Business News

online.wsj — Costco reported higher profit and revenue for its latest quarter, as the wholesale-club operator continues to fare relatively well in an uncertain economy.

fool — This stock just hit a 52-week milestone. Where will it head next?

online.wsj — Facebook shareholders may have a legitimate gripe about the IPO, but that doesn't mean they're still not old-fashioned Wall Street suckers.

fool — Is this meaningful or just another movement?

fool — All cash flow is not created equal.

latimes — Europe's ongoing debt crisis and Facebook's flat IPO have rattled investors, who wonder whether the global economy is beginning yet another deep dive.New home sales are up. The unemployment rate is falling. Companies are buying one another, signaling confidence in the economy.

business.time — Facebook’s post-IPO meltdown has certainly been bad news for investors who got into the stock at its initial price—or higher. Is it also bad news for the IPO market at a whole? Facebook isn’t the first dot-com to see its IPO go blooey. Heck, it wasn’t that long ago we...

moneyweek — Matthew Partridge reviews three of the latest books on economics and investing, including: how to fix financial regulation; how to invest for dividends; and why it's time economists had a rethink.

fool — Markets are hinging on Europe's ability to find common ground.

online.wsj — Concerns over the euro's future deepened on more evidence of policy inertia and a fresh spate of dire economic data.

latimes — Nearly 1 in 3 homeowners with a mortgage in L.A. County owes more than the property is worth, new data show. These underwater loans hinder mobility and hurt prices because they tend to stymie the important move-up market.Even as a tentative housing recovery in the Southland appears underway, a big...

moneyweek — The recent hyper-activity in the Dow has thrown up a very rare and exciting phenomenon, says John C Burford. Does the market hold any further surprises?

online.wsj — Brewing giant SABMiller said consumer spending in mature beer markets remains subdued despite a surge in its profit, driven by price increases and strong volume growth in emerging economies.

latimes — HP said the job reductions would occur by the end of fiscal 2014. The cuts are expected to save Hewlett-Packard $3 billion to $3.5 billion annually.Hewlett-Packard Co., battered by declining profits and tech rivals with flashier hand-held devices, is slashing 27,000 jobs, or 8% of its workforce.

moneyweek — Britain's economy is set to get worse before it gets better as we battle against headwinds from Europe. But there are still opportunities out there, says Matthew Partridge, Here, he tips a stock that should weather the tough times.

business.time — Since the start of Europe’s debt crisis in 2009, there has been a steady drumbeat of predictions that the euro was doomed. The problems were too intractable, the debts too large, the political will too feeble. So far, the doomsayers have been wrong. The leaders of Europe have managed to...

online.wsj — Pimco's Bill Gross and other managers are dumping southern European debt and piling into safer U.S. and German issues.

money.cnn — China's manufacturing sector continued to shrink in May, according to preliminary data released Thursday.

fool — Panic if you must, but don't sell Dell today.

fool — This retailer posts solid quarterly earnings, yet again.

online.wsj — H-P plans to lay off 27,000 employees. The tech giant also said its quarterly profit slumped 31% amid relatively flat revenue in its PC business and lower printing sales.

online.wsj — Research In Motion said its London-based executive vice president for sales, Patrick Spence, is stepping down—the latest departure in a string of high-level exits at the BlackBerry maker.

blogs.smartmoney — Real-Time Advice: Home builders say they're getting a boost from wealthy customers' restored demand for extra-large properties.

online.wsj — Freddie Mac forced Bank of America to buy back $330 million of mortgages originated over the past two years after the mortgage-finance giant challenged the lender over technical issues with how the loans were manufactured.

fool — Markets swing on support rumors.