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Apple shares reach 2014 highs, Asian stocks lag

SYDNEY - Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer on the news.

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Facebook first-quarter revenue grows 72 percent on rising mobile ads

SAN FRANCISCO - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets.

Tech, Facebook 23 Apr 2014

Exclusive: Marubeni says Chinese authorities detain three staff at grain unit

TOKYO/BEIJING - Three employees at one of Marubeni Corp's grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move sources told Reuters was prompted by allegations the unit evaded taxes on soy bean imports.

China, Japan 23 Apr 2014

U.S. new home sales hint at prolonged housing weakness

WASHINGTON - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dashing hopes for a quick turnaround for a sector that fell into a soft patch last summer.

23 Apr 2014

Wal-Mart says former CEO Scott to retire from board

- Wal-Mart Stores Inc said former Chief Executive Officer Lee Scott and board member Chris Williams will not stand for re-election to the retailer's board.

23 Apr 2014

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