Yahoo Finance

Syndicate content Yahoo! Finance
Top Stories from Yahoo! Finance
Updated: 3 years 3 weeks ago

Iran nuke deal: These industries could get a boost

Tue, 04/07/2015 - 03:55
The industries that will most immediately benefit are those that have been hit by sanctions meant to bring Iran to the negotiating table, experts tell CNBC.
Categories: Business

Mark Fields: Ford's growth hinges on China, India

Tue, 04/07/2015 - 03:55
By 2020, the company expects to boost its annual global sales by 45-55%, or about 9.4 million vehicles sold abroad. Yahoo Finance’s Bianna Golodryga talks to the CEO about Ford's global strategy.
Categories: Business

Viacom to reorganize three domestic network groups to drive growth

Tue, 04/07/2015 - 03:55
Media company Viacom Inc said it will reorganize three of its domestic network groups into two new organizations as part of a restructuring to drive growth. The company, which owns networks such as Nickelodeon, MTV, VH1 and Comedy Central, said it will take a related pre-tax charge of about $785 million in the quarter ended March 31. Viacom said it expects to save about $350 million annually after the restructuring.
Categories: Business

Larry Summers: past month a turning point for U.S. economic power

Tue, 04/07/2015 - 03:55
"This past month may be remembered as the moment the United States lost its role as the underwriter of the global economic system," says former Treasury Secretary Larry Summers.
Categories: Business

Dollar in Longest Losing Streak in 9 Months on U.S. Rates View

Tue, 04/07/2015 - 03:55
The dollar fell a fourth day, the longest streak in nine months, as traders speculated the Federal Reserve will hold borrowing costs lower for longer amid signs of weakness in the jobs market. The greenback declined versus most of its major counterparts as a gauge of labor-market conditions slid and Fed Bank of New York President William C. Dudley said the pace of interest-rate increases is likely to be “shallow” once the central bank starts tightening. The euro advanced after Greece’s Finance Minister Yanis Varoufakis reiterated that the country will make a payment to the International Monetary Fund this week. Weaker jobs data will “set the tone for the coming month, particularly for the dollar, which is likely to see some consolidation,” said Sireen Harajli, a strategist at Mizuho Bank Ltd. in New York.
Categories: Business

Record gasoline output will curb biggest U.S. oil glut in 85 years

Tue, 04/07/2015 - 03:55
Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.
Categories: Business

Fed watching recent U.S. weakness; rate-hike timing unclear - Dudley

Tue, 04/07/2015 - 03:54
The timing of interest rate hikes are uncertain and the Fed must watch that the surprising recent weakness in the economy does not foreshadow a more substantial slowdown, an influential Fed official said.
Categories: Business

Tesla shares surge sfter strong sales, bullish analyst comments

Tue, 04/07/2015 - 01:54
Shares of Tesla are surging over 8 percent after the company reported strong vehicle sales in the first quarter on Friday.
Categories: Business

Divorce over Facebook, Sling TV snafu and the news you missed

Mon, 04/06/2015 - 23:54
Yahoo Finance's Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Categories: Business

Google says working to restore YouTube service in Turkey

Mon, 04/06/2015 - 21:54
FRANKFURT (Reuters) - Google (GOOGL.O) has seen reports that YouTube is blocked in Turkey and is working to restore its video-sharing service, a company spokesman said on Monday. (Reporting by Eric Auchard; ...
Categories: Business

Facebook Appeals Court Ruling as Turkey Blocks Twitter, YouTube

Mon, 04/06/2015 - 19:54
Facebook Inc. said it is appealing a Turkish court’s order to remove images of a slain prosecutor that were deemed to abet terrorism, as the government tightened its grip over Internet access. Facebook has in the meantime complied with the ruling to escape a blockage of its services in Turkey, the company said in an e-mailed statement Monday. The order applied to other social media websites as well, and during the day, Twitter and Google Inc.’s YouTube couldn’t be accessed through some providers. Both companies said they were working to restore access for users in Turkey “as soon as possible,” and late Monday, the ban on Twitter was lifted.
Categories: Business

Record gasoline output will curb biggest U.S. oil glut in 85 years

Mon, 04/06/2015 - 18:00
Refiners are poised to make gasoline at a record pace this year, keeping the biggest U.S. crude glut in more than 80 years from overflowing storage.
Categories: Business

Jobs shocker may show economy is in real trouble

Mon, 04/06/2015 - 15:54
The jobs market was the only part of the U.S. economy that really held up in the first quarter. That story just changed.
Categories: Business

Saudis Raise Oil Pricing to Asia as Refining Margins Improve

Mon, 04/06/2015 - 15:54
Saudi Arabia, the world’s largest crude exporter, raised pricing for May sales to Asia as refining margins improved for buyers in the country’s biggest market. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, raised official selling prices for Asia for a second straight month as refiners that buy its crude earned more for turning oil into gasoline and diesel. “The drive for Aramco to raise prices is the improvement in the refining margin for gasoline and diesel,” Essam al-Marzouk, a Kuwait-based analyst and former vice president for Europe at Kuwait Petroleum International, said by e-mail Sunday. Brent, a global oil benchmark, fell almost 50 percent in the past year amid increasing supply from areas including North America.
Categories: Business

IMF says Greece confirms it will repay loan due in April

Mon, 04/06/2015 - 15:54
Greece's finance minister on Sunday told the International Monetary Fund chief that his country will repay a substantial loan from the organization that is due this week. IMF Managing Director Christine ...
Categories: Business

Futures drop on jobs data as gold, oil rise

Mon, 04/06/2015 - 14:00
Emerging-market currencies strengthened with gold, while oil climbed as Saudi Arabia raised prices for shipments to Asia.
Categories: Business

Despite poor jobs data, dollar bulls keep the faith

Mon, 04/06/2015 - 13:59
Despite Friday's disappointing U.S. jobs numbers, the dollar will continue to rein supreme assuming the Federal Reserve looks on course to raise rates before year-end, analysts say.
Categories: Business

Oil up more than $1 after Saudi's Asia price hike

Mon, 04/06/2015 - 11:55
Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signaling improved demand in the region. International benchmark Brent regained ground after tumbling as much as 5 percent on Thursday, when a preliminary nuclear deal was finally reached between world powers and Iran. Brent crude for May delivery (LCOc1) touched a high of $56.90 a barrel and was up $1.50 from Thursday at $56.45 by 5.48 a.m. EDT. Despite the sanctions on Iran, China's imports from the OPEC producer are set to rise from August as a Chinese state trader has signed a deal with the National Iranian Oil Company to buy more condensate.
Categories: Business

Top Herbalife members contacted by law enforcement agencies: CNBC

Mon, 04/06/2015 - 11:55
The inquiries are focused on the activities of about 10 top Herbalife members, CNBC said, citing sources. The identities of the members and what law enforcement asked them is unclear, CNBC said. In an emailed statement, Herbalife said it is cooperating with authorities on requests for information relating to trading of its shares and to its business practices. It did not comment on CNBC's report about the agencies contacting its top members but said it remained confident in the integrity of its business practices.
Categories: Business

Battered by currency swings, European firms unpick global production model

Mon, 04/06/2015 - 11:54
A dramatic fall in the euro has created an opportunity for European manufacturers to enjoy cheap production costs at the bases from which they can supply world markets. Last month it announced plans to build a $500 million plant in the United States, looking past the dollar's current strength to build in a longer-term protection. "We're eliminating short-term currency fluctuations, which are never good for long-term commitment to customers in different regions, and we're creating a natural hedge," explained Volvo Chief Executive Hakan Samuelsson. "Natural hedges" occur when a business's structure protects it from exchange rate volatility, such as when suppliers, factories and customers operate in the same currency.
Categories: Business