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Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending.
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Business - Wall Street - Investing »
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Lowe's 1Q profit rises, but results miss Street

Michelle Chapman and Mae Anderson, Associated Press  |  posted 56 minutes ago
Lowe's Cos. said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.
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Futures rise; all eyes on the Fed

Associated Press  |  posted May 22nd - 5:44am
U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.
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US auto factories cutting back on summer downtime

Dee-ann Durbin, Associated Press  |  posted May 22nd - 4:37am
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.
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JPMorgan's Dimon survives shareholder referendum

Christina Rexrode, Associated Press  |  posted May 21st - 4:37pm
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members.
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Best Buy reports 1Q loss on restructuring costs

Mae Anderson, Associated Press  |  posted May 21st - 4:34pm
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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Stocks gain on reassurance from a top Fed official

Matthew Craft, Associated Press  |  posted May 21st - 4:26pm
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
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Housing recovery boosts Home Depot 1Q results

Michelle Chapman and Mae Anderson, Associated Press  |  posted May 21st - 4:25pm
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.
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IMF softens views on UK government's policies

Danica Kirka, Associated Press  |  posted May 22nd - 5:04am
The International Monetary Fund has softened its assessment of the British government's economic policies, saying in a report Wednesday that it did well to ease its pace of austerity cuts, but stressing more was needed to support the recovery.
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US auto factories cutting back on summer downtime

Dee-ann Durbin, Associated Press  |  posted May 22nd - 4:22am
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
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US auto factories cutting back on summer downtime

Dee-ann Durbin, Associated Press  |  posted May 21st - 10:02pm
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
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Bernanke testimony to be studied for policy clues

Martin Crutsinger, Associated Press  |  posted May 21st - 10:02pm
When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper _ or increase _ its support for the economy.
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Japan's trade deficit hits $8.6B due to weaker yen

Elaine Kurtenbach, Associated Press  |  posted May 21st - 6:47pm
Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
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Volkswagen to put special fuel caps on diesels

Associated Press  |  posted May 21st - 4:29pm
Volkswagen is replacing the fuel tank covers on more than 200,000 of its diesel vehicles sold in the U.S. and Canada to remind owners to fill their tanks with diesel _ not gasoline.
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Merck to repurchase $5B in common stock

Associated Press  |  posted May 21st - 3:42pm
Merck & Co Inc. said it will repurchase $5 billion worth of its common stock under an accelerated share repurchase agreement with Goldman Sachs & Co.
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JPMorgan Directors Glance: How shareholders voted

The Associated Press  |  posted May 21st - 3:41pm
Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO of the nation's largest bank, keep both his jobs Tuesday. Dimon also received strong support to be re-elected to the bank's board.
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