Target's 1Q profit drops 29 pct on weak sales
Anne D'innocenzio, Associated Press |
posted 2 minutes ago
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.
Lowe's 1Q profit rises, but results miss Street
Michelle Chapman and Mae Anderson, Associated Press |
posted 8 minutes ago
Lowe's 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.
A divided Fed wrestles with when to slow bond buys
Martin Crutsinger, Associated Press |
posted 29 minutes ago
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.
Tesla uses stock, note sale to repay government
Associated Press |
posted 36 minutes ago
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.
FDA panel backs experimental Merck insomnia drug
Associated Press |
posted 37 minutes ago
A federal panel of medical experts says that an experimental insomnia drug from Merck & Co Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.
JC Penney secures bigger-than-expected $2.25B loan
Anne D'innocenzio, Associated Press |
posted 46 minutes ago
J.C. Penney says it has secured a $2.25 billion loan, $500 million more than it had expected.
Figures on government spending and debt
Associated Press |
posted May 22nd - 2:18pm
Gold slips on speculation will Fed cut stimulus
The Associated Press |
posted May 22nd - 2:17pm
Gold prices sank Wednesday as traders weighed the possibility that the Federal Reserve will start paring back its support for the economy in the coming months.
On top of big salaries, companies pile on perks
Christina Rexrode, Associated Press |
posted May 22nd - 1:54pm
Wynn Resorts kept a suite open all year at its tony Las Vegas hotel and casino for founder and CEO Steve Wynn, at a cost of nearly $452,000.
Wal-Mart hires Hill & Knowlton executive
Anne D'innocenzio, Associated Press |
posted May 22nd - 1:48pm
Wal-Mart Stores Inc. named Dan Bartlett, most recently president and CEO of the U.S. arm of global business advisory firm Hill & Knowlton Strategies, as its new executive vice president of corporate affairs.
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