Stocks rise on housing data and retailer earnings

NEW YORK — Stocks rose, pushing the Standard & Poor's 500 index back into record territory, as investors assessed earnings reports from retailers and other companies. Home builders gained after sales of new homes jumped in January to fastest pace...

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Assailant hacks ex-Hong Kong editor with cleaver

HONG KONG — The former editor of a Hong Kong newspaper whose abrupt dismissal in January sparked protests over press freedom is in critical condition after being hacked Wednesday by an assailant with a meat cleaver, police said. Police said a man wearing...

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Hoffman's friend creates playwriting foundation

NEW YORK — A close friend of Philip Seymour Hoffman has settled a libel lawsuit against The National Enquirer by creating a playwriting foundation to be initially funded by the tabloid. In a one-page ad Wednesday in The New York Times, The Enquirer...

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Police: No charges for singer Bieber's driver

SANDY SPRINGS, Georgia — Police near Atlanta say they've decided not to charge a driver for Justin Bieber with any crimes after a photographer said his camera was stolen during a confrontation with the singer's entourage. Sandy Springs police said Wednesday...

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Data-breach costs take toll on Target profit

NEW YORK — Target Corp. will be feeling the financial pain for a while from the theft of credit card numbers and other information from millions of its customers. The retailer said Wednesday that its fourth-quarter profit slumped 46 percent. It also...

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Stocks open mixed; Lowe's rises on earnings

NEW YORK — The stock market is little changed as investors pick over more earnings reports from retailers and other U.S. companies. Consumer-focused stocks rose after home retailer Lowe's reported higher earnings. The Dow Jones industrial average was...

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US bank earnings rise 17 pct as loan losses fall

WASHINGTON — U.S. banks' earnings rose 17 percent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside less to cover losses as well as legal costs. The data provides fresh evidence of the...

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GE pays $1.7 billion to Shinsei, reducing exposure

FAIRFIELD, Conn. — General Electric will pay $1.7 billion to Shinsei Bank to end its obligation to cover interest refund claims. GE was required to make the payments as part of the sale of its Japanese consumer finance operations. The sale agreement...

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The Ticker

Demoulas CEO loses fight Market Basket CEO Arthur T. Demoulas lost his court fight challenging the independence of the grocery chain's chairman yesterday. A Suffolk Superior Court judge ruled that the CEO and shareholders aligned with him as part of...

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Cape Wind gets $600M loan from Danish company

BOSTON — The board of a Danish export credit agency has approved a $600 million loan to the Cape Wind offshore energy project. Cape Wind President Jim Gordon announced the loan from EKF on Wednesday at an offshore wind conference in Boston. The wind...

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