- Wall St. opens higher ahead of Bernanke Reuters - 30 mins ago
By Rodrigo Campos NEW YORK (Reuters) - Stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben … More »Wall St. opens higher ahead of Bernanke
By Rodrigo Campos NEW YORK (Reuters) - Stocks edged higher at the open on Wednesday, ahead of highly anticipated testimony in Congress by Federal Reserve Chairman Ben Bernanke on the economy and monetary policy. Bernanke is expected to strike a dovish tone when he addresses a congressional committee at 10:00 a.m. EDT (1400 …
- Clearwire recommends vote for revised Sprint bid Reuters - 50 mins ago
NEW YORK (Reuters) - Clearwire Corp said on Wednesday its special committee and its board of directors approved majority shareholder Sprint Nextel Corp's revised offer … More »Clearwire recommends vote for revised Sprint bid
NEW YORK (Reuters) - Clearwire Corp said on Wednesday its special committee and its board of directors approved majority shareholder Sprint Nextel Corp's revised offer to take over the company and advised investors to vote for the deal. Wireless service provider Clearwire announced the decision just a day after Sprint raised …
- Target cuts full-year forecast after weak first quarter Reuters - 38 mins ago
By Jessica Wohl (Reuters) - Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start … More »Target cuts full-year forecast after weak first quarter
By Jessica Wohl (Reuters) - Target Corp cut its full-year profit forecast on Wednesday while turning in a weak first quarter with disappointing sales, as a chilly start to spring kept shoppers from buying seasonal items like clothing. Target warned in April its first-quarter results would be weaker than anticipated, and …
- Too soon to dial back Fed stimulus: Dudley Reuters - 2 hrs 59 mins ago
(Reuters) - It is too soon to determine whether to dial down the Federal Reserve's massive bond-buying program, and the economic picture may not be clear enough to make … More »Too soon to dial back Fed stimulus: Dudley
(Reuters) - It is too soon to determine whether to dial down the Federal Reserve's massive bond-buying program, and the economic picture may not be clear enough to make that decision for another three or four months, an influential U.S. central bank official said. New York Fed President William Dudley, a close ally of Chairman …
- Toll Brothers profit rises 46 percent Reuters - 3 hrs ago
(Reuters) - Toll Brothers Inc posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices, indicating that the … More »Toll Brothers profit rises 46 percent
(Reuters) - Toll Brothers Inc posted a 46 percent rise in quarterly profit as the largest U.S. luxury homebuilder sold more homes at higher prices, indicating that the housing recovery is spreading across the industry. Record-low interest rates and rising rents have encouraged people to buy homes. Ground-breaking to build …
- State-backed UK banks gain approval for capital plans Reuters - 42 mins ago
By Matt Scuffham LONDON (Reuters) - State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the … More »State-backed UK banks gain approval for capital plans
By Matt Scuffham LONDON (Reuters) - State-backed British lenders Lloyds Banking Group and Royal Bank of Scotland have agreed plans to shore up their capital with the financial regulator, removing a barrier to the government offloading its shares. The regulator said on Wednesday it had finalized capital requirements for …
- The Irish loophole behind Apple's low tax bill Reuters - 1 hr 47 mins ago
By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps … More »The Irish loophole behind Apple's low tax bill
By Tom Bergin LONDON (Reuters) - Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs. A U.S. Senate investigation revealed Tuesday that Apple, maker of iPhones, iPads and Mac …
- Bernanke signals Fed to maintain stimulus efforts AP - 10 mins ago
WASHINGTON (AP) — Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary … More »Bernanke signals Fed to maintain stimulus efforts
WASHINGTON (AP) — Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.
- Lowe's 1Q profit rises, but results miss Street AP - 1 hr 56 mins ago
NEW YORK (AP) — 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 … More »Lowe's 1Q profit rises, but results miss Street
- Stocks edge higher as investors watch the Fed AP - 23 mins ago
NEW YORK (AP) — Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve. More »Stocks edge higher as investors watch the Fed
NEW YORK (AP) — Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve.
- Official: Treasury played no role in IRS targeting AP - 22 mins ago
WASHINGTON (AP) — The Treasury Department's No. 2 official told Congress on Wednesday that his agency played no role in the Internal Revenue Service's targeting of conservative … More »Official: Treasury played no role in IRS targeting
- Target's 1Q profit drops 26 pct on weak sales AP - 55 mins ago
NEW YORK (AP) — Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending … More »Target's 1Q profit drops 26 pct on weak sales
- US auto factories cutting back on summer downtime AP - 3 hrs ago
DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing … More »US auto factories cutting back on summer downtime
- Trial for captain in deadly shipwreck in Italy AP - 47 mins ago
ROME (AP) — An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast of Tuscany, … More »Trial for captain in deadly shipwreck in Italy
- Investors edgy ahead of Bernanke testimony AP - 3 hrs ago
LONDON (AP) — Investors were edgy Wednesday ahead of the appearance of U.S. Federal Reserve chairman Ben Bernanke before lawmakers in Congress. More »Investors edgy ahead of Bernanke testimony
- Iceland forms new center-right government AP - 2 hrs 8 mins ago
REYKJAVIK, Iceland (AP) — Progressive Party leader Sigmundur David Gunnlaugsson has been chosen as Iceland's new prime minister. More »Iceland forms new center-right government
REYKJAVIK, Iceland (AP) — Progressive Party leader Sigmundur David Gunnlaugsson has been chosen as Iceland's new prime minister.
- Apple case seen as possible spur to tax action AP - 9 hrs ago
WASHINGTON (AP) — Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on … More »Apple case seen as possible spur to tax action
- Photos: Frank Lloyd Wright Homes For Sale @ ABC News - Fri, May 17, 2013
Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic … More »Photos: Frank Lloyd Wright Homes For Sale
Frank Lloyd Wright may have died in 1959, but his architecture is alive and well. A recent story in the Wall Street Journal revealed the cost to upkeep some of his historic homes may be more than buyers bargain for, but others clamor to invest in history.
- Martha Stewart Case Judge Ruling Favors JCP @ ABC News - Fri, Apr 12, 2013
The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores. … More »Martha Stewart Case Judge Ruling Favors JCP
The judge presiding over the lawsuit against Martha Stewart and J.C. Penney ruled on Friday allowing the sale of Martha Stewart merchandise in J.C. Penney stores.
- Couple Finds $100,000 in Safe Deposit Box @ ABC News - Fri, Apr 12, 2013
An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, … More »Couple Finds $100,000 in Safe Deposit Box
An elderly couple in Brooklyn, N.Y., found a huge pile of cash–what they reckon was $100,000–in cash in a bank’s safe deposit box. Joe Valinoti, 82, and his companion, Kathleen Ricigliano, 81, said they opened a safe deposit box account with Sovereign Bank in February....
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