Foreclosures made up 26% of U.S. home sales in first quarter 
Homes in some stage of foreclosure accounted for more than one in four home sales during the first three months of the year, according to a report released Thursday.Distressed properties that were either in default, scheduled for auction or bank-ow...
-of-us-home-sales-in-first-quarter/
Common Ground Seen Holding U.S. Back From Cliff: Economy - Bloomberg
The U.S. will avoid plunging off a fiscal cliff in 2013, according to economists surveyed by Bloomberg News, as lawmakers find enough common ground in budget negotiations to avert a recession. This so-called cliff includes the expiration of income-...
ack-from-cliff-economy-bloomberg/
Toronto housing affordability slipping
Brisk demand for single-family homes that is pushing up prices across the GTA caused housing affordability to slip in the first quarter of 2012 and shows �no signs of easing at this point,� says a new report by RBC Economics released Tuesday. In fac...
ty-slipping/
Premier Wen Says China to Focus More on Growth, Xinhua Reports - Bloomberg
Chinese Premier Wen Jiabao said the government will focus more on bolstering growth, indicating policies may be loosened further as inflation moderates. China will �place stabilizing growth at a more important position� while the government maintai...
s-more-on-growth-xinhua-reports-bloomberg/
Gap 1Q net income beat expectations
Clothing seller Gap Inc. says its first-quarter net income was unchanged from a year ago as rising costs and a drop in overseas sales offset sales gains at its Old Navy, Gap and Banana Republic chains. But the results beat analyst forecasts, and the...
ions/
Stocks mixed: Asia edges up, Europe sags on Greek worries
BANGKOK - Asian stocks eked out gains Thursday as traders hunted for bargains after sharp selling in recent days, but markets in Europe fell amid intensifying fears of a messy exit by Greece from the euro common currency. Greece called a new round of...
-up-europe-sags-on-greek-worries/
Remember theGlobe.com? Tech IPOs have a dismal track record
There are plenty of reasons to "like" Facebook, but Internet IPOs are better known for their epic flops than wild successes. Of the 31 Internet IPOs held since the beginning of 2011, 22 are currently trading below their clo
e-a-dismal-track-record/
U.S. Solar Tariffs on Chinese Cells May Boost Prices - Bloomberg
The U.S. yesterday imposed tariffs of as much as 250 percent on Chinese-made solar cells to aid domestic manufacturers beset by foreign competition, though critics said the decision may end up raising prices and hurting the U.S. renewable energy ind...
e-cells-may-boost-prices-bloomberg/
Wal-Mart's first-quarter profit up 10 percent
Wal-Mart Stores Inc. is reporting a 10.1 percent increase in first-quarter profit as the world's largest retailer's re-emphasis on low prices continues to woo back bargain-hungry shoppers in an uncertain economy. Wal-Mart says that it earned $3.74 b...
-profit-up-10-percent/
Oil rises above $93 as traders mull Europe turmoil
Oil prices hovered near $93 a barrel Thursday in Asia as traders mulled whether concern over Europe's debt crisis justifies extending a sharp sell-off during the last two weeks. Benchmark oil for June delivery was up 26 cents to $93.07 a barrel at l...
ll-europe-turmoil/
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