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.
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.
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.
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.
US auto factories cutting back on summer downtime
Dee-ann Durbin, Associated Press |
posted May 21st - 11:10pm
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.
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.
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.
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.
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.
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.
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.
US Treasury bond market at a glance
The Associated Press |
posted May 21st - 3:25pm
Summary Box: Stocks close higher on hopes for Fed
The Associated Press |
posted May 21st - 3:15pm
FED WATCH: Stock indexes wobbled in early trading Tuesday, then turned higher just before noon. That's when news crossed that James Bullard, a Federal Reserve official, told an audience that the Fed should stick with its bond-buying effort to bolster the economy.
Best Buy, Carnival, Saks are big movers
The Associated Press |
posted May 21st - 3:13pm
Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:
Markets
DJIA
15387.58
+52.30
Nasdaq
3502.12
0.00
S&P 500
1669.16
+2.87
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