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Top Business Stories from the U.S.
Updated: 4 hours 13 sec ago

Mortgage Applications Tumble Again

Wed, 05/22/2013 - 7:06am
Applications for home mortgages dropped last week for a second-straight week, the Mortgage Bankers Association says.
Categories: US News

US Autos Cut Back on Summer Downtime

Wed, 05/22/2013 - 7:00am
The Detroit automakers are largely forgoing the traditional two-week summer break and speeding up production to meet buyers' growing demand.
Categories: US News

Merck Inks $5 Billion Deal With Goldman

Wed, 05/22/2013 - 6:58am
Merck said it has entered into a $5 billion share repurchase agreement with Goldman Sachs.
Categories: US News

Killer Tornado: Scenes From Oklahoma

Wed, 05/22/2013 - 6:45am
Monster. That's what they're calling the tornado that barreled through Oklahoma. Here are heartbreaking scenes.
Categories: US News

Sterling Slides on Data, IMF Warns UK Over Growth

Wed, 05/22/2013 - 6:38am
Sterling tumbled following minutes released by the Bank of England and disappointing retail sales, as the IMF warned the U.K. is at risk of "permanent damage."
Categories: US News

Lowe's Earnings Fall Short of Estimates

Wed, 05/22/2013 - 6:24am
Lowe's reported earnings that missed analysts' expectations on Wednesday, sending shares lower in pre-market trading.
Categories: US News

Duracell Breaks New Ground in Wireless Charging

Wed, 05/22/2013 - 6:22am
Duracell is making a push in wireless charging, working with partners to try and do for public gadget power what Intel did for public WiFi.
Categories: US News

Bank of Japan Eases Bond Market Concerns

Wed, 05/22/2013 - 6:06am
The Bank of Japan ended a two-day meeting on Wednesday with a decision to leave monetary policy unchanged and a promise to monitor volatile bond markets.
Categories: US News

Probe Puts Spotlight on Oil Firms' Trading Desks

Wed, 05/22/2013 - 5:55am
Europe's energy price manipulation probe turned to trading units at oil companies with risk appetite higher than at Wall Street's biggest banks.
Categories: US News

Two Global Companies Just Moved for Tax Reasons

Wed, 05/22/2013 - 5:41am
Even as Apple faced a grilling from lawmakers over its tax avoidance schemes, two more companies revealed they would move to lighten their tax burden.
Categories: US News

The Biggest Carry Trades

Wed, 05/22/2013 - 5:22am
We've identified some of the biggest carry trades based on either the interest rate differential or their popularity.
Categories: US News

This Bonus Cap May Put Pressure on US Banks

Wed, 05/22/2013 - 5:10am
As EU regulators mull introducing the world's strictest bonus cap, the president of the European parliament said the plan could put pressure on the U.S. to follow suit.
Categories: US News

Hedge Funds Ditch News Corp. for Boeing

Wed, 05/22/2013 - 5:00am
The world's Top 50 hedge funds have added more to Boeing than any other stock, according to research firm FactSet.
Categories: US News

Property Drives Wealth of China’s Rich Women

Wed, 05/22/2013 - 4:48am
Property is the main source of wealth for China's wealthiest women, a survey by Wealth-X shows.
Categories: US News

Tax Evasion Dangerous for Europe: Schulz

Wed, 05/22/2013 - 4:27am
Martin Schulz has warned that revelations of tax evasion by major companies were leading to a loss of trust among the European public.
Categories: US News

'Junk' Stocks Power Bull Run

Wed, 05/22/2013 - 3:13am
The best performing U.S. stocks in the current quarter are those that lagged the market from January to March, the FT reports.
Categories: US News

Spanish Opera Protests Austerity

Wed, 05/22/2013 - 2:50am
Austerity operas are the new high-art in Spain.
Categories: US News

Oklahoma: Where the Relief Will Come From

Wed, 05/22/2013 - 2:44am
Rebuilding Moore, Oklahoma will take billions of dollars in federal and state aid, insurance claims and charitable donations, the CSM reports.
Categories: US News

Teens Shun Facebook 'Drama'

Wed, 05/22/2013 - 2:29am
Teen use of Twitter has grown significantly, a new report shows, as Facebook loses market share. Here's why.
Categories: US News

EU Casts Wider Net for Bank Bonuses

Wed, 05/22/2013 - 2:27am
EU regulators confirmed on Tuesday that they will cap bonuses of bankers earning more than 500,000 euros a year.
Categories: US News

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