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

	Click to View in Browser 04/23/2014 Facebook first-quarter revenue grows 72 percent on rising mobile ads SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business continued to accelerate in the first three months of the year, helping the Internet social networking company top Wall Street's revenue target. U.S. new home sales hint at prolonged housing weakness WASHINGTON (Reuters) - 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. Apple expands buybacks by $30 billion, OKs seven-for-one stock split SAN FRANCISCO (Reuters) - Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while broadening the stock's appeal to individual investors. Wall Street slips; six-session winning streak ends NEW YORK (Reuters) - U.S. stocks dipped on Wednesday to snap a six-session winning streak as gains in Boeing and Gilead were offset by slides in AT&T and the wider biotech sector. Buffett says abstained from voting on Coca-Cola's compensation plan (Reuters) - Warren Buffett, chairman of conglomerate Berkshire Hathaway , on Wednesday said he thinks Coca-Cola's controversial equity compensation plan was excessive, but that Berkshire Hathaway abstained in the shareholders vote. Qualcomm's second-quarter revenue misses estimates SAN FRANCISCO (Reuters) - Qualcomm Inc posted fiscal second-quarter revenue on Wednesday that missed expectations as it wrestles with a smartphone market that is losing steam and shifting to China, sending its shares lower. Zynga's Pincus withdraws further from operations SAN FRANCISCO (Reuters) - Zynga Inc co-founder Mark Pincus will relinquish the last of his operational duties at the social gaming company starting Wednesday, taking on an advisory role as chief executive Don Mattrick pushes through a restructuring plan. U..S consumer bureau to test electronic mortgage closings WASHINGTON (Reuters) - Borrowers seeking to buy a new home say they often do not have time to read final mortgage documents and sometimes find mistakes in their paperwork, the U.S. consumer watchdog said in a report on Wednesday. Strong U.S. defense firm profits defy regular gloomy warnings WASHINGTON (Reuters) - U.S. arms makers complain regularly that lower Pentagon spending on ships, jets and other hardware will hit their earnings, but a string of better-than-expected results this week show that layoffs and cost-cutting have kept profits flowing, and growing. Boeing cash register rings again, sending shares higher (Reuters) - Rising jet production helped Boeing Co generate substantial cash in the latest quarter, and the company said on Wednesday that it lavished the rewards on shareholders, sending its stock higher. Related Video Obama, Japan's Abe dine at venerable sushi restaurant U.S. troops to Poland as truce falters Economic News U.S. new home sales hint at prolonged housing weakness U.S., euro zone activity up; China decline slows A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend