Yahoo! News: Business
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Wall Street gains on weak dollar, strong home sales
(Reuters)
Reuters - U.S. stocks advanced on Monday, with the S&P 500 on track to snap a three-day sell-off, as a weak U.S. dollar and better-than-expected home sales data encouraged investors.
Home sales at 2-1/2 year high (Reuters)
Reuters - Sales of previously owned U.S. homes jumped last month to their highest level in more than 2-1/2 years, but a fall in an economic activity gauge was a reminder recovery from recession would be patchy.
Twitter's Biz Stone says could go IPO route (Reuters)
Reuters - Twitter, the social internet firm that tracks trends through individuals' updates of events around them, may eventually go to the stock market for funding if necessary, its co-founder Biz Stone said.
Cadbury hits new high as bidders circle (Reuters)
Reuters - Speculation about a bid battle for Cadbury among Kraft Foods and other rivals lifted shares in the British confectioner to a new high on Monday but analysts doubt whether a competing bid will emerge.
Campbell Soup raises outlook, shares edge up (Reuters)
Reuters - Campbell Soup Co reported a higher-than-expected quarterly profit on Monday, helped by price increases and easing costs for ingredients including grains that offset a drop in sales.
World stocks rally as dollar falters (AFP)
AFP - Global stock markets rose sharply on Monday as the dollar weakened, mirroring surging commodities, while signs of a possible international battle for British confectioner Cadbury focused traders' minds.
Fed's Bullard: Keep MBS program active longer (Reuters)
Reuters - A senior Federal Reserve official said on Sunday the central bank should keep alive its mortgage-related assets purchase program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
New Hampshire AG seeks bankruptcy for mortgage co. (AP)
AP - The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy.
Peet's raises offer for Diedrich to $265M (AP)
AP - Coffee chain retailer Peet's Coffee & Tea Inc. says it has raised its offer for the wholesale roaster and distributor Diedrich Coffee Inc. by about 24 percent to $265 million.
