The 5 Dumbest Things on Wall Street This Week: May 17
Dan Loeb gets soft, Bloomberg and traders are 'Spy vs. Spy,' and Wal-Mart torpedos a cooperative reform effort by choosing its own, awkward path.
LOCAL BUSINESS NEWS
REAL ESTATE
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5 Worst Home Renovation Projects
None of 35 upgrades studied will boost a home's value enough to cover the job's average price.
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Berkshire Is an Insurance Company, Not a Nation-State: S&P
Standard & Poor's has cut Berkshire Hathaway's credit rating below that of the U.S. government.
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Housing Momentum Good to 2017: CoreLogic Case-Shiller
The housing recovery has plenty of steam, with many markets still considerably undervalued, according to CoreLogic Case-Shiller economist David Stiff.
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How to Invest Your IRA In Your Future Retirement Home
The Self-Directed IRA is perfectly legitimate, even coming with the blessings of the Internal Revenue .Service
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True Religion Finds Savior in $835M TowerBrook Buyout
TowerBrook Capital offers to buy TrueReligion in an international growth push.
AUTOMOTIVE
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Selloff Reaction; Valuing Beloved Companies: Cramer's Best Blogs
Catch up on Jim Cramer's thinking over the past week, including the new market pattern and two hard-to-value stocks.
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Tesla's Future Is Full of Green
Tesla shares fell Friday even as the electric car manufacture raises more than $1 billion and Morgan Stanley lifts its price target.
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How the New York Hedge Funds Lost Their Shirts on Tesla
These New Yorkers never saw Tesla's 100% market share in Silicon Valley and never drove an electric car.
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Elon Musk: Going All In on Tesla
Tesla announced a huge secondary offering, taking advantage of a soaring stock price. CEO Elon Musk is buying a good chunk of it. As a shareholder, that's what you want to see.
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Elon Musk Invests $100 Million in Tesla Capital Raise
Tesla is raising capital to repay government loans as its CEO continues to pump money in the automaker.
ON THE JOB WITH KEN LLOYD
NATIONAL TOP STORIES
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US Airways Flight Makes Belly Landing
A US Airways plane was forced to make a belly landing at Newark Liberty Airport early Saturday morning after its landing gear malfunctioned.
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CTRX Crosses Below Key Moving Average Level
In trading on Friday, shares of Catamaran Corp crossed below their 200 day moving average of $50.26, changing hands as low as $50.21 per share. Catamaran Corp shares are currently trading down about 2.7% on the day.
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OSIS Makes Bullish Cross Above Critical Moving Average
In trading on Friday, shares of OSI Systems, Inc. crossed above their 200 day moving average of $65.95, changing hands as high as $66.35 per share.
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Ultratech (UTEK) Shares Cross Above 200 DMA
In trading on Friday, shares of Ultratech Inc crossed above their 200 day moving average of $34.57, changing hands as high as $35.08 per share. Ultratech Inc shares are currently trading up about 6.6% on the day.
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ATADF Crosses Critical Technical Indicator
In trading on Friday, shares of Atac Resources Ltd. entered into oversold territory, changing hands as low as $0.927 per share.
BUSINESS CASUAL
AEROSPACE & DEFENSE
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US Airways Flight Makes Belly Landing
A US Airways plane was forced to make a belly landing at Newark Liberty Airport early Saturday morning after its landing gear malfunctioned.
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Air Force Targets $50M Savings With Apple iPads
Apple's iPad is now a key weapon in the U.S. Air Force's battle for efficiency savings.
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The Deal: Airline Unions Sign Pact To Ward Off Teamsters
Unions representing US Air and American ground workers agreed to work together to head off a Teamster takeover.
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The Deal: TransDigm Expands With $286 Million Arkwin Acquisition
TransDigm Group will acquire aerospace hydraulic and fuel systems components maker Arkwin Industries for $286 million.
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US Airways Flight Attendants, Finally United, Look to the Next Merger
US Airways and America West flight attendants have finally merged their AFA locals, and now look to another merger with American.
BUSINESS COLUMNISTS
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Proliferation of Pot Shops Frustrate Some San Pedro Merchants
Just two days before voters decide the fate of medical marijuana dispensaries in… -
Selloff Reaction; Valuing Beloved Companies: Cramer's Best Blogs
Catch up on Jim Cramer's thinking over the past week, including the new market pattern and two hard-to-value stocks.
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Regulators Clear Path for Tesoro to Buy BP Carson Refinery
Tesoro Corp. has received a green light from state and federal regulators to… -
Boeing Wins Satellite Contract with New Customer
El Segundo-based Boeing Space & Intelligence Systems, the aerospace giant's satellite and space… -
Business Casual: The Secrets Restaurateurs Keep
The secrets we restaurateurs keep. …
TECH & GADGETS
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Tesla's Future Is Full of Green
Tesla shares fell Friday even as the electric car manufacture raises more than $1 billion and Morgan Stanley lifts its price target.
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NBC, CW Network Jump Into TV Everywhere
Old media (TV) is making deals with new media outlets (Web) changing how we watch programs.
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Air Force Targets $50M Savings With Apple iPads
Apple's iPad is now a key weapon in the U.S. Air Force's battle for efficiency savings.
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How the New York Hedge Funds Lost Their Shirts on Tesla
These New Yorkers never saw Tesla's 100% market share in Silicon Valley and never drove an electric car.
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Leave the Driving to Us Robots
A highway of driverless, computer-operated trucks may be in your future.
Today’s Video News
YOUR MONEY
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Facebook: New and Improved One Year Later
Its IPO was a disaster. Its CEO admitted to mistakes. But today's Facebook is a force to reckon with in the mobile technology business.
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Investors Shouldn't 'Like' Facebook at Current Price
Buying stocks with sky-high P/Es that are not rapidly growing revenue and profit is a recipe for portfolio disaster.
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Morgan Stanley Did Right by Facebook
Morgan Stanley got Facebook the maximum possible price in its IPO a year ago. Isn't that the idea?
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Cramer's Top Stock Picks: BSX BAX FB
Boston Scientific could be making a comeback, Baxter is worth more in pieces and the Facebook IPO leaves an unpleasant memory one year on, Cramer said.
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Food Trends At Their Freshest in San Diego
In Southern California, here's you should eat to catch some of the hottest spring menu trends.
SMART SPENDING
Markets
NEW YORK (TheStreet) -- Major U.S. markets closed higher Friday, led by energy stocks, after a consumer confidence gauge reached to a post-crisis high and an upbeat report on U.S. economic activity bolstered the outlook for the world's largest economy.
The S&P 500 gained 1% to 1,666.12.
"The rise in consumer confidence appears to be a longer-lasting vote of support for the longevity of the U.S. economic recovery," Andrew Wilkinson, the New York City-based chief economic strategist at Miller Tabak & Co., wrote in a report.
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