
June 14
Disappointing reports push down US stocks
Stocks are ending a choppy week lower after disappointing reports on the U.S. economy.
Wednesday, June 19, 2013

Stocks are ending a choppy week lower after disappointing reports on the U.S. economy.

Stocks are turning lower in midday trading on Wall Street at the end of a volatile week.
A line of bicycle forks that can bend and cause a rider to fall and propane heater/cookers that pose a fire hazard are among this week's list of recalled products.
Metals prices ended higher Friday, while crude oil jumped to its highest level since January.

If you can hold a headstand for at least 10 minutes, communicate in Sanskrit and enjoy downing wheatgrass and tequila shots on Fridays for work-life balance, Lululemon has a job for you.
Chrysler Group LLC said Friday that it is freezing the pensions of roughly 8,000 U.S. salaried employees at the end of the year.
Shares of Elan Corp PLC jumped Friday after the drugmaker said it will explore a possible sale of the company while its board continues to fend off a hostile takeover bid from Royalty Pharma.

Foreign demand for U.S. Treasury securities fell in April for the first time in more than a year, as China and Japan both trimmed their holdings.

The U.S. current account trade deficit widened from January through March as Americans earned less from overseas investments.

Airbus sent a new wide-body plane into the skies Friday that sets the stage for intensifying competition with U.S. rival Boeing - with consequences for jobs, airlines' investments and the reputations of the powerful plane makers.
Oil rose to the highest level since January amid concerns about a possible escalation in Syria's civil war.

The Airbus A350 has taken off on its maiden flight, setting the stage for intensifying competition with U.S. rival Boeing in the long-haul wide-body aircraft market.

As new orders for his hydraulic cylinders pile in, factory owner Kazushi Nomura says he is hopeful Japan's economy may be headed for a solid recovery.

Spain's central bank says the country's public debt burden rose to a record 88.2 percent of gross domestic product at the end of the first quarter.

Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent.

U.S. businesses increased their stockpiles in April but their sales fell for a second straight month, held back by a decline in orders to American factories.
Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent.

Americans stepped up purchases at retail businesses in May, spending more on cars, home improvements and sporting goods. The gain shows consumers remain resilient despite higher taxes and could drive faster growth later this year.

The number of Americans seeking unemployment benefits dropped 12,000 to a seasonally adjusted 334,000 last week, a hopeful sign that steady job gains will continue.

Gannett Co., the publisher of USA Today, is buying TV station owner Belo Corp. for about $1.5 billion. If approved, the all-cash deal will make Gannett the fourth-largest broadcast group in the U.S.

Microsoft has unveiled plans for "store-within-a-store" sections in Best Buy stores, becoming the latest major consumer electronics maker to acknowledge advantages of the brick-and-mortar format.

The generation that's grown up posting their lives online wants a little privacy. That's not what we might expect as we debate just how much access the government should have to our mobile and online lives.
RATES UP: Fixed U.S. mortgage rates rose for the sixth straight week, putting the average rate on the 30-year loan just shy of 4 percent.
Shares of diagnostic test maker Myriad Genetics Inc. surged and then dove Thursday after the Supreme Court handed the company a partial victory in a battle over the validity of patents underlying its lucrative test for genes linked to high risk of breast and ovarian cancer.
Eight former mutual fund directors have settled federal claims that they allowed others at the firm to set values for subprime mortgage securities that were held by funds on which investors lost about $1.5 billion.