Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.
Stocks fall on news Fed weighed cutting stimulus
Bernard Condon, Associated Press |
posted 25 minutes ago
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in afternoon.
Lowe's 1Q profit rises, but results miss Street
Michelle Chapman and Mae Anderson, Associated Press |
posted 28 minutes ago
Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.
A divided Fed wrestles with when to slow bond buys
Martin Crutsinger, Associated Press |
posted 49 minutes ago
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.
Stocks fall on news Fed weighed cutting stimulus
Steve Rothwell, Associated Press |
posted May 22nd - 2:10pm
Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.
Summary Box: Stocks close lower on Fed fears
The Associated Press |
posted 8 minutes ago
MIXED MESSAGES: Stocks surged in the early going after Fed chairman Ben Bernanke told Congress the central bank was unlikely to pull back from its stimulus programs soon. Then minutes from a Fed meeting were released that suggested other policymakers think a pullback is possible as early as next month, and stocks dropped.
US Treasury bond market at a glance
The Associated Press |
posted 17 minutes ago
Fisher-Price moving, eliminating about 100 NY jobs
Associated Press |
posted 18 minutes ago
Toy maker Fisher-Price says it's moving or eliminating roughly 100 jobs from its New York operations as part of restructuring by parent company Mattel Inc.
Tesla uses stock, note sale to repay government
Associated Press |
posted 57 minutes ago
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.
FDA panel backs experimental Merck insomnia drug
Associated Press |
posted 58 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.
Figures on government spending and debt
Associated Press |
posted May 22nd - 2:18pm
Gold slips on speculation will Fed cut stimulus
The Associated Press |
posted May 22nd - 2:17pm
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.
On top of big salaries, companies pile on perks
Christina Rexrode, Associated Press |
posted May 22nd - 1:54pm
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.
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.
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.
Markets
DJIA
15307.17
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3463.30
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S&P 500
1655.35
-13.81
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