Buybacks are a big factor behind stock market boom

It's the narcissist rally.

Bank of Montreal ordered to fix oversight lapses

Federal regulators are ordering the Bank of Montreal to take steps to correct lapses in oversight that could allow the bank to be used for money laundering.

Stocks rise on hopeful signs for the US economy

Encouraging news about the U.S. economy extended the stock market's rally Friday.

US Treasury bond market at a glance

News Summary: Stocks gain for fourth straight week

THE FUTURE IS BRIGHT: Positive reports on leading economic indicators and consumer confidence gave the stock market a boost on Friday, helping stocks to their fourth consecutive week of gains.

Pew survey questions Gen X, baby boomer savings

A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.

GM stock rises above $33 for first time in 2 years

Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.

Figures on government spending and debt

Stocks rise on hopeful signs for the US economy

Encouraging news about the U.S. economy is extending the stock market's rally.

How the Dow Jones industrial average fared Friday

Encouraging news about the U.S. economy pushed stock prices higher on Wall Street Friday. A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is steadily recovering. The Dow Jones industrial average and the Standard & Poor's 500 index ended higher for a fourth straight week.

Bill clears House for wider SEC economic analyses

Legislation cleared the House on Friday that would place stricter requirements on the federal agency overseeing Wall Street to assess the costs and benefits of its regulations before they are issued.

Groups divided on Bangladesh safety overhauls

The nation's largest retail industry organization fired back Friday, outlining reasons why a legally binding global pact to make Bangladesh clothing factories safer would expose merchants to undue legal exposure. The move came as U.S. retailers face increasing pressure from a large coalition of religious groups and investors to work together to develop a plan.

Stocks rise on hopeful signs for the US economy

Encouraging news about the U.S. economy is extending the stock market's rally.

Transocean shareholders oust chairman

Transocean Ltd. shareholders have voted out the oil drilling company's chairman and backed one of Carl Icahn's director nominees.

Cyprus drops limits on 8 more foreign banks

Cyprus on Friday got rid of limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.

Business events scheduled for the coming week

TUESDAY, May 21

Gold prices sink for seventh day, near April low

Gold prices fell for a seventh day in a row on Friday, drawn down by a stronger U.S. dollar and better economic news.

Mexico cuts growth outlook from 3.5 to 3.1 percent

The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.

Oil rises above $96 on encouraging economic news

The price of oil rose to $96 a barrel on Friday on hopes that a steady recovery in the U.S. economy could boost fuel use.

Lew tells Congress of steps to avoid debt default

Treasury Secretary Jacob Lew told Congress on Friday that the administration will begin taking steps next week to avoid a default on the nation's debt until Congress votes to raise the government's borrowing limit.