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Today's News
AP Top Financial News At 5:40 p.m. EDT
10 hours ago
A year after IPO, Facebook aims to be ad colossus Hits and misses in Facebook's history Falling yen to make Japan's goods more affordable
Stocks rise on hopeful signs for the US economy
11 hours ago
Encouraging news about the U.S. economy extended the stock market's rally Friday. Small-company stocks rose the most, a sign that investors are taking on more risk. Two companies soared in their stock-market debuts in the latest indication that the market for initial public offerings is reviving. A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is steadily recovering.
CBO: Obama budget cuts deficits $1.1T by 2023
11 hours ago
President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it, Congress' nonpartisan budget analyst said Friday. The report did little to resolve the budget impasse between Obama and congressional Republicans. The White House wants to reduce deficits further with a mix of tax increases and spending cuts, while Republicans have said they won't consider higher taxes.
NewsRight dismantles, transfers brand to Moreover
11 hours ago
NewsRight, an organization created to turn unauthorized publishers of newspaper content on the Internet into licensed customers, said it is disbanding and transferring its operations to Moreover Technologies, which monitors how Moreover's clients are portrayed in the media. Moreover is working with BurrellesLuce, another media monitoring company, to expand NewsRight's licensing efforts, NewsRight said.
