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.
Futures slump in wake of Fed statement
Associated Press |
posted Jun 20th - 5:46am
Stock futures are sliding in the wake of comments by the chairman of the Federal Reserve, who said that the U.S. would pull back on the massive bond-buying program that for months has propped up markets at home and abroad.
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.
Stocks slide as Fed says bond purchases could slow
Steve Rothwell, Associated Press |
posted Jun 19th - 9:07pm
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 next.
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.
Fed suggests it's closer to slowing bond purchases
Martin Crutsinger, Associated Press |
posted Jun 19th - 4:54pm
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 Jun 19th - 4:54pm
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.
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.
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.
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.
Bluebird Bio shares rocket higher in trading debut
Associated Press |
posted Jun 19th - 5:13pm
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."
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