BUSINESS

Row homes valued at $400,000 each, which are offered for free in a "buy one, get one free" deal, are seen in Escondido

Reverse Mortgages Could Rise, But Beware: Report

A wave of retiring U.S. baby boomers may lead to an increase in unconventional loans known as reverse mortgages in coming years, but the practice comes with risks, according to a report released Thursday by the Consumer Financial Protection Bureau.
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Holder Contempt Vote: What?s Next?

It now falls to the U.S. attorney for the District of Columbia to send the contempt citation to a grand jury, an unlikely outcome. Here's what might happen instead.
A Delta Airlines A320

Airbus Picks Alabama For First US Factory: Report

European airplane manufacturer Airbus SAS will build its first U.S. factory in Mobile, Ala., as it intensifies its competition with main rival, U.S.-based Boeing Co. (NYSE: BA), The Associated Press reported Thursday.
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Google Chrome Coming To Apple iPhone, iPad; Drive Also Gets iOS Treatment

After announcing a slew of new Android-optimized hardware and software products on Wednesday, Google announced on Thursday it will finally port Google Chrome, the second most popular Web browser in the world, to the iPhone and iPad operating system (iOS). In addition, Google will also release an iOS-optimized version of Google Drive, which is the company's cloud service for syncing and sharing information from your Google accounts to all your devices. Google Chrome Coming To Apple iPhone, iPa...
Barclays

British, US Banks Fall Hard On News of Barclays Fraud

Investors in Barclays PLC (NYSE: BCS) (London: BARC) lost over £4 billion Thursday as the British bank lost one-sixth of its market capitalization a day after international regulators announced the bank would have to pay hundreds of millions as a fine for an audacious price-fixing fraud some of its traders were found to have engaged in.
US Supreme Court

Retailers To Fight Supreme Court Health Care Decision

After the Supreme Court health care decision, the National Retail Federation, the world's largest advocate for merchandisers, said Thursday the law is too complicated and difficult for businesses to implement and administer.
Supreme Court Health Care Decision

Health Care Supreme Court Decision: Shares of Medicaid MCOs Soar

The Supreme Court health care decision confirming the constitutionality of the president's signature legislative achievement and expanding insurance to millions of low-income Americans under Medicaid will provide a large influx of new customers and notable revenue opportunity for Medicaid-focused managed-care organizations (MCOs).
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Apple Could Integrate iTunes Closer To iCloud

Apple (Nasdaq: AAPL), the world's most valuable technology company, may change the way iTunes works so that it?s more closely integrated with the iCloud file-storage service, news services said.
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48 Hours In Seoul, Korea

From busy lanes along the feet of skyscrapers and a throng of commuters armed with cutting edge technology, to shamanistic shrines and grand palaces, Seoul -- a city of ten million -- is an amalgamation of a modern high-tech metropolis retaining the legacy of age old traditions.
Google Nexus 7

'No iPad Killer': Why Google's Nexus 7 Will Extinguish Kindle's Fire

Aggressively priced at $199 for the 8GB model and $249 for the 16 GB model, the Nexus 7 is smaller than an iPad at 7 inches, but it's still packed with impressive innards, including a quad-core Tegra 3 processor, a 1.2-megapixel camera, 1GB of RAM, a 4,325mAh battery and NFC built in. The Nexus will start shipping next month with Google's updated Jelly Bean 4.1 OS.
News Corp.

Can News Corp. Survive With Just News?

The newspapers that give Rupert Murdoch's News Corp. (Nasdaq: NWSA) its name may soon be on their own after the media giant's board approved a breakup that could radically reshape the global media landscape.
Traders on the New York Stock Exchange floor

US Stock Futures Decline Ahead Of Crucial EU Summit

U.S. stock index futures declined Thursday morning, pointing to a lower opening on Wall Street ahead of a decisive European Union summit in Brussels, where EU leaders will meet to tackle the euro zone debt crisis head on. The summit will take place June 28-29.
Asian Stocks

Asian Stock Mostly Higher; Summit Doubts Cap Gains

Asian stock markets mostly advanced Thursday as better-than-expected economic data from the US buoyed sentiment, but gains were capped as investors are being cautious ahead of the EU summit later in the day.
A trader is pictured at his desk in front of the DAX board at the Frankfurt stock exchange

European Markets Rise On Positive U.S. Data

European markets rose Thursday following encouraging data from the U.S., but investors remain watchful ahead of the European Union summit in Brussels on Thursday and Friday, where leaders will discuss tackling the EU debt crisis with concrete measures

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