Treasury 10-year yields, benchmarks for mortgages and corporate bonds in the U.S. and for government borrowing around the world, climbed to the highest level in almost seven weeks. Federal Reserve Bank of K
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U.S, Japan, Australia Bonds Tumble on Stimulus Efforts
Treasury 10-year yields, benchmarks for mortgages and corporate bonds in the U.S. and for government borrowing around the world, climbed to the highest level in almost seven weeks. Federal Reserve Bank of K
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Cameron Three Years on Yet to Find Growth Recipe: U.K. Credit
With two years to go before the next general election, Britain has yet to recover the output lost during the financial crisis, inflation continues to outpace incomes and the government has reduced the budget deficit by less than a third since t
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U.K. Industrial Output Rises More Than Forecast on Energy
Output increased 0.7 percent from February, when it gained 0.9 percent, the Office for National Statistics said today in London. The median forecast of 31 economists in a Bloomberg News survey was for a gain of 0.2 percent. Electricity and gas surged 2.4 percent, the m
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Should you buy Apple bonds?
The maker of iPads, iPhones and Macbooks made headlines Tuesday saying it planned to sell $15 billion to $17 billion worth of bonds as part of its strategy to return profits to shareholders. Apple’s devoted customers have shown a willingness to buy almost anyth
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AB InBev: King of beer stocks
Lately, investors have become more discerning. Many are flocking to Anheuser-Busch InBev (BUD), the world's largest beer company with a market value of $150 billion, and shying away from other global brewers such as Carlsberg
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Six breakout stocks to watch
Boyd Gaming Corp. BYD +4.64% had a big breakout day on Wednesday, up 1.65 to 12.37, or 15%, on 12.4 million shares. It not only blew through resistance at the short-term highs, but through long-term resistance as well going back to 2011.
It's now at the highest level since the beginning of 2011 at about 12.63. The ne
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Senators Seek Way to Ease FAA Cuts
This week, the Federal Aviation Administration began furloughing air-traffic controllers to comply with the required cuts, known as the sequester. Airlines and some lawmakers have said the FAA is taking a rigid approach to the cutba
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Bird flu eats up Yum profits in China
The sharp decrease in sales dragged down net income by 26%, from $458 million in the first quarter of last year to $337 million this year.
The report topped analyst expectations, b
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Slow growth hits China factories
Global bank HSBC said its "flash" index of purchasing managers' sentiment fell to 50.5 in April from March's final reading of 51.6. Any reading above 50 signals expansion in the manufacturing sector.
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Austerity on Trial With U.S. Versus Europe Amid New Evidence
Facing another slowdown in the world economy, the U.S. and International Monetary Fund are pitched against the euro area and U.K. over whether axing budgets and debt is the recipe for recovery or recession. In academia, professors Kenneth Rogoff and Paul Krugman remain at odds.
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Wall Street Battles States on Social-Media Protections
An unlikely alliance of regulators and industry groups is seeking to carve out exemptions in state laws that would allow certain financial firms to sidestep bans on looking at the personal social-media accounts of employees.
Wall Street's
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Tesco Calls End to Space Race as Grocer Banks on Smartphones
When Tesco amassed the plots of land to develop stores a decade ago “the smartphone hadn’t been invented and Internet retailing was
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Minutes of the Bank of England Monetary Policy Committee Meeting
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Central Banks at Ease Limit Risk Political Backlash
To save their economies from debt crises or slow growth, the Bank of Japan is uniting with a new government by aiming to lift inflation to 2 percent by 2015, and the European Central Bank stands ready to purchase bonds of stressed nations. The Bank o
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Surprise slowdown in China
Gross domestic product grew 7.7% over the previous year during the first quarter, the National Bureau of Statistics reported Monday. That's slightly faster than the government's target of 7.5%, but well below the 8% expected b
