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May 18, 2012 9:34 AM EDT
Testimony Driven

Investors were fortunately distracted by the Fed Chairman’s testimony before Congress, so little attention was being paid to the record low in New Home Sales. The January report showed a decline to a seasonally adjusted rate of 309,000 from a December reading of 348,000. Expectations were for a much smaller increase to 354,000. One reason for the expectation that there might be an increase in sales is that we’re finally past the lull when Cong... full story >>


Top Stories

Al Lewis: Tax man makes it hard to be an American

Peter Dunn renounced his U.S. citizenship last year so he no longer would have to deal with the Internal Revenue Service, Al Lewis reports.



NewsWatch: Stock futures up ahead of Facebook debut

U.S. stock index futures shake off European worries to post modest gains as investors await Facebook’s much-publicized initial public offering.



Indications: Stock futures up ahead of Facebook debut

U.S. stock index futures shake off European worries to post modest gains as investors await Facebook’s much-publicized initial public offering.



Europe Markets: Europe stocks choppy on Europe, China worries

Europe stocks traded choppy with losses for miners and drinks makers, while banks rebounded from earlier losses related to a downgrade of Spanish banks by Moody’s Investors Service late the prior day, amid talk of a ban on short selling of those institutions.





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Overnight Stocks

China's IPO's - Initial public offerings by Chinese cos. in the U.S. are suffering their longest slump since at least 2004 after providing twice the return of American IPOs over the past five years. Chinese cos. that sold shares in the U.S. last quarter...


NTDOF + Nintendo Co. said it will launch the DSi XL, a bigger-screen version of its popular portable game device, in the U.S. next month as it seeks to continue growing amid more competition from devices like smart phones. The Japanese videogame...


LEH - Lehman Brothers Holdings Inc. says it's in "serious jeopardy" of losing $900M it's owed unless it can take steps to prevent two investment vehicles from being dissolved.  LEH is asking for court approval to pay the fees an...


Chrysler Group LLC - CHRYSLER Group LLC said it will replace a front airbag sensor in more than 355,500 minivans, starting in June. Chrysler's 'safety improvement campaign' covers 355,562 of its 2005-2006 Chrysler Town & Country and Dodge Grand Cara...


GOOG - An Italian court convicted three Google Inc. executives of violating the privacy of a disabled boy by allowing a 2006 video of students bullying the boy to air on the now-defunct Google Video site. The ruling could restrict the way Inter...




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