Retailers are reporting their latest quarterly results and coming in mixed after the harsh winter weather prompted a 0.4% drop in U.S. retail sales last month.
Mt. Gox CEO Mark Karpeles released a statement saying he is working very hard to find a solution to the bitcoin exchange's recent issues.
The nation's housing recovery appears to be on track, according to some newly released data, although not at the pace it once was. Home prices rose slightly more than expected in December, according to the S&P/Case-Shiller index. David Blitzer, chairman of the S&P Dow Jones Indices Index Committee, called 2013 the best year for the index since 2005, but noted that gains are slowing from month-to-month. That's in line with the latest results from luxury homebuilder Toll Brothers, which reported a 52% jump in quarterly revenue but said demand has leveled recently. Meanwhile, Home Depot reported a higher-than-expected quarterly profit, while posting weak sales that were offset by cost-cutting.
Home prices rose slightly more than expected in December, according to the S&P/Case-Shiller index, while Home Depot reported a higher-than-expected quarterly profit.
RealMoney Pro contributor Chris Versace explains what's behind the increase in recent M&A and what companies stand to potentially lose out amid the activity.
Shares of BlackBerry are rising on Monday on reports that Ford is turning to the beleaguered tech company to power its Sync voice-activated system. A partnership would be a significant achievement for BlackBerry, which has been struggling for years. In effect, Ford will be ditching Microsoft, whose voice-activated software has been the basis of Ford's Sync system since it was introduced in 2007. BlackBerry's QNX Software Systems is already featured in Audi and BMW vehicles -- but would significantly expand its presence, as Ford has built more than 10 million vehicles worldwide that are equipped with Sync software.
Shares of BlackBerry are rising on Monday on reports that Ford is turning to the beleagured tech company to power its Sync voice-activated system.
If you live in one of the most economically vibrant cities in America, you likely live in one of the cities with the most income inequality, according to a new study by the Brookings Institution.
Shares of Dish network are climbing on Friday after the satellite TV company reported a 38% jump in fourth-quarter profit on increased subscriber revenue growth. The company reported net income of $288 million, or 63 cents a share, for the quarter. Revenue rose by 6.6% to more than $3.5 billion, but still narrowly missed analyst expectations of nearly $3.6 billion, according to Thomson Reuters. While Dish said it added 654,000 pay-TV subscribers and 80,000 broadband customers in the period, both figures came in shy of Wall Street expectations. The company said that the average revenue per subscriber rose 5% to $81.24.
Shares of Dish network are climbing on Friday after the satellite TV company reported a 38% jump in fourth-quarter profit on increased subscriber revenue growth.