Kroger raises outlook on stronger 1Q profit
Associated Press |
posted 5 minutes ago
Kroger has raised its outlook for the year after the country's largest traditional supermarket chain reported a stronger fiscal first-quarter profit that beat Wall Street expectations.
Weekly US jobless aid applications rise to 354K
Christopher S. Rugaber, Associated Press |
posted 29 minutes ago
Applications for U.S. unemployment benefits rose by 18,000 last week to a seasonally adjusted 354,000. Despite the gain, the level remains consistent with moderate job growth.
Oil falls below $97 on likely Fed tapering
Pablo Gorondi, Associated Press |
posted 38 minutes ago
Oil prices fell sharply Thursday, to below $97 a barrel, a day after the U.S. Federal Reserve indicated it could begin to wind down its massive stimulus program later this year, providing the U.S. economy remains on the upswing.
How states fared on unemployment benefit claims
The Associated Press |
posted 49 minutes ago
U.S. unemployment benefit applications rose 18,000 to a seasonally adjusted 354,000 last week. Despite the gain, the level remains consistent with moderate job growth.
Kodak secures up to $895M in financing
Associated Press |
posted Jun 20th - 6:30am
Kodak says it's secured as much as $895 million to fund its operations after it emerges from bankruptcy protection.
Bernanke clarifies Fed plan to cut bond purchases
Paul Wiseman and Martin Crutsinger, Associated Press |
posted Jun 20th - 4:22am
A muddled message from the Federal Reserve has rattled investors for weeks.
GAO says airline merger would reduce competition
David Koenig, Associated Press |
posted Jun 19th - 7:58pm
A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.
Men's Wearhouse ousts founder, pitchman Zimmer
Men's Wearhouse doesn't like the way its founder looks anymore. The men's clothier said Wednesday that it fired executive chairman and face of the company George Zimmer, 64, who has appeared in many of its TV commercials.
How Fed policymakers affect the economy
The Associated Press |
posted Jun 19th - 5:22pm
The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy.
Fed's moves to aid economy since financial crisis
The Associated Press |
posted Jun 19th - 5:14pm
The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at a record low near zero since December 2008.
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