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Top Business Stories from the U.S.
Updated: 3 hours 6 min ago

Facebook In Waze Talks: Report

Thu, 05/09/2013 - 2:56am
Facebook is in advanced talks to acquire Israeli mobile satellite navigation start-up Waze for $800 million to $1 billion, business daily Calcalist reported on Thursday.
Categories: US News

Einhorn: Do Your Own Homework

Thu, 05/09/2013 - 2:33am
David Einhorn had some blunt advice on Wednesday for his fellow investors: Do your own homework.
Categories: US News

Sony Posts Highest Annual Profit in Five Years

Thu, 05/09/2013 - 2:25am
Japan's Sony posted a net profit of 43 billion yen for the year ended March 31, 2013.
Categories: US News

Hedge Fund Billionaire Paulson Glosses Over Losses

Thu, 05/09/2013 - 1:32am
Days after reporting deep losses, hedge fund billionaire John Paulson said investors should stick with managers for the long term.
Categories: US News

China Inflation Data Show Central Bank Dilemma

Thu, 05/09/2013 - 1:24am
China's annual consumer inflation rose by more than expected in April while factory prices fell for a 14th consecutive month.
Categories: US News

Reinhart and Rogoff Publish Correction

Thu, 05/09/2013 - 1:20am
Reinhart and Rogoff published an errata to their infamous 2010 paper, acknowledging further errors in the figures, the FT reports.
Categories: US News

A Lot More 'Juice' in the Yuan Trade

Thu, 05/09/2013 - 12:53am
Analysts tell CNBC the measures taken by Beijing will do little to derail a strengthening Chinese currency.
Categories: US News

US Production Set to Overtake Imports

Wed, 05/08/2013 - 10:53pm
The gap between how much oil the U.S. produces and how much it imports is narrowing fast.
Categories: US News

Bank of Korea Cuts Rates in Surprise Move

Wed, 05/08/2013 - 10:11pm
South Korea's central bank cut interest rates for the first time in seven months on Thursday, confounding the expectations of most market analysts.
Categories: US News

'The Beginning of the End Has Begun,' Japan

Wed, 05/08/2013 - 9:41pm
Japan will be consumed by a debt crisis surpassing the U.S. subprime crash, a leading U.S.-based hedge fund manager has warned. The Financial Times reports.
Categories: US News

Next Test for Rally? Jobless Claims

Wed, 05/08/2013 - 9:17pm
For a market that got pumped up because a so-so monthly jobs report wasn't a disaster, Thursday's jobless claims will be big.
Categories: US News

Hard Times for Hard Drives: Chanos

Wed, 05/08/2013 - 6:36pm
The mobile-computing revolution is bad news for the hard drive business, Jim Chanos warns.
Categories: US News

Groupon Soars After Revenue Beat

Wed, 05/08/2013 - 5:54pm
Groupon shares rose sharply after-hours after the daily deals site delivered a strong beat on revenue.
Categories: US News

JPMorgan Faces Possible Action by Regulators

Wed, 05/08/2013 - 5:19pm
JPMorgan faces possible action by regulators due to a confidential document finding evidence of manipulated trading.
Categories: US News

Microsoft Gets a New CFO

Wed, 05/08/2013 - 5:14pm
Microsoft on Wednesday named Amy Hood, head of finance of its Office division, as its new chief financial officer.
Categories: US News

Tesla Earnings Blow Past Forecasts

Wed, 05/08/2013 - 5:09pm
Electric-car manufacturer Tesla reported its first quarterly profit, beating expectations. Shares surged after-hours.
Categories: US News

49ers Strike Stadium Naming Rights Deal

Wed, 05/08/2013 - 4:50pm
Levi Strauss and the 49ers reached a $220 Million, 20-year naming rights deal for the team's future stadium.
Categories: US News

Starbucks Triples Single-Serve Brands

Wed, 05/08/2013 - 4:38pm
Starbucks and Green Mountain Coffee Roasters announced that they've inked a new agreement to expand their partnership.
Categories: US News

Activision Earnings Beat

Wed, 05/08/2013 - 4:32pm
Activision Blizzard warned investors that it expects a challenging second-half of the year. Shares tumbled.
Categories: US News

What's Behind the Stock Market Rally

Wed, 05/08/2013 - 4:02pm
Massive liquidity, an ongoing search for yield, modestly higher corporate earnings, heavy stock buybacks, and the Fed's bond-buying program is fueling stocks to new highs.
Categories: US News