Saturday, May 25, 2013

Business News Headlines - Yahoo! News

Business News Headlines - Yahoo! Newshttp://news.yahoo.com/business/ Get the latest Business news headlines from Yahoo! News. Find breaking business news, including analysis and opinion on top business stories.en-USCopyright (c) 2013 Yahoo! Inc. All rights reservedThu, 23 May 2013 11:28:40 -04005Business News Headlines - Yahoo! Newshttp://news.yahoo.com/business/ http://l.yimg.com/a/i/us/nws/th/main_142c.gifJobless claims data suggests labor market strength<p><a href="http://news.yahoo.com/jobless-claims-drop-more-expected-last-week-123650734.html"><img src="http://l2.yimg.com/bt/api/res/1.2/v.Eqwy8zvfMryK4rJ7N.Mw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T123650Z_1_CBRE94M0Z2000_RTROPTP_2_USA.JPG" width="130" height="86" alt="Hundreds of job seekers wait in line with their resumes to talk to recruiters at the Colorado Hospital Association health care career fair in Denver" align="left" title="Hundreds of job seekers wait in line with their resumes to talk to recruiters at the Colorado Hospital Association health care career fair in Denver" border="0" /></a>By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington. The improving job market tone is helping to prop up housing, with rising home prices keeping domestic consumption supported. But tighter fiscal policy as the government tries to slash its bloated budget deficit is dampening factory activity. ...</p><br clear="all"/>http://news.yahoo.com/jobless-claims-drop-more-expected-last-week-123650734.htmlThu, 23 May 2013 11:28:40 -0400Reutersjobless-claims-drop-more-expected-last-week-123650734<p><a href="http://news.yahoo.com/jobless-claims-drop-more-expected-last-week-123650734.html"><img src="http://l2.yimg.com/bt/api/res/1.2/v.Eqwy8zvfMryK4rJ7N.Mw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T123650Z_1_CBRE94M0Z2000_RTROPTP_2_USA.JPG" width="130" height="86" alt="Hundreds of job seekers wait in line with their resumes to talk to recruiters at the Colorado Hospital Association health care career fair in Denver" align="left" title="Hundreds of job seekers wait in line with their resumes to talk to recruiters at the Colorado Hospital Association health care career fair in Denver" border="0" /></a>By Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington. The improving job market tone is helping to prop up housing, with rising home prices keeping domestic consumption supported. But tighter fiscal policy as the government tries to slash its bloated budget deficit is dampening factory activity. ...</p><br clear="all"/>EU wants big companies to reveal national tax bills<p><a href="http://news.yahoo.com/eu-wants-big-companies-reveal-national-tax-bills-115637093.html"><img src="http://l3.yimg.com/bt/api/res/1.2/PzlLJcwVPp0ANZpvpV6DpA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T124405Z_1_CBRE94M0X6N00_RTROPTP_2_USA-TAX-APPLE-IRELAND.JPG" width="130" height="86" alt="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" align="left" title="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" border="0" /></a>By John O&#039;Donnell BRUSSELS (Reuters) - Europe&#039;s top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge of drafting business regulation, said in a speech in Amsterdam that rules which will force banks to report their profits, taxes and subsidies by country from 2015 should be extended to cover other companies. &quot;We will expand these reporting obligations to large companies and groups,&quot; he said on Thursday. ...</p><br clear="all"/>http://news.yahoo.com/eu-wants-big-companies-reveal-national-tax-bills-115637093.htmlThu, 23 May 2013 08:44:05 -0400Reuterseu-wants-big-companies-reveal-national-tax-bills-115637093<p><a href="http://news.yahoo.com/eu-wants-big-companies-reveal-national-tax-bills-115637093.html"><img src="http://l3.yimg.com/bt/api/res/1.2/PzlLJcwVPp0ANZpvpV6DpA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T124405Z_1_CBRE94M0X6N00_RTROPTP_2_USA-TAX-APPLE-IRELAND.JPG" width="130" height="86" alt="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" align="left" title="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" border="0" /></a>By John O&#039;Donnell BRUSSELS (Reuters) - Europe&#039;s top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Michel Barnier, the European commissioner in charge of drafting business regulation, said in a speech in Amsterdam that rules which will force banks to report their profits, taxes and subsidies by country from 2015 should be extended to cover other companies. &quot;We will expand these reporting obligations to large companies and groups,&quot; he said on Thursday. ...</p><br clear="all"/>Wall St. pares losses, Dow edges up<p><a href="http://news.yahoo.com/wall-street-falters-volatile-session-fed-worries-003058523.html"><img src="http://l3.yimg.com/bt/api/res/1.2/5AKtd5q8hUhnq5kUyG61Ng--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T114900Z_8_CBRE94K16HT00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor at the New York Stock Exchange" align="left" title="Traders work on the floor at the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - Stocks pared their losses on Thursday, with the Dow turning positive on strength in Hewlett-Packard Co and Boeing Co HP soared 14.1 percent to $24.22 a day after raising its profit outlook, while Boeing gained 1.9 percent to $99.82. The Dow Jones industrial average rose 3.90 points, or 0.03 percent, to 15,311.07. The Standard &amp; Poor&#039;s 500 Index was down 3.01 points, or 0.18 percent, at 1,652.34. The Nasdaq Composite Index was down 1.01 points, or 0.03 percent, at 3,462.29. (Reporting by Ryan Vlastelica; Editing by Jan Paschal)</p><br clear="all"/>http://news.yahoo.com/wall-street-falters-volatile-session-fed-worries-003058523.htmlThu, 23 May 2013 12:10:41 -0400Reuterswall-street-falters-volatile-session-fed-worries-003058523<p><a href="http://news.yahoo.com/wall-street-falters-volatile-session-fed-worries-003058523.html"><img src="http://l3.yimg.com/bt/api/res/1.2/5AKtd5q8hUhnq5kUyG61Ng--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T114900Z_8_CBRE94K16HT00_RTROPTP_2_MARKETS-STOCKS.JPG" width="130" height="86" alt="Traders work on the floor at the New York Stock Exchange" align="left" title="Traders work on the floor at the New York Stock Exchange" border="0" /></a>NEW YORK (Reuters) - Stocks pared their losses on Thursday, with the Dow turning positive on strength in Hewlett-Packard Co and Boeing Co HP soared 14.1 percent to $24.22 a day after raising its profit outlook, while Boeing gained 1.9 percent to $99.82. The Dow Jones industrial average rose 3.90 points, or 0.03 percent, to 15,311.07. The Standard &amp; Poor&#039;s 500 Index was down 3.01 points, or 0.18 percent, at 1,652.34. The Nasdaq Composite Index was down 1.01 points, or 0.03 percent, at 3,462.29. (Reporting by Ryan Vlastelica; Editing by Jan Paschal)</p><br clear="all"/>Apple enjoyed Irish tax holiday from the start<p><a href="http://news.yahoo.com/apple-enjoyed-irish-tax-holiday-start-135438483.html"><img src="http://l.yimg.com/bt/api/res/1.2/iIh.hUNPrTbLxIcSphk8qQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T161141Z_1_CBRE94M12NI00_RTROPTP_2_USA-TAX-APPLE-IRELAND.JPG" width="130" height="86" alt="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" align="left" title="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" border="0" /></a>By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe&#039;s poorest countries, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism from a Senate subcommittee in Washington on Tuesday over the iPad and iPhone maker&#039;s tax practices, which had been shrouded from full view behind secretive tax-exempt Irish-based corporate entities. ...</p><br clear="all"/>http://news.yahoo.com/apple-enjoyed-irish-tax-holiday-start-135438483.htmlThu, 23 May 2013 12:11:41 -0400Reutersapple-enjoyed-irish-tax-holiday-start-135438483<p><a href="http://news.yahoo.com/apple-enjoyed-irish-tax-holiday-start-135438483.html"><img src="http://l.yimg.com/bt/api/res/1.2/iIh.hUNPrTbLxIcSphk8qQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T161141Z_1_CBRE94M12NI00_RTROPTP_2_USA-TAX-APPLE-IRELAND.JPG" width="130" height="86" alt="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" align="left" title="Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, Cork, in the south of Ireland" border="0" /></a>By Poornima Gupta and Padraic Halpin SAN FRANCISCO/DUBLIN (Reuters) - Apple has operated almost tax-free in Ireland since 1980, welcomed by a government keen to bring jobs to what was then one of Europe&#039;s poorest countries, former company executives and Irish officials have said. Chief Executive Tim Cook faced criticism from a Senate subcommittee in Washington on Tuesday over the iPad and iPhone maker&#039;s tax practices, which had been shrouded from full view behind secretive tax-exempt Irish-based corporate entities. ...</p><br clear="all"/>New car sales seen up 6-8 percent in May: analysts<p><a href="http://news.yahoo.com/car-sales-seen-8-percent-may-research-firms-145752731.html"><img src="http://l3.yimg.com/bt/api/res/1.2/tp8IhwbZs_xqNoviPU2x6w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T145752Z_1_CBRE94M15LC00_RTROPTP_2_USA-AUTOSALES.JPG" width="130" height="86" alt="A row of Jeeps are seen in Gaithersburg, Maryland" align="left" title="A row of Jeeps are seen in Gaithersburg, Maryland" border="0" /></a>DETROIT (Reuters) - Auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. Sales of new cars and trucks in May are expected to top 1.43 million vehicles, while the annual sales pace is forecast to hit 15.2 million vehicles, according to a report by J.D. Power and Associates and LMC Automotive, as well as one by TrueCar.com. Kelley Blue Book&#039;s forecast is slightly more conservative, as it sees sales rising 6 percent to almost 1. ...</p><br clear="all"/>http://news.yahoo.com/car-sales-seen-8-percent-may-research-firms-145752731.htmlThu, 23 May 2013 12:20:30 -0400Reuterscar-sales-seen-8-percent-may-research-firms-145752731<p><a href="http://news.yahoo.com/car-sales-seen-8-percent-may-research-firms-145752731.html"><img src="http://l3.yimg.com/bt/api/res/1.2/tp8IhwbZs_xqNoviPU2x6w--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T145752Z_1_CBRE94M15LC00_RTROPTP_2_USA-AUTOSALES.JPG" width="130" height="86" alt="A row of Jeeps are seen in Gaithersburg, Maryland" align="left" title="A row of Jeeps are seen in Gaithersburg, Maryland" border="0" /></a>DETROIT (Reuters) - Auto sales in May are expected to rise 6 percent to 8 percent and the annual sales pace should rebound back above 15 million vehicles after a disappointing result in the prior month, two research reports said on Thursday. Sales of new cars and trucks in May are expected to top 1.43 million vehicles, while the annual sales pace is forecast to hit 15.2 million vehicles, according to a report by J.D. Power and Associates and LMC Automotive, as well as one by TrueCar.com. Kelley Blue Book&#039;s forecast is slightly more conservative, as it sees sales rising 6 percent to almost 1. ...</p><br clear="all"/>Fed not "that close" to winding down stimulus: Bullard<p><a href="http://news.yahoo.com/fed-not-close-winding-down-stimulus-bullard-124214110.html"><img src="http://l2.yimg.com/bt/api/res/1.2/4UTCxZZbVVUZ2THileGnEQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T124334Z_2_CBRE94M0XOE00_RTROPTP_2_USA.JPG" width="130" height="86" alt="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" align="left" title="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" border="0" /></a>By Marc Jones LONDON (Reuters) - A senior central banker sought to give reassurance on Thursday that the Fed is in no hurry to start winding down its economic stimulus after comments by chairman Ben Bernanke sent stock markets tumbling. James Bullard, president of the Federal Reserve Bank of St. Louis, said on Thursday he did not think the Fed was &quot;that close&quot; to starting the process of winding down its support although it was the likely next step if the economy continued to improve and inflation picks up. ...</p><br clear="all"/>http://news.yahoo.com/fed-not-close-winding-down-stimulus-bullard-124214110.htmlThu, 23 May 2013 09:11:35 -0400Reutersfed-not-close-winding-down-stimulus-bullard-124214110<p><a href="http://news.yahoo.com/fed-not-close-winding-down-stimulus-bullard-124214110.html"><img src="http://l2.yimg.com/bt/api/res/1.2/4UTCxZZbVVUZ2THileGnEQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T124334Z_2_CBRE94M0XOE00_RTROPTP_2_USA.JPG" width="130" height="86" alt="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" align="left" title="The Federal Reserve Bank of St. Louis&#039; President and CEO James Bullard speaks during the &quot;Hyman P. Minsky Conference on the State of the U.S. and World Economies,&quot; in New York" border="0" /></a>By Marc Jones LONDON (Reuters) - A senior central banker sought to give reassurance on Thursday that the Fed is in no hurry to start winding down its economic stimulus after comments by chairman Ben Bernanke sent stock markets tumbling. James Bullard, president of the Federal Reserve Bank of St. Louis, said on Thursday he did not think the Fed was &quot;that close&quot; to starting the process of winding down its support although it was the likely next step if the economy continued to improve and inflation picks up. ...</p><br clear="all"/>Ally to pay $2.1 billion to settle ResCap litigation<p><a href="http://news.yahoo.com/ally-pay-2-1-billion-settle-rescap-litigation-144505731.html"><img src="http://l.yimg.com/bt/api/res/1.2/xAibBM8XvbQHtZFNbsIjfA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T144953Z_1_CBRE94M14ZM00_RTROPTP_2_USA.JPG" width="130" height="86" alt="Ally Financial sign is seen on a building in Charlotte, North Carolina" align="left" title="Ally Financial sign is seen on a building in Charlotte, North Carolina" border="0" /></a>By Tom Hals (Reuters) - Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. The deal will allow Ally to put behind it problems tied to mortgage lending so it can focus on its U.S. auto financing business and its online bank. The settlement also paves the way for ResCap to repay its creditors. Under the deal, detailed in a court filing on Thursday, Ally will pay $1.95 billion in cash and expects $150 million more to come from its insurers. ...</p><br clear="all"/>http://news.yahoo.com/ally-pay-2-1-billion-settle-rescap-litigation-144505731.htmlThu, 23 May 2013 10:49:53 -0400Reutersally-pay-2-1-billion-settle-rescap-litigation-144505731<p><a href="http://news.yahoo.com/ally-pay-2-1-billion-settle-rescap-litigation-144505731.html"><img src="http://l.yimg.com/bt/api/res/1.2/xAibBM8XvbQHtZFNbsIjfA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T144953Z_1_CBRE94M14ZM00_RTROPTP_2_USA.JPG" width="130" height="86" alt="Ally Financial sign is seen on a building in Charlotte, North Carolina" align="left" title="Ally Financial sign is seen on a building in Charlotte, North Carolina" border="0" /></a>By Tom Hals (Reuters) - Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. The deal will allow Ally to put behind it problems tied to mortgage lending so it can focus on its U.S. auto financing business and its online bank. The settlement also paves the way for ResCap to repay its creditors. Under the deal, detailed in a court filing on Thursday, Ally will pay $1.95 billion in cash and expects $150 million more to come from its insurers. ...</p><br clear="all"/>Former Chrysler, Fisker CEO launches venture fund with PenskeBy Deepa Seetharaman DETROIT (Reuters) - Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups. The fund, IncWell LP, will provide initial investments ranging from $50,000 and $250,000. IncWell has "strong interests" in the areas of clean energy, medical, healthcare, transportation and information applications. LaSorda, who was also a key manufacturing executive at General Motors Co, left Chrysler in 2009 just after the automaker filed for bankruptcy. ...http://news.yahoo.com/former-chrysler-fisker-ceo-launches-venture-fund-penske-155527847.htmlThu, 23 May 2013 11:55:27 -0400Reutersformer-chrysler-fisker-ceo-launches-venture-fund-penske-155527847U.S., Chinese factories struggle, Fed hints at less stimulus<p><a href="http://news.yahoo.com/warning-signs-china-fed-hints-curbing-stimulus-105330075.html"><img src="http://l1.yimg.com/bt/api/res/1.2/_QiD9mHmpdsDF_aBwjkGOg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T105330Z_1_CBRE94M0U9B00_RTROPTP_2_CHINA-ECONOMY-FLASH-PMI.JPG" width="130" height="86" alt="An employee welds a water turbine at a factory in Jinhua, Zhejiang province" align="left" title="An employee welds a water turbine at a factory in Jinhua, Zhejiang province" border="0" /></a>By Andy Bruce and Steven C. Johnson LONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam. Thursday&#039;s downbeat business surveys from the world&#039;s top two economies, however, may not assuage some of the market fears stoked this week by Federal Reserve Chairman Ben Bernanke, who hinted that the U.S. central bank could soon scale back monthly bond purchases provided the economy maintained recent momentum. ...</p><br clear="all"/>http://news.yahoo.com/warning-signs-china-fed-hints-curbing-stimulus-105330075.htmlThu, 23 May 2013 10:27:06 -0400Reuterswarning-signs-china-fed-hints-curbing-stimulus-105330075<p><a href="http://news.yahoo.com/warning-signs-china-fed-hints-curbing-stimulus-105330075.html"><img src="http://l1.yimg.com/bt/api/res/1.2/_QiD9mHmpdsDF_aBwjkGOg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-05-23T105330Z_1_CBRE94M0U9B00_RTROPTP_2_CHINA-ECONOMY-FLASH-PMI.JPG" width="130" height="86" alt="An employee welds a water turbine at a factory in Jinhua, Zhejiang province" align="left" title="An employee welds a water turbine at a factory in Jinhua, Zhejiang province" border="0" /></a>By Andy Bruce and Steven C. Johnson LONDON/NEW YORK (Reuters) - Chinese factory activity declined in May for the first time in seven months and U.S. manufacturing grew at its slowest clip since October, suggesting it may take a while before the global economy starts to pick up steam. Thursday&#039;s downbeat business surveys from the world&#039;s top two economies, however, may not assuage some of the market fears stoked this week by Federal Reserve Chairman Ben Bernanke, who hinted that the U.S. central bank could soon scale back monthly bond purchases provided the economy maintained recent momentum. ...</p><br clear="all"/>Forest Labs' longtime CEO Solomon to step down at year-end(Reuters) - Forest Laboratories Inc said Howard Solomon, its chief executive of more than 35 years, will retire at the end of this year, capping a tenure that saw the company morph from a small generic and vitamins maker to a $10 billion corporation. Solomon will continue in the chairman role until the annual shareholder meeting in 2014, the company said. Forest Labs, which was in a bitter proxy battle with activist investor Carl Icahn last year, said it has been evaluating internal and external candidates for the top job. ...http://news.yahoo.com/forest-labs-longtime-ceo-solomon-step-down-end-155245793.htmlThu, 23 May 2013 11:52:45 -0400Reutersforest-labs-longtime-ceo-solomon-step-down-end-155245793US stock market recovers most of an early loss<p><a href="http://news.yahoo.com/us-stock-market-recovers-most-early-loss-155420205.html"><img src="http://l3.yimg.com/bt/api/res/1.2/cVnwtskPBK1w_OdCndubaw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/564dbc2345c9af11320f6a706700f94e.jpg" width="130" height="86" alt="Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange Thursday, May 23, 2013. Stocks fell in early trading, extending a sell-off that began Wednesday afternoon, after Chinese manufacturing unexpectedly contracted and on concern that the Federal Reserve may ease back on its stimulus program. (AP Photo/Richard Drew)" align="left" title="Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange Thursday, May 23, 2013. Stocks fell in early trading, extending a sell-off that began Wednesday afternoon, after Chinese manufacturing unexpectedly contracted and on concern that the Federal Reserve may ease back on its stimulus program. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.</p><br clear="all"/>http://news.yahoo.com/us-stock-market-recovers-most-early-loss-155420205.htmlThu, 23 May 2013 11:54:20 -0400Associated Pressus-stock-market-recovers-most-early-loss-155420205<p><a href="http://news.yahoo.com/us-stock-market-recovers-most-early-loss-155420205.html"><img src="http://l3.yimg.com/bt/api/res/1.2/cVnwtskPBK1w_OdCndubaw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/564dbc2345c9af11320f6a706700f94e.jpg" width="130" height="86" alt="Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange Thursday, May 23, 2013. Stocks fell in early trading, extending a sell-off that began Wednesday afternoon, after Chinese manufacturing unexpectedly contracted and on concern that the Federal Reserve may ease back on its stimulus program. (AP Photo/Richard Drew)" align="left" title="Joseph Lawler, right, works with fellow traders on the floor of the New York Stock Exchange Thursday, May 23, 2013. Stocks fell in early trading, extending a sell-off that began Wednesday afternoon, after Chinese manufacturing unexpectedly contracted and on concern that the Federal Reserve may ease back on its stimulus program. (AP Photo/Richard Drew)" border="0" /></a>NEW YORK (AP) ? Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.</p><br clear="all"/>Applications for US unemployment aid fall to 340K<p><a href="http://news.yahoo.com/applications-us-unemployment-aid-fall-340k-133704074.html"><img src="http://l3.yimg.com/bt/api/res/1.2/eZjDN7Mb.ulhGpQV2T4VFQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/176b6e194461a811320f6a70670000e7.jpg" width="130" height="86" alt="FILE - In this April 4, 2013 file photo, people line up for entry to a job fair in Montpelier, Vt. The Labor Department reports on the number of Americans who applied for unemployment benefits last week on Thursday, May 23, 2013. (AP Photo/Toby Talbot)" align="left" title="FILE - In this April 4, 2013 file photo, people line up for entry to a job fair in Montpelier, Vt. The Labor Department reports on the number of Americans who applied for unemployment benefits last week on Thursday, May 23, 2013. (AP Photo/Toby Talbot)" border="0" /></a>WASHINGTON (AP) ? The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.</p><br clear="all"/>http://news.yahoo.com/applications-us-unemployment-aid-fall-340k-133704074.htmlThu, 23 May 2013 09:37:04 -0400Associated Pressapplications-us-unemployment-aid-fall-340k-133704074<p><a href="http://news.yahoo.com/applications-us-unemployment-aid-fall-340k-133704074.html"><img src="http://l3.yimg.com/bt/api/res/1.2/eZjDN7Mb.ulhGpQV2T4VFQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/176b6e194461a811320f6a70670000e7.jpg" width="130" height="86" alt="FILE - In this April 4, 2013 file photo, people line up for entry to a job fair in Montpelier, Vt. The Labor Department reports on the number of Americans who applied for unemployment benefits last week on Thursday, May 23, 2013. (AP Photo/Toby Talbot)" align="left" title="FILE - In this April 4, 2013 file photo, people line up for entry to a job fair in Montpelier, Vt. The Labor Department reports on the number of Americans who applied for unemployment benefits last week on Thursday, May 23, 2013. (AP Photo/Toby Talbot)" border="0" /></a>WASHINGTON (AP) ? The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.</p><br clear="all"/>US new home sales up 2.3 percent in April<p><a href="http://news.yahoo.com/us-home-sales-2-3-percent-april-140437240.html"><img src="http://l.yimg.com/bt/api/res/1.2/TcmpzTpj7XoZyIll7Bx6RQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/d8803cae4463a811320f6a706700ea41.jpg" width="130" height="86" alt="In this Wednesday, April 24, 2013, photo, workers are seen at the construction site of a new housing complex, in Trenton, N.J. The Commerce Department reports on new-home sales for April on Thursday, May 23, 2013. (AP Photo/Mel Evans)" align="left" title="In this Wednesday, April 24, 2013, photo, workers are seen at the construction site of a new housing complex, in Trenton, N.J. The Commerce Department reports on new-home sales for April on Thursday, May 23, 2013. (AP Photo/Mel Evans)" border="0" /></a>WASHINGTON (AP) ? Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.</p><br clear="all"/>http://news.yahoo.com/us-home-sales-2-3-percent-april-140437240.htmlThu, 23 May 2013 10:19:46 -0400Associated Pressus-home-sales-2-3-percent-april-140437240<p><a href="http://news.yahoo.com/us-home-sales-2-3-percent-april-140437240.html"><img src="http://l.yimg.com/bt/api/res/1.2/TcmpzTpj7XoZyIll7Bx6RQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/d8803cae4463a811320f6a706700ea41.jpg" width="130" height="86" alt="In this Wednesday, April 24, 2013, photo, workers are seen at the construction site of a new housing complex, in Trenton, N.J. The Commerce Department reports on new-home sales for April on Thursday, May 23, 2013. (AP Photo/Mel Evans)" align="left" title="In this Wednesday, April 24, 2013, photo, workers are seen at the construction site of a new housing complex, in Trenton, N.J. The Commerce Department reports on new-home sales for April on Thursday, May 23, 2013. (AP Photo/Mel Evans)" border="0" /></a>WASHINGTON (AP) ? Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.</p><br clear="all"/>Japan gyrations underline economy's vulnerability<p><a href="http://news.yahoo.com/japan-gyrations-underline-economys-vulnerability-100933855.html"><img src="http://l1.yimg.com/bt/api/res/1.2/58tWc6EWWd9_TJYwNpnwPw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/83b63a504459a811320f6a706700eb81.jpg" width="130" height="86" alt="People walk by an electronic stock indicator outside a securities firm in Tokyo, Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at 14,483.98, its worst drop since the 2011 earthquake disaster. (AP Photo/Shizuo Kambayashi)" align="left" title="People walk by an electronic stock indicator outside a securities firm in Tokyo, Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at 14,483.98, its worst drop since the 2011 earthquake disaster. (AP Photo/Shizuo Kambayashi)" border="0" /></a>TOKYO (AP) ? Japan&#039;s financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation.</p><br clear="all"/>http://news.yahoo.com/japan-gyrations-underline-economys-vulnerability-100933855.htmlThu, 23 May 2013 07:26:46 -0400Associated Pressjapan-gyrations-underline-economys-vulnerability-100933855<p><a href="http://news.yahoo.com/japan-gyrations-underline-economys-vulnerability-100933855.html"><img src="http://l1.yimg.com/bt/api/res/1.2/58tWc6EWWd9_TJYwNpnwPw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/83b63a504459a811320f6a706700eb81.jpg" width="130" height="86" alt="People walk by an electronic stock indicator outside a securities firm in Tokyo, Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at 14,483.98, its worst drop since the 2011 earthquake disaster. (AP Photo/Shizuo Kambayashi)" align="left" title="People walk by an electronic stock indicator outside a securities firm in Tokyo, Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225 in Tokyo nosedived 7.3 percent to close at 14,483.98, its worst drop since the 2011 earthquake disaster. (AP Photo/Shizuo Kambayashi)" border="0" /></a>TOKYO (AP) ? Japan&#039;s financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation.</p><br clear="all"/>US rate on 30-year mortgages rises to 3.59 pct.WASHINGTON (AP) ? Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.http://news.yahoo.com/us-rate-30-mortgages-rises-3-59-pct-140207685.htmlThu, 23 May 2013 10:42:08 -0400Associated Pressus-rate-30-mortgages-rises-3-59-pct-140207685Survey shows China manufacturing contractingBEIJING (AP) ? A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.http://news.yahoo.com/survey-shows-china-manufacturing-contracting-024213862--finance.htmlThu, 23 May 2013 07:03:54 -0400Associated Presssurvey-shows-china-manufacturing-contracting-024213862--financeOil falls on concerns for China demand, Fed policyNEW YORK (AP) ? The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy.http://news.yahoo.com/oil-falls-concerns-china-demand-fed-policy-160202456.htmlThu, 23 May 2013 12:02:02 -0400Associated Pressoil-falls-concerns-china-demand-fed-policy-160202456Ralph Lauren's 4Q profit rises 35 pct<p><a href="http://news.yahoo.com/ralph-laurens-4q-profit-rises-35-pct-125615107.html"><img src="http://l.yimg.com/bt/api/res/1.2/Jk_Gwby8.Zs.tEgR69PPgw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f262e66f4462a811320f6a706700da72.jpg" width="130" height="86" alt="FILE - In this Thursday, Feb. 14, 2013, file photo, the Ralph Lauren Fall 2013 collection is modeled during Fashion Week in New York. Ralph Lauren Corp. reports quarterly financial results before the market opens on Thursday, May 23, 2013. (AP Photo/Richard Drew, File)" align="left" title="FILE - In this Thursday, Feb. 14, 2013, file photo, the Ralph Lauren Fall 2013 collection is modeled during Fashion Week in New York. Ralph Lauren Corp. reports quarterly financial results before the market opens on Thursday, May 23, 2013. (AP Photo/Richard Drew, File)" border="0" /></a>NEW YORK (AP) ? Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.</p><br clear="all"/>http://news.yahoo.com/ralph-laurens-4q-profit-rises-35-pct-125615107.htmlThu, 23 May 2013 12:06:58 -0400Associated Pressralph-laurens-4q-profit-rises-35-pct-125615107<p><a href="http://news.yahoo.com/ralph-laurens-4q-profit-rises-35-pct-125615107.html"><img src="http://l.yimg.com/bt/api/res/1.2/Jk_Gwby8.Zs.tEgR69PPgw--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/f262e66f4462a811320f6a706700da72.jpg" width="130" height="86" alt="FILE - In this Thursday, Feb. 14, 2013, file photo, the Ralph Lauren Fall 2013 collection is modeled during Fashion Week in New York. Ralph Lauren Corp. reports quarterly financial results before the market opens on Thursday, May 23, 2013. (AP Photo/Richard Drew, File)" align="left" title="FILE - In this Thursday, Feb. 14, 2013, file photo, the Ralph Lauren Fall 2013 collection is modeled during Fashion Week in New York. Ralph Lauren Corp. reports quarterly financial results before the market opens on Thursday, May 23, 2013. (AP Photo/Richard Drew, File)" border="0" /></a>NEW YORK (AP) ? Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.</p><br clear="all"/>Birth control coverage up for federal appeal<p><a href="http://news.yahoo.com/birth-control-coverage-federal-appeal-074953362.html"><img src="http://l2.yimg.com/bt/api/res/1.2/RV..TtlCVu2FBVYHSIIVgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/d1d4ca8e439da411320f6a706700b051.jpg" width="130" height="86" alt="Customers are seen at a Hobby Lobby store in Denver on Wednesday, May 22, 2013. A challenge to the federal health care law faces its most prominent test yet in a full 10th Circuit hearing in Denver on Thursday. Hobby Lobby stores is challenging a federal mandate requiring it to offer employees health coverage that includes access to the morining-after birth control pill. The Oklahoma based arts and crafts chain says the mandate violates the religious beliefs of its owners. (AP Photo/Ed Andrieski)" align="left" title="Customers are seen at a Hobby Lobby store in Denver on Wednesday, May 22, 2013. A challenge to the federal health care law faces its most prominent test yet in a full 10th Circuit hearing in Denver on Thursday. Hobby Lobby stores is challenging a federal mandate requiring it to offer employees health coverage that includes access to the morining-after birth control pill. The Oklahoma based arts and crafts chain says the mandate violates the religious beliefs of its owners. (AP Photo/Ed Andrieski)" border="0" /></a>DENVER (AP) ? In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.</p><br clear="all"/>http://news.yahoo.com/birth-control-coverage-federal-appeal-074953362.htmlThu, 23 May 2013 11:43:05 -0400Associated Pressbirth-control-coverage-federal-appeal-074953362<p><a href="http://news.yahoo.com/birth-control-coverage-federal-appeal-074953362.html"><img src="http://l2.yimg.com/bt/api/res/1.2/RV..TtlCVu2FBVYHSIIVgg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/ap_webfeeds/d1d4ca8e439da411320f6a706700b051.jpg" width="130" height="86" alt="Customers are seen at a Hobby Lobby store in Denver on Wednesday, May 22, 2013. A challenge to the federal health care law faces its most prominent test yet in a full 10th Circuit hearing in Denver on Thursday. Hobby Lobby stores is challenging a federal mandate requiring it to offer employees health coverage that includes access to the morining-after birth control pill. The Oklahoma based arts and crafts chain says the mandate violates the religious beliefs of its owners. (AP Photo/Ed Andrieski)" align="left" title="Customers are seen at a Hobby Lobby store in Denver on Wednesday, May 22, 2013. A challenge to the federal health care law faces its most prominent test yet in a full 10th Circuit hearing in Denver on Thursday. Hobby Lobby stores is challenging a federal mandate requiring it to offer employees health coverage that includes access to the morining-after birth control pill. The Oklahoma based arts and crafts chain says the mandate violates the religious beliefs of its owners. (AP Photo/Ed Andrieski)" border="0" /></a>DENVER (AP) ? In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.</p><br clear="all"/>Urban renewal? Big US cities showing strong growth<p><a href="http://news.yahoo.com/urban-renewal-big-us-cities-showing-strong-growth-040147793.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ESSWB2_KxGx_uTpett6Jdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3B4b2ZmPTUwO3B5b2ZmPTA7cT04NTt3PTEzMA--/http://media.zenfs.com/en_us/News/ap_webfeeds/faf003d04375a411320f6a7067009efd.jpg" width="130" height="86" alt="Chart shows 15 fastest-growing large cities" align="left" title="Chart shows 15 fastest-growing large cities" border="0" /></a>WASHINGTON (AP) ? Urban renewal? New census estimates show that most of the nation&#039;s largest cities further enhanced their allure last year, posting strong population growth for a second straight year.</p><br clear="all"/>http://news.yahoo.com/urban-renewal-big-us-cities-showing-strong-growth-040147793.htmlThu, 23 May 2013 00:22:17 -0400Associated Pressurban-renewal-big-us-cities-showing-strong-growth-040147793<p><a href="http://news.yahoo.com/urban-renewal-big-us-cities-showing-strong-growth-040147793.html"><img src="http://l1.yimg.com/bt/api/res/1.2/ESSWB2_KxGx_uTpett6Jdg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3B4b2ZmPTUwO3B5b2ZmPTA7cT04NTt3PTEzMA--/http://media.zenfs.com/en_us/News/ap_webfeeds/faf003d04375a411320f6a7067009efd.jpg" width="130" height="86" alt="Chart shows 15 fastest-growing large cities" align="left" title="Chart shows 15 fastest-growing large cities" border="0" /></a>WASHINGTON (AP) ? Urban renewal? New census estimates show that most of the nation&#039;s largest cities further enhanced their allure last year, posting strong population growth for a second straight year.</p><br clear="all"/>Photos: Frank Lloyd Wright Homes For SaleFrank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history. ? ? ? ?http://abcnews.go.com/Business/slideshow/frank-lloyd-wright-homes-investment-worthy-suckers-18551295Fri, 17 May 2013 18:14:23 -0400ABC News (RSS)Business/slideshow/frank-lloyd-wright-homes-investment-worthy-suckers-18551295Martha Stewart Case Judge Ruling Favors JCPThe judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores. ? ? ? ?http://abcnews.go.com/Business/partial-ruling-favors-jc-penney-macys-suit-martha/story?id=18942572Fri, 12 Apr 2013 15:19:40 -0400ABC News (RSS)Business/partial-ruling-favors-jc-penney-macys-suit-martha/storyCouple Finds $100,000 in Safe Deposit BoxAn elderly couple in Brooklyn, N.Y., found a huge pile of cash?what they reckon was $100,000?in cash in a bank?s safe deposit box. Joe Valinoti, 82, and his companion, Kathleen Ricigliano, 81, said they opened a safe deposit box account with Sovereign Bank in February.... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/couple-finds-100000-in-safe-deposit-box/Fri, 12 Apr 2013 14:46:58 -0400ABC News (RSS)blogs/business/2013/04/couple-finds-100000-in-safe-deposit-box/3 Indicted for Millions of Fake MarlborosThree men were indicted this week for shipping millions of packs of untaxed contraband Marlboro cigarettes that were part of a sting conducted by the FBI. Jia Yongming, Yazhou Wu, and Ricky Le were indicted by the U.S. Attorney?s Office on Monday in a U.S.... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/men-indicted-for-2-3m-packs-of-fake-marlboros/Fri, 12 Apr 2013 14:00:18 -0400ABC News (RSS)blogs/business/2013/04/men-indicted-for-2-3m-packs-of-fake-marlboros/Men Charged for Millions of Fake MarlborosThree men were indicted this week for shipping millions of packs of untaxed contraband Marlboro cigarettes that were part of a sting conducted by the FBI. Jia Yongming, Yazhou Wu, and Ricky Le were indicted by the U.S. Attorney?s Office on Monday in a U.S.... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/men-indicted-for-2-3m-packs-of-fake-marlboros/Fri, 12 Apr 2013 13:51:58 -0400ABC News (RSS)blogs/business/2013/04/men-indicted-for-2-3m-packs-of-fake-marlboros/Holy Grail of Books Could Fetch $30MA rare psalm book from 1640 could fetch between $15 million to $30 million at a Sotheby?s auction on Nov. 26 in New York. ?It?s going to be far and away the most expensive book ever sold,? David Redden, vice chairman of Sotheby?s auction house,... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/holy-grail-of-rare-books-hymnal-could-fetch-30m/Fri, 12 Apr 2013 13:19:01 -0400ABC News (RSS)blogs/business/2013/04/holy-grail-of-rare-books-hymnal-could-fetch-30m/Holy Grail of Rare Books, Hymnal Could Fetch $30MA rare psalm book from 1640 could fetch between $15 million to $30 million at a Sotheby?s auction on Nov. 26 in New York. ?It?s going to be far and away the most expensive book ever sold,? David Redden, vice chairman of Sotheby?s auction house,... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/holy-grail-of-rare-books-hymnal-could-fetch-30m/Fri, 12 Apr 2013 12:49:28 -0400ABC News (RSS)blogs/business/2013/04/holy-grail-of-rare-books-hymnal-could-fetch-30m/McDonald's Apologizes for Sad Big Mac AdMcDonald?s has apologized for a Big Mac ad that enflamed the fast food giant in a whopper-sized controversy. The ad, a poster placed on Boston mass transit, featured a photo of a seemingly despondent woman with her head buried in her hands next to the... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/mcdonalds-apologizes-for-sad-big-mac-ad/Fri, 12 Apr 2013 12:39:28 -0400ABC News (RSS)blogs/business/2013/04/mcdonalds-apologizes-for-sad-big-mac-ad/Retail Sales Fall, Sending Stocks DownRetail sales fell by 0.4 percent in March, according to the Commerce Department, the biggest drop in nine months. The major stock market indexes slid on the news. Taxes went up at the beginning of the year for everyone who gets a paycheck and that... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/retail-sales-fall-sending-stocks-down/Fri, 12 Apr 2013 11:22:28 -0400ABC News (RSS)blogs/business/2013/04/retail-sales-fall-sending-stocks-down/Photos: Rock Icon's Former Home on SaleA former home of rock legend Stevie Nicks and silent-movie star Vilma Banky is on sale for $1.625 million. The 4-bedroom home in the Hollywood Hills has a guest apartment, sunset views and spans 3,538-square feet. Nicks purchased the property in the late '70s and recorded numerous demos there, according to Curbed. Banky reportedly lived there after it was built in the late '20s. The home was last purchased in December 2000 for $1.15 million. ? ? ? ?http://abcnews.go.com/Business/slideshow/stevie-nicks-los-angeles-home-listed-1625-million-6636854Fri, 12 Apr 2013 09:41:06 -0400ABC News (RSS)Business/slideshow/stevie-nicks-los-angeles-home-listed-1625-million-6636854A New Way to Buy Powerball TicketsThose Californians who missed out on the state?s first Powerball drawing on Wednesday, which did not yield a winner, will have another chance at the estimated $60 million jackpot during the second drawing on Saturday. Homebound residents or anybody else who doesn?t feel like visiting... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/lottogopher-com-wants-to-sell-you-lotto-tickets-online/Fri, 12 Apr 2013 09:13:05 -0400ABC News (RSS)blogs/business/2013/04/lottogopher-com-wants-to-sell-you-lotto-tickets-online/Investment Scam Hits NFL, NBA StarsMorning Business Memo? Dozens of current and former NFL and NBA players may have been the victims of an investment scam. FINRA ? the Financial Industry Regulatory Authority ? filed a cease-and-desist order against Success Trade Securities, alleging the online investment firm ripped off 58... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/investment-scam-hits-nfl-nba-stars/Fri, 12 Apr 2013 08:11:28 -0400ABC News (RSS)blogs/business/2013/04/investment-scam-hits-nfl-nba-stars/Lotto Tickets Now Available OnlineThose Californians who missed out on the state?s first Powerball drawing on Wednesday, which did not yield a winner, will have another chance at the estimated $60 million jackpot during the second drawing on Saturday. Homebound residents or anybody else who doesn?t feel like visiting... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/lottogopher-com-wants-to-sell-you-lotto-tickets-online/Fri, 12 Apr 2013 06:37:23 -0400ABC News (RSS)blogs/business/2013/04/lottogopher-com-wants-to-sell-you-lotto-tickets-online/Website Wants to Sell You Lotto Tickets OnlineThose Californians who missed out on the state?s first Powerball drawing on Wednesday, which did not yield a winner, will have another chance at the estimated $60 million jackpot during the second drawing on Saturday. Homebound residents or anybody else who doesn?t feel like visiting... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/lottogopher-com-wants-to-sell-you-lotto-tickets-online/Fri, 12 Apr 2013 06:05:00 -0400ABC News (RSS)blogs/business/2013/04/lottogopher-com-wants-to-sell-you-lotto-tickets-online/Photos: Rock Legend's Former Home on SaleA former home of rock legend Stevie Nicks and silent-movie star Vilma Banky is on sale for $1.625 million. The 4-bedroom home in the Hollywood Hills has a guest apartment, sunset views and spans 3,538-square feet. Nicks purchased the property in the late '70s and recorded numerous demos there, according to Curbed. Banky reportedly lived there after it was built in the late '20s. The home was last purchased in December 2000 for $1.15 million. ? ? ? ?http://abcnews.go.com/Business/slideshow/stevie-nicks-los-angeles-home-listed-1625-million-6636854Thu, 11 Apr 2013 23:54:58 -0400ABC News (RSS)Business/slideshow/stevie-nicks-los-angeles-home-listed-1625-million-6636854Tiger Woods Boosts Masters PricesWith round one of the Masters Golf Tournament underway, tickets for the famous game in Augusta, Ga., are still being sold online today. Though ABC News? Darren Rovell reports prices on web sites like StubHub have dropped to $3,000 to $4,000 today, some badges were... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/masters-ticket-prices-highest-since-tiger-woods-debut/Thu, 11 Apr 2013 16:28:56 -0400ABC News (RSS)blogs/business/2013/04/masters-ticket-prices-highest-since-tiger-woods-debut/Masters Ticket Prices Highest Since Tiger Woods DebutWith round one of the Masters Golf Tournament underway, tickets for the famous game in Augusta, Ga., are still being sold online today. Though ABC News? Darren Rovell reports prices on web sites like StubHub have dropped to $3,000 to $4,000 today, some badges were... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/masters-ticket-prices-highest-since-tiger-woods-debut/Thu, 11 Apr 2013 16:15:25 -0400ABC News (RSS)blogs/business/2013/04/masters-ticket-prices-highest-since-tiger-woods-debut/Microsoft Falls on PC Shipment DeclineMicrosoft Corp. shares took a beating today after Goldman Sachs issued a sell?recommendation?amid news that PC shipments?dropped?14 percent in the first quarter, in part because Windows 8 hasn?t caught on. Microsoft fell 5.1 percent to $28.75 at 2:35 p.m. Until today, it had been slightly... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/microsoft-msft-swoons-on-pc-shipment-decline/Thu, 11 Apr 2013 15:17:13 -0400ABC News (RSS)blogs/business/2013/04/microsoft-msft-swoons-on-pc-shipment-decline/Microsoft Swoons on PC Shipment DeclineMicrosoft Corp. shares took a beating today after Goldman Sachs issued a sell?recommendation?amid news that PC shipments?dropped?14 percent in the first quarter, in part because Windows 8 hasn?t caught on. Microsoft fell 5.1 percent to $28.75 at 2:35 p.m. Until today, it had been slightly... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/microsoft-msft-swoons-on-pc-shipment-decline/Thu, 11 Apr 2013 15:11:11 -0400ABC News (RSS)blogs/business/2013/04/microsoft-msft-swoons-on-pc-shipment-decline/Microsoft (MSFT) Swoons on PC Shipment DeclineMicrosoft Corp. shares took a beating today after Goldman Sachs issued a sell?recommendation?amid news that PC shipments?dropped?14 percent in the first quarter, in part because Windows 8 hasn?t caught on. Microsoft fell 5.1 percent to $28.75 at 2:35 p.m. Until today, it had been slightly... ? ? ? ?http://abcnews.go.com/blogs/business/2013/04/microsoft-msft-swoons-on-pc-shipment-decline/Thu, 11 Apr 2013 14:52:25 -0400ABC News (RSS)blogs/business/2013/04/microsoft-msft-swoons-on-pc-shipment-decline/<

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