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A divided Fed wrestles with when to slow bond buys

Martin Crutsinger, Associated Press  |  posted 1 minutes ago
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.
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Tesla uses stock, note sale to repay government

Associated Press  |  posted 8 minutes ago
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.
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FDA panel backs experimental Merck insomnia drug

Associated Press  |  posted 9 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.
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JC Penney secures bigger-than-expected $2.25B loan

Anne D'innocenzio, Associated Press  |  posted 18 minutes ago
J.C. Penney says it has secured a $2.25 billion loan, $500 million more than it had expected.
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Figures on government spending and debt

Associated Press  |  posted 33 minutes ago
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Gold slips on speculation will Fed cut stimulus

The Associated Press  |  posted 34 minutes ago
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.
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On top of big salaries, companies pile on perks

Christina Rexrode, Associated Press  |  posted 57 minutes ago
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.
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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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Iceland forms center-right govt, halts EU talks

Jenna Gottlieb, Associated Press  |  posted May 22nd - 1:45pm
The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc.
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How The AP and Equilar calculate CEO pay

The Associated Press  |  posted May 22nd - 1:32pm
For its annual survey of CEO pay, The Associated Press uses data provided by Equilar, an executive pay research firm.
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