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Stocks slip on weak earningsStocks fell on Wall Street Thursday after聽disappointing earnings from a range of companies.聽Commodities stocks held steady following a wild couple of days.
Asian shares dip amidst slowing economic recoveryWorries about trends in global growth, drove down U.S. and European equities, commodities and Asian markets on Wednesday. Earnings forecasts continue to be revised downward, say analysts.聽
Stocks down on signs of global economic slowdownStocks fell on Wall Street Wednesday as evidence of a slowing global economy grows. The drop comes just one week after US stocks hit an all-time high.
McDonald's settles lawsuit over false 'Halal-friendly' food claimMcDonald's has agreed to pay $700,000 in a lawsuit brought by members of Michigan's Muslim community. The group claims that a Detroit-area McDonald's falsely advertised food as prepared according to Islamic law.聽
Bank of America settles lawsuit; profits disappointBank of America has agreed to settle a class action lawsuit brought against Countrywide Financial, its troubled mortgage lending arm. The settlement came as Bank of America announced its first quarter income, with profits soaring but failing to meet analysts' expectations.聽
Lottery winners still getting welfare? In Michigan, yes.Lottery winners got welfare benefits in more than 3,500 cases last year, a new Michigan report finds. That's 14 percent of state lottery winners on welfare, and the state aims to crack down. 聽
Stocks bounce back from worst day of yearStocks rose on Wall Street Tuesday the day after they had their biggest decline since November. Tuesday's strong housing and earning reports helped stocks recover.
American Airlines computer glitch grounds flights nationwideAmerican Airlines grounded flights across the country Tuesday due to a computer glitch. Thousands of American Airlines passengers were stranded, and flights will resume at 5:30 p.m. EDT.
Gold price: biggest tumble in 30 yearsGold price falls $140 鈥� 9 percent 鈥� in a single day. Here are four reasons the two-year decline in the gold price is accelerating.聽
$405 million Madoff payoff: Judge says victims' advocate 'slept on his rights'A federal judge blocked the trustee seeking money for Bernard Madoff's victims from interfering with New York state's $410 million settlement with Ezra Merkin, a Wall Street hedge fund manager accused of steering client money to the swindler. The settlement calls for Merkin to pay $405 million to investors over three years, and $5 million to New York State to cover fees and costs.
J.C. Penney borrows $850 million: Is it enough?J.C. Penney has pulled $850 million from its revolving credit line to be able to pay its vendors, increasingly skittish after J.C. Penney's failed attempts at a turnaround.
Stocks take biggest drop this yearStocks posted their biggest drop of the year on Wall Street Monday.聽A steep fall in commodity prices led to a widespread sell-off in stocks.
$25 billion offer: Dish Network bids for Sprint Nextel$25 billion offer: Dish Network is offering to buy Sprint Nextel Corp. in a cash-and-stock deal Dish values at more than $25 billion, saying its bid for Sprint Nextel is superior to that of Japanese phone company SoftBank.
John Galardi dies, leaves Wienerschnitzel hot dog chain legacyJohn Galardi dies: Founder of the Wienerschnitzel hot dog chain, John Galardi built a chain of some 350 restaurants selling more than 120 million hot dogs annually in 10 states.- Disneyland Space Mountain shut down over safety issuesDisneyland Space Mountain was closed over the weekend after Disneyland was cited by CalOSHA for employee safety violations. In addition to Space Mountain, two other rides were closed at Disneyland.
Meat recall expands to 13 statesMeat recall includes聽roast beef, ham, turkey breast, corned beef, and pastrami shipped to retailers. No illnesses have been linked to the meat recall.
Billionaire awarded $12M in fake wine caseBillionaire awarded $12M: Florida billionaire William Koch won a $12 million jury award in a case involving his purchase of counterfeit bottles of Bordeaux.
$10 minimum wage proposed for Michigan$10 minimum wage would be achieved over three years, according to Democrats sponsoring the bill. But Republicans, who control the state legislature and the governorship, have not embraced a $10 minimum wage.
Stocks end four-day advance as energy slipsA four-day advance for stocks came to an end on聽Wall聽Street聽as falling commodity prices brought down the stocks of energy and mining companies.
Stocks rise for fourth day straight, led by retailStocks rose for the fourth day in a row on Wall Street Thursday as US retailers surged on better sales reports.聽A surprising drop in claims for unemployment benefits last week has also helped stocks.
