Lowe's 1Q profit rises, but results miss Street
Michelle Chapman and Mae Anderson, Associated Press |
posted 4 minutes ago
Lowe's Cos. 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.
Target's 1Q profit drops 26 pct on weak sales
Anne D'innocenzio, Associated Press |
posted 25 minutes ago
Target Corp. is reporting a 26 percent drop in first-quarter profits as cool temperatures and financial pressures limited customers' appetite for spending.
IMF softens views on UK government's policies
Danica Kirka, Associated Press |
posted May 22nd - 5:04am
The International Monetary Fund has softened its assessment of the British government's economic policies, saying in a report Wednesday that it did well to ease its pace of austerity cuts, but stressing more was needed to support the recovery.
US auto factories cutting back on summer downtime
Dee-ann Durbin, Associated Press |
posted May 22nd - 4:37am
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.
US auto factories cutting back on summer downtime
Dee-ann Durbin, Associated Press |
posted May 22nd - 4:22am
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
US auto factories cutting back on summer downtime
Dee-ann Durbin, Associated Press |
posted May 21st - 10:02pm
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
Bernanke testimony to be studied for policy clues
Martin Crutsinger, Associated Press |
posted May 21st - 10:02pm
When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper _ or increase _ its support for the economy.
Japan's trade deficit hits $8.6B due to weaker yen
Elaine Kurtenbach, Associated Press |
posted May 21st - 6:47pm
Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.
JPMorgan's Dimon survives shareholder referendum
Christina Rexrode, Associated Press |
posted May 21st - 4:37pm
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members.
Best Buy reports 1Q loss on restructuring costs
Mae Anderson, Associated Press |
posted May 21st - 4:34pm
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.
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