Nightly Business Report — April 24, 2015

Tonight on Nightly Business Report, Comcast walks away from its $45 billion bid for Time Warner Cable. So what happens next to the companies and the broader industry? And, why the supply of houses on the market may be even tighter than many think.


U.S. stocks closed higher on Friday, with the Nasdaq setting its second record as investors cheered major earnings reports. ( Tweet This ) “It looks to me like the bloodless verdict of the market is earnings are acceptable,” said Maris Ogg, president of Tower Bridge Advisors. Read More Great day for tech, but dollar headwinds persist …

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Just having a retirement savings plan can be enough to make workers feel more confident about retirement planning. But it’s important to regularly check in to make sure you’re on track. New research from the Employee Benefit Research Institute found that retirement confidence is rebounding faster among those with a retirement plan. Only 14 percent …

Andrey Rudakov | Bloomberg | Getty Images
An employee looks out over the illuminated petroleum cracking complex at the Lukoil-Nizhegorodnefteorgsintez oil refinery, operated by OAO Lukoil, in Nizhny Novgorod, Russia.

Sanctions against Russia so far seem to be hobbling its longer-term energy projects, but those sanctions may be tougher to maintain if the conflict stretches on indefinitely. U.S. and international industry officials, in Houston for the annual IHS CERAWeek energy conference, say they are complying with sanctions against Russia for its invasion of Ukraine and …

Andrew Harrer | Bloomberg | Getty Images
A row house for sale in Washington.

The biggest barrier to a more robust spring housing market is simply a lack of listings, and there may be even fewer than we think, at least fewer homes people want to buy. Nearly three-quarters of the homes on the market are “stale,” which is to say that they have sat on the market for …

Terry Vine | Blend Images | Getty Images

This year has already included Silicon Valley’s highest-profile gender discrimination lawsuit and the uproar in Indiana over the Religious Freedom Restoration Act. Inclusion in the corporate world is a priority today, and corporations try to avoid issues of diversity at their own peril. But do companies really embrace it, even when they claim to make …

Peter Foley | Bloomberg | Getty Images
Jeff Bezos, chief executive officer of Inc.

Friday has been a good day for Jeff Bezos. Amazon‘s CEO, who owned 83,933,463 company shares as of Feb. 19, is on track to having a $5 billion day. The company’s stock surged more than $59, or nearly 15 percent, to about $449 a share, according to FactSet. (Tweet This). To put this into perspective, …

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The S&P 500 is rising on Friday, after hitting a fresh all-time high Thursday. But the real action this year has been in the Russell 2000, which has doubled the S&P 500’s performance. As of Friday morning, the small-cap index has climbed 5.4 percent, compared to a meager 2.7 percent gain for the S&P. That …


It’s not just the Nasdaq that reclaimed its post-tech-bubble highs. The Japanese stock market is breaking out as well, hitting levels not seen since 2000. But rather than use the massive rally as an opportunity to get out, one trader still thinks there’s time to get in. On CNBC’s “Trading Nation,” analyst Andrew Keene said …


Comcast Chairman and CEO Brian Roberts said Friday the media giant had made good case for its proposed acquisition of Time Warner Cable. In the end, however it’s “time to move on,” he said. Roberts appeared on CNBC shortly after Comcast called off its plans to acquire Time Warner Cable amid opposition from regulators, particularly …

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Traders work on the floor of the New York Stock Exchange.

U.S. stocks traded mostly higher on Friday on continued momentum from Thursday’s high levels as investors cheered major earnings reports and eyed developments in Greece debt talks. The Nasdaq opened more than 30 points higher, and the S&P held higher, while the Dow traded in negative territory as its top-weighted stocks lagged. The Nasdaq Composite …

Pot for pets

As the legalized pot industry grows, some pot entrepreneurs have found a new niche market: pot for pets.

Trains vs. trucks

There are two very different earnings stories going on in the transportation sector. Morgan Brennan explains.

Google Fiber attracts startups

Google Fiber offers a super-fast internet connection to a small number of locations and it’s not a coincidence that startups are flocking to these cities.

California’s last resort?

California is drying up and as the race to save the state from the epic drought continues, some are looking to the Pacific Ocean for help.