Whoa! Homebuilders feeling happiest in 10 years
Sentiment jumped 3 points in October to a level of 64 on the National Association of Home Builders/Wells Fargo Housing Market Index.
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Google to give away software to Microsoft Office defectors
Google is escalating an attack on Microsoft’s lucrative Office software in an attempt to hit its longtime rival where it will hurt the most. The assault is targeting companies and government agencies paying …
Oil's fundamentals are changing: Goldman
The battered and bruised oil industry could see some upside in the medium term, according to Michele Della Vigna at Goldman Sachs.
Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag
The discount store behemoth has always had a reputation for demanding lower prices from vendors but Reuters has learned from interviews with suppliers and consultants, as well as reviewing some contracts, that even by its standards Wal-Mart has been turning up the heat on them this year.
Morgan Stanley's weak results send its shares plunging
Morgan Stanley’s profit slumped for the second straight quarter, as uncertainty about the timing of a U.S. interest rate hike and worries about China’s cooling economy sent shudders through global markets. Chief Financial Officer Jonathan Pruzan offered a subdued outlook for the current quarter, although he said there had been a modest rebound in global markets. Financial markets have been on tenterhooks for months, trying to gauge when the U.S.
Oprah paying $43.2M for Weight Watchers stake, joining board
Oprah Winfrey is paying about $43.2 million for a 10 percent stake in Weight Watchers and is joining the weight management company’s board. Shares of Weight Watchers nearly doubled after the deal was announced. …
China's economic growth declines to 6-year low
China’s economy decelerated in the latest quarter but stronger spending by consumers who are emerging as an important pillar of growth helped to avert a deeper downturn. The world’s second-largest economy …
Chinese cyberattacks on US companies continue, report says
Chinese hacking attempts on American corporate intellectual property have occurred with regularity over the past three weeks, suggesting that China almost immediately began violating its newly minted cyberagreement …
Eddie Murphy Makes Fun of Bill Cosby During First Stand-Up Routine in 28 Years
While being honored with the Mark Twain Prize for American Humor at the Kennedy Center on Sunday evening, Eddie Murphy did his first stand-up set in 28 years and used his very first joke to…
Fuller House Adds Dancing With the Stars Hunks as Love Interests for Stephanie and DJ (Sorry Steve!)
The perfect brothers to romance the Tanner sisters are coming to Fuller House, but they’ll probably leave the mirrorball trophy at home for this. That’s right, Dancing With the Stars’…