U.S. debt news and euro debt agreement fuel rally (Reuters)
Reuters - Stocks climbed on Thursday as signs of progress on the U.S. debt talks and concrete action from Europe on its own debt crisis heartened investors.
Reuters - Sales of Microsoft Corp's flagship Windows software disappointed for the third straight quarter, taking the gloss off better-than-expected earnings that were aided by an unusually low tax rate.
Reuters - Amazon.com Inc's cloud computing unit may be its next billion-dollar business and analysts will be watching for clues on how fast this secretive unit is growing when the Internet retailer reports results next week.
AFP - European stock markets fell on Thursday, as investors awaited the outcome of an emergency eurozone summit set to discuss a new bailout deal for Greece amid a spreading eurozone debt crisis.
Reuters - Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.
AP - Microsoft Corp. reported record fourth-quarter revenue Thursday, helped by strong sales of its Office software suite. Investors still seem concerned about the world's largest software maker's growth prospects, however, as consumers buy fewer computers that run its Windows software.
AP - Eurozone leaders on Thursday agreed to a sweeping deal that will grant Greece a massive new bailout — but likely make it the first euro country to default — and radically reshape the currency union's rescue fund, allowing it to act pre-emptively when crises build up.
AFP - Oil prices were mixed Thursday as eurozone leaders clinched a deal on resolving Greece's debt crisis and the International Energy Agency announced it would not release additional crude reserves.
AFP - Italian automaker Fiat has steered Chrysler through US and Canadian bailout exits, the two governments announced Thursday, earning itself a majority stake in the revived US firm.
Posted: 21 Jul 2011 02:20 PM PDT
Reuters - Stocks climbed on Thursday as signs of progress on the U.S. debt talks and concrete action from Europe on its own debt crisis heartened investors.Posted: 21 Jul 2011 05:02 PM PDT
Reuters - Sales of Microsoft Corp's flagship Windows software disappointed for the third straight quarter, taking the gloss off better-than-expected earnings that were aided by an unusually low tax rate.Posted: 21 Jul 2011 03:29 PM PDT
Reuters - Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi SA's Universal Music Group are among the music companies and private equity firms interested in buying EMI Group Ltd , people familiar with the situation said.
Posted: 21 Jul 2011 06:56 PM PDT
Reuters - Amazon.com Inc's cloud computing unit may be its next billion-dollar business and analysts will be watching for clues on how fast this secretive unit is growing when the Internet retailer reports results next week.Posted: 21 Jul 2011 01:58 PM PDT
Reuters - Treasury Secretary Timothy Geithner, while head of the New York Federal Reserve Bank, granted a waiver that allowed his eventual successor William Dudley to hold on to investments in firms getting emergency help.
Posted: 21 Jul 2011 03:39 AM PDT
AFP - European stock markets fell on Thursday, as investors awaited the outcome of an emergency eurozone summit set to discuss a new bailout deal for Greece amid a spreading eurozone debt crisis.Posted: 21 Jul 2011 10:40 AM PDT
Reuters - Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.Posted: 21 Jul 2011 04:24 PM PDT
AP - Microsoft Corp. reported record fourth-quarter revenue Thursday, helped by strong sales of its Office software suite. Investors still seem concerned about the world's largest software maker's growth prospects, however, as consumers buy fewer computers that run its Windows software.Posted: 21 Jul 2011 03:17 PM PDT
AP - Eurozone leaders on Thursday agreed to a sweeping deal that will grant Greece a massive new bailout — but likely make it the first euro country to default — and radically reshape the currency union's rescue fund, allowing it to act pre-emptively when crises build up.Posted: 21 Jul 2011 12:26 PM PDT
U.S. News & World Report - If you're preparing to buy a home or rental property, you have probably experienced feelings of doubt as you've considered all the possible things that could go wrong: the property going underwater, the rental income doesn't cover all the expenses, or mortgage payments have become unaffordable.
Posted: 21 Jul 2011 03:56 PM PDT
Investor's Business Daily - Shanda Games' (NASDAQ:GAME - News) e-book unit Cloudary, and Xunlei, an online video firm that Google (NASDAQ:GOOG - News) has a small stake in, postponed their U.S. IPOs. The moves come amid volatile global markets and a slew of accounting scandals that has tarnished the reputation of overseas-listed Chinese companies.
Posted: 21 Jul 2011 04:00 PM PDT
Reuters - Borders Group Inc , won bankruptcy court approval on Thursday to liquidate its 40-year-old business, effectively spelling the end for the second-largest U.S. book retailer.
Posted: 21 Jul 2011 12:23 PM PDT
AP - Mortgage rates for the past 52 weeks, at a glance
Posted: 21 Jul 2011 01:09 PM PDT
AFP - Oil prices were mixed Thursday as eurozone leaders clinched a deal on resolving Greece's debt crisis and the International Energy Agency announced it would not release additional crude reserves.Posted: 21 Jul 2011 04:32 PM PDT
AP - Federal prosecutors in Virginia have charged four more bankers with Zurich-based Credit Suisse Group with conspiracy in what they say was a long-running scheme to help U.S. taxpayers hide as much as $4 billion in assets.
Posted: 21 Jul 2011 04:52 PM PDT
AFP - Italian automaker Fiat has steered Chrysler through US and Canadian bailout exits, the two governments announced Thursday, earning itself a majority stake in the revived US firm.
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