Bloomberg News
National home loan applications index <br>falls by 7.3% in May
Mortgage applications in the United States fell in May by the most in four months as higher borrowing costs discouraged filings for home purchases...
Top Goldman hedge fund <br>trails peers so far in 2007
Goldman Sachs Group Inc.’s largest hedge fund fell 3.4 percent in the first four months of this year, trailing peers because of losses on...
Survey: Employers shun workers<br> who take career breaks
Employees trying to re-enter the work force after time away may find their hardest job is persuading employers they haven’t lost their skills, according...
Durable goods orders rise for 3rd month in a row
Orders for durable goods recorded a third straight gain last month, the longest streak in almost two years, confirming that manufacturers will help buoy...
Fed: Few banks tighten prime lending standards
A “relatively small” number of banks tightened lending standards for prime mortgages in the three months to April, according to a Federal Reserve survey....
Sony says its PlayStation losses will shrink by 80%
Sony Corp., the world’s largest game console maker, said it will cut PlayStation losses by almost 80 percent this year by raising sales and...
U.S. industrial output <br>outpaces forecasts in April
Industrial production in the United States rose more than forecast last month as cold weather boosted electricity demand and manufacturers stepped up output after...
CVS/Caremark plans to buy back $5B in stock
CVS/Caremark Corp., the second- biggest U.S. drugstore chain, said it plans to buy back as much as $5 billion of its stock after an...
Nokia uneils 7 handsets for emerging markets
Nokia Oyj, the world’s largest mobile- phone maker, this month introduced seven handsets to be sold in emerging markets, mainly in Asia Pacific and...
New BlackBerry aims to challenge iPhone
Research In Motion Ltd. plans to sell a smaller BlackBerry e-mail device this month, adding a new design before the debut of Apple Inc.’s...
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