Fed says it will continue $85B in bond purchases
Martin Crutsinger, Associated Press |
posted 4 minutes ago
The Federal Reserve says it will maintain the pace of its program to keep long-term interest rates at record lows, but offered a slightly more optimistic outlook for the U.S. economy and job market.
Fed foresees lower US unemployment rate
Christopher S. Rugaber, Associated Press |
posted 5 minutes ago
The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March.
Correction: Dish-Sprint story
Associated Press |
posted 7 minutes ago
In a story June 18 about Dish Network Corp.'s announcement that it will not submit a revised bid to purchase Sprint Nextel Corp., The Associated Press reported erroneously that Softbank's competing bid for Sprint falls short of Dish's. In fact, the two offers are not directly comparable. Softbank is offering $21.6 billion for a 78 percent stake in Sprint. Dish is proposing to buy all of Sprint for $25.5 billion.
FedEx 4Q profit drops as priority services lag
David Koenig, Associated Press |
posted 8 minutes ago
FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.
Brand rankings in 2013 quality survey
The Associated Press |
posted 18 minutes ago
J.D. Power and Associates released its ranking of initial quality in 2013 model-year vehicles Wednesday. Here's how the brands stacked up, along with their problems per 100 vehicles and how much they moved up or down in the rankings from last year.
Top performing models in 2013 auto quality survey
The Associated Press |
posted 20 minutes ago
J.D. Power and Associates released its annual survey of vehicle quality Wednesday. The survey asked drivers about problems with 2013 model-year vehicles in the first 90 days of ownership.
United Tech sees possible impact from court order
Stephen Singer, Associated Press |
posted 42 minutes ago
A federal court order that United Technologies Corp. pay $473 million plus interest to compensate for alleged fraud in its sale of fighter jet engines could cut into revenue and profit, the aerospace giant said in a regulatory filing.
Men's Wearhouse ousts founder, pitchman Zimmer
Anne D'innocenzio, Associated Press |
posted Jun 19th - 11:02am
Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore.
Porsche tops in annual survey of vehicle quality
Associated Press |
posted Jun 19th - 11:01am
Porsche is the top performer in an annual survey of new vehicle quality.
Oil little changed before Fed's Bernanke speaks
The Associated Press |
posted Jun 19th - 10:17am
The price of oil was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke.
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