Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.
FedEx 4Q profit drops as priority services lag
David Koenig, Associated Press |
posted 28 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.
Men's Wearhouse ousts founder, pitchman Zimmer
Anne D'innocenzio, Associated Press |
posted Jun 19th - 4:23pm
Men's Wearhouse doesn't like the way its founder looks anymore.
Stocks slide as Fed says bond purchases could slow
Steve Rothwell, Associated Press |
posted Jun 19th - 3:46pm
Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of 2014.
Car quality dinged by tech glitches, survey finds
Dee-ann Durbin, Associated Press |
posted Jun 19th - 3:16pm
Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail.
Fed's moves to aid economy since financial crisis
The Associated Press |
posted 8 minutes ago
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.
Bluebird Bio shares rocket higher in trading debut
Associated Press |
posted 9 minutes ago
Shares of gene therapy developer Bluebird Bio Inc. surged in their trading debut.
News Summary: Men's Wearhouse ousts founder
The Associated Press |
posted Jun 19th - 4:04pm
THE NEWS: Men's Wearhouse Inc. says Wednesday it dismissed its founder and executive chairman George Zimmer, who appeared in many of its TV commercials with the slogan, "You're going to like the way you look. I guarantee it."
US Treasury bond market at a glance
The Associated Press |
posted Jun 19th - 3:28pm
News Summary: Dow slides 206 points on Fed
The Associated Press |
posted Jun 19th - 3:23pm
EASING BACK: Stocks slid and bond yields rose sharply after Federal Reserve Chairman Ben Bernanke said the central bank could start to pull back on its bond purchases later this year if the economy improves enough, and end the program by mid-2014.
La-Z-Boy, Adobe, Tetra Tech are big movers
The Associated Press |
posted Jun 19th - 3:20pm
Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:
GAO says airline merger would reduce competition
David Koenig, Associated Press |
posted Jun 19th - 3:11pm
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.
5 points to know about the health care overhaul
Tom Murphy, Associated Press |
posted Jun 19th - 3:05pm
Still a little hazy about the health care overhaul? You have plenty of company.
5 points to know about the health care overhaul
Tom Murphy, Associated Press |
posted Jun 19th - 3:05pm
Still a little hazy about the health care overhaul? You have plenty of company.
Gold and grain futures higher
The Associated Press |
posted Jun 19th - 2:51pm
Gold ended higher and grain contracts climbed in Wednesday trading.
Markets
DJIA
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Nasdaq
3443.20
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S&P 500
1628.93
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CNBC Top Headlines
Microsoft Buckles, Sets XBox One Free
Wed, 19 Jun 2013 22:13 GMT
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Wed, 19 Jun 2013 21:02 GMT
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CNNMoney.com Headlines
Chinese billionaire buys 007's yacht maker
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Wed, 19 Jun 2013 18:56:20 EDT
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Wed, 19 Jun 2013 16:06:03 EDT
J.D. Power ranks GM tops in quality for first time
Wed, 19 Jun 2013 15:27:11 EDT
NYTimes.com Biz News
Economix Blog: Reaction to the Fed Announcement
Wed, 19 Jun 2013 22:51:20 GMT
Monitor Finds Mortgage Lenders Still Falling Short of Settlement’s Terms
Wed, 19 Jun 2013 22:16:56 GMT
Detroit’s Finances Cast a Shadow Over a Prized Car Collection
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Michael Hastings, Award-Winning Journalist, Dies at 33
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Wed, 19 Jun 2013 21:54:10 GMT
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