NEW YORK (CNNMoney) — Microsoft’s sales growth for Xbox and Kinect slowed sharply last quarter, but other sectors like Windows helped the company post earnings that beat analysts’ estimates. Microsoft (MSFT, Fortune 500) pulled in earnings of 60 cents per share on sales of $17.4 billion for its fiscal third ...
U.S. retail sales for March shot up 0.8 percent, sharply higher than the forecast, according to the Commerce Department. But Apple shares dropped, weighing heavily on the Nasdaq index. Some investors have been watching a trend line in Apple’s meteoric rise this year and said it was broken on Monday ...
NEW YORK (CNNMoney) — Before you start to panic, remember that you still have a couple more days to get your return filed to Uncle Sam. While the tax filing deadline typically falls on April 15, this year taxes are due Tuesday, April 17. The extra break was granted because ...
(Money Magazine) — Rather than wait until the summer for your next vacation, take off before Memorial Day. The smaller crowds — and big savings — are well worth the rush. Beat the pack to Europe: Early to mid-May is a great time to visit the French Riviera, says Expedia ...
Mortgage rates fell over the past week, sending the 15-year benchmark to a record low, mortgage giant Freddie Mac said Thursday. While 30-year fixed-rate mortgages are more common, low mortgage rates have made 15-year notes more realistic for some homeowners, especially those who have relatively low balances and want to ...
© Brendan Mcdermid / Reuters / REUTERS Traders work on the floor of the New York Stock Exchange. Stocks rose Thursday, with the S&P 500 index, a broad gauge of the market, topping the 1,400-mark for the first time since the financial crisis on a strong run of economic data.
The Fed said 15 of the 19 major banks tested passed. The Fed noted that all 19 banks are in a much stronger position than immediately after the 2008 financial crisis. Still, SunTrust, Ally Financial and MetLife joined Citi in failing to meet the test’s minimum capital requirements. The Fed ...
The Nike logo is displayed at a Nike store in South Miami. Nike Inc. shares continued a multi-month climb to hit a new high during Friday’s trading session. “You’ve got a whole laundry list of good things,” said Morningstar analyst Paul Swinand. “They are all coming together.” The world’s largest ...
U.S. stocks advanced on Thursday, reversing declines from the previous session, after some positive data on the labor market and solid monthly sales from retailers encouraged buying. But gains were muted as this year’s rally, which has pushed major indexes to multi-year highs, has left some investors leery of a ...
Blackstone CEO Stephen Schwarzman, pictured in Switzerland in 2010, made more than $220 million last year, not including stock options. NEW YORK (CNNMoney) — It was a very good year for Stephen Schwarzman.
NEW YORK — Cash bonuses to be paid to New York City securities workers for their 2011 performance are expected to slide 14 percent to $19.7 billion as stiffer regulations took a toll on profits, New York State’s comptroller said Wednesday. The securities industry, which still has not recovered ...
U.S. stocks slipped Wednesday as U.S. Federal Reserve Chairman Ben Bernanke’s comments were viewed as a bit more hawkish, but reports suggesting more improvement in the economy curbed losses. The three major U.S. stock indexes ended lower, snapping a four-day streak of gains. Still, the broader market, as measured by ...
Located in “the Gold Coast of Orange County,” this impressive home with views of Catalina Island and the Pacific Ocean fell into foreclosure in 2010, the same year it was built. At one time, it was in escrow for $28 million. Now, the home is available through a private investment ...
Traders work on the floor of the New York Stock Exchange. Stocks rallied Thursday, with the Dow nearing the 13,000 mark. Stocks rallied Thursday, with the Dow Jones industrial average nearing the 13,000 mark, on strong U.S. economic data and indications that euro-zone leaders were on track to approve a ...
February 10, 2012, 1:51 pm By BUCKS EDITORS The discussion of taxes usually waits until sometime close to the filing deadline, April 15. But this year, the presidential candidates’ release of their past returns has lead to a much deeper look much earlier. One thing that has come out of ...
Wall Street closed lower Monday as investors found little reason to extend a five-week rally on lingering uncertainty over whether Greece would accept the terms of a bailout. Another deadline lapsed in Athens as political leaders failed to respond to bailout terms from the European Union and International Monetary Fund. ...
NEW YORK (CNNMoney) — Once again, Chrysler’s Super Bowl ad won the hearts and minds of football fans, this time with a little help from Clint Eastwood and, of course, Detroit. “It was superb,” said Kelly O’Keefe, professor of brand strategy at Virginia Commonwealth University, immediately after Chrysler’s “It’s Halftime ...
