All Latest News Wires
Following Bernanke comments, dollar hits three year highThe U.S. Federal Reserve's bond buying program will continue, according to congressional testimony from the Fed's Chairman Ben Bernanke on Wednesday. Bernanke's testimony boosted the dollar.聽
Stocks fall on news Fed weighed cutting stimulusStocks rose in the morning and fell in the evening Wednesday, rocked back and forth by news from the Federal Reserve. Suggestions that聽the economic stimulus could be scaled back as early as next month, if the economy picks up, pushed stocks down.
Presidential jet sale: $15M for poor MalawiPresidential jet sells for $15M as new president institutes austerity for impoverished Malawi. Besides netting $15M for the luxury presidential jet, President Banda aims to sell 35 government Mercedes.
Jamie Dimon scores big win in bank shareholder voteJamie Dimon's chairmanship of JPMorgan Chase easily survived a vote from the bank's shareholders Tuesday. The vote was a major victory for Dimon,聽but shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members.
ESPN layoffs: Trying to 'manage costs,' cable sports giant cuts jobsESPN layoffs: An unspecified number of staffers at the Bristol, Connecticut-based cable sports network are expected to be let go. The ESPN layoffs are the latest in the Disney entertainment family.
Steve Cohen gets subpoena in US insider trading probeSteve Cohen has received a subpoena to testify before a grand jury in a federal insider trading investigation at his hedge fund, SAC Capital Advisers. Steve Cohen's subpoena puzzles defense lawyers.聽
Stocks mixed in slow start to weekStocks聽fluctuated between small gains and losses on Wall Street for most of Monday. Small-company stocks聽are doing well because they are less exposed to recession-plagued Europe than the large international stocks that make up the Dow and the S&P 500 index.
Jamie Dimon: Will unhappy investors let CEO keep his job?Jamie Dimon, the embattled chairman and CEO of JPMorgan Chase, faces a shareholder vote this week on whether he will be allowed to keep both jobs. Shareholders want the biggest US bank to strip Jamie Dimon of his chairman job after a damaging trading loss last year.聽
Milwaukee bra ban is lifted after publicity campaignMilwaukee bra ban: A Milwaukee city inspector cited a bowling alley and bar for hanging dozens of bras from the ceiling as a fire hazard. But the owner used publicity to get the bra ban lifted.
Gold loses value. Gold mining stocks plunge.Gold loses 1.6 percent in the spot and futures markets, hovering near lows set in April. But the GDX, the ETF for gold miners, loses 4 percent and now stands at lowest point since December 2008.聽
Stocks gain on good economic newsStocks closed higher on Wall Street for a fourth straight week Friday. Consumer confidence and other economic indicators rose, giving stocks a boost.
Colleges offer discounts, but you have to lookColleges offer discounts as enrollments fall short, according to Forbes report. Among the colleges still seeking students for the fall term: Lewis & Clark College in Portland, Oregon, the University of Maryland, College Park, The New School in New York City, and Arizona State University in Tempe.
Stocks fade in late tradingStocks fell on Wall Street Thursday on signs of a slowing economy mixed with indications the Federal Reserve would end聽its bond-buying program this year. Wal-Mart stocks sank after聽warning of weaker earnings ahead.聽
Japan's economy outpaces predictionsGlobal markets showed improvement, as optimism grows that work by governments around the world will have the desired effect of boosting the economy. In particular, Japan's economy beat expectations for growth in the first quarter of the year; some credited Abenomics.聽
Buffett's firm reveals new stock investments and divestmentsFilings with the Securities and Exchange Commission revealed recent investment decisions made by Berkshire Hathaway, the investment group led by Warren Buffett. In addition to buying and selling stocks in its $85 billion U.S. stock portfolio, the company owns 80 other companies, some of which account for more than half its income.
Stocks rise despite manufacturing slowdownStocks nudged to all-time highs on Wall Street Wednesday despite disappointing economic reports. News of a manufacturing slowdown weighed on stocks early on, but the stock market recovered by midday.
Whites-only scholarship: Columbia tries to change itWhites-only scholarship for Columbia University dates from 1920 鈥� and is only for Iowans. Columbia is going to court to change race provisions of whites-only scholarship.
Pop-Tarts' new flavors: Will they woo adults?Pop-Tarts' new flavors may be part of the Kellogg corporation's efforts to win back adults, who have drifted away from the breakfast market, by piling on the nutrition.
Stocks rise back into record territoryStocks returned to record territory on Wall Street Tuesday as encouraging聽news聽about the economy pushed stocks upward.
Skechers to pay $40 million for exaggerated shoe claimsSkechers to pay $40 million: Skechers will divide $40 million among half a million customers who believed claims that $100 Shape-Ups make you 'use more energy with every step' or that Resistance Runners increase 'muscle activation.'
