April 18 (Bloomberg View) -- On Sunday, Roman Catholic and Eastern Orthodox churches -- which follow different liturgical calendars -- will both celebrate Easter, a convergence that may mark the beginning of a new era for the two churches, which split in 1054, the same year Macbeth was defeated at Dunsinane. They spent the next 910 years turning their backs on one another, until a Pope (Paul VI) and a Patriarch (Athenagoras) met in Jerusalem to begin patching things up.
Orders poured into American factories in March, putting manufacturing at the center of a projected rebound in economic growth during the second quarter.
Beauty, thy name is no longer Jaguar.
First-quarter net income at UPS slumped 12 percent as winter storms increased costs for the shipping giant and cut into its revenue.
Starbucks reported a higher quarterly profit in line with Wall Street expectations, helped by stronger sales in its flagship U.S. market.
The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar.
April 24 (Bloomberg) -- West Texas Intermediate traded near a two-week low as crude inventories rose to the highest level in 83 years in the U.S., the world’s biggest oil consumer. Brent was steady in London.
PulteGroup Inc., the second-largest U.S. homebuilder by market value, said net income fell in the first quarter as new-home sales declined nationwide and the company incurred a higher tax expense.
We hear a lot about how health care in the United States costs more than it does in than any other country. We hear less about the fact that higher education also costs more here than in any other country, and for many of the same reasons: We provide a very high-quality product to those who can pay, funded through a combination of public and private funds, and unlike many other countries, we do not send in the heavy hand of the state to control costs and prices by fiat. Instead, we subsidize pretty much whatever consumers decide to consume and producers decide to give them.
April 24 (Bloomberg) -- Gold rebounded from a 10-week low in New York as tensions between Ukraine and Russia escalated, spurring demand for haven assets.
A woman who successfully sued the University of Michigan over racial preferences says the U.S. Supreme Court's decision to uphold a state ban on using race in university admissions is a “great victory” for voters and the state.
The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.
April 24 (Bloomberg) -- U.S. stock-index futures advanced and technology shares rallied in pre-market trading as better- than-estimated earnings from Apple Inc. and Facebook Inc. boosted optimism equity gains will continue.
April 24 (Bloomberg) -- Orders placed with American factories for durable goods such as cars and computers rose more than forecast in March, pointing to faster production that will help spur the economy.
Tobacco company Lorillard says its first-quarter profit fell more than 17 percent as its costs rose, it sold fewer cigarettes and its year-ago results benefited lower expenses from a longstanding legal settlement.
Spain's economy expanded by 0.4 percent in the first quarter, the Bank of Spain estimated Thursday, the fastest growth in six years and further evidence the recovery is gathering steam.
Orthopedic device maker Zimmer is buying privately-held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services.
April 24 (Bloomberg) -- Two Spanish lenders said today their bad loan ratios fell in the first quarter, adding to evidence that the damage to bank balance sheets from a six-year economic slump is fading.
April 24 (Bloomberg) -- More Americans than forecast filed applications for unemployment benefits last week as the Easter holiday period made it more difficult to adjust the data for seasonal variations.
AT&T Inc. is getting a profit boost thanks to an industrywide shift, led by smaller rival T-Mobile US Inc., away from selling phones below cost.
Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.
Royal Caribbean's first-quarter net income dropped 65 percent, pulled down by some charges and costs tied to the sale of its Pullmantur cruise line's non-core businesses.
The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.
Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.
April 24 (Bloomberg) -- Lenders to the Gherkin, the conical skyscraper that’s one of London’s best-known landmarks, appointed a receiver to take control of the building to end years of defaults.
April 24 (Bloomberg) -- When James Seabury found his first home in northeast England in November, he had to borrow almost all of the 140,500-pound ($236,000) purchase price.
April 24 (Bloomberg) -- D.R. Horton Inc., the largest U.S. homebuilder by revenue, reported fiscal second-quarter earnings that beat analyst estimates as prices and orders climbed.
April 24 (Bloomberg) -- Russian President Vladimir Putin said Visa Inc. and MasterCard Inc. will lose market share in Russia after they blocked some transactions because of U.S. sanctions on individuals and banks.
Johnson & Johnson CEO Alex Gorsky says all three of its business segments are doing well and made significant medical advances last year.
April 24 (Bloomberg) -- Novartis AG’s first-quarter profit was little changed as weaker currencies in Japan and emerging markets weighed on sales, offsetting gains from newer products such as the Gilenya treatment for multiple sclerosis.
April 24 (Bloomberg) -- United Continental Holdings Inc. fell the most since September after it was the only major U.S. carrier to report a first-quarter loss, hampered by severe winter weather that trimmed results by $200 million.
April 24 (Bloomberg) -- United Parcel Service Inc., the world’s biggest package shipping company, said its forecast for profit this year would be at the low end of its projection as harsh winter weather forced costs higher.
April 24 (Bloomberg) -- 3M Co., the maker of products from Scotch tape to auto insulation, reported first-quarter earnings that trailed analysts’ estimates as demand from Latin America slowed and foreign currencies weakened.
The Federal Communications Commission is set to propose new Internet rules that would allow Internet service providers to charge content companies for faster delivery of their services over the so-called “last mile” connection to people's homes.
Altria Group Inc.'s first-quarter profit dropped 15 percent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited from lower expenses from a longstanding legal settlement.
April 24 (Bloomberg) -- A U.S. proposal to let Internet providers charge Netflix Inc., Google Inc. and other companies for faster connections to subscribers set off a firestorm among consumer advocates who say it may doom the open Internet.
April 24 (Bloomberg) -- Makers of electronic cigarettes such as Lorillard Inc. and Altria Group Inc. will for the first time face regulatory oversight, including passing a review to stay on the market, under a U.S. plan that doesn’t ban TV ads or flavored versions of the new products.
Big companies are finally starting to spend money, and that could mean a better economy and more jobs are on the way.
April 24 (Bloomberg) -- D.R. Horton Inc. climbed the most in three months after the builder unveiled a line of low-cost homes and reported earnings that beat estimates, helping allay fears of a faltering housing recovery.
April 24 (Bloomberg) -- Pandora Media Inc. fell after telling investors it will spend aggressively on marketing to defend its lead in online radio, a move that will dent profit.
Pirates pilfered diesel fuel from a Thai tanker off Malaysia's east coast, making two attacks in a week and raising concerns of a rising threat to shipping, a maritime watchdog said Thursday.
April 24 (Bloomberg) -- Amazon.com Inc. Chief Executive Officer Jeff Bezos is spending on growth as fast as he reaps revenue.
In Satya Nadella's first quarterly earnings release as chief executive, Microsoft Corp. on Thursday posted earnings and revenue that beat Wall Street expectations, offering new justification for the CEO's focus on cloud computing.
April 24 (Bloomberg) -- Broadcom Corp., a maker of communications chips, reported sales that topped analysts’ estimates as demand for computer-networking gear boosted orders and helped it overcome struggles in the mobile phone market.
April 24 (Bloomberg) -- Texas Instruments Inc., the largest maker of analog semiconductors, predicted second-quarter profit that may exceed analysts’ estimates as demand increases for chips used in cellular networks.
April 24 (Bloomberg) -- Apple Inc. Chief Executive Officer Tim Cook just bought himself more time to prove doubters wrong over the company’s growth prospects.
April 24 (Bloomberg) -- States looking at challenges to Tesla Motors Inc.’s direct-sales model should put the needs of consumers ahead of auto dealers’ interests, three top staff members of the U.S. Federal Trade Commission said.
April 24 (Bloomberg) -- Facebook Inc. was once mired in mobile-advertising doldrums. That was so 2012.
Tesla Motors CEO Elon Musk was paid just under $70,000 in 2013. But he could be eligible for much, much more.
April 24 (Bloomberg) -- Visa Inc., the world’s biggest bank-card network, reported a fiscal second-quarter profit that beat analysts’ estimates as consumer spending climbed.
April 24 (Bloomberg) -- General Motors Co. shares faded after an initial rally as the automaker said its first-quarter performance, which beat analysts’ estimates, pulled ahead earnings from later in the year.
Google, Apple, Intel and Adobe have settled a class-action lawsuit alleging they conspired to prevent their engineers and highly sought technology workers from getting better job offers from one another.
April 24 (Bloomberg) -- U.S. prosecutors are seeking more than $13 billion from Bank of America Corp. to resolve federal and state probes into the lender’s sale of bonds backed by home loans in the run-up to the 2008 financial crisis, according to people familiar with the matter.
Dunkin' Brands on Thursday reported a lower profit for its first quarter, citing severe weather for dampening its U.S. sales.
Verizon's $130 billion deal to take over of all of Verizon Wireless is helping lift its profit.
3M says its first-quarter net income rose 7 percent, led by sales growth in its health care business.
April 24 (Bloomberg) -- The euro pared gains against the dollar and the yen after European Central Bank President Mario Draghi said slowing inflation may trigger asset purchases.
April 24 (Bloomberg) -- At least 10 large technology companies, including Google Inc., Facebook Inc. and Cisco Systems Inc., have pledged to invest at least $300,000 each in the next three years to maintain open-source software after the Heartbleed security bug exposed the lack of funding for such projects.
Eli Lilly's first-quarter earnings plunged 53 percent after the expiration of a key patent protecting its top-selling antidepressant cut into the drugmaker's revenue.
April 24 (Bloomberg) -- Caterpillar Inc., the largest maker of mining and construction equipment, posted first-quarter earnings and sales that beat analysts’ estimates as it boosted its full-year outlook on improved expectations for the building industry.
Southwest Airlines says it made a record $152 million in the first quarter, more than doubling the $59 million profit it had during the same time last year.
Board members of the Port Authority of New York and New Jersey revealed a deep split Wednesday over the agency's role in effecting the completion of the long-delayed 3 World Trade Center project, with some commissioners lauding the effort and others expressing grave concerns.
The field of contenders vying to build casinos in upstate New York came into focus Wednesday, the deadline for interested parties to submit a $1 million application fee.
Average U.S. rates on fixed mortgages rose this week with the spring home-buying season beginning.
The homebuilder PulteGroup posted an 8 percent drop in first-quarter profit Thursday as revenue from sales of land and new houses dropped.
their four-legged friends are getting.
Time Warner Cable Inc.'s net income rose 19 percent during the first quarter as more people signed up for its high-speed Internet services, even as it lost subscribers for its cable TV.
The exchange operator Nasdaq OMX Group said Thursday that its first-quarter profit more than doubled over the past year, as the acquisitions it made last year started to pay off.
Angry relatives of some of the more than 130 people still missing from the sinking of the ferry Sewol surrounded the fisheries minister and the coast guard chief Thursday, preventing them from leaving the area where families have been waiting for word of their loved ones for more than a week.
Ukrainian forces moved in and killed at least two pro-Russia insurgents in the country's tumultuous east Thursday, an escalation that prompted new threats from Russian President Vladimir Putin.
April 24 (Bloomberg) -- Orders for durable goods poured into American factories in March, setting up manufacturing as one of the central drivers of a rebound in economic growth during the second quarter.
Texas Gov. Rick Perry says he'll need more preparation if he runs for president again in 2016.
Seattle Mayor Ed Murray is scheduled Thursday to release his plan on how to raise the minimum wage to $15 an hour.
PORT-AU-PRINCE, Haiti (AP) -- The American government has awarded $4 million to help Haitian families hurt by a drought in the Caribbean nation's northwest.
Ukraine's foreign minister has blasted the Russian decision to start military maneuvers along their border and said Thursday his country will fight any invading troops.
Some Colorado lawmakers want to use $3.5 million in recreational pot tax revenue to seek a matching Medicaid grant from the federal government, which considers pot illegal. Here are five things to know about the state's marijuana income:
April 24 (Bloomberg) -- Princeton University, the fifth- richest college in the U.S., agreed to increase its voluntary and one-time contributions to the town of Princeton, New Jersey, to more than $24 million during the next seven years.