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.
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.
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."
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:
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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S&P 500
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