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Stocks regain ground after biggest drop of the yearStocks finished the week with an advance Friday after a two-day plunge, suggesting that perhaps Wall Street will be successfully weaned from the Federal Reserve's easy money after all. That money has helped push stocks upward over the past four years.
Mortgage rates edge down after seven-week riseMortgage rates for a 30-year loan remain below 4 percent for now. But mortgage rates are expected to rise in response to Fed's intention to reduce bond purchases later this year.
Stocks in tailspin as China adds to Federal Reserve worriesStocks plunged Thursday continuing the flight from stocks and bonds as traders reacted to news that the Federal Reserve could end its massive bond-buying program.聽A slowdown in Chinese manufacturing added to Wall Street's worries.
Paula Deen lawsuit: How often does she use the 'N' word?Paula Deen lawsuit: A former Paula Deen employee has filed a lawsuit saying she worked in a hostile environment rife with innuendo and racial slurs. Asked if she ever used the 'N' word, Paula Deen said "Of course."- Beef recall: National Beef product could contain E.coliBeef recall involves 23,000 pounds of raw ground beef that may contain E.coli. The beef recall affects 12 states that received ground beef from Kansas facility聽owned by National Beef Packing Company.
Men's Wearhouse fires founder: Is Zimmer's career over?George Zimmer founded the men's clothier and led it to significant growth over four decades: from one store in Texas to 1,143 locations. Even so, the company's board has abruptly fired him. According to his contract, he will continue to be compensated for appearing in the company's ads and marketing.
Men's Wearhouse ousts founder, ad star George ZimmerMen's Wearhouse has ousted its founder and executive chairman George Zimmer, who also starred in the company's television commercials with the famous tagline, 'You're going to like the way you look. I guarantee it.' Men's Wearhouse stock plunged on the news of Zimmer's exit.聽
Stocks move higher as Federal Reserve looms largeStocks closed higher Tuesday as investors waited on word from Federal Reserve聽Chairman Ben Bernanke. The central bank will discuss the fate of its economic stimulus program on Wednesday. Many say stocks are in a holding pattern until then.
787 Dreamliner: Boeing gets orders for new stretch model787 Dreamliner stretch, just announced, nets Boeing new business. Boeing announces orders for 102 of the longer 787 Dreamliners.
Kate Middleton's royal baby might be worth $400 million (to the British economy)Royal baby booties, sleepsuits, and other royally adorable products could add up to big business for private retailers as well as the Royal Collection Trust.
Kate Spade and eBay roll out a miracle of modern shoppingKate Spade Saturday products will launch the newest retail revolution: 'shoppable windows.' Click on a window (a real one, attached to a building) and a courier delivers your Kate Spade merchandise within the hour.
N.J. flight: Man yells he'll be poisoned. Gets tackled, bound.N.J. flight from Hong Kong is met by FBI agents, who take away man whose rant about the CIA, international spying, and poison alarmed passengers so much they subdued him in flight. Despite the disruption, United Airlines continued the flight to Newark, N.J., international airport. 聽
Stocks up ahead of Federal Reserve meetingStocks closed higher Monday as traders hoped the Federal Reserve will decide to continue its economic stimulus program when it meets this week. The guess that the Federal Reserve will continue to prop up the economy sent stocks up.
7-Eleven raids target 14 stores harboring illegal immigrants7-Eleven raids in Long Island and Virginia charged owners and managers of Long Island and Virginia stores聽in a scheme to exploit immigrants from Pakistan and the Philippines. 14 locations were involved in the 7-Eleven raids, and authorities are investigating at least 40 more across the US.聽
'Magna Carta Holy Grail': Jay-Z to release new album in Samsung cell phone deal'Magna聽Carta聽Holy聽Grail,' the rapper's new album, will be free for the first 1 million android phone owners who download an app for the album.
Will Ben Bernanke let interest rates rise? World markets wait.Financial markets have been gyrating in the weeks since Ben Bernanke聽told Congress the Fed might scale back its effort to keep long-term rates at record lows. But Bernanke has cautioned that the Fed would slow its support only if it felt confident the job market would show sustained improvement.
Nap Nanny recliners recalled: Infant deaths prompt recliner recallNap聽Nanny recliners, Nap Nanny Generation 2 recliners, and Nap聽Nanny聽Chill recliners have been recalled. The recall affects about 165,000 Nap Nanny recliners.- Wendi Deng - Rupert Murdoch divorce, News Corp. divides tooWendi Deng controls non-voting shares in News Corp. But the Wendi Deng-Rupert Murdoch divorce is not likely to affect the splitting of News Corp. into two entities.
IMF to US: Economy sounder, but ditch the sequesterIMF says spending cuts 'ill-designed.' IMF urges Congress to cancel the $85 million sequester cuts and reform Social Security instead.
Stocks fall on disappointing economic reportsStocks fell Friday after聽disappointing聽reports about the US economy. Concerns that the Federal Reserve could announce plans to cut back its stimulus program next week also weighed on stocks.
