Drowning homeowners are getting relief
Strong home price gains this past spring and summer have given drowning homeowners a new supply of air.
MONEY (MSM)
Caterpillar cuts 2015 profit outlook, sees 2016 sales drop
Caterpillar Inc (CAT.N) on Thursday reported lower quarterly profits, cut its 2015 earnings forecast and warned its revenue would tumble in 2016, weakened by slower economic growth in China and a recession in Brazil. The company said it saw full-year 2015 earnings per share at $3.70, down from the $4.70 seen in the second quarter. Excluding restructuring costs, it lowered its full-year EPS forecast to $4.60 from $5.00 seen in
Ex-Porsche CEO, CFO on trial for alleged market manipulation
The former CEO and CFO of Porsche have gone on trial in Stuttgart on market manipulation charges related to the sports car maker’s failed attempt to take over Volkswagen AG in 2009. Prosecutors accuse …
Icahn launches $150M super PAC for tax reform
In a letter to leading members of Congress, the billionaire investor says he’s pledging his own money to push for corporate tax reform.
Live: Uber's no to IPO; Competing with Walmart; Bloomberg for president
Join Midday Movers live now for the latest news on the markets, the economy and the biggest stories of the day.
Carl Icahn to Form $150 Million Super-PAC to Fight Inversions
Carl Icahn, the billionaire investor known for picking fights with corporate boards, pledged to throw his financial might into a political crusade to overhaul the U.S. corporate tax system.
Carl Icahn to Form $150 Million Super-PAC to Fight Inversions
Carl Icahn, the billionaire investor known for picking fights with corporate boards, pledged to throw his financial might into a political crusade to overhaul the U.S. corporate tax system.
5 reasons oil is heading to new tipping point
A global oil glut has the supply-and-demand balance out of wack. Here are the main factors worrying economists about the future.
Ferrari Jumps 17% in New York Stock Exchange Debut
Ferrari NV climbed as much as 17 percent in its New York Stock Exchange debut after it priced its initial public offering at the top end of the marketed range.
Disney's ESPN to eliminate over 300 positions – source
Walt Disney Co’s sports network ESPN is reorganizing and eliminating over 300 positions, according to a person familiar with the situation. The reorganization was announced Wednesday morning in a memo …