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A survey of credit providers showed that loans and leases for business equipment in the U.S. rose 23% in April from a year ago, as companies went on their largest buying spree of the year so far.Respondents to the Equipment Leasing and Finance Association's monthly survey published Thursday said they financed $7.5 billion of new equipment last month, up from $6.1 billion in April 2012. Financed purchases in April rose 10% above March. April's volume was the largest since December. For the year, business volume is up 8% over the same time in 2012.Observers said the robust financing volume suggests U.S. businesses are stepping up their capital investments after a prolonged stretch of reduced spending caused by weak sales growth and anxiety about the U.S. government budget and taxes."Over the last four years businesses of all sizes have pursued a defensive strategy of austerity," Paul J. Menzel, CEO of Financial Pacific Leasing LLC in Federal Way, Wash., said. "The anemic revenue story ma...
A federal judge reinstated a $203 million penalty against Wells Fargo & Co. (WFC) in a lawsuit related to overdraft fees, Reuters reported Wednesday.The judge impose...
Berkshire Hathaway Inc. (BRKA, BRKB) sold its stakes in defense contractor General Dynamics Corp. (GD) and agricultural giant Archer Daniels Midland Co. (ADM) in the...
Warren Buffett's Berkshire Hathaway Inc on Wednesday revealed a new investment in Chicago Bridge & Iron Co and said it has added to one of its largest equity holding...
Warren Buffett's Berkshire Hathaway Inc. unloaded stakes in Archer Daniels Midland and General Dynamics , and initiated a position in Chicago Bridge & Iron , accordi...
A federal judge has again ordered Wells Fargo & Co to pay $203 million to settle class action litigation accusing it of imposing excessive overdraft fees on checking...
U.S. stocks rose Wednesday, with hopes for ongoing central-bank stimulus bolstering sentiment amid economic reports illustrating a contraction in manufacturing."It s...
U.S. stocks mostly rose Wednesday, with hopes for ongoing central-bank stimulus-bolstering sentiment amid economic reports illustrating a contraction in manufacturin...
U.S. stocks turned higher Wednesday after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.Wednes...
After years of urging its financial advisers to sell more life insurance, UBS Wealth Management Americas is bringing in full-time experts and offering financial ince...
U.S. stocks moderated Wednesday losses after a gauge of home-builder sentiment gained in May, offsetting an unexpected contraction in New York-area manufacturing.The...
After declining for three months, a gauge of confidence among home builders rose in May, led by views on current sales and prospective buyers, according to the Natio...
An index of sentiment among home builders is expected to rise to 44 in May from 42 in April, supported by improving weather and lower lumber prices, according to eco...
Are traditional bank branches about to become an endangered species?As self-serve options for banking become more popular and convenient, some of the nation's bigges...
Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp to $3.40 per share on Tuesday under pressure from activist shareholders, but ...
Yahoo Inc. took the tech-sector spotlight Monday, with its $1.1 billion acquisition of blogging-service operator Tumblr seen as a potential gamble by Chief Executive...
Yahoo Inc.'s $1.1 billion acquisition of blogging-service operator Tumblr claimed the tech sector's spotlight on Monday, with the deal seen as a potential gamble by ...
By James RobertsMy Stockdiagnostics model has 14 positions and about 12% cash as of April 30, 2013. Two of the 14 positions are what I term multi-industry investment...
At least one analyst on Wall Street says that a vote to split the roles of chairman and CEO at JP Morgan (NYSE:JPM) would offer a good buying opportunity for investo...
A federal judge reinstated a $203 million penalty against Wells Fargo & Co. (WFC) in a lawsuit related to overdraft fees, Reuters reported Wednesday.The judge impose...
