Business

Business Homebuilder confidence edges up in April Homebuilder confidence edges up in April
U.S. homebuilders' confidence in the housing market rose modestly in April but remained at low levels for the third straight month, constrained by tight credit for home buyers and a shortage of workers and available land.
Business Coca-Cola sells more drinks but soda dips Coca-Cola sells more drinks but soda dips
The world's biggest beverage maker said Tuesday that its global volume for soda fell for first time in at least a decade. The drop was offset by stronger sales of noncarbonated drinks such as juice, and overall volume rose 2 percent.
Business Yellen: Mega-banks might need to hold more capital Yellen: Mega-banks might need to hold more capital
Federal Reserve Chair Janet Yellen said Tuesday that the largest U.S. banks might need to hold additional capital to withstand periods of financial stress.
Business U.S. retail sales up strong 1.1 percent in March U.S. retail sales up strong 1.1 percent in March
U.S. retail sales in March rose by the largest amount in 18 months, led by strong gains in sales of autos, furniture and a number of other products.
Business Citigroup's earnings edge higher in first quarter Citigroup's earnings edge higher in first quarter
Citigroup's its first-quarter earnings rose as the bank got a boost from declines in expenses and provisions for bad loans. The earnings improved even as revenue from mortgage refinancing and bond trading fell.
Business Uber meets local lookalikes in Asia taxi-app wars Uber meets local lookalikes in Asia taxi-app wars
Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There's a twist, though: Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors using similar technology.
Business A guide through the complexities of 401(k) fees
Most fees -more than 80 percent of them - are covered by a plan's "expense ratio." The expense ratio includes recurring fees you're charged when you invest in a fund. The ratio is disclosed in a document - form 404(a)(5) - sent annually to participants in 401(k) plans.
Business Finance officials express hopes for growth
The world's top finance officials say the global economy is recovering, and they're hopeful that well-run economic programs will avoid the risks that threaten that rebound.
Business GM stock hits 10-month low, under IPO price GM stock hits 10-month low, under IPO price
Shares of General Motors Co. fell to a 10-month low Friday as the company's widening recall crisis put a coveted upgrade of its credit rating in doubt.
Business JPMorgan's first-quarter profit falls 20 percent JPMorgan's first-quarter profit falls 20 percent
JPMorgan Chase, the biggest U.S. bank by assets, said Friday its first-quarter earnings fell 20 percent, driven by a decline in investment banking and mortgage lending.
Business Wells Fargo's earnings rise 14 percent Wells Fargo's earnings rise 14 percent
First-quarter profit for Wells Fargo & Co., the biggest U.S. mortgage lender, surged 14 percent in the latest quarter as the bank continued to trim its losses on soured loans.