All Latest News Wires
Warren Buffett's bad news: a $24 billion gainWarren Buffett's annual shareholders letter says Berkshire Hathaway's 14.4 percent gain trailed the S&P's performance. Despite the bad news, an optimistic Warren Buffet is searching for more acquisitions.
Sequester fight: what investors are missingThe stock market is taking the sequester in stride so far. But investors shouldn't be too complacent about the impact of federal spending cuts.聽
Personal income drops, but consumer spending up in JanuaryThe US Commerce Department released its figures for the first month of the new year Friday.
Spending cuts: As Washington frets, Wall Street shrugs (so far)Spending cuts set to pummel most government programs starting today so far haven't had much effect on investors.聽The $85 billion in across-the-board 'sequestration' cuts were expected to cause airport delays, disrupt public services and result in lower pay or layoffs for millions of government workers.
Stocks fade as Dow nears, then pulls away from recordStocks closed lower Thursday with the Dow easing back from its highest level of the year.聽The day started with stocks plodding along indecisively, before sending stock investors on a whipsaw day
Boeing proposes Dreamliner battery fix to Japanese regulatorsBoeing's CEO聽met with Akihiro Ota, who heads the Ministry of Land, Infrastructure, Transport and Tourism, and with the director general of the Civil Aviation Bureau, to explain the proposed solution to the problem of the batteries overheating.
Gold prices falling after Italian bond auctionGold prices falling:聽Gold聽for April delivery fell $19.80, or 1.2 percent, to $1,595.70 per ounce. Silver and platinum were down 1 percent or more.
JCPenney shares plunge after 'no sales' bustJCPenney stock plunged nearly 20 percent after the chain reported its fourth straight massive quarterly earnings loss. The JCPenney stock loss is a a sign that efforts to turn the struggling retailer around have been an outright failure.聽- Groupon stock tumbles on disappointing year's endGroupon booked a net loss of $81.1 million at the end of 2012, sending Groupon stock falling in after-hours trading.聽
Lego for girls: Building profits by catering to girlsLego for girls: The Lego Friends, a Lego product line designed for girls, is a big hit. The new Lego blocks boosted sales by 25 percent in 2012.
Stocks soar; Dow nears all-time highStocks rose on Wall Street for a second day Wednesday. The stock market surged on good news from retailers and the US housing market. The Dow came within 100 points of its all-time high.
JPMorgan cuts 19,000 jobs, calls it a good signJPMorgan cuts 15,000 jobs from its troubled mortgage sector, citing healthier home mortgages. The other 4,000 job cuts come from consumer banking.
Baseball fan can sue: Jury will decide risk of watching ballAn injured baseball fan can sue for damages, ruled the Idaho Supreme Court today. The fan lost an eye after being hit in the face with a foul ball at a minor league game.
Stocks fall on threat of Italy deadlockStocks saw their worst decline in months Monday as Italy heads for political disarray.聽As stocks plunged, gauges of market sentiment indicated that investors were becoming more risk-averse and parking their money in defensive assets.
Barnes & Noble buyout? Chairman mulls buying bookstores, leaving Nook.Barnes & Noble buyout may be in the works, as the bookseller's founder and CEO has said he is going to try and buy the company's retail business. Shares soared 17 percent amid rumors of the Barnes & Noble buyout.聽
Ikea: Horse meat found in Swedish meatballsIkea was drawn into Europe's widening horse meat scandal Monday as authorities said they had detected horse meat in the furniture giant's frozen meatballs. Ikea sold the meatballs, labeled as beef and pork, in 13 countries across Europe.聽
Governors: Automatic cuts could undermine economyBudget stalemate in Washington worries Democratic and Republican governors. Automatic spending cuts March 1 cut stall recent economic gains, they warn.聽
Wal-Mart weak forecast gives glimpse of economyWal-Mart forecast: The poor and middle-class Americans Wal-Mart caters to 鈥� and who are big drivers of spending in the U.S. 鈥� are struggling with rising gas prices, delayed income tax refunds and higher payroll taxes.
EU says eurozone economy will shrink this yearEurozone economy will contract 0.3 percent, the European Union predicts, but bottom out in the first half of 2013. Eurozone growth estimate for 2014: 1.4 percent.聽- Sausage recalled: 38,000 pounds of sausage in 11 statesSausage recalled: Smithfield Packing Company is recalling about 38,000 pounds of pork sausage after small pieces of plastic were found.
