Economy

Bernanke signals Fed to maintain stimulus efforts
Chairman Ben Bernanke is telling Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its ...
Iceland forms center-right govt, halts EU talks
The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the ...
Judge: Hollister clothing unfriendly to disabled
A federal judge in Denver is considering an injunction after ruling that nearly 250 Abercrombie & Fitch Co. and J.M. Hollister LLC clothing stores are ...
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' ...
US home sales tick up to highest in 3 ½ years
Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses ...
AAA: 31.2M drivers to take Memorial Day road trip
It's going to be another busy Memorial Day weekend on the nation's highways. From Thursday through Monday, 31.2 million Americans will drive 50 miles ...
Lowe's 1Q profit rises, but results miss Street
Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring ...
Clearwire board approves higher Sprint offer
Clearwire wants to accept a richer buyout offer made by Sprint this week and is recommending that shareholders vote in favor of it. Sprint upped its ...
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 ...
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 ...
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 ...
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 ...