Markets


Markets

Boutique Bohemian: High-End Hostels Come to America

Tue, 26 May 2015 21:47:52 EDT
Investors are pouring money into upscale youth hostels, betting the next big market in hospitality will be the scruffy, cost-conscious backpacking crowd.

SocGen Deal for Bache Illustrates Commodity-Trading Woe

Tue, 26 May 2015 20:53:17 EDT
Société Générale is picking apart Bache—a commodities house and the last link to a historic Wall Street name—in another sign of how the trading of raw materials has fallen on hard times.

U.S. Stocks Close Lower

Tue, 26 May 2015 19:22:19 EDT
The Dow Jones Industrial Average slumped the most in nearly a month Tuesday, as the latest batch of uneven economic data jolted the stock market out of its May lull.

Dollar's Strength Fuels Buyouts Abroad

Wed, 27 May 2015 00:13:45 EDT
American companies looking to do deals abroad are finding a welcome tailwind: a strong U.S. dollar.

Alleged Ringmaster in Libor Trial Described as Greedy, Dishonest

Tue, 26 May 2015 22:10:53 EDT
The criminal trial of the alleged mastermind of a vast interest-rate-rigging scandal has begun in London, with prosecutors describing former bank trader Tom Hayes as dishonest and greedy.

Calgary's Office Boom Skids on Oil Slump

Tue, 26 May 2015 23:50:49 EDT
When crude prices were high, the commercial real-estate market in Canada’s oil capital rivaled that of Houston. Now energy companies are cutting back, vacating a record amount of space even as construction of nine major buildings is under way.

Brookfield Moves Ahead With $2 Billion Tower

Tue, 26 May 2015 20:51:59 EDT
Brookfield Property Partners is plowing ahead with a giant $2 billion glass tower on New York City’s West Side.

California Ruling Could Dent Building

Tue, 26 May 2015 17:53:51 EDT
California, a state notorious for strict environmental reviews and aggressive community activist groups, may have just gotten even tougher for developers.

Apple Set to Issue Yen-Denominated Bonds

Wed, 27 May 2015 03:24:17 EDT
Apple Inc. will likely issue the company’s first yen-denominated bonds in June, in the latest of several moves to take advantage of rock-bottom interest rates in some non-U.S. markets.

Cotton Ticks Higher as Rain Falls in Texas

Tue, 26 May 2015 20:50:29 EDT
Cotton prices eked out a gain Tuesday after five sessions of losses, with a rainy forecast in the Texas Panhandle leading traders to bet the U.S. could plant less of the crop.

Highland Capital Sues Credit Suisse Over Soured Loans

Tue, 26 May 2015 20:51:07 EDT
Highland Capital Management is suing Credit Suisse for more than $500 million in an effort to recoup some losses from an ill-fated loan program to developers of U.S. luxury properties during the mid-2000s.

Charter's Time Warner Cable Bundle is No Bargain

Tue, 26 May 2015 18:11:41 EDT
Charter finally got the cable consolidation it was seeking with deals to buy Time Warner Cable and Bright House. But it had to pay up to get them.

The Low Spark of High-Priced Homes

Tue, 26 May 2015 20:54:53 EDT
One reason new-home sales are still so low: New-home prices are still out of reach for many Americans.

Tiffany May Be a Hidden Gem

Tue, 26 May 2015 19:37:40 EDT
Ahead of the Tape: Tiffany expects an awful first quarter, but analysts may have overcompensated for that.

Samsung Shuffles Toward a Simpler Structure

Tue, 26 May 2015 22:04:46 EDT
Investors following the reorganization of the Samsung empire should keep their eyes on the electronics prize.

FCA's Deal Hopes Shouldn't Drive Strategy

Tue, 26 May 2015 11:55:05 EDT
Fiat Chrysler is calling for consolidation in the auto industry. That may reflect challenges in the company’s stand-alone strategy.

Spain's Unfinished Crisis Business

Tue, 26 May 2015 21:10:22 EDT
Spain’s growth numbers have impressed markets, but not voters. The country has a lot still to do.

Chinese Play for Fortescue Keeps Iron Man Standing

Tue, 26 May 2015 04:38:15 EDT
A Chinese play for Fortescue Metals is about more than snapping up iron ore at low prices. China has a strategic interest in keeping marginal producers alive.

Bank Trading Gains Take Spring Break

Mon, 25 May 2015 22:00:27 EDT
After surging earlier in the year, bond trading has once again slumped. April saw the lowest level of trading activity in years.

Look What's Stirring at Shake Shack

Mon, 25 May 2015 22:03:05 EDT
Shake Shack has achieved cult status among investors. But its low float has also contributed to irrational movement in the stock.