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Updated 16 minutes ago
Business

Along with SEC, other investigators and suits may target Goldman Sachs

Washington Post - Tomoeh Murakami Tse, Zachary A. Goldfarb - ‎1 hour ago‎
NEW YORK -- As investigators in Massachusetts considered charging Wall Street firms for their role in the financial collapse, they focused on Goldman Sachs because it had bundled and sold the shoddiest of ...

Gas in the tank: GM repays $8.1B in gov't loans

The Associated Press - Ken Thomas, Tom Krisher - ‎3 hours ago‎
WASHINGTON - Fallen giant General Motors Co. accelerated toward recovery Wednesday, announcing the repayment of $8.1 billion in US and Canadian government loans five years ahead of schedule.

Target to Sell Amazon's Kindle

Wall Street Journal - Geoffrey A. Fowler, Lauren Pollock - ‎1 hour ago‎
Amazon.com Inc., the Internet giant that has spent 15 years trying to persuade consumers not to shop in stores, has a new ally in retailing its first piece of consumer electronics: stores.
Target: New page for Kindle Minneapolis Star Tribune

Netflix 1Q profit rises with 1.7M more subscribers

The Associated Press - ‎5 hours ago‎
LOS GATOS, Calif. - Netflix's first-quarter income rose 44 percent as the movie subscription service added 1.7 million more customers.

EBay Forecast Misses Estimates Amid Turnaround Effort

BusinessWeek - Joseph Galante - ‎1 hour ago‎
April 21 (Bloomberg) -- EBay Inc. forecast profit that missed estimates, a sign that Chief Executive Officer John Donahoe is struggling to stem the loss of customers to rival Amazon.

Chrysler says it lost $3.8 billion between bankruptcy and year-end

Washington Post - Peter Whoriskey - ‎1 hour ago‎
Chrysler, which emerged from bankruptcy last June, reported Wednesday that it lost $3.8 billion through the end of the year but expects its operations to break even in 2010.

IMF Bank Tax Is No Substitute for Regulation

Wall Street Journal - Simon Nixon - ‎3 hours ago‎
Banks have endured many bad weeks since the financial crisis began, but the last seven days have taken the political backlash to new levels.

Morgan Stanley Reports Strong Profit

Wall Street Journal - Aaron Lucchetti - ‎4 hours ago‎
Morgan Stanley swung to a profit in the first quarter, powered by strong bond trading and increased client activity, as the investment bank said efforts to revive its trading unit "are beginning to pay off.

Government goes high-tech to redesign $100 bills

The Associated Press - Jeannine Aversa, Martin Crutsinger - ‎3 hours ago‎
WASHINGTON - The folks who print America's money have designed a high-tech makeover of the $100 bill. It's part of an effort to stay ahead of counterfeiters as technology becomes more sophisticated and more dollars flow overseas, Federal Reserve ...

Starbucks cruises past forecasts, raises 2010 outlook

CNBC - ‎1 hour ago‎
Starbucks posted results for the most recent quarter that cruised past analysts' estimates and boosted its profit outlook for 2010.

Calif. offers millions in funds for new appliances

The Associated Press - ‎3 hours ago‎
LOS ANGELES - California consumers will have to act fast to get mail-in rebates on energy-efficient appliances provided by the latest federal stimulus program.
Cash for Appliances program begins Long Beach Press-Telegram

Hynix First-Quarter Profit Beats Estimates on Prices

BusinessWeek - Kevin Cho - ‎1 hour ago‎
April 22 (Bloomberg) -- Hynix Semiconductor Inc., the world's second-largest computer-memory chipmaker, posted first- quarter profit that beat analysts' estimates after demand for personal computers and a shortage of the chips drove up ...
Hynix Swings to Profit Wall Street Journal

Iceland volcano crisis will hit European airlines worse than US, experts say

Washington Post - Sholnn Freeman - ‎2 hours ago‎
More flights resumed Wednesday as more European air space was opened, but officials warned that days of grounded planes because of Iceland's volcano could cost the airline industry more than $1.7 billion.

Bruce Karatz found guilty on stock option backdating charges

Los Angeles Times - Stuart Pfeifer, Nathan Olivarez-Giles - ‎6 hours ago‎
The former head of KB Home is convicted of mail fraud and making false statements. Jurors acquit him of 16 other charges. Bruce Karatz, center, former KB Home chief executive, holds the hand of wife Lilly Tartikoff, left, as he arrives at the federal ...

Visa Buys CyberSource for $2 Billion

New York Times - Andrew Martin - ‎2 hours ago‎
Betting that electronic payments will increasingly replace cash, Visa announced on Wednesday that it would pay $2 billion to buy CyberSource, which facilitates payments for big online merchants.

AT&T Looks Beyond the iPhone

Wall Street Journal - Niraj Sheth - ‎1 hour ago‎
With a cellphone in nearly every American pocket and purse, wireless giant AT&T Inc. could be staring at a brick wall. The point was hammered home by the carrier's first-quarter report Wednesday, when AT&T added the fewest number of ...

Oil slips as US inventories weigh

Reuters - Gene Ramos, Robert Gibbons - ‎5 hours ago‎
NEW YORK (Reuters) - US oil prices edged slightly lower on Wednesday as a rise in US crude and refined product inventories outweighed support from strong Chinese demand data and the resumption of European airline flights.

Euro hobbled by Greek debt woes, yen firms

Reuters - Anirban Nag, Wayne Cole - ‎2 hours ago‎
Japanese yen notes are piled atop US dollar bills during a photo opportunity at an office of Interbank Inc. money exchange in Tokyo November 27, 2009.

Massey's CEO Defends Its Safety Practices

Wall Street Journal - Kris Maher, Stephen Power - ‎2 hours ago‎
Regulators and politicians have barraged Massey Energy Co. and its chief executive, Don Blankenship, with criticism in the wake of the nation's deadliest coal-mine accident in 40 years, but the outspoken ...

Miami businessman Nevin Shapiro charged in Ponzi case

USA Today - Kevin McCoy - ‎1 hour ago‎
A prominent Miami businessman who hobnobbed with professional athletes and gave one a gift of diamond-studded handcuffs was charged with fraud Wednesday for allegedly orchestrating a nearly $900 million Ponzi scheme.

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