Shares of regional banks rallied Tuesday as analysts said that first quarter credit trends were not as bad as some had feared, despite rising provisions for loan losses and growing write-offs for nonperforming loans. (April 15)
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Thousands gather at New York City’s Union Square for World Pillow Fight Day. Manhattan’s event was hosted by Newmindspace, whose goal is to promote unity by making use of public spaces. (April 15)
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China Eastern Airlines returned to a profit last year, as a stronger yuan offset rising fuel costs for the carrier.
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Johnson & Johnson reported a 40% rise in first-quarter profit, reflecting a charge in the year-earlier period and a boost to sales from the weak dollar and the launch of an over-the-counter allergy medicine.
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U.S. Bancorp posted a 3.5% drop in first-quarter net income, as a large boost to the bank’s provision for credit losses offset revenue growth and one-time gains amid higher charges in the prior year.
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Forest Laboratories swung to a quarterly profit from a year-ago loss that was weighed down by an acquisition, but the drug maker issued cautious guidance for the current year.
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With all the attention focused on the Yahoo side of a potential (but unlikely) Yahoo-AOL merger, AOL not-so-quietly continued its acquisitions bender today by purchasing blog content engine Sphere for
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Major averages were treading water Tuesday as traders absorbed an unusually high amount of inputs, including a big deal in the airline industry and much stronger-than-expected headline PPI data.The $3.63 billion
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