On the heels of a choppy first quarter, federally controlled mortgage-finance giants Fannie Mae and Freddie Mac have cut their forecasts for the U.S. housing market’s performance in 2014. ... Read More
Coca-Cola’s first-quarter profit fell nearly 8 percent as the world’s biggest beverage maker faced a stronger dollar and made structural changes abroad. But the company sold more of its ... Read More
Google Inc. (NASDAQ:GOOG) is considering a change to its PageRank software, which would favor websites that use encryption to protect visitors’ personal information, meaning safer sites would appear higher ... Read More
Food company Nestle SA says sales rose 4.2 percent in the first quarter despite deflationary price pressures in Europe. The Switzerland-based maker of Lean Cuisine, Nespresso and Haagen-Dazs said ... Read More
JPMorgan Chase (JPM), the largest but no longer the most profitable U.S. bank, announced a 19 percent decline in first-quarter earnings this morning, with weaker income from trading and ... Read More
Wal-Mart’s bold entry into the booming organic food market sets a lofty goal for the company: offering a wide range of products bearing the coveted USDA certified organic seal ... Read More
Amazon.com (NASDAQ:AMZN) announced Thursday that it has reached an agreement to acquire comiXology, a seller of digital comics, for an undisclosed amount. New York-based comiXology offers graphic novels from ... Read More
Patent buyer Intellectual Ventures has persuaded Microsoft and Sony to invest in its latest acquisition fund while Apple and Intel, which invested with IV previously, declined to participate, according ... Read More
Alfa Laval AB (ALFA) agreed to buy Norwegian pumpmaker Frank Mohn AS for 13 billion kroner ($2.2 billion) in cash to capture spending in offshore oil and gas drilling. ... Read More
Toyota Motor Corp. (7203)’s North American chief, preparing to sell Camry-sized hydrogen sedans next year, said he’s “bullish” about advances in the company’s fuel cell system and wants more ... Read More
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