Business & Finance News - Yahoo! Finance

Will ‘Sell in May’ Come True This Year?

Wed, 01 May 2013 18:30:44 -0400

Terry Connelly, dean emeritus of the Ageno School of Business at Golden Gate University, says not to be too hasty in selling your stock.

Stocks Open Higher After Data, ECB Cut

Thu, 02 May 2013 09:39:21 -0400

Stocks gained after data showed the number of Americans applying for unemployment insurance fell last week to its lowest level since the early days of the 2007-2009 recession.

Intel Taps Insider to Serve as CEO

Thu, 02 May 2013 09:46:26 -0400

Intel has chosen its chief operating officer, Brian Krzanich, to become its new CEO. The company said Thursday that Krzanich will take over as CEO on May 16 when Paul Otellini steps down.

Buffett’s Annual Meeting: It’s a Party Not a Symposium

Thu, 02 May 2013 08:58:38 -0400

Lee Munson of Portfolio, LLC says investors shouldn't confuse the spectacle with the substance of Buffett's message.

A New Problem for Fracking: Drillers Running Out of Water

Thu, 02 May 2013 00:00:45 -0400

Could severe water shortages short-circuit the US shale gas boom? With 64% of the country in drought, water is looming as the next hot-button issue in the debate over hydrofracturing.

Jobs Growth Has Stalled -- Is it Our Own Fault?

Thu, 02 May 2013 07:46:13 -0400

With stocks about 2.5% higher than they were in early April and trading at record highs, we find ourselves on the cusp of another critical payroll report.

Watch: ECB’s Big Rate Decision; Latest Jobs Report

Thu, 02 May 2013 08:24:43 -0400

Join Hot Stock Minute live now for the latest premarket headlines and which stocks to watch before the opening bell.

ECB Cuts Rates to Support Flagging Euro Zone Economy

Thu, 02 May 2013 07:59:10 -0400

The European Central Bank cut interest rates for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation. The ECB lowered ...

GM Posts Strong Profit

Thu, 02 May 2013 08:34:08 -0400

General Motors posted a stronger-than-expected quarterly profit as its North American business was better and its loss in Europe was smaller than Wall Street estimated.

China vs The West: I'm Bullish on America, Says Niall Ferguson

Thu, 02 May 2013 08:16:40 -0400

“Many parts of the U.S. are already recovering strongly...but I’m nervous about what’s Washington is doing,” says Niall Ferguson, professor of history at Harvard University.

Facebook's Mobile Business Expands

Thu, 02 May 2013 04:28:04 -0400

Facebook Inc's mobile advertising revenue growth gained momentum in the first three months of the year as the social network sold more ads to users on smartphones and tablets, partially offsetting higher ...

What's It Like to Interview at Amazon?

Wed, 01 May 2013 18:16:00 -0400

As Amazon.com's share price has soared in recent years, so has its stock with M.B.A. students. The company now ranks among the most-coveted destinations for aspiring business leaders.

Gold Bull Run Seen Over as Bear Drop Frays Faithful

Wed, 01 May 2013 19:01:00 -0400

Gold's longest winning streak in at least nine decades is poised to end amid diminishing trust in the metal's ability to preserve value among analysts.

YouTube Says the Battle With TV Is Already Over

Thu, 02 May 2013 00:50:09 -0400

YouTube vs. TV? YouTube says the battle — if there ever was one — is over.

Falling Oil Prices Weigh on Shell's Profit

Thu, 02 May 2013 03:18:37 -0400

Royal Dutch Shell PLC has reported lower profits for the first quarter, as a decline in oil prices offset improved earnings from its refining arm.

Shell CEO Voser to Retire in 2014

Thu, 02 May 2013 06:55:59 -0400

Royal Dutch Shell PLC said Monday Chief Executive Peter Voser will step down in early 2014 as it reported lower first-quarter profits in the wake of a decline in oil prices.

Google to Invest in Lending Club

Thu, 02 May 2013 00:01:25 -0400

Lending Club plans to announce that Google led a $125 million deal to buy a stake in the company from existing investors.

The Case for Megabanks Fails

Thu, 02 May 2013 05:00:48 -0400

The best defense yet of megabanks is still not persuasive, an economist writes.

Fed Open to Expanding QE as It Counters Talk of Tapering

Thu, 02 May 2013 00:00:01 -0400

Facing the risk of a fourth straight summertime slowdown, Federal Reserve officials raised the prospect of increasing the monthly pace of bond buying above $85 billion to guard against any slump in growth ...

Jobless claims fall sharply to five-year low

Thu, 02 May 2013 09:00:38 -0400

The number of Americans filing new claims for jobless benefits fell sharply last week to its lowest level since the early days of the 2007-09 recession, suggesting the job market is still healing despite ...

Court hears UK taxman struck Goldman deal to save face

Thu, 02 May 2013 09:39:16 -0400

Britain's tax authority approved a deal with Goldman Sachs partly because the U.S. bank was threatening to pull out of a new tax framework, which would have embarrassed the government, a court heard on ...

SAC fund to adopt claw-back provisions, beef up compliance

Thu, 02 May 2013 09:05:47 -0400

Hedge fund titan Steven A. Cohen told investors on Thursday that his $15 billion fund will claw back earnings of any employees whose conduct leads to regulatory or criminal sanctions, according to a letter ...

Kellogg first-quarter profit hurt by ingredient costs

Thu, 02 May 2013 08:50:10 -0400

Kellogg Co reported lower quarterly earnings on Thursday, hurt by higher ingredient costs, and said it was on track to meet its full-year goals. The maker of Corn Flakes cereal, Keebler cookies and Eggo ...

Intel elects Brian Krzanich as CEO

Thu, 02 May 2013 09:11:42 -0400

Intel Corp said on Thursday that its board had elected its Chief Operating Officer Brian Krzanich as the chipmaker's next chief executive. Krzanich, who has worked at Intel since 1982, will take on the ...

Starbucks shuffles management, beefs up China/Asia Pacific team

Thu, 02 May 2013 09:03:59 -0400

Starbucks Corp on Thursday announced a raft of management changes, including a beefing up of its team for the fast-growing China and Asia Pacific region, where it plans to add about 600 new cafes this ...

UBS faces calls for break-up at investor meeting

Thu, 02 May 2013 07:30:07 -0400

UBS faced a fresh call to separate its investment banking operations and wealth management division at an investor meeting on Thursday, after activist investor Knight Vinke Asset Management demanded a ...

Why the Treasury Market Is Headed for Collapse

Wed, 01 May 2013 09:12:24 -0400

Michael Pento, president of Pento Portfolio Strategies, believes the U.S. Treasury market is a massive bubble destined to pop with devastating consequences.

Reversal Candidates? Netflix Stays in Lead, While Miners Slump

Wed, 01 May 2013 17:07:01 -0400

Sure, you can put the "sell in May and go away" rhyme into practice. Or, should you prefer a more fine-tuned approach, you may choose to study the biggest individual winners and losers for their potential to reverse.

Facebook's mobile business expands in first quarter

Wed, 01 May 2013 17:02:23 -0400

Facebook Inc's mobile advertising business continued to expand in the first three months of the year, but the social network's rising spending restrained profit growth. Shares of Facebook were up 11 cents ...

Wall Street drops on data, earnings; Facebook up late

Wed, 01 May 2013 16:38:25 -0400

Stocks fell sharply on Wednesday as the latest economic data continued a trend of indicators pointing to anemic growth while bellwether companies disappointed on revenue. Equities briefly pared their losses ...