Economy

Stocks edge higher as investors watch the Fed
Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve. The Dow Jones industrial average was up 39 points ...
Richard Carrion declares IOC presidential bid
Richard Carrion of Puerto Rico entered the IOC presidential race Wednesday, promising to use his business experience to guide the Olympics through the ...
Target's 1Q profit drops 26 pct on weak sales
Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending.
Vatican releases 1st report of financial watchdog
The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog ...
Lowe's 1Q profit rises, but results miss Street
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 ...
Iceland forms new center-right government
Progressive Party leader Sigmundur David Gunnlaugsson has been chosen as Iceland's new prime minister. He was named Wednesday after several weeks of ...
IMF softens views on UK government's policies
The International Monetary Fund has softened its assessment of the British government's economic policies, saying in a report Wednesday that it did ...
Conn. rail service returns to normal
Regular train service returned to Connecticut on Wednesday, five days after a derailment injured scores of commuters and damaged tracks. Commuter rail ...
US auto factories cutting back on summer downtime
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' ...
Ahead of the Bell: HP's 2Q results likely to sag
Hewlett-Packard will provide an update on its efforts to rise above the sinking PC market when it releases quarterly earnings Wednesday after the ...
Kerry praises $2.1 billion Raytheon deal in Oman
U.S. Secretary of State John Kerry met Wednesday with officials in Oman to discuss their plans to buy a $2.1 billion air defense system from American ...
Asia stocks rise as Fed official backs easy policy
Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S.
Japan's trade deficit hits $8.6B due to weaker yen
Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import ...
Ex-Ford execs charged in Argentine torture cases
Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers for ...
Stocks gain on reassurance from a top Fed official
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.
JPMorgan's Dimon survives shareholder referendum
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of ...
Best Buy reports 1Q loss on restructuring costs
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that ...
Housing recovery boosts Home Depot 1Q results
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring. Its quarterly ...
Goat on the lam snarls NJ's Pulaski Skyway traffic
A goat believed to have escaped en route to a slaughterhouse snarled the morning commute along one of the busiest roadways in northern New Jersey on ...
Moniz: LNG exports on hold until data reviewed
Energy Secretary Ernest Moniz said Tuesday he will delay final decisions on about 20 applications to export liquefied natural gas until he reviews ...
Obama opposes GOP bill on Keystone XL oil pipeline
The White House says President Barack Obama opposes a House bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to ...
Burberry's profit hit by perfume deal's demise
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, ...
Lew: IRS actions "unacceptable and inexcusable"
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he ...