Markets

Ryland to announce Q3 results on Oct. 26

Ryland Group, Inc. one of the largest homebuilders and a leading mortgage-finance company in United States, will be announcing its third quarter results on Oct. 26 and holding conference call on Oct. 27 at 9:00 a.m. PDT.

The live webcast of the conference will be accessible at www.ryland.com.

Asian stocks surge as ECB assuages Greece default fears

Following Thursday gains, Asian markets opened higher amid speculations that European Central Bank (ECB) and international policy makers are coming together to lend dollars to struggling European banks.

10-year Treasury yield rises from fresh low as stocks recover

After hitting a fresh historic low Tuesday, the 10-year U.S. Treasury yield has moved up.

Asian stocks slide on dismal US job report, Europe debt crisis

Amid concerns of worsening Europe's debt crisis and dismal U.S. job report that renewed fears of another recession, Asian stock markets plunged Tuesday.

World economy precariously placed -- Zoellick

World Bank President Robert Zoellick has warned that as global growth is sluggish and investor confidence shaken, the world economy is moving towards a "new danger zone."

FHFA to sue banks over flawed mortgages

The Federal Housing Finance Agency (FHFA) is preparing to drag more than dozen of banks to court over mortgage-backed securities.

US home prices climb 1.1% in June

Assuaging fears of economy relapsing into recession, home prices in the major U.S. cities have improved for the third straight month in June.

Asian stocks climb as US consumer spending improves

Buoyed by unexpected rise in consumer spending in the United States, Asian stocks surged for the fourth day Tuesday.

Anti-corporate 'Anonymous' helps Time Warner boost profit

The Guy Fawkes mask adopted by Anonymous, the web’s most notorious group of hackers, as a symbol of their anarchic movement is inadvertently contributing to the profits of Time Warner, one of the largest media and entertainment companies in the world.

Mortgage applications fall to the lowest in 15 years

The Mortgage Bankers Association said on Wednesday that its index for mortgage applications has fallen by 2.4 percent, as compared to last week, after being adjusted for seasonal factors.

Gold tops $1900 amid economic concerns

Just within weeks of hitting the $1,800 mark, gold prices rallied to fresh record highs of nearly $1,900 an ounce late Monday.

Bank of America to axe 3,500 Jobs

Bank of America Corporation, which has long been waning at the stock market and is plagued by various sensitive issues like bad mortgages, is set to lay off 3,500 workers by the end of this quarter in September.