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Bloomberg News

Bloomberg News

June 27, 2013 | Daily Business Review

KB Home Reports Narrower Quarterly Loss, Revenue Increase

KB Home, the best-performing U.S. home-builder stock this year, reported a narrower loss for its fiscal second quarter as revenue and selling prices jumped.

By Bloomberg News

2 minute read

March 21, 2013 | Daily Business Review

Home prices climb 6.5% through January

U.S. home prices rose 6.5 percent in the year through January, the biggest jump since 2006, as values surged on the West Coast and in the area including Nevada and Arizona.

By Bloomberg News

2 minute read

January 10, 2011 | Daily Business Review

Fiat raises Chrysler stake to 25% after target is met

Fiat SpA raised its stake in Chrysler Group LLC to 25 percent after the U.S. automaker met the first performance-related target in Chief Executive Officer Sergio Marchionne's five-year turnaround plan.

By Bloomberg News

4 minute read

September 11, 2012 | Daily Business Review

Mortgage-seizure backer says taking delinquent debt in program

San Francisco-based Mortgage Resolution Partners is seeking to profit by providing services to local governments that use their so-called eminent domain powers to force sales of home loans packaged into securities without federal backing.

By Bloomberg News

3 minute read

March 19, 2013 | Daily Business Review

AMR, US Air leaders defend deal criticized as bad for fliers

The proposed merger between AMR Corp.'s American Airlines and US Airways Group would increase fares, reduce service to smaller communities and make it more difficult for low-cost carriers to compete, two consumer advocates said in testimony for a Senate hearing.

By Bloomberg News

2 minute read

August 30, 2012 | Daily Business Review

New York AG probing energy-drink makers

The New York attorney general is investigating PepsiCo Inc., and two other energy-drink makers over their marketing practices.

By Bloomberg News

1 minute read

July 23, 2012 | Daily Business Review

Schlumberger profit rises on oil growth beyond North America

Oilfield-services provider Schlumberger said net income climbed to $1.4 billion from $1.1 billion a year earlier, as customers increased their quest for crude outside the U.S. and Canada onshore market.

By Bloomberg News

2 minute read

August 09, 2012 | Daily Business Review

SEC tightens automated-trading rules

The Securities and Exchange Commission is writing new rules in the wake of Knight Capital Group's $440 million trading loss Aug. 1 that almost put it out of business.

By Bloomberg News

2 minute read

December 13, 2012 | Daily Business Review

Mortgage rates drop with 30-year at near-record 3.32%

U.S. mortgage rates fell, decreasing borrowing costs after more Americans applied for home loans.

By Bloomberg News

2 minute read

July 08, 2013 | Daily Business Review

Toyota Camry, Honda Civic Inventories Rise, RBC Says

Toyota's Camry and Honda's Civic, the top-selling mid-size and compact cars in the United States, face risk of reduced production as inventories of the models rise, an RBC Capital Markets report said.

By Bloomberg News

2 minute read