Finance news

WordPress.com, the fast growing hosting service for millions of blogs, including TechCrunch and GigaOm, crashed briefly Thursday afternoon.
"WordPress.com will be back in a minute!" is the message that appeared shortly before 3 p.m. on some portion of the websites using the San Francisco blogging platform, which serves millions of blogs with a combined 72.2 million […]

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The losses continued for Great Florida Bank in the fourth quarter, but it succeeded in paring down its problem loans.
The Miami Lakes-based bank (NASDAQ: GFLB) suffered a net loss of $15.9 million in the fourth quarter, following a $13.3 million loss in the third quarter, according to its filing with the Federal Financial Institutions Examination […]

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Stocks seesawed Monday as investors eyed a weak dollar, higher commodity prices and a selloff in technology shares ahead of the start of the quarterly reporting period, which began after the closing bell with Alcoa.
The Dow Jones industrial average (INDU) gained 46 points, or 0.4%. The S&P 500 index (SPX) added 2 points, or […]

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The U.S. manufacturing sector grew for the fourth straight month in November, though at a slower pace, and questions remain about the staying power of the incipient economic recovery.
Signs the housing market was bouncing back in October were also tempered by a flat reading for construction spending for that month in other data reported […]

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Cadbury’s shares edged up in early trade on Monday as the clock ticked toward a 1700 GMT (12 noon EST) deadline for Kraft Foods to either make a formal takeover bid for the British confectionery group or walk away.
Cadbury is the world’s second largest confectionery group while Kraft is number five with brands such […]

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European exports declined the most in seven months in August as the region struggled to emerge from the deepest recession since World War II and the euro’s appreciation threatened to undermine the recovery.
Exports from the 16-nation euro region fell a seasonally adjusted 5.8 percent from July, when they rose 4.7 percent, the European […]

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Back-to-school sales for major national retailers fell from last year, but the results were stronger than analysts expected, thanks in part to discounters.
August same-store sales, sales at stores open a year or more, fell 2.9% overall from last year, Thomson Reuters reported. Analysts had expected a 3.8% decline as consumers continue to feel the […]

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Lithuania may avoid seeking an international bailout as bond investors in search of yields close to 10 percent return to the Baltic state’s debt market.
The country’s government debt is “very attractive” and “a compelling investment story” compared with its peers in eastern Europe such as Hungary or Romania, said Lutz Roehmeyer, a Berlin-based […]

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The International Monetary Fund, which has mounted rescues from Iceland to Ukraine in the past year, approved a loan of about $2.5 billion to Sri Lanka, the country’s ambassador to the U.S. said in an interview.
The IMF earlier this week said it reached a staff-level agreement for a stand-by loan to help the […]

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Consumer spending probably rose in May for the first time in three months as Americans gained confidence the recession was easing, economists said ahead of reports today.
Purchases increased 0.3 percent after falling 0.1 percent in April, according to the median forecast of 76 economists surveyed by Bloomberg News. Other figures may show a […]

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