Kennecott issues another round of layoffs
Dennis Romboy |
posted 7 minutes ago
Kennecott Utah Copper laid off an unspecified number of employees Thursday as a result of a massive landslide that crippled the mine last month.
Ralph Lauren's 4Q profit rises 35 pct
Anne D'innocenzio, Associated Press |
posted 32 minutes ago
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.
Stocks edge lower as investors reassess Fed fears
Steve Rothwell, Associated Press |
posted 42 minutes ago
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.
Why worry? Less aid by Fed would point to recovery
Paul Wiseman, Associated Press |
posted May 23rd - 3:27pm
Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected.
Pepper your wardrobe with 'Gatsby' glitz for less
Anne D'innocenzio, Associated Press |
posted May 23rd - 3:26pm
Baz Luhrmann's big screen adaption of "The Great Gatsby" is shining a spotlight on Roaring Twenties glam fashions, from drop-waist dresses and head scarves to crisp bow ties and spectator shoes. But you don't need a wallet the size of Jay Gatsby's to get the look.
Procter & Gamble brings back A.G. Lafley as CEO
Associated Press |
posted 4 minutes ago
Procter & Gamble says it is replacing CEO Bob McDonald with former CEO A.G. Lafley, effective immediately.
Money market fund assets rose to $2.601 trillion
The Associated Press |
posted 14 minutes ago
Total U.S. money market mutual fund assets rose $19.53 billion to $2.601 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Campbell buying Plum Organics baby food maker
Candice Choi, Associated Press |
posted 16 minutes ago
Campbell Soup said it's buying Plum Organics, which makes food for babies and kids, for an undisclosed amount as it looks to move into faster-growing categories.
Marathon Oil says talks end on possible stake sale
Associated Press |
posted 36 minutes ago
Marathon Oil said Thursday that talks on a potential sale of part of its stake in the Athabasca Oil Sands Project in Canada have ended.
McDonald's can't shake criticism about nutrition
Candice Choi, Associated Press |
posted 47 minutes ago
McDonald's once again faced criticism that it's a purveyor of junk food that markets to children at its annual shareholder meeting Thursday _ including some sharp remarks from a 9-year-old girl.
Summary Box: Stocks recover from an early swoon
The Associated Press |
posted 52 minutes ago
UPS AND DOWNS: Stocks plunged at the opening of trading but recovered by midday. A rout overseas and in the early going on Wall Street was set off by a slowdown in China and worries that the Federal Reserve might slow down its bond purchases. By the afternoon the U.S. market had recouped nearly all of its loss.
Wheat gains on overseas demand
The Associated Press |
posted 57 minutes ago
The price of wheat rose by the most in two weeks Thursday after the U.S. government reported strong demand for the grain from overseas buyers.
How the Dow Jones industrial average fared
The Associated Press |
posted May 23rd - 3:38pm
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. The dip gave investors who missed this year's stock market surge an opportunity to get into the market, and by midday stocks had recouped most of their early losses. The Dow was down as much as 127 points.
Merck ends development of Parkinson's disease drug
Associated Press |
posted May 23rd - 3:31pm
Merck & Co. says it is ending development of an experimental Parkinson's disease drug because the drug wasn't working.
GM aims new Chevy Cruze diesel at Volkswagen Jetta
Tom Krisher, Associated Press |
posted May 23rd - 3:30pm
The marketing people at Chevrolet make no secret of the goal for the new diesel version of the Chevrolet Cruze: Take sales from Volkswagen.
Markets
DJIA
15294.50
-12.67
Nasdaq
3459.42
-3.88
S&P 500
1650.51
-4.84
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