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  • Wall Street up on banks, housing data

    22 May 2012 at 9:45am
    Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - Stocks rose on Tuesday, led by financial and housing shares, after home resales rose in April to their highest annual rate in nearly two years in another sign that the housing market may be on the road to recovery. But gains w...
     

  • Home resales rise, boding well for economy

    22 May 2012 at 10:24am
    A newly constructed home is seen for sale in JoplinWASHINGTON (Reuters) - Home resales rose in April to their highest annual rate in nearly two years and a falloff in foreclosures pushed prices higher, hopeful signs for the country's economic recovery. The National Association of Realtors said on ...
     

  • SEC looking at JPMorgan financial reporting

    22 May 2012 at 10:20am
    Commuters are reflected in stone as they walk past the JP Morgan headquarters in New YorkWASHINGTON (Reuters) - The Securities and Exchange Commission will look into the "appropriateness and completeness" of JPMorgan Chase & Co's financial reporting, SEC Chairman Mary Schapiro told the Senate Banking Committee on Tuesday. Earlier this...
     

  • Facebook drops again as pressure to perform mounts

    22 May 2012 at 10:27am
    File photo of the Facebook logo on a screen inside at the Nasdaq Marketsite in New York(Reuters) - Facebook's shares fell again on Tuesday, leaving them down nearly one-third from Friday's highs as questions mounted over the company's financial prospects and its ability to grow fast enough to meet the hype surrounding its stock. Aft...
     

  • Germany, France draw battle lines over common bonds

    22 May 2012 at 10:44am
    German Chancellor Angela Merkel listens to French President Francois Hollande during the 2012 NATO Summit in ChicagoBERLIN/PARIS (Reuters) - Germany dismissed a French-led call for euro zone governments to issue common bonds, a day before a European Union summit which investors are looking to for new measures to counter the bloc's debt crisis. After a torrid we...
     

  • Vodafone takes $6.3 billion writedown on European weakness

    22 May 2012 at 10:17am
    A pedestrian passes a Vodafone store on Oxford Street in central LondonLONDON (Reuters) - Mobile operator Vodafone wrote down the value of its assets by 4 billion pounds ($6.3 billion) and cut its medium-term sales target on Tuesday, as the debt crisis hit customers in southern Europe, forcing them to save money on p...
     
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