Finance News
Bernanke signals Fed to maintain stimulus efforts
2 hours 23 mins ago
Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.
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Fed weighed slowing its pace of bond purchases
2 hours 1 min ago
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June _ if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.
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Lowe's 1Q profit rises, but results miss Street
5 hours 54 mins ago
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 gardening sales.
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Tesla uses stock, note sale to repay government
7 mins ago
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.
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FDA panel backs experimental Merck insomnia drug
8 mins ago
A federal panel of medical experts says that an experimental insomnia drug from Merck & Co Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.
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JC Penney secures bigger-than-expected $2.25B loan
17 mins ago
J.C. Penney says it has secured a $2.25 billion loan, $500 million more than it had expected.
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Gold slips on speculation will Fed cut stimulus
33 mins ago
Gold prices sank Wednesday as traders weighed the possibility that the Federal Reserve will start paring back its support for the economy in the coming months.
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On top of big salaries, companies pile on perks
56 mins ago
Wynn Resorts kept a suite open all year at its tony Las Vegas hotel and casino for founder and CEO Steve Wynn, at a cost of nearly $452,000.
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Strange
Birth of anteater has Conn. zoo staff puzzled
An anteater has given birth at a Connecticut conservation center, prompting officials there to wonder how the mother conceived.
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Politics
Judge apologizes for lag in unsealing documents
A federal judge apologized Wednesday for an 18-month delay in unsealing documents in a case involving an alleged leak of classified information to a reporter.
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Finance
FDA panel backs experimental Merck insomnia drug
A federal panel of medical experts says that an experimental insomnia drug from Merck & Co Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime ...
Full Story
