General Business News - Stocks rise on earnings; rate worry eases (Reuters) Reuters -
Stocks rise on earnings; rate worry eases (Reuters)
Reuters - U.S. stocks rose on Wednesday as higher quarterly profits from toothpaste maker Colgate-Palmolive Co. and other companies overshadowed fears of interest rate rises stirred by surprisingly strong economic data.
New Home Sales Rebound Strongly in March (AP)
AP - Sales of new homes soared in March by the largest amount in 13 years, reflecting a rebound from bad weather in February. But the median price of the homes sold last month actually declined, providing evidence that the nation's five-year housing boom is slowing.
Kimco’s Consistent Growth (The Motley Fool)
The Motley Fool - Certain companies can lull you to sleep with their predictability. After another strong quarter, Kimco Realty (NYSE: KIM - News) is heading into that territory. Let’s peek under the hood at what the company reported and discussed on its conference call, to see if the outlook for this well-managed REIT still looks solid.
March new home sales leap, but prices fall (Reuters)
Reuters - Sales of new U.S. homes rose a much larger-than-expected 13.8 percent in March, the biggest one-month gain since April 1993, but prices fell sharply, a government report showed on Wednesday.
Boeing profit rises on plane sales (Reuters)
Reuters - Boeing Co. said on Wednesday that first-quarter profit rose a greater-than-expected 29 percent, as sales of its commercial planes offset a drop in revenue at its defense unit.
March durables orders, new home sales surge (Reuters)
Reuters - New orders for U.S.-made durable goods and sales of new homes surged more than expected in March, reports showed on Wednesday, boosting anticipation the Federal Reserve will continue to raise interest rates.
Office Depot Shares Up on 1Q Profit Jump (AP)
AP - Shares of Office Depot Inc. rose Wednesday, a day after the nation’s second-biggest office-supplies retailer posted a 12 percent jump in first-quarter earnings as upbeat North American sales lifted results.
ConocoPhillips profit soars as oil prices surge (Reuters)
Reuters - ConocoPhillips , the No. 3 U.S. oil company, on Wednesday reported quarterly profit surged, as oil prices continued their march upward.