News Archive
National | Mon, Feb 11, 2013

Bond investors consider D.R. Horton Inc. the least risky high-yield homebuilder as it sells $700 million of notes, its largest offering in almost seven years, after the biggest annual increase in U.S. residential construction in two decades.

Dell is trying to reassure shareholders about its proposed $24.4 billion acquisition by a group led by its founder, saying it considered a number of strategic options before agreeing to the deal.

Apple Inc.’s profit margins are falling back to levels not seen since sales took off after the 2007 debut of the iPhone, as competition and lack of breakthrough products pressure the company to lower prices.

Feb. 8 (Bloomberg) -- As Apple Inc. discusses ways to disburse some of its $137.1 billion in cash to shareholders, it will have to weigh the appeal of preferred shares against the higher dividends and buybacks favored by many investors.

Prices for single-family homes climbed in almost 88 percent of U.S. cities in the fourth quarter as the housing recovery broadened.

When Inc. unveiled its Kindle store in China in December, something was missing: the Kindle.

As his second term begins, President Barack Obama is in his comfort zone, surrounded by loyal lieutenants.

Elon Musk, the billionaire chief executive officer of Tesla Motors Inc. said a range test of the Model S electric sedan by the New York Times was “fake” as the reporter didn’t disclose all the details of his drive.

Stocks fell Monday after a six-week rally left the Standard & Poor’s 500 Index at its most expensive valuation since July 2011.

Karen Mills is leaving her post as head of the Small Business Administration, opening yet another Cabinet-rank job for President Barack Obama to fill at the start of his second term. Obama says Mills played a leading role supporting start-up businesses and entrepreneurs.

West Texas Intermediate oil advanced for the first time in four days as the euro strengthened against the dollar. The U.S. crude’s discount to Brent narrowed the most this year.

U.S. stocks drifted lower in thin trading Monday, pulling the Standard & Poor's 500 index back from a five-year high.

Feb. 11 (Bloomberg) -- Starz, the premium cable-TV channel spun off by John Malone’s Liberty Media Corp. last month, extended a contract with Sony Pictures Entertainment for first- run movie rights through 2021.

Global stocks dropped back Monday as major Asian markets remained closed for the Lunar New Year and other national holidays.

Feb. 11 (Bloomberg) -- Brent traded near a nine-month high in London amid concern that tension with Iran may lead to disruption of Middle Eastern exports. Brent’s premium to U.S. crude narrowed for the first time in nine days.

Futures are following overseas markets higher and U.S. indexes could be heading for new multi-year highs.

As electricity returns and highways reopen, some Northeast residents tried to get back to their weekday routines Monday following the massive snowstorm that had millions digging out from New York to Maine.

Residents shaken by a tornado that mangled homes in Mississippi were waking up Monday to a day of removing trees, patching roofs and giving thanks for their survival. More than a dozen in the state were injured.

Three people were killed Sunday in a pre-dawn helicopter crash in a rural area of northern Los Angeles County while filming for a new reality TV show for the Discovery Channel.

Feb. 11 (Bloomberg) -- Hostess Brands Inc. won bankruptcy court approval to hold auctions for brands including Wonder bread, Twinkies and Drake’s.

Mortgage insurer Radian Group's fourth-quarter loss widened, hindered in part by a smaller gain on investments and lower revenue. But it wrote substantially more insurance and delinquent loans and paid claims fell.

Feb. 11 (Bloomberg) -- Tesla Motors Inc., the maker of electric vehicles led by billionaire Elon Musk, fell the most in almost two months after the New York Times published a first- person account about a Model S sedan test-drive where cold weather reduced the car’s range between charges.

Feb. 11 (Bloomberg) -- Global solar-power capacity rose to at least 101 gigawatts last year as growth in China, the U.S. and Japan outstripped some markets in Europe.

Feb. 11 (Bloomberg) -- BlackBerry shares fell 6.2 percent in New York trading after Home Depot Inc. said it will stop issuing the Canadian company’s phones to its corporate employees and managers.

and the wallet.

Feb. 11 (Bloomberg) -- A stripped-down wind-energy proposal backed by Maryland’s governor and gaining support in its legislature may be the first step in creating a network of offshore turbines and sub-sea cables spanning the U.S. Atlantic coast.

Feb. 11 (Bloomberg) -- Redwood Trust Inc. is having a spectacular run. Its shares have returned 84 percent in the past year and there have been zero defaults among the $4 billion of jumbo loans it packaged and sold as bonds since 2010.

Premium pay TV channel Starz has renewed its agreement to carry movies from Sony Pictures through films hitting theaters in 2021. The deal comes two months after Netflix snatched future Disney movies from Starz, and was seen as a must-win for the channel.

Feb. 11 (Bloomberg) -- Only 16 percent of U.S. hospitals were able to say how much a hip operation would cost a potential patient when asked, and those that answered quoted prices that differed by more than $100,000, a study found.

Biotech giant Amgen Inc. and Belgian drugmaker UCB SA have scrapped plans for late-stage testing of an experimental treatment for accelerated healing of fractures, but will continue testing their drug for a much bigger and potentially lucrative market, treating osteoporosis in postmenopausal women.

Feb. 11 (Bloomberg) -- Genworth Financial Inc., the seller of life insurance and long-term care coverage, gained in New York trading after Reuters reported the insurer is in negotiations to sell a wealth-management unit.

Shares of AOL Inc. rose more than 7 percent Monday and added to gains from last week, when the Internet company reported stronger-than-expected quarterly results.

Boardwalk Pipeline Partners LP reported Monday that its fourth-quarter net income increased 26 percent, helped by revenue from recent acquisitions.

Feb. 11 (Bloomberg) -- Federal Reserve Vice Chairman Janet Yellen said the central bank may hold the benchmark lending rate near zero even if unemployment and inflation hit its near-term policy targets.

Movie and TV studio Lions Gate Entertainment Corp. said Monday that it posted a healthy net income in the final quarter of 2012 as revenue more than doubled due to the hot-selling finale of the “Twilight” series.

The Veterans Affairs Department said Monday it has added more than 1,000 mental health professionals and 200 support staff over the past eight months to meet the needs of returning veterans, but still has more to do to meet the requirements of an executive order issued by President Barack Obama.

The new head of the euro area's finance ministers refused Monday to rule out forcing private depositors in Cypriot banks take losses as part of a bailout of the country.

Cloud software company VMware Inc. said Monday that it is acquiring Sunnyvale, Calif.-based Virsto Software for an undisclosed price.

Iran-hostage drama “Argo” continued its journey from awards-season outsider to favorite Sunday, winning three prizes, including best-picture, at the British Academy Film Awards.

Feb. 11 (Bloomberg) -- The yen fell toward the weakest since May 2010 versus the dollar as Japanese officials signaled their commitment to policies that may cause it to depreciate.

Feb. 11 (Bloomberg) -- Treasury 10-year notes declined for the first time in four days as the U.S. government prepared to auction $72 billion in coupon-bearing securities this week.

Shares of Novo Nordisk are sinking in premarket trading after the Danish drugmaker said U.S. regulators want more data before they can finish their review of two long-acting insulin drugs to treat diabetes.

Feb. 11 (Bloomberg) -- U.S. stock futures advanced, signaling that the Standard & Poor’s 500 Index will extend a five-year high, as euro-area finance ministers prepared to meet to discuss aid to Cyprus and Greece.

Greece's farmers launched a campaign of daily anti-austerity highway blockades Monday, as the conservative-led government insisted deep spending cuts were helping the crisis-hit country beat budget targets.

Feb. 11 (Bloomberg) -- Price swings on the MSCI Emerging Markets Index fell to an all-time low during Lunar New Year holidays in Asia. Turkish stocks were among decliners in Europe, leading the benchmark equity gauge lower.

Feb. 11 (Bloomberg) -- A gauge of U.S. corporate credit risk held before euro-zone finance ministers meet to discuss aid for Cyprus and Greece.

If you don't like coffee or tea, Mountain Dew has a new breakfast drink that might perk you up.

Brookfield Asset Management Inc. is buying 19 apartment buildings in three states for $414 million.

The city's Navy Yard, a massive military powerhouse where battleships were born until the Cold War put it on ice, is celebrating a milestone that seemed a stretch when the Navy shipped out 17 years ago.

Online brokerage TD Ameritrade Holding Corp. says it handled 3 percent more trades per day as the market soared in January.

The East Coast woke up under a blanket of snow this weekend and collectively documented the experience on the myriad social and mobile inventions of the past decade. Facebook, Twitter and other technologies make it increasingly difficult to stay isolated _even if you're stuck home alone.

A room full of engineers, computer whizzes and technicians brought the crew of the Starship Enterprise down to Earth for a night at the Sci-Tech Oscars.

Feb. 11 (Bloomberg) -- L’Oreal SA, the world’s largest cosmetics maker, reported a 12 percent increase in full-year earnings and said it is “well prepared” to outperform the growth of the beauty market in 2013.

Feb. 11 (Bloomberg) -- Electronic Arts Inc. will offer free downloads of its newest “Real Racing” title as the second- largest U.S. video-game publisher works to draw the increasing number of gamers using mobile devices.

Private equity firm and asset manager American Capital Ltd. said Monday its fourth-quarter net income dropped 79 percent, but its adjusted profit narrowly beat Wall Street predictions.

When he became pope at age 78, Benedict XVI was already the oldest pontiff elected in nearly 300 years. He's now 85, and in recent years he has slowed down significantly, cutting back his foreign travel and limiting his audiences.

British officials have found the world's 10th known case of a new coronavirus, a mysterious disease related to SARS and first identified last year.

Directors of American Airlines and US Airways reportedly plan to meet Wednesday to consider a merger.

Mon, Feb 11, 2013