The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.
US rate on 30-year mortgages rises to 3.59 pct.
Marcy Gordon, Associated Press |
posted 40 minutes ago
Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
Stocks mixed as investors reassess Fed worries
Steve Rothwell, Associated Press |
posted May 23rd - 10:37am
Investors recovered their poise by midday Thursday after an early sell-off sent stocks sharply lower.
US new home sales up 2.3 percent in April
Martin Crutsinger, Associated Press |
posted May 23rd - 10:24am
U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.
Ralph Lauren's 4Q profit rises 35 pct
Anne D'innocenzio, Associated Press |
posted May 23rd - 10:05am
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.
Oil falls on concerns for China demand, Fed policy
The Associated Press |
posted May 23rd - 10:00am
The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy.
US stock market recovers most of an early loss
The Associated Press |
posted May 23rd - 9:55am
Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.
Snapple co-founder Leonard Marsh dies at 80
The Associated Press |
posted 8 minutes ago
Leonard Marsh _ the co-founder of the Snapple beverage brand _ has died at age 80.
McDonald's can't shake criticism about nutrition
Candice Choi, Associated Press |
posted 17 minutes ago
McDonald's once again faced criticism that it's a purveyor of junk food that markets to children at its annual shareholder meeting Thursday.
Kerry Kennedy, farmworker protest Wendy's in NYC
Associated Press |
posted 18 minutes ago
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in New York City.
Shareholder adviser firm paying $300,000 fine
Marcy Gordon, Associated Press |
posted 41 minutes ago
A prominent firm in the business of advising big shareholders on how to vote in elections for company directors is paying a $300,000 fine to settle federal civil charges of failing to protect clients' confidential voting information.
Kerry Kennedy, farmworker protest Wendy's in NYC
Associated Press |
posted May 23rd - 11:26am
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in New York City.
Rue21 agrees to go private in nearly $1B deal
Associated Press |
posted May 23rd - 9:58am
Clothing and accessories company Rue21 has agreed to be taken private in nearly $1 billion deal with private equity firm Apax Partners.
CEO Pay: It's good to be in health care
The Associated Press |
posted May 23rd - 9:33am
Here's a look at median CEO pay by industry last year, as calculated by executive pay research firm Equilar. For the fourth time in five years, health care CEOs got the most pay and utilities CEOs got the least.
CEO raises, pay cuts; What a change 1 year makes
The Associated Press |
posted May 23rd - 9:33am
Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press.
Say on pay: Shareholders rarely reject CEO pay
The Associated Press |
posted May 23rd - 9:31am
Big U.S. companies are required to offer their shareholders a "say on pay" vote _ essentially, a chance to weigh in on whether they think the CEO and other top executives are getting paid too much.
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