Business and Finance news

Asian stocks plunged Friday after discouraging U.S. economic reports unnerved investors already worried about the stability of the 17-country eurozone.
Japan’s Nikkei 225 plummeted 2.4 percent to 8,660.23, as a strengthening yen battered the country’s behemoth export sector.
Hong Kong’s Hang Seng fell 2.1 percent to 18,802.45 and Australia’s S&P/ASX 200 dropped 2.2 percent to 4,064.40.
South Korea’s […]

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Iconic investor Warren Buffett announced Tuesday that he has been diagnosed with stage I prostate cancer in a letter to shareholders of his firm Berkshire Hathaway.
Buffett, 81, said his "condition is not remotely life-threatening or even debilitating in any meaningful way," and that additional tests didn’t reveal incidence of cancer anywhere else in […]

You find the home of your dreams. You’re pre-approved for a mortgage. You’ve scheduled the closing. Then … the appraisal comes in too low and the deal blows up.
Even as some mortgage standards have eased, hitting a needed appraisal value is proving a frustrating blocker for buyers and sellers and those looking to […]

Troubled Chinese timberland company Sino-Forest Corp. is filing for bankruptcy protection and putting itself up for sale.
Sino Forest says if it doesn

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Employment will improve more this year than economists previously estimated, helping the world

U.S. corporations pay one of the highest tax rates in the world. There’s little debate about that.
Still, some argue the difference in the overall tax burden for U.S. companies isn’t nearly as great it appears.

In fact, the United States collects less corporate tax relative to the overall economy than almost any other country in […]

Iran’s state TV is reporting the country has produced laser-guided artillery shells, capable of hitting moving targets with high accuracy.
The Monday report quoting Defense Minister Gen. Ahmad Vahidi also says that the shell was an “intelligent” munition with the capability to identify its own targets.
The report was accompanied by footage showing an artillery piece firing […]

Yields on India