Global markets slide on Greek crisis fears
A deepening Greek crisis hit global markets on Monday, with the DAX and CAC falling 3.5 percent and U.S. futures indicating a sharply lower open.
Blog
US pending home sales climb to 9-year high
More Americans signed contracts to purchase homes in May, as pending sales climbed to their highest level in more than nine years. The National Association of Realtors said Monday that its seasonally adjusted …
Americans can't sell stocks fast enough as rally tops flows
As hard as investors try to wean themselves off stocks, the habit is proving impossible to kick. In a year when fund clients pulled about $60 billion from equities, the value of shares has climbed by $527 billion, pushing the total owned by households to $20 trillion.
U.S. Supreme Court declines to hear Google appeal in Oracle software fight
The U.S. Supreme Court on Monday declined to hear Google Inc’s appeal in a major software copyright case, leaving intact a ruling that would allow Oracle Corp to charge licensing fees for the use of some of its Java programming language. The high court left in place a May 2014 ruling by the U.S. Court of Appeals for the Federal Circuit in favor of Oracle. Google had argued it should
Sysco pulling out of US Foods buyout after FTC move
Sysco is scrapping its proposed $3.5 billion buyout of US Foods after a Federal Trade Commission legal victory that temporarily blocked the deal to combine the two food-service companies. The FTC opposed …
Amazon to offer loans to sellers in China, 7 other countries
Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. Until now, the e-retailer has offered the service only in the United States and Japan. Amazon Lending, founded in 2012, now plans to offer short-term working capital loans in other countries where it operates
GE selling some fleet businesses to Element for $6.9B
General Electric Co. is selling its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corp. for $6.9 billion. GE Capital Fleet Services provides commercial car and truck financing …
Pensioners queue outside Greek banks amid withdrawal limits
Anxious Greek pensioners swarmed closed bank branches Monday in the hope of getting their pensions, while queues formed at ATMs as they gradually began dispensing cash again following the imposition of …
Khloé Kardashian Gets in Fight With Malika Haqq, Puts BFF in a Chokehold at Bowling Birthday Bash? Watch Now!
Way to throw down for 31, Khloé Kardashian! The Keeping Up With the Kardashians star went bowling for her birthday Saturday, and while she had lots of fun with her family and…
Floyd Mayweather, Katy Perry Top Forbes' 100 Highest-Paid Celebrities List—Find Out Who Else Made It!
There have been some serious shakeups on this year’s Forbes Top 100 Highest-Paid Celebrities list! For starters, Floyd Mayweather and Manny Pacquiao topped the list in first and…