Summary Box: Stocks close lower on Fed fears
The Associated Press |
posted 1 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 10 minutes ago
Fisher-Price moving, eliminating about 100 NY jobs
Associated Press |
posted 11 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.
Target's 1Q profit drops 29 pct on weak sales
Anne D'innocenzio, Associated Press |
posted 16 minutes ago
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.
Lowe's 1Q profit rises, but results miss Street
Michelle Chapman and Mae Anderson, Associated Press |
posted 21 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 43 minutes ago
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.
Tesla uses stock, note sale to repay government
Associated Press |
posted 50 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 51 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.
JC Penney secures bigger-than-expected $2.25B loan
Anne D'innocenzio, Associated Press |
posted May 22nd - 2:33pm
J.C. Penney says it has secured a $2.25 billion loan, $500 million more than it had expected.
Figures on government spending and debt
Associated Press |
posted May 22nd - 2:18pm
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