Trade Commission says... Read more

  • In this Tuesday, Aug. 19, 2014, photo, a pedestrian walks past a sign for Aetna Inc., at the company headquarters in Hartford, Conn. Aetna reports quarterly financial results on Tuesday, Oct. 28, 2014. (AP Photo/Jessica Hill)

    Aetna Tops Q3 Predictions but High Costs Drive Down Share Price

    Aetna became the latest major health insurer to thump third-quarter expectations and raise its 2014 forecast, but the company’s shares slipped Tuesday after it also... Read more

  • The Chevrolet Volt on display at the 2013 North American International Auto Show in Detroit, Michigan, January 15, 2013. (Stan Honda/AFP/Getty Images)

    GM Moving Volt Production to US

    DETROIT—General Motors is moving production of a critical component in the Chevrolet Volt from Mexico to Michigan. GM CEO Mary Barra is expected to announce... Read more

  • This May 4, 2014 photo shows the logo on the exterior of a former Pfizer factory in the Brooklyn borough of New York. The pharmaceutical giant reports quarterly financial results on Tuesday, Oct. 28, 2014. (AP Photo/Mark Lennihan)

    Pfizer Ups Q3 Earnings With Growth in Emerging Markets

    WASHINGTON—Pfizer reported better-than-expected third quarter earnings Tuesday as higher sales in emerging markets like China helped offset missing revenue from former blockbuster drugs that have... Read more

  • Martha Stewart gives a demonstration of recipes from her book 'One Pot' on the KitchenAid stage at the Grand Tasting presented by ShopRite featuring KitchenAid® culinary demonstrations presented by MasterCard during the Food Network New York City Wine & Food Festival Presented By FOOD & WINE at Pier 94 on October 18, 2014 in New York City. (Larry Busacca/Getty Images for NYCWFF)

    Martha Stewart Corporation Posts Third-Quarter Loss

    NEW YORK—Martha Stewart Living Omnimedia Inc. (MSO) on Tuesday reported a loss of $10.9 million in its third quarter. On a per-share basis, the New... Read more

  • FILE - This Jan. 23, 2012, file photo, shows a DuPont logo on sheets of Tyvek insulation covering a wall of a home under construction in Springfield, Ill. DuPont reports quarterly financial results on Tuesday, Oct. 28, 2014. (AP Photo/Seth Perlman, File)

    DuPont Cuts Production Costs, Raises Third Quarter Earnings

    WILMINGTON, Del.—The DuPont Co. said Tuesday that strong performance in its nutrition and health unit and lower raw material costs contributed to an increase in... Read more

  • Coach Earns More Than Predicted in Fiscal First Quarter

    NEW YORK—Coach Inc. (COH) on Tuesday reported fiscal first-quarter profit of $119.1 million. On a per-share basis, the New York-based company said it had net... Read more

  • BP Third-Quarter Profits Hit by Drop in Oil Prices

    LONDON—British oil company BP says its earnings have fallen in the third quarter as the price of crude oil dropped globally. The company says its... Read more

  • (Bethany Clarke/Getty Images; effects added by Epoch Times)

    3Q User Growth Hits Twitter Stock After-Hours

    NEW YORK— Twitter’s third-quarter revenue outpaced expectations, but investors concerned about user growth and holiday-quarter sales clipped the company’s stock price late Monday. The San... Read more

  • In this Thursday, Feb. 28, 2013 photo, Merck scientist Meizhen Feng conducts research to discover new HIV drugs in West Point, Pa.  reports quarterly financial results before the market opens Monday, Oct. 27, 2014. (AP Photo/Matt Rourke)

    Merck 3Q Profit Drops but Still Tops Analysts’ Estimates

    WHITEHOUSE STATION, N.J.—Merck’s third-quarter net income fell mostly because of large costs tied to acquisitions and divestitures. But the drugmaker’s adjusted earnings topped Wall Street’s... Read more

  • The new headquarters of the European Central Bank (ECB), building at right, under construction on the water front of the River Main in Frankfurt, Germany, on Sept. 24, 2014. The European Central Bank said Sunday Oct. 26, 2014, that 13 of Europe's 130 biggest banks have flunked an in-depth review of their finances and must increase their capital buffers against losses by 10 billion euros ($12.5 billion). (AP Photo/Michael Probst)

    Eurozone Inflation Creeps Up to 0.4 Percent

    FRANKFURT, Germany— Inflation has crept higher in the 18 countries that use the euro but the rise to 0.4 percent in the year to October... Read more

  • ECB building in Frankfurt, Germany. (Shutterstock*)

    Spain Passes “Stress Test” of the European Central Bank

    MADRID—On October 26  2014, the European Central Bank (ECB) published its overall evaluation that reveals “the financial health of 130 European banks in the Eurozone,... Read more

  • (Shutterstock*)

    Not so Sweet: Chocolate Prices Are Set to Rise

    NEW YORK—That bowl of chocolates for ninjas and ghosts won’t cost you more this Halloween. Picking the perfect sweet for your Valentine could. The cost... Read more

  • Specialist Michael O'Mara (L) works on the floor of the New York Stock Exchange Wednesday, Oct. 15, 2014. (AP Photo/Richard Drew)

    Big Gain in Visa Drives Dow Jones Average Higher

    NEW YORK—Solid quarterly results from a range of big companies helped send the stock market slightly higher Thursday. The standout was Visa, whose 10 percent... Read more

  • An aging sign is seen at Stockton City Hall on June 27, 2012, in Stockton, California. (Justin Sullivan/Getty Images)

    Judge Approves Stockton City Bankruptcy Plan

    SACRAMENTO, Calif.—A judge on Thursday approved a plan by Stockton, California, one of the largest U.S. cities to declare bankruptcy, allowing it to eliminate more than $2 billion in long-term debt payments without touching its... Read more

  • People make their way through a scaffolding over a footpath in New York on Oct. 30, 2014. (Jewel Samad/AFP/Getty Images)

    US Economy Rallies to Solid 3rd-Quarter Growth

    WASHINGTON—The U.S. economy powered its way to a respectable growth rate of 3.5 percent from July through September, outpacing most of the developed world and... Read more

  • In this Oct. 27, 2014 photo, a realty sign is posted in front of a home for sale in Carlsbad, Calif. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, Oct. 30, 2014. (AP Photo/Lenny Ignelzi)

    Average 30-year Mortgage Rate Up to 3.98 Percent

    WASHINGTON—Average U.S. long-term mortgage rates arrested their five-week decline this week but the benchmark 30-year loan remained below 4 percent. Mortgage company Freddie Mac says... Read more

  • Traders work on the floor of the New York Stock Exchange Wednesday, Oct. 29, 2014. Major stock indexes traded in a tight range in the early going as investors wait for word from the Federal Reserve and mull over a mixed batch of earnings results. (AP Photo/Richard Drew)

    Stocks Mixed After Fed Ends Stimulus

    HONG KONG— Stock markets mostly rose in Asia but fell in Europe on Thursday after the Federal Reserve said it will end a stimulus program... Read more

  • (AFP/Getty Images)

    Shell: Oil Drop Yet to Have Full Impact on Profits

    AMSTERDAM— Shell, Europe’s largest oil producer, reported a dip in third quarter profit on Thursday, but said it has yet to feel the full impact... Read more

  • Background: Federal Reserve building in Washington DC superimposed on a twenty dollar bill. (Shutterstock*) Left: Federal Reserve Bank Chairwoman Janet Yellen delivers remarks on May 1, 2014, in Washington, DC. The Fed’s latest statement released Oct. 29 detailed the ending of quantitative easing. (Chip Somodevilla/Getty Images)

    Fed Upgrades Labor Market, Ends QE

    The Federal Open Market Committee (FOMC) ended its quantitative easing (QE) program and upgraded its outlook on the U.S. economy in a distinctly hawkish statement... Read more

  • Trader Christopher Lotito works on the floor of the New York Stock Exchange Wednesday, Oct. 29, 2014. Major stock indexes traded in a tight range in the early going as investors wait for word from the Federal Reserve and mull over a mixed batch of earnings results. (AP Photo/Richard Drew)

    Stocks Slip as Investors Await Fed Statement

    NEW YORK—Major U.S. stock indexes slipped in afternoon trading Wednesday as investors waited for word from the Federal Reserve and mulled over a mixed batch... Read more

  • A sheet of uncut $100 bills is inspected during the printing process at the Bureau of Engraving and Printing Western Currency Facility in Fort Worth, Texas, on Sept. 24, 2014. (AP Photo/LM Otero)

    Q&A: Did the Fed’s $4 Trillion Experiment Work?

    NEW YORK—The $4 trillion experiment is almost over. At the conclusion of a two-day meeting on Wednesday, the Federal Reserve is expected to announce the... Read more

  • Organiszation for Economic Co-operation and Development, OECD Secretary General Angel Gurria, right looks on as Spanish Finance Minister Luis De Guindos, left, and British Chancellor of the Exchequer George Osborne sign an information exchange agreement during the „Global Forum on Transparency and Exchange of Information for Tax Purposes“ at the finance ministry in Berlin, Germany, Wednesday, Oct. 29, 2014. (AP Photo/Ferdinand Ostrop)

    51 Nations Sign Anti-Tax Evasion Deal; US Doesn’t

    BERLIN—Fifty-one countries have signed an agreement to share financial data and boost efforts to crack down on tax evasion. The standard agreed upon in Berlin... Read more

  • Chief Finance Officer of Statoil, Torgrim Reitan, speaks to members of the media during a press conference to announce their 2012 fourth quarter results at the London Stock Exchange in the City of London, Thursday, Feb. 7, 2013. Norwegian oil company Statoil ASA on Thursday said its fourth-quarter profits plunged 50 percent as revenue dropped because of lower oil and gas prices. (AP Photo/Sang Tan)

    Statoil Profits Hit by Lower Oil, Gas Prices

    HELSINKI— Norwegian energy company Statoil says impairment charges and lower oil and gas prices pushed it into net loss of 4.8 billion kroner ($727 million)... Read more

  • FILE - In this Feb.6, 2014 file photo, CEO of Sanofi, Christopher A. Viehbacher, poses for photographers as he arrives for the annual results in Paris. The board of drug maker Sanofi has fired Viehbacher after he warned that pricing pressure on a best-selling diabetes treatment in the U.S. would hurt growth into next year. (AP Photo/Michel Euler, File)

    Sanofi Ousts CEO Amid Pressure Over Diabetes Drug

    PARIS— French drugmaker Sanofi sacked its CEO Wednesday following a board room rift over the handling of one of France’s largest publicly traded companies. Christopher... Read more

  • UN Secretary General Ban Ki-moon delivers a speech during a special session of the Executive Committee of the UN Refugee Agency, UNHCR, at the United Nations' European headquarters in Geneva, Switzerland, Wednesday, Oct. 1 2014. (AP Photo/Keystone, Martial Trezzini)

    No Flak Jacket: UN’s Ban Ki-moon Lands in Somalia

    MOGADISHU, Somalia— U.N. Secretary-General Ban Ki-moon made his second trip to Somalia’s capital on Wednesday, walking around the seaside airport complex in a dark business... Read more

  • Canadian Government Monitoring Oil Prices Carefully Ahead of Fall Fiscal Update

    OTTAWA—The federal government says it’s carefully monitoring the impact of sliding oil prices on public finances as it prepares to release its fall economic update... Read more

  • People walk to work on Wall Street beneath a statue of George Washington in New York on Oct. 8, 2014. US stocks rose early Tuesday, Oct. 28, 2014, as investors weighed earnings reports from several companies and awaited news from a two-day US Federal Reserve meeting that ends tomorrow. (AP Photo/Mark Lennihan)

    Stocks Rise on Climb in Profits, Confidence Index

    NEW YORK—U.S. stocks rose Tuesday after a key index tracking consumer confidence surged and several big companies reported earnings. Investors are also awaiting news from... Read more

  • Former Federal Reserve Chairman Ben Bernanke speaks about the Federal Reserve's first and next century, at the Brookings Institution in Washington on Jan. 16, 2014. Now that the Federal Reserve's bond-buying program, known as quantitative easing, or QE, is drawing to a close, economists have plenty of quibbles. But many agree that the central bank accomplished the bulk of its goals. (AP Photo/Manuel Balce Ceneta)

    How Well Did the Fed’s Stimulus Work?

    NEW YORK—Soaring inflation. A collapsing dollar. Bubbles in financial markets that would soon pop. One presidential candidate even suggested that the Federal Reserve chairman should... Read more

  • A brass sign reflects the daylight on the entrance to a Lloyd's Bank branch on September 17, 2013 in London, England. (Peter Macdiarmid/Getty Images)

    Britain’s Lloyds Bank to Cut 9,000 Jobs

    LONDON— Britain’s Lloyds Banking Group said Tuesday it will eliminate 9,000 jobs over the next three years and shut some 200 branches in a bid... Read more

  • Specialist Michael O'Mara (L) works on the floor of the New York Stock Exchange Wednesday, Oct. 15, 2014. (AP Photo/Richard Drew)

    Big Gain in Visa Drives Dow Jones Average Higher

    NEW YORK—Solid quarterly results from a range of big companies helped send the stock market slightly higher Thursday. The standout was Visa, whose 10 percent... Read more

  • This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. (AP Photo/Richard Drew)

    Wall Street Stocks Are Mixed in Early Trading

    NEW YORK—U.S. stocks are drifting in early trading Thursday as a parade of big companies turn in quarterly results. A strong gain for Visa pulled... Read more

  • A Visa credit card is offered at the opening of the Superdry store in New York's Times Square, on May 9, 2012. (AP Photo/Richard Drew)

    Visa Posts Lower 4Q Profit; Beats Wall Street Previews

    LOS ANGELES—Visa Inc.’s profit fell about 10 percent in its fiscal fourth quarter, weighed down by one-time litigation expenses. But the latest results beat Wall... Read more

  • Trader Christopher Lotito works on the floor of the New York Stock Exchange Wednesday, Oct. 29, 2014. Major stock indexes traded in a tight range in the early going as investors wait for word from the Federal Reserve and mull over a mixed batch of earnings results. (AP Photo/Richard Drew)

    Stocks Slip as Investors Await Fed Statement

    NEW YORK—Major U.S. stock indexes slipped in afternoon trading Wednesday as investors waited for word from the Federal Reserve and mulled over a mixed batch... Read more

  • The Wall Street subway stop on Broadway, in New York's Financial District,  Thursday, Oct. 2, 2014. Global stock markets swung higher Wednesday, Oct. 29, 2014 cheered by a surge in U.S. stocks that were buoyed by solid earnings, while investors were also waiting for signs from the Federal Reserve on U.S. monetary policy. (AP Photo/Richard Drew)

    Wall Street Stocks Waver in Morning Trading

    NEW YORK—Major stock indexes traded in a tight range in the early going as investors wait for word from the Federal Reserve and mull over... Read more

  • People walk to work on Wall Street beneath a statue of George Washington in New York on Oct. 8, 2014. US stocks rose early Tuesday, Oct. 28, 2014, as investors weighed earnings reports from several companies and awaited news from a two-day US Federal Reserve meeting that ends tomorrow. (AP Photo/Mark Lennihan)

    Stocks Rise on Climb in Profits, Confidence Index

    NEW YORK—U.S. stocks rose Tuesday after a key index tracking consumer confidence surged and several big companies reported earnings. Investors are also awaiting news from... Read more

  • Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on October 27, 2014 in New York City. Stocks were lower in morning trading. (Spencer Platt/Getty Images)

    Wall Street Stocks Fall in Afternoon Trading, Depressed by Oil, Energy

    NEW YORK—Energy companies led U.S. stocks lower in early trading Monday as crude oil sank below $80 a barrel. More disappointing economic news from Europe... Read more

  • A man looks at an electronic stock board of a securities firm in Tokyo, Monday, Oct. 27, 2014. Asian stock markets were mostly higher Monday after largely positive results from the European Central Bank's stress tests of financial institutions. Investors also looked ahead to earnings and a meeting of the U.S. Federal Reserve. (AP Photo/Koji Sasahara)

    Global Stock Markets Pleased by ECB Stress Test Results

    TOKYO—Shares were mostly higher Monday after largely positive results from the European Central Bank’s stress tests of financial institutions. Investors are also looking ahead to... Read more

  • A pedestrian on a smartphone in San Francisco on June 5, 2013. (Justin Sullivan/Getty Images)

    The Marketing Corner: ‘Brave New World’

    In 1931, English author Aldous Huxley penned “Brave New World.” Huxley’s book was truly a glimpse into the future. The book covered a variety of... Read more

  • A GrubHub sticker in front of a New York restaurant, on April 4, 2014, lets consumers know that food ordering is available online and in mobile. (AP Photo/Mark Lennihan)

    The Marketing Corner: Mobile’s Impact on Dining

    Americans spend a lot of time talking about food. Just take a look at Instagramand the numerous photos uploaded daily by users taking pictures of... Read more

  • A trader works on the floor of the New York Stock Exchange (NYSE) on Oct. 21, 2014, in New York City. (Spencer Platt/Getty Images)

    Stock Market’s Big Seesaw Gives Investors Pause

    NEW YORK—Sometimes a little fear is healthy for stock investors. Nine days ago, after a series of sharp sell-offs, the Standard & Poor’s 500 index... Read more

  • This Thursday, Oct. 2, 2014 photo shows the facade of the New York Stock Exchange. U.S. stocks rose again Friday, Oct. 24, 2014, putting the market on track for the best week in almost two years. Amazon plunged after the company reported dismal third-quarter results, but that wasn't enough to drag the rest of the market down. (AP Photo/Richard Drew)

    US Stock Market Has Best Week in Nearly 2 Years

    NEW YORK—The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft... Read more

  • This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. Earnings gains from General Motors, 3M and other big companies are driving stocks sharply higher in early trading Thursday, Oct. 23, 2014. (AP Photo/Richard Drew)

    Wall Street Stocks Heading for Best Week in Two Years

    NEW YORK—U.S. stocks rose again Friday, putting the market on track for the best week in almost two years. Amazon plunged after the company reported... Read more

  • A trader works on the floor of the New York Stock Exchange (NYSE) on Oct. 21, 2014, in New York City. (Spencer Platt/Getty Images)

    Stocks Surge Following Strong Corporate Earnings

    NEW YORK—A combination of strong company earnings and encouraging economic reports, both in the U.S. and Europe, gave the stock market another day of solid... Read more

  • Chiquita bananas are on display at a grocery store in Bainbridge, Ohio., on Aug. 3, 2005. Changes to the proposed merger agreement between Chiquita and the Irish fruit company Fyffes will give Chiquita shareholders a larger stake in what would become the world’s largest banana supplier. Chiquita and the Irish fruit company Fyffes said Friday Sept. 26, 2014, that shareholders of Chiquita Brands International Inc., under the revised deal, will hold nearly a 60 percent stake, up from about 51 percent. (AP Photo/Amy Sancetta)

    Brazilian Companies Raise Chiquita Offer to $681M

    NEW YORK—Brazilian companies Cutrale and Safra said they are again raising their bid for banana producer Chiquita, to $681 million — a day before Chiquita... Read more

  • This Oct. 2, 2014 photo shows a Wall Street sign adjacent to the New York Stock Exchange, in New York. Earnings gains from General Motors, 3M and other big companies are driving stocks sharply higher in early trading Thursday, Oct. 23, 2014. (AP Photo/Richard Drew)

    Wall Street Stocks Rise on Corporate Earnings Gains

    NEW YORK—U.S. stocks rose sharply in afternoon trading Thursday, driven by encouraging earnings from companies including Caterpillar and 3M. Investors were also encouraged by some... Read more

  • Specialist John Urbanowicz, left, and trader Ryan Falvey work on the floor of the New York Stock Exchange Wednesday, Oct. 22, 2014. Good news on corporate earnings nudged U.S. stocks higher Wednesday morning, a day after the Standard and Poor's 500 index had its best day of the year. (AP Photo/Richard Drew)

    Asia Stocks Fall After China Factory Slump, Europe Rises on Business Survey

    TOKYO—Asian stocks fell Thursday after China’s factory output grew at the slowest pace in five months while European markets gained on a survey that showed... Read more

  • A specialist works at his post on the floor of the New York Stock Exchange Wednesday, Oct. 22, 2014. Stocks are opening mixed as investors look over earnings reports from US companies. (AP Photo/Richard Drew)

    Stocks Fall on Wednesday Trading; Could End 4-Day Winning Streak

    NEW YORK—Stocks fell in late afternoon trading on Wednesday, a day after the Standard & Poor’s 500 index had its biggest gain of the year. That broad... Read more

  • Wall Street is etched in the facade of a building in New York's Financial District, Thursday, Oct. 2, 2014. Hopes for fresh stimulus from the European Central Bank and China's steady growth bolstered Asian stocks Wednesday Oct. 22, 2014 after the S&P 500 had its best day of the year. European markets drifted lower.  (AP Photo/Richard Drew)

    Wall Street Off to Shaky Start; Yahoo Among Early Gainers

    NEW YORK—Stocks are opening mixed as investors look over earnings reports from U.S. companies. Yahoo rose 6 percent after the Internet company reported a windfall... Read more

  • Yahoo President and CEO Marissa Mayer speaks during the International Consumer Electronics Show in Las Vegas on Jan. 7, 2014. (AP Photo/Julie Jacobson)

    Yahoo’s 3Q Earnings Soar on Alibaba Windfall

    SUNNYVALE, Calif.—Yahoo’s third-quarter earnings soared as the Internet company collected a huge windfall from Alibaba’s recent IPO. Revenue also rose slightly from the previous year,... Read more

  • A model apartment on the the 58th floor of One57.

    Inside Extell’s One57

    Extell Development’s One57 has been somewhat of a trendsetter, marking the start of glassy, super-luxury  high-rises on 57th Street and beyond.  First the obvious units... Read more

  • The iconic 5th Avenue clock in the Flatiron District of Manhattan. (Benjamin Chasteen/The Epoch Times)

    Flatiron, Increasingly Residential, Comes Into View

    NEW YORK—Flatiron is the kind of neighborhood where, once you step into it, everything seems to slow down just a bit. “It’s easy,” says Rebecca... Read more

  • Background: United States Federal Reserve Bank building in Washington, DC. (Shutterstock*) Top right: Dr. David Wyss. (Courtesy of David Wyss)

    Professor David Wyss on US Economic Recovery, QE, Housing

    Dr. David Wyss believes the Fed is “hitting it as hard as they can,” but the half-speed economic recovery is not only due to the... Read more

  • Brett Immel, senior partner at Growth Equity Group, at the World MoneyShow in Toronto on Oct. 17, 2014. (Epoch Times)

    Getting Back to Basics in US Real Estate Investing

    TORONTO—Investing successfully in U.S. real estate is increasingly about fundamental principles rather than capitalizing on existing opportunities that existed as the nation slowly started emerging... Read more

  • A single family home in Toronto, one of the three cities, along with Calgary and Vancouver, that make it seem as though Canada's housing market is overvalued. (Epoch Times)

    Canada’s Housing ‘Dual Market’ Poses Difficult Policymaker Challenge

    Canada’s housing market has cooled off slightly from this summer, but regional disparities make one-size-fits-all approaches to controlling it difficult. The Canadian Real Estate Association... Read more

  • Roger Federer of Switzerland returns a shot during his final match against Gilles Simon of France during the day 8 of the Shanghai Rolex Masters at the Qi Zhong Tennis Centre, Shanghai, China on Oct 12.  (Zhong Zhi/Getty Images)

    Federer Wins the Shanghai Masters

    SHANGHAI—Tennis fans around the world witnessed some spectacular tennis at the ATP Shanghai Rolex Masters. Eighteen players from the world top 20 were in the... Read more

  • Chinese Premier Li Keqiang speaks at a news conference with German Chancellor Angela Merkel during German-Chinese government consultations on Oct. 10, 2014 in Berlin, Germany. Premier Li has reiterated the support of the Chinese authorities for “one country two systems” policy in Hong Kong. (Adam Berry/Getty Images)

    Chinese State-run Media Mum on China Premier Li Keqiang’s Views on Hong Kong Pro-Democracy Umbrella Movement

    While Chinese Premier Li Keqiang was on a three-day visit to Germany, he made a significant statement about the political situation in Hong Kong. Somehow... Read more

  • In2ition: (L-R) Liana Pronio, Director of Sales, Lysha DeFreitas, Director of Operations, Jackie Pezer-Lilic, Director of Design Services, Debbie Cosic, CEO & Founder, Vesna Sola, Director of Sales.

    In2ition: Powerful Women of Canadian Real Estate

    Real estate is an industry where Canadian women have carved out a strong presence. Traditionally, female consumers have made the final decision on home choice,... Read more

  • Women of Baker Real Estate: (L-R) Krista Jackson, Barbara Lawlor (President), Kathy Grant, Kimberly Crescini.

    Baker Real Estate: Successful Women in Toronto Real Estate

    Great leaders create a culture of success in their organizations. In Canada, many of our corporate leaders are men. What kind of environment do successful... Read more

  • To be a successful real estate investor, you need a clear idea of the right strategies and objectives that are appropriate for your situation. (Fotolia)

    Six Considerations Before Starting to Invest in Real Estate

    Before you dive headfirst into real estate investing, there are a number of things you need to think about. Real estate investing is not just... Read more

  • What if subprime mortgages made a comeback?

    The United States subprime mortgage crisis was an extraordinary event that coincided with the recession in 2007. The catastrophic results triggered a significant decline in... Read more

  • In this file photo, Alicia Glen, MayorBill de Blasio's pick for Deputy Mayor for Housing and Economic Development, speaks to reporters in Brooklyn, New York, Monday Dec. 23, 2013. (Shenghua Sung)

    Brooklyn Front and Center in NYC’s Housing Strategy

    NEW YORK—Since Downtown Brooklyn was rezoned a decade ago, the ripple effect of the entrepreneurial spirit that flooded into the borough has turned Brooklyn into... Read more

  • (L–R) General Sales Manager Deirdre O’Connell, Flushing Sales Manager Donna Rubertone, President and CEO Patricia J. Petersen, and COO Tom Calabrese of Daniel Gale Sotheby’s International Realty cut the ribbon on their first Queens office in Flushing, Sept. 5, 2014. (Courtesy of Daniel Gale Sotheby’s International Realty)

    Luxury Brokerage Expands Into Queens

    Last week, Daniel Gale Sotheby’s International Realty officially opened its first Queens office in Flushing to target the most diverse of communities in the city.“We’ve... Read more

  • Houses become more affordable when mortgage rates fall. (Epoch Times)

    BMO Offers 2.99% 5-Year Fixed-Rate Mortgage Again

    TORONTO—The Bank of Montreal has slashed its five-year fixed mortgage rate to 2.99 percent, a level that had previously raised concerns that it may lead... Read more

  • A condominium complex is under construction west of downtown Toronto. CMHC expects condominium starts to decline over the near term. (Epoch Times)

    Canadian Housing Starts Lower Than Expectations in August

    OTTAWA—The annual pace of housing starts in Canada slowed in August to 192,368 units, down from 199,813 in July, according to the Canada Mortgage and... Read more

  • Mishelle Farer, an avid user of Airbnb, in her apartment where she rents a room on Airbnb, in New York on Oct. 10, 2013. (AP Photo/Seth Wenig, File)

    Breaking Down the Labyrinth of Tax Laws for New York Vacation Home Owners

    Room sharing, room renting, and vacation home rentals have become very popular, garnering significant attention recently.Leading websites such as HomeAway.com and VRBO.com each list over... Read more

  • Podium of 488 University, by CORE Architects. (Amexon)

    488 University Luxury Condo to Rise Above Distinguished Toronto Avenue

    This week, Amexon launched 488 University, a 55-storey mixed-use building at the corner of University Ave. and Dundas St. West.  This type of development may be... Read more

  • The Little Tokyo Service Center's headquarters are at Casa Heiwa, an affordable housing project in downtown Los Angeles. Aug. 19, 2014. (Eric Zhang/Epoch Times)

    Group Fights for Affordable Housing in LA

    LOS ANGELES—The average Los Angeles resident spends nearly half of his income on rent, higher than anywhere else in the U.S. The city also has... Read more

  • Canada’s Housing Market Gains Strength as Mortgage Rates Stay Low

    Canada’s housing market is akin to a snowball gaining in size as it rolls downhill pushed by ongoing low mortgage rates, but it’s not in... Read more

  • This property in Ottawa is an example of one that was recently closed and will be used for a rent to own. (Innovalty Investments)

    Rent-to-Own as a Successful Real Estate Investment Strategy

    A popular type of real estate investment strategy is what is known as “rent-to-own” investing, or “lease option” investing. I will use the term “rent-to-own”... Read more


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