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Business and Finance
Mt Gox Gives Up on Rehabilitation Bid Wall Street Journal
2014-04-16 13:56:49.0 - Google News

Mt Goxs website on Feb 26 posted a statement showing that the company had gone offline Bloomberg News TOKYODefunct bitcoin exchange Mt Gox has given up its plan to rebuild under bankruptcy protection and said it has agreed with a Tokyo court - Read the full story here.
Industrial Production in US Rises More Than Forecast Bloomberg
2014-04-16 13:53:05.0 - Google News

Industrial production rose more than forecast in March after a February gain that was twice as big as previously estimated indicating US factories recovered after a weatherdepressed start to the year Output at factories mines and utilities climbed 07 percent - Read the full story here.
Bank of America shares drop on Q1 loss USA TODAY
2014-04-16 13:44:59.0 - Google News

Bank of America swung to a 276 million firstquarter loss Wednesday as revenue declined while the bank continued to grapple with legal costs stemming from the financial crisis Shares of the nations secondlargest bank fell more than 25 to 1597 - Read the full story here.
March US Industrial Production Rises Rebounds From Cold WeatherRelated International Business Times
2014-04-16 13:39:49.0 - Google News

Reuters US manufacturing output rose for a second straight month in March in a sign of recovery from a long winter that had put a damper on activity Must read New Device Charges Your Phone In 30 Seconds middot In Syria Love In A Time Of War - Read the full story here.
US factory output extended solid gains in March Chroncom
2014-04-16 13:37:24.0 - Google News

FILE In this Tuesday Sept 10 2013 file photo workers man the Motorola smartphone plant in Fort Worth Texas The Federal Reserve reports on industrial production for March later Wednesday April 16 2014 - Read the full story here.
Detroit Reaches Accord With Police Firefighter Retirees Bloomberg
2014-04-16 13:36:40.0 - Google News

Detroit reached an agreement on pensions and health benefits with a group representing retired police officers and firefighters as mediators seek deals with other retirees in the citys record 18 billion bankruptcy Police and firefighter retirees would see no - Read the full story here.
Wall Street climbs after China data Yahoo jumps Reuters
2014-04-16 13:36:10.0 - Google News

NEW YORK Reuters US stocks rose at the open on Wednesday after Chinas economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese ecommerce giant Alibaba in which it has a stake The Dow - Read the full story here.
Bigger than Facebook Chinese tech giant Alibaba plans US IPO Los Angeles Times
2014-04-16 13:36:09.0 - Google News

The largest tech IPO of the year will come from a company that many Americans have never heard of Alibaba a Chinese ecommerce behemoth with revenue larger than Amazon and EBay combined has decided to go public in the US after months of - Read the full story here.
US Stocks Rise After Yahoo Results Factory Output Data Bloomberg
2014-04-16 13:34:17.0 - Google News

US stockindex futures rose indicating that the Standard amp Poors 500 Index will climb for a third day as Yahoo Inc led gains by technology companies after earnings topped estimates Yahoo rallied 75 percent after saying sales surged at Alibaba Group - Read the full story here.
US manufacturing extends growth after long cold winter CNBCcom
2014-04-16 13:31:44.0 - Google News

US manufacturing output rose for a second straight month in March in a sign of recovery from a long winter that had put a damper on activity Factory production increased 05 percent in March according to data from the Federal Reserve on Wednesday - Read the full story here.
US housing starts up but miss forecasts permits fall Fox Business
2014-04-16 13:31:35.0 - Google News

WASHINGTON US housing starts rose but below market expectations and building permits fell in March pointing to underlying weakness in the housing market that could persist despite improving weather The Commerce Department said on Wednesday - Read the full story here.
China Q1 GDP at 18month low to cut reserve ratio for small banks Reuters
2014-04-16 13:29:25.0 - Google News

BEIJING Reuters Chinas economy expanded 74 percent between January and March its slowest pace in 18 months prompting authorities to act for the second time in as many weeks to shore up growth Hours after the National Bureau of Statistics - Read the full story here.
Abbott Laboratories Q1 Adj Profit Beats View Affirms 2014 Outlook RTT News
2014-04-16 13:27:20.0 - Google News

Diversified healthcare company Abbott Laboratories ABT Quote on Wednesday reported a 31 percent decline in profit for the first quarter from last year reflecting lower sales and onetime charges However ongoing earnings per share beat analysts - Read the full story here.
UPDATE 2China economic growth slows to 18month low in Q1 Reuters
2014-04-16 13:17:13.0 - Google News

Q1 GDP up 74 pct yy vs 73 pct forecast down from 77 pct in Q4 Q1 GDP up 14 pct qq down from 17 pct in Q4 Consumption decisive contributor to growth stats office Economists expect no immediate stimulus but split on outlook Updates with - Read the full story here.
US manufacturing production up 05 pct in March led by furniture clothing and The Republic
2014-04-16 13:16:25.0 - Google News

WASHINGTON US factory output rose further last month extending strong growth from February after harsh weather had caused production to tumble in January Manufacturers produced more furniture clothing chemicals and aerospace products - Read the full story here.
Yahoo CEO Building for Growth as Alibaba Help Set to Fade Bloomberg
2014-04-16 13:16:05.0 - Google News

Yahoo Inc YHOOs Marissa Mayer cant rely on Alibaba Group Holding Ltd to bail her out much longer putting the onus on her to accelerate a sales rebound thats only getting started Alibaba yesterday posted a 66 percent sales surge and more than - Read the full story here.
Intels MobileChip Progress Falters as PC Market Stabilizes Bloomberg
2014-04-16 13:16:05.0 - Google News

Intel Corp INTCs main personalcomputer processor business is showing signs of improvement after a record industry slump yet the companys push to get into fastergrowing mobilephone chips has gone backward The worlds largest semiconductor - Read the full story here.
March industrial production climbs 07 tops forecast MarketWatch
2014-04-16 13:15:25.0 - Google News

WASHINGTON MarketWatch Industrial production grew more than forecast in March and Februarys data was revised higher to show the biggest monthly advance since May 2010 according to data released by the Federal Reserve on Wednesday - Read the full story here.
Thomas Piketty talks about Capital in the 21st Century The Week Magazine
2014-04-16 13:12:08.0 - Google News

In front of a standing roomonly crowd yesterday at the Economic Policy Institute French economist Thomas Piketty explained the basics of his blockbuster new book Afterwards there was a panel discussion most impressively featuring Robert Solow who at - Read the full story here.
Alibaba Has Questions to Answer Before US IPO Wall Street Journal
2014-04-16 13:09:20.0 - Google News

Alibabas fourthquarter numbers look good But as the Chinese ecommerce giant gears up for a US listing it still has a lot of questions to answer about its future direction Revenue rose by 66 from a year earlier with growth accelerating from 51 in the - Read the full story here.
Homeconstruction pace rises but misses estimates MarketWatch
2014-04-16 13:06:11.0 - Google News

WASHINGTON MarketWatch Construction on new US homes in March hit the fastest pace in three months led by singlefamily homes but missed economists expectations according to government data released Wednesday Homeconstruction starts - Read the full story here.
Bank of America slides to 276m loss on legal charge Financial Times
2014-04-16 13:04:09.0 - Google News

Bank of America reported its first loss in nearly three years as it took a 6bn litigation expense missing analyst estimates Analysts had forecast profit of 833m in the first quarter But the net loss of 276m marked its first since the second quarter of 2011 and - Read the full story here.
Chinas Slowdown Likely to Spur Stimulus Not Reforms Wall Street Journal
2014-04-16 13:00:21.0 - Google News

BEIJINGChinas slowdown in growth widely expected to continue through the second quarter at least will boost pressure on Beijing to dial up stimulus measures and dial back structural reforms economists argued Over the past week Chinas premier and - Read the full story here.
Bank Of America Posts A Q1 Loss With 6 Billion Litigation Expenses Forbes
2014-04-16 12:56:31.0 - Google News

Bank of America Bank of America reported a first quarter loss Wednesday morning citing 6 billion in litigation expenses tied to its settlement with the Federal Housing Finance Agency as well as other mortgagerelated matters The loss was bigger than - Read the full story here.
Wall St to rise after Chinese data Yahoo up on Alibaba Reuters
2014-04-16 12:55:31.0 - Google News

NEW YORK Reuters US stocks were set to rise at the open on Wednesday after Chinas economic growth exceeded expectations and Yahoo shares rallied on the strength of revenue growth in Chinese ecommerce giant Alibaba in which it has a stake - Read the full story here.
China growth dips as property fears rise Washington Post
2014-04-16 12:52:34.0 - Google News

BEIJING Chinas economic growth slowed in the first three months of this year to 74 percent from a year earlier government data showed Wednesday dragged down by a slowdown in property investment growth as concerns rise about a possible slump in - Read the full story here.
US home building up in March after frigid winter New Zealand Herald
2014-04-16 12:49:02.0 - Google News

WASHINGTON AP US home construction rose moderately in March as builders resumed work at the end of a frigid winter But applications for building permits slid clouding the outlook for future construction Builders started work on 946000 homes at a - Read the full story here.
Abbott Labs Profit Falls 31 Wall Street Journal
2014-04-16 12:46:39.0 - Google News

Abbott Laboratories said its firstquarter earnings fell 31 as the healthcare products company reported negative currency impact that masked modest overall sales growth Abbott has faced continuing challenges stemming from a recall last year by one of its - Read the full story here.
US home building up in March after frigid winter Washington Post
2014-04-16 12:40:49.0 - Google News

WASHINGTON US home construction rose in March to the highest level in three months as builders resumed work at the end of a frigid winter But applications for building permits slid clouding the outlook for future construction The Commerce Department - Read the full story here.
Bank of America Swings to Quarterly Loss on Legal Costs New York Times
2014-04-16 12:40:02.0 - Google News

Bank of America continues to grapple with legal expenses nearly six years after the financial crisis Justin SullivanGetty ImagesBank of America continues to grapple with legal expenses nearly six years after the financial crisis Updated 850 am Bank of - Read the full story here.

 
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