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The Top News
4:25 PM - Thursday, May 23, 2013
5 hour ago
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CNBC
The department-store chain saw its loss more than quadruple, a big miss. Shares fell sharply after-hours.
5 hour ago
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CNBC
Federal regulators start new antitrust investigation of the company.
7 hour ago
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ABC News
Sales of new homes rose in April rose nearly 30 percent compared with a year ago, according a to a report by the Commerce Department. This is the latest evidence of a recovering housing market, six years after the housing bubble burst leading t . . .
RELATED STORIES:
- Initial Jobless Claims Stay Just Above Normal Expansionary Level - from Seeking Alpha / Hale Stewart
- Jobless Claims Drop, But Stay In Recent Range - NPR Topics
7 hour ago
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on The Huffington Post /
From Climate Central's Michael D. Lemonick:
The National Oceanic and Atmospheric Administration predicts that the 2013 hurricane season, which begins on June 1, is likely to be somewhere between active and extremely active, with between 13 a . . .
4 hour ago
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Washington Post /
Senators should be aware of a critical fact, as they debate immigration reform: If we don't want foreign-born talent in the United States, other countries are more than happy to take the talent, and the innovation potential that goes with it, . . .
4 hour ago
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CNBC
After years of resistance and internal debate, the Boy Scouts has decided to admit openly gay youths as members.
RELATED STORIES:
- Major dates, other fun facts about the Boy Scouts of America - deseretnews.com
3 hour ago
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on The Huffington Post
Kmart's new pun-loving "Big Gas Savings" commercial may not be quite as funny as its super-successful "Shipped My Pants" ad, but it's nice to see the franchise is still doing its damndest to peeve Christian moms across the country.
The new . . .
8 hour ago
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FOXBusiness.com
U.S. prosecutors are seeking testimony from three senior executives of the $15 billion hedge fund SAC Capital Advisors, the Wall Street Journal reported on Thursday.
RELATED STORIES:
- SAC lawyers met with prosecutors to argue against charges: sources - FOXBusiness.com
- 3 senior SAC executives receive subpoenas - MarketWatch.com
- Prosecutors consider using racketeering law against SAC: source - Yahoo! News: Business News
11 hour ago
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money.cnn.com
Read full story for latest details.
RELATED STORIES:
- Housing Recovery: Average, Median Sales Prices For New Homes Reach All-Time Highs In April - from Seeking Alpha
- New home sales rise, prices surge to record highs - Reuters
- New home sales rise, prices surge to record highs - Yahoo! News: Business News
9 hour ago
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Washington Post /
The House approved a Republican proposal Thursday to allow interest rates on federal student loans to rise or fall from year to year with the government’s cost of borrowing, ending a system in which rates are fixed by law. Read full article >>
RELATED STORIES:
- How Congress could raise student loan debt - MarketWatch.com
- GOP-Backed Student Loan Plan Clears House Despite Veto Threat - on The Huffington Post
- Everything you could possibly need to know about student loan budgets (with gifs!) - Washington Post / Dylan Matthews
6 hour ago
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NPR Topics
Over the years, McDonald's has gotten a lot of flack for marketing to kids. At a shareholders meeting Thursday morning, Hannah Robertson, age 9, took the fast-food giant's CEO to task.
9 hour ago
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FOXBusiness.com
Ally Financial Inc agreed on Thursday to pay $2.
RELATED STORIES:
- Ally settlement may be a boon for ResCap bondholders - FOXBusiness.com
- Berkshire Hathaway Seeks Ally Financial, ResCap Report - ValueWalk.com / Vikas Shukla
6 hour ago
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Yahoo! News: Business News
(Reuters) - Gap Inc reported a higher first-quarter profit on Thursday, helped by a rise in same-store sales at its Old Navy and namesake chains, and growth in Asia. Gap has staged a comeback in the last few years, offering hipper fashions that . . .
3 hour ago
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on The Huffington Post /
Life is good for this Ohio hero.
Just one day after a group of Cleveland restaurants announced plans to give local man Charles Ramsey free burgers for life, McDonald's quietly confirmed that it will offer him free food for a year.
Ramse . . .
10 hour ago
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KOCO.com
Chrysler Group and Tesla Motors, run by two of the most outspoken CEOs in the auto industry, are trading zingers over the help each company received from the federal government.
On Wednesday, Tesla paid back its $465 million low-interest U.S . . .
RELATED STORIES:
- Tesla's Elon Musk, Chrysler trade jabs over U.S. loans - USATODAY.com Money News
- Chrysler takes a jab at Tesla - money.cnn.com
5 hour ago
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FOXBusiness.com
Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets.
7 hour ago
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forbes.com /
The announcement of Yahoo’s $1.1 billion acquisition of Tumblr on Monday has been the talk of Internet Week in New York, with many such as venture capitalist Eric Hippeau praising the purchase as a victory for the New York tech community. Now c . . .
RELATED STORIES:
- Is Tumblr Going To Be Yahoo!'s YouTube? - forbes.com / Eric Jackson
- Tumblr Acquisition: What Was Yahoo! Thinking? - DailyFinance / Daniel Sparks
- Yahoo snagged Tumblr; who's next on shopping block? - USATODAY.com Money News
8 hour ago
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Washington Post /
As prepared for delivery. It's an honor to return to the National Defense University. Here, at Fort McNair, Americans have served in uniform since 1791 standing guard in the early days of the Republic, and contemplating the future of warfare . . .
7 hour ago
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on The Huffington Post /
Bloomberg View
Tim Cook, the chief executive of Apple Inc., came to the U.S. Senate on May 21 to advocate an overhaul of the nation's corporate tax code. Tax profits at 20 percent, Cook said, and offer no loopholes, no deductions, no complex . . .
7 hour ago
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Yahoo! News: Business News
NEW YORK (Reuters) - Sprint Nextel and SoftBank Corp said on Thursday they had received all necessary state regulatory approvals for the Japanese company's proposed $20.1 billion purchase of 70 percent of Sprint. The California Public Utilities . . .
