Business & Finance News - Yahoo! Finance

Why the Rich Don't Feel Rich

Thu, 23 May 2013 08:27:05 -0400

America has no tolerance for wealthy people griping about their financial woes. But they have concerns too.

The Five Biggest College Myths

Fri, 24 May 2013 08:28:20 -0400

It’s the conventional wisdom that students and parents do their research on colleges and costs before making any commitment to attend a particular institution. A public college or university will cost close to $9,000 a year for tuition and fees for in-state students and $21,000 for out-of-state students, according to the College Board. A private [...]

Diamonds - An Investor's Best Friend?

Thu, 16 May 2013 14:28:07 -0400

Anyone wanting to invest in diamonds has a few options through which to do so – stocks, funds or the stones themselves.

Last Trading Week of May Ahead After Holiday

Fri, 24 May 2013 19:08:10 -0400

It had to happen at some point. Wall Street finally broke its 4-week winning streak, with the major indices down overall this past week amid Fed tapering fears, a Nikkei plunge and weak manufacturing data from China.

Seattle’s Best Bets on America’s Car Culture

Fri, 24 May 2013 16:43:18 -0400

Seattle's Best Coffee is making a bet on car-dependent commuters in Dallas-Fort Worth, opening 10 small stores around the metro area that combine drive-through and walk-up windows, while forgoing interior seating for patrons.

Blackstone notifies Cohen's SAC it intends to pull money: pension consultant

Sat, 25 May 2013 13:10:28 -0400

Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its ...

Yahoo joins growing list of bidders for Hulu: sources

Fri, 24 May 2013 16:19:18 -0400

Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters ...

News Corp to take charge of up to $1.4 billion this quarter

Fri, 24 May 2013 21:22:12 -0400

News Corp said on Friday it will write down the value of its Australian and U.S. publishing assets by up to $1.4 billion, as the company prepares to split its business between its newspaper and entertainment ...

Lobbying in American-US Airways deal focuses on small cities

Fri, 24 May 2013 21:20:20 -0400

US Airways Group and American Airlines , seeking approval for a merger that would create the world's largest airline, are warning lawmakers that a requirement to divest certain airport slots would lead ...

Ex-Virginia bank executives guilty in financial crisis case

Fri, 24 May 2013 19:46:42 -0400

The former chief executive of a failed U.S. bank in Norfolk, Virginia, and three others were convicted Friday of conspiracy to commit bank fraud and other charges in connection with a scheme to conceal ...

Chinese premier criticizes EU move on trade measures

Fri, 24 May 2013 22:57:29 -0400

Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties ...

Visa, Mastercard ask U.S. court to declare card fees are lawful

Fri, 24 May 2013 17:40:08 -0400

Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law. ...

Exclusive: In surprise, General Growth eyes New York office tower

Fri, 24 May 2013 19:27:35 -0400

General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail ...

U.S. audit regulator reaches deal with China on document access

Fri, 24 May 2013 16:29:35 -0400

U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United ...

Top CEOs Ranked by Their (Lousy) Stock Performance

Fri, 24 May 2013 10:32:12 -0400

Here's a list of CEO "underachievers" -- those whose stocks have done the worst since the beginning of each CEO's tenure.

Retail Wreck: Abercrombie and Aeropostale Slump

Fri, 24 May 2013 13:07:51 -0400

Clothiers catering to teens and young adults were selling off Friday, paced to the downside by Abercrombie & Fitch, which was having its worst trading session since last August following a weak quarter and poor outlook.

Can Delta Fly Higher?

Wed, 14 Nov 2012 17:21:17 -0500

Delta shares have soared 70 percent in the past 12 months. Enis Taner with RiskReversal.com and Steve Cortes with Veracruz TJM discuss.

Wall Street Wanes on Fed Uncertainty, S&P Dips for Third Day

Fri, 24 May 2013 16:37:13 -0400

The S&P 500 declined for a third day on Friday with the three major stock indexes posting their first negative week since mid-April on lingering concern that the U.S. central bank may scale back its stimulus measures to support the economy.

Visa, Mastercard Ask U.S. Court to Declare Card Fees Are Lawful

Fri, 24 May 2013 17:44:27 -0400

Visa and MasterCard, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law.

Google to Bankroll, Build Wireless Networks Across Africa

Fri, 24 May 2013 17:47:04 -0400

Google intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet.

Yahoo! Joins Growing List of Bidders for Hulu

Fri, 24 May 2013 16:06:36 -0400

Yahoo! Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid said Friday.

U.S. Loan Funds Gain $1.2 Billion as Fed Sparks Fears of Rising Rates

Fri, 24 May 2013 15:02:22 -0400

Investors worldwide poured $1.2 billion into corporate loan funds based in the United States in the latest week as signs the Federal Reserve could scale back on stimulus sparked fears of rising U.S. interest ...

Billionaire Investor Says Babies Are Like Divorce, They Both 'Kill' Focus

Fri, 24 May 2013 12:30:36 -0400

Hedge fund billionaire Paul Tudor Jones is making headlines after talking about “baby’s lips on a girl’s bosom” as a career-stunting “killer” for female Wall Street traders.

NY Attorney General: More Evidence Banks Violated Mortgage Pact

Fri, 24 May 2013 19:56:46 -0400

New York Attorney General Eric Schneiderman said there is mounting evidence that Bank of America Corp, Wells Fargo and Co and other banks violated the terms of a settlement designed to end mortgage servicing abuses.

Retirement Accounts Swell but Not by Nearly Enough

Fri, 24 May 2013 11:59:28 -0400

Fidelity reports that the average balance in the 401(k) retirement plans it administers hit a new record high of nearly $81,000 in the first quarter of 2013. But the overall picture on retirement planning remains distressing.

Rare Superman Comic Found in House Insulation

Fri, 24 May 2013 17:34:00 -0400

It's considered the Holy Grail of comic books: Action Comics No. 1 from 1938, featuring the debut of Superman. And David Gonzales found one mixed in with old newspapers insulating a wall in a house he was renovating in a small town in Minnesota.

Senator urges 'extreme caution' on SoftBank -Sprint deal

Fri, 24 May 2013 17:53:51 -0400

An influential senator expressed strong concerns on Friday about Japanese company SoftBank Corp's plan to buy 70 percent of Sprint Nextel , warning it could expose the United States to Chinese cyber attacks. ...

The Five Biggest College Myths

Fri, 24 May 2013 08:51:09 -0400

These are the biggest myths surrounding college, says Jeff Selingo, editor at large of The Chronicle of Higher Education, and author of College Unbound: The Future of Higher Education and What It Means for Students.

Hedgies Hit the Hamptons! Time to Take Profits

Fri, 24 May 2013 09:20:35 -0400

Nick Colas of ConvergEx Group says the steep price hedgies are willing to pay for the right to gaze wistfully at the green light is flashing a red light for investors.

Debt Collector Sued Over Tactics

Thu, 23 May 2013 21:09:00 -0400

A lawsuit alleges that Palisades Collection of New Jersey and its law firm Pressler & Pressler sued thousands of New Yorkers over unpaid accounts with AT&T Wireless—debts the people say they never incurred.

IRS Replaces Official Who Revealed Targeting

Fri, 24 May 2013 09:42:19 -0400

The Internal Revenue Service official who led the unit that targeted tea party groups and publicly disclosed the activity has been replaced, making her the third top IRS official moved aside since the ...

Durable Goods Orders Rise, Point to Factory Sector Resilience

Fri, 24 May 2013 11:14:50 -0400

Orders for long-lasting manufactured goods rose more than expected in April, a sign of resilience in the factory sector despite belt-tightening in Washington and weakness in overseas markets.

4 SAC Executives Subpoenaed in Insider Trading Inquiry

Thu, 23 May 2013 20:45:35 -0400

The four executives were ordered to testify before a grand jury investigating actions at the hedge fund.

Poor Hit Hardest by Washington Budget Cuts

Fri, 24 May 2013 05:28:00 -0400

Forced federal spending cuts intended to be equal and across-the-board have lately fallen harder on the nation's poor, sick and elderly.

Gap Posts 43% Profit Gain, Reflecting Turnaround Effort

Thu, 23 May 2013 19:56:29 -0400

After struggling for years, Gap Inc., which owns Gap, Old Navy and Banana Republic, began a strong turnaround this year with a 43 percent increase in net income.

Abercrombie Shares Slide After Earnings Disappoint

Fri, 24 May 2013 07:17:08 -0400

Abercrombie & Fitch shares fell more than 10% in the premarket after the teen retailer reported a first-quarter loss of $7.2 million and reined in its profit forecast.

Weather or Not: How Much Does Rain Hurt Retail?

Fri, 24 May 2013 09:32:08 -0400

Many retailers have been blaming bad weather for lackluster earnings this season, but how much does rain really hurt retail sales?

Abercrombie & Ditch? Investors Bail on Beleaguered Brand

Fri, 24 May 2013 12:39:00 -0400

For all the negative publicity and social media outrage, Abercrombie & Fitch has endured over the past month, the stock of the trendy retailer remained resilient. But that came to a screeching halt this morning.

Doomsday Investors Bet on Crash

Fri, 24 May 2013 07:14:00 -0400

Stocks were set to log a weekly loss following a stellar run that's gotten so heated some investors are making bets on a big crash.

The Rise of the Zombie CEOs

Fri, 24 May 2013 11:50:57 -0400

For the second time in as many months, a floundering corporation has gone back to the future by bringing back a departed CEO in an act of risk aversion.