Business News
-
Futures slump in wake of Fed statement
Thursday, Jun 20, 4:46 am
NEW YORK (AP) - Stock futures are sliding in the wake of comments by the chairman of the Federal Reserve, who said that the U.S. would pull back on the massive bond-buying program that for months has... Read more...
-
Bernanke clarifies Fed plan to cut bond purchases
Thursday, Jun 20, 3:22 am
WASHINGTON (AP) - A muddled message from the Federal Reserve has rattled investors for weeks. So Chairman Ben Bernanke tried to set the record straight Wednesday about the Fed's plans to... Read more...
-
Oil falls below $97 on likely Fed tapering
Thursday, Jun 20, 2:10 am
BANGKOK (AP) - Oil prices fell Thursday, a day after the Federal Reserve indicated it could begin to wind down its massive stimulus program later this year, as long as the U.S. economy remains... Read more...
-
Stocks slide as Fed says bond purchases could slow
Wednesday, Jun 19, 8:07 pm
NEW YORK (AP) - Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next. The... Read more...
-
GAO says airline merger would reduce competition
Wednesday, Jun 19, 6:58 pm
DALLAS (AP) - A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers. That's... Read more...
-
Men's Wearhouse ousts founder, pitchman Zimmer
Wednesday, Jun 19, 4:25 pm
NEW YORK (AP) - Men's Wearhouse doesn't like the way its founder looks anymore. The men's clothier said Wednesday that it fired executive chairman and face of the company George Zimmer,... Read more...
-
How Fed policymakers affect the economy
Wednesday, Jun 19, 4:22 pm
(AP) - The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy. Here is a look at how... Read more...
-
Fed's moves to aid economy since financial crisis
Wednesday, Jun 19, 4:14 pm
WASHINGTON (AP) - The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful... Read more...
-
Bluebird Bio shares rocket higher in trading debut
Wednesday, Jun 19, 4:13 pm
NEW YORK (AP) - Shares of gene therapy developer Bluebird Bio Inc. surged in their trading debut. Its shares climbed $9.91, or 58.3 percent, to close at $26.91 Wednesday after trading as high... Read more...
-
Fed suggests it's closer to slowing bond purchases
Wednesday, Jun 19, 3:54 pm
WASHINGTON (AP) - Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy... Read more...
-
FedEx 4Q profit drops as priority services lag
Wednesday, Jun 19, 3:54 pm
DALLAS (AP) - FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring. FedEx... Read more...
-
News Summary: Men's Wearhouse ousts founder
Wednesday, Jun 19, 3:04 pm
(AP) - THE NEWS: Men's Wearhouse Inc. says Wednesday it dismissed its founder and executive chairman George Zimmer, who appeared in many of its TV commercials with the slogan, "You're going... Read more...
-
US Treasury bond market at a glance
Wednesday, Jun 19, 2:28 pm
Key barometers in the Treasury market late Wednesday, compared with late Tuesday. Price changes in the 10-year note and 30-year bond are per $100 invested: ... Read more...
-
News Summary: Dow slides 206 points on Fed
Wednesday, Jun 19, 2:23 pm
(AP) - EASING BACK: Stocks slid and bond yields rose sharply after Federal Reserve Chairman Ben Bernanke said the central bank could start to pull back on its bond purchases later this year if... Read more...
-
La-Z-Boy, Adobe, Tetra Tech are big movers
Wednesday, Jun 19, 2:20 pm
NEW YORK (AP) - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Alcatel-Lucent SA, up 6 cents at $1.93 The... Read more...
Latest Arizona Stories
- American, US Airways executives called, yet again, to defend merger plan
- Court upholds conviction, death sentence in 1986 Mohave County murder
- Two Arizona business owners share challenges, successes at House hearing
- Court rejects inmate's double-jeopardy claim in 2002 Tempe killing
- Church leaders call for immigration reform
World Class Arizona
