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Business/Finance

AP Photo/Seth Wenig, File

Stock Indexes Head Higher in Afternoon Trading

FINANCE | Tuesday May 21, 2013
The stock market turned higher Tuesday as investors banked on continued policy support from the Federal Reserve. Two big retailers also topped Wall Street expectations for the most recent quarter.

Athlete-Amputee Becomes Artificial Limb Inventor

CORPORATE | Monday May 20, 2013
CBS News’ Ben Tracy reports on an inventor whose idea for an artificial limb design was borne out of his own experience losing his lower leg in a sporting accident.
The Yahoo logo is displayed outside of the offices in Santa Clara, Calif.

Yahoo Takes Big Leap with $1.1B Deal for Tumblr

CORPORATE | By Michael Liedtke | Monday May 20, 2013
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.
Specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange.

Small-Company Stocks Lead the Market Higher

CORPORATE | Monday May 20, 2013
The stock market is edging higher in midday trading, led by small-company shares.
Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the opening bell of the Nasdaq stock market, from Facebook headquarters in Menlo Park, Calif.

A Year After IPO, Facebook Aims to be Ad Colossus

CORPORATE | By Barbara Ortutay | Monday May 20, 2013
Despite its disappointing stock market performance, Facebook has delivered strong financial results. Net income increased 7 percent to $219 million in the most recent quarter, compared with the previous year. Revenue was up 38 percent to $1.46 billion.
People under umbrellas walk by an electronic stock board of a securities firm Monday, May 20, 2013.

Economists Predict Increase in Consumer Spending

CORPORATE | Monday May 20, 2013
Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.
Japan’s Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday.

Silver Drops Despite Steady Market Tone Elsewhere

CORPORATE | By Pan Pylas | Monday May 20, 2013
The price of silver was the standout mover in financial markets Monday as it took a hammering for the second trading session in a row, even as stocks remained relatively solid amid hopes over the U.S. economy.
Samuel Palmisano

Bloomberg Appoints Ex-IBM CEO as Privacy Advisor

CORPORATE | Friday May 17, 2013
Bloomberg LP, the financial news and information service, says it’s appointing Samuel Palmisano, the former CEO of IBM, as an independent advisor on its privacy and data standards.
Bottles of Heinz organic tomato ketchup are on display inside Costco in Mountain View, Calif.

Rising Consumer Demands Aids Organic Industry Sway

FINANCE | By Mary Clare Jalonick | Friday May 17, 2013
The organic food industry is gaining influence on Capitol Hill, prompted by its entry into traditional farm states and by increasing consumer demand.
Trader Kevin Lodewick works on the floor of the New York Stock Exchange.

Stocks Rise on Hopeful Signs for the US Economy

FINANCE | By Steve Rothwell | Friday May 17, 2013
Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday.