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Frank Yu
Wall Street Rebounds, Dow Soars 4 Percent
A day after the Dow Jones Industrial Average dropped by more than 634 points, stocks soared after statements ...
Business
August 9, 2011
Stock Market Tumbles as Selloff Intensifies
U.S. stocks were mired in a broad selloff on Monday as investors shed risky assets, sending the Dow ...
Business
August 8, 2011
Bank of America’s Woes Worsen as AIG Files $10B Lawsuit
Bank of America Corp. (BAC) is facing a $10 billion lawsuit from New York-based insurance giant American International ...
Business
August 8, 2011
Little Changed After US Debt Downgrade
Last Friday's downgrade of U.S. long-term debt from AAA to AA+ by credit ratings firm Standard & Poor's ...
Business
August 7, 2011
Kraft Foods to Break Up Into Two Companies
Following its second-quarter earnings release on Thursday, consumer products giant Kraft Foods Inc. (NYSE: KFT) said that it ...
Business
August 4, 2011
Investors Sell Off Stocks, Dow Plunges 512 Points
U.S. stock markets endured heavy losses on Thursday, with the Dow Jones Industrial Average suffering its worst one-day ...
Business
August 4, 2011
US Stocks Snap Losing Streak
The U.S. stock market broke its recent losing streak on Wednesday, Aug. 3, recording modest gains as worries ...
Business
August 3, 2011
Ford Recalls 1.1 Million Pickup Trucks
Ford Motor Company, one of the “Big Three” automakers, announced this week that it would recall 1.1 million ...
Business
August 2, 2011
HSBC Reports Strong Earnings Yet Cuts Jobs
British banking giant HSBC Group Plc reported surprisingly strong quarterly earnings for the second quarter, the bank said ...
Business
August 1, 2011
IPO Market Sizzling, Led by Tech Sector
Companies across multiple sectors are exploring initial public offerings (IPO), with share issuance activity at its highest since ...
Business
July 28, 2011
Possible Effects of US Credit Rating Downgrade
If United States would lose the coveted AAA credit rating, it would nonetheless still enjoy benchmark status as ...
Business
July 27, 2011
Profits and Growth Greet Ford, Chrysler
The U.S. automotive industry is back in a big way following its near-collapse three years ago, with Chrysler ...
Business
July 26, 2011
Stocks, Treasuries, Dollar Slump on Debt Impasse
The impasse in Washington between the White House and congressional Republicans over ways to lift the U.S. debt ...
Business
July 25, 2011
States, Retailers Battle Amazon Over Sales Tax
As states struggle to balance their budgets and increase revenue in tough economic times, a new fight has ...
Business
July 24, 2011
New Home Constructions Up Almost 15 Percent
Housing starts, or groundbreaking for new home construction, jumped last month to a six-month high, according to information ...
Real Estate
July 20, 2011
Goldman Misses Estimates, Bank of America Reports Loss
Two of the nation's biggest banking firms reported their second quarter earnings on Tuesday, with Goldman Sachs Group ...
Business
July 19, 2011
US Stocks Fall, Gold Soars
U.S. stocks fell on Monday as investor concern over debt issues in the United States and Europe dragged ...
Business
July 18, 2011
Stocks at the Mercy of Eurozone, US Debt Talks
The U.S. stock market could be heading into a critical juncture this week as stocks could be hard ...
Business
July 17, 2011
US Stocks Get Lift from Bernanke Remarks
U.S. stocks soared on Wednesday, before shedding previous gains and ending the day in positive territory.
Business
July 13, 2011
News Corp. Buys Back Shares in Effort to Stem Stock Drop
After the recent drubbing of News Corp.'s shares following its phone hacking scandal, the New York-based media conglomerate ...
Business
July 12, 2011
Mobile Apps Driving Video Game Sales
Consumers spent a total of $5.9 billion in the second quarter on video game hardware, software, and other ...
Business
July 11, 2011
Stocks Tumble on Debt Fears
U.S. stocks tumbled on Monday, dropping the most in a month, as investors digested a slew of negative ...
Business
July 11, 2011
Alcoa Kicks Off Earnings Season, Stocks Look for Direction
The U.S. stock market has been on a roller coaster ride over the last month, but as the ...
Business
July 10, 2011
US Shares Jump on Jobs Data
U.S. stocks were markedly higher in Thursday trading as investor confidence was boosted by two reports on the ...
Business
July 7, 2011
Zillow Jumps Into IPO Fray, to Raise $49M
Online real estate information startup Zillow Inc., which runs the Zillow.com website, has jumped into the initial public ...
Business
July 7, 2011
US, Mexico Sign Trucking Agreement
The United States and Mexico signed an agreement to resolve a border dispute related to long-haul trucking, which ...
Business
July 6, 2011
Netflix Expands to Latin America
Netflix Inc., the nation's leading mail order movie rental company, said this week that it is expanding its ...
Business
July 5, 2011
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