MARKETS / FINANCE

Media company Tribune Co has reached a deal to sell the Chicago Cubs baseball team and other assets to the Ricketts family for $845 million, Tribune said on Friday.

Is it game over for the recession? Or will consumers stay in hibernation?

Is it game over for the recession? Or will consumers stay in hibernation?

Sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest pace in nearly two years, a survey showed on Friday, in a strong sign that housing is pulling out of a three-year slump.

Stocks ended the week at 2009 highs on Friday after a surprising rise in home sales and optimistic comments from Federal Reserve chief Ben Bernanke reassured investors about the prospects for an economic recovery.

U.S. Federal Reserve Chairman Ben Bernanke and other central bankers said on Friday the worst global recession in 70 years was nearing a close but warned it would be a long, slow climb back to normal growth.

The Federal Reserve on Friday lifted an estimate of the value of Bear Stearns and American International Group assets used to secure their rescue last year, potentially reducing losses to U.S. taxpayers.

Chrysler Group LLC Deputy Chief Executive Jim Press said he plans to leave by November, ending a two-year stint at the automaker that included its slide into bankruptcy, according to two people briefed on the still-confidential discussions.

Stocks ended sharply higher on Friday as investors were reassured by comments from Federal Reserve Chairman Ben Bernanke on prospects for an economic recovery. Confidence also was helped by stronger-than-expected housing data.

Dow Jones & Co Inc has been talking to potential buyers about the sale of its stock-market indexing business, which includes the Dow Jones Industrial Average , The Wall Street Journal reported on Friday.

The S&P 500 index rose 2 percent briefly on Friday as investors were reassured by comments from Federal Reserve Chairman Ben Bernanke on prospects for an economic recovery, with confidence also boosted by better-than-expected housing data.

Gaps are simply areas on the bar chart where no trading has taken place. An upward gap occurs when the lowest price for one day is higher than the highest price of the preceding day. A downward gap means that the highest price for one day is lower than the lowest price of the preceding day. There are different types of gaps that appear at different stages of the trend. Being able to distinguish among them can provide useful and profitable market insights. Three types of gaps have forecasting val...

Stocks surged to 2009 highs on Friday after a surprising increase in existing home sales offered solid evidence of a recovery and positive comments from Federal Reserve Chairman Ben Bernanke bolstered optimism about the economy.

Women's clothing retailer AnnTaylor Stores Corp beat Wall Street's profit expectations on Friday, helping to send shares up 1.5 percent.

A former UBS banker and key informant in the U.S. tax evasion case against Swiss bank UBS AG was sentenced to three years and four months in prison on Friday for helping a billionaire hide assets from U.S. tax authorities.

A new global reserve system is needed after the global financial crisis exposed the U.S. dollar-based system as flawed and risky, Nobel Prize-winning economist Joseph Stiglitz said on Friday.

Oil rose nearly $1 toward $74 a barrel on Friday, after earlier hitting 2009 highs, as data in the United States promised economic recovery and a potential revival in energy demand.

Amy, a seasoned administrative professional, had taken her career in a different direction over the last two years.

The U.S. dollar is likely to rise in the week ahead as investors seek safety amid doubts about the strength of the global recovery after a sell-off in Chinese stocks.

Chrysler Group LLC Deputy Chief Executive Jim Press has conveyed his plans to leave the automaker by November, according to a person briefed on the still-confidential discussion.

These two short-term continuation patterns mark brief pauses, or resting periods, during dynamic market trends.

Instead of warning of market reversals, continuation patterns are usually resolved in the direction of the original trend. Triangles are among the most reliable of the continuation patterns. There are three types of triangles that have forecasting value-symmetrical, ascending and descending triangles. Although these patterns sometimes mark price reversals, they usually just represent pauses in the prevailing trend.

Bradley Birkenfeld, a key informant in the U.S. tax evasion case against Swiss bank UBS , was sentenced to three years and four months in prison on Friday by a federal court judge in Florida.

Another one of the reversal patterns, the triple top or bottom, is a variation of the head and shoulders. The only difference is that the three peaks or troughs in this pattern occur at about the same level. Triple tops or bottoms and the head and shoulders reversal pattern are interpreted in similar fashion and mean essentially the same thing. Double tops and bottoms (also called M's and W's because of their shape) show two prominent peaks or troughs instead of three.

Chrysler Group LLC Deputy Chief Executive Jim Press will leave the automaker by the end of the year, the Wall Street Journal reported on Friday.

U.S. Federal Reserve chief Ben Bernanke on Friday offered his clearest signal yet that he thinks a global recovery is at hand, but warned growth would be sluggish and unemployment stubbornly high.

U.S. stocks rallied to new 2009 highs on Friday on positive comments from Federal Reserve Chairman Ben Bernanke and data showing existing home sales rose for the fourth consecutive month.

Stock indexes rose on Friday to fresh 2009 highs, as better-than-expected U.S. existing home sales and positive economic surveys in Europe added to optimism the economy was on the mend.

Sales of previously owned U.S. homes notched their fastest pace in nearly two years in July, an industry survey showed on Friday, the strongest sign yet that housing was pulling out of a three-year slump.