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News Summary: J&J predicts surge of new medicines

The Associated Press  |  posted 3 minutes ago
BIG PLANS: Johnson & Johnson says it's poised by 2017 to seek regulatory approval for a dozen new medicines and two dozen variations of existing ones.
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Sears reports bigger-than-expected 1Q loss

Michelle Chapman and Anne D'innocenzio, Associated Press  |  posted 12 minutes ago
Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter as the beleaguered retailer struggles to turn itself around.
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Figures on government spending and debt

Associated Press  |  posted 14 minutes ago
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Gap's 1st-quarter profits rises 43 percent

Anne D'innocenzio, Associated Press  |  posted 18 minutes ago
After years of struggling, Gap is back in style.
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Pepper your wardrobe with 'Gatsby' glitz for less

Anne D'innocenzio, Associated Press  |  posted 25 minutes ago
Baz Luhrmann's big screen adaption of "The Great Gatsby" is shining a spotlight on Roaring Twenties glam fashions, from drop-waist dresses and head scarves to crisp bow ties and spectator shoes. But you don't need a wallet the size of Jay Gatsby's to get the look.
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Muni bond investors on edge over tax proposal

Mark Jewell, Associated Press  |  posted 37 minutes ago
Municipal bonds continue to provide a reliable refuge from stock market volatility and a steady source of tax-free income.
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Wheat gains on overseas demand

The Associated Press  |  posted 42 minutes ago
The price of wheat is rising by the most in two weeks after a U.S. government report showed strong demand for the grain from overseas buyers.
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J&J expects 10-plus new drug applications by 2017

Linda A. Johnson, Associated Press  |  posted 46 minutes ago
Johnson & Johnson is developing what could eventually be game-changing treatments for depression and pain, and it's aiming to apply for approval of more than 10 new medicines by 2017, executives said Thursday during a review of the health care giant's medicine business.
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Big stores nix credit card settlement, file suit

Associated Press  |  posted 48 minutes ago
Some of the country's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged fee-fixing.
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News Summary: US mortgage rates up, but still low

The Associated Press  |  posted May 23rd - 1:36pm
RATES RISE: Average U.S. rates on fixed mortgages rose this week to their highest levels since mid-March. Even with the gains, they remained close to historic lows.
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