Business Today: Wall Steert gains on Yellen comments and Yahoo; BofA falls

	Click to View in Browser 04/16/2014 Wall Steert gains on Yellen comments and Yahoo; BofA falls NEW YORK (Reuters) - U.S. stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied. Google first-quarter revenue misses Wall Street targets SAN FRANCISCO (Reuters) - Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, pushing its shares sharply lower. IBM revenue misses estimates as hardware sales fall (Reuters) - International Business Machines Corp reported lower-than-expected quarterly revenue as the company struggles with falling demand for its storage and server products. American Express profit rises 12 percent (Reuters) - American Express Co reported a 12 percent rise in quarterly profit as its credit-card customers spent more in a recovering U.S. economy. U.S. industry shows some vigor, but housing soft WASHINGTON (Reuters) - U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum. Yellen says full U.S. employment coming into view, slowly NEW YORK (Reuters) - Federal Reserve Chair Janet Yellen said on Wednesday the U.S. economy appeared to be slowly moving toward full employment, but that it would need help from the central bank for some time to come. BlackBerry's meltdown sparks start-up boom in Canada's Silicon Valley (Reuters) - The troubles at BlackBerry Ltd, which fired more than half its staff and lost more than 90 percent of its market value as consumers shunned its smart phones, might have spelled disaster for the company's hometown of Waterloo, Ontario. Instead, there are hot sports cars in the streets and new companies filling the refurbished office buildings. Bank of America's mortgage crisis costs become a recurring problem (Reuters) - Bank of America Corp's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items. Lululemon's status as yogawear's top dog at risk NEW YORK (Reuters) - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands. AT&T threatens to sit out U.S. spectrum auction over rules WASHINGTON (Reuters) - AT&T Inc has threatened to sit out a major U.S. auction of airwaves if regulators reserve some of the spectrum for smaller rivals, the No. 2 wireless company said in a filing released on Wednesday. Related Video BlackBerry: the crash that launched 1,000 startups Tesco CEO defies pressure to quit Economic News Yellen says full U.S. employment coming into view, slowly U.S. industry shows some vigor, but housing soft 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