Sears reports bigger-than-expected 1Q loss
Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter with the beleaguered retailer blaming a cooler spring for falling sales.
Stocks end lower as investors reassess Fed worries
Stocks are ending the day slightly lower after recouping a big loss early on.
US rate on 30-year mortgages rises to 3.59 pct.
Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
US new home sales up 2.3 percent in April
U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.
US rate on 30-year mortgages rises to 3.59 pct.
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.
Stock slump continues on Wall Street
A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program.
Applications for US unemployment aid fall to 340K
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.
Merck ends development of Parkinson's disease drug
Merck & Co. says it is ending development of an experimental Parkinson's disease drug because the drug wasn't working.
Summary Box: Stocks recover from an early swoon
UPS AND DOWNS: Stocks plunged at the opening of trading but recovered by midday. A rout overseas and in the early going on Wall Street was set off by a slowdown in China and worries that the Federal Reserve might slow down its bond purchases. By the afternoon the U.S. market had recouped nearly all of its loss.
Campbell buying Plum Organics
Campbell Soup says it's buying Plum Organics, which makes food for babies and kids, for an undisclosed amount as it looks to move into faster-growing categories.
CEO Pay: It's good to be in health care
Here's a look at median CEO pay by industry last year, as calculated by executive pay research firm Equilar. For the fourth time in five years, health care CEOs got the most pay and utilities CEOs got the least.
GM aims new Chevy Cruze diesel at Volkswagen Jetta
The marketing people at Chevrolet make no secret of the goal for the new diesel version of the Chevrolet Cruze: Take sales from Volkswagen.
News Summary: J&J predicts surge of new medicines
BIG PLANS: Johnson & Johnson says it's poised by 2017 to seek regulatory approval for a dozen new medicines and two dozen variations of existing ones.
Why worry? Less aid by Fed would point to recovery
Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected.
CEO raises, pay cuts; What a change 1 year makes
Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press.
Stricken Japan nuke plant struggles to keep staff
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it.
Big stores nix credit card settlement, file suit
Some of the country's largest retailers, including Target Corp. and Macy's Inc., are suing MasterCard and Visa, rejecting a settlement over alleged fee-fixing.
Oil tracks gains in stocks, erases early losses
An afternoon recovery in U.S. stock markets helped oil reverse early losses Thursday.
Stocks edge lower as investors reassess Fed fears
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.
Kerry Kennedy, farmworker protest Wendy's in NYC
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in New York City.
Pepper your wardrobe with 'Gatsby' glitz for less
Baz Luhrmann's big screen adaption of "The Great Gatsby" is shining a spotlight on Roaring Twenties glam fashions, from drop-waist dresses and head scarves to crisp bow ties and spectator shoes. But you don't need a wallet the size of Jay Gatsby's to get the look.
Shareholder adviser firm paying $300,000 fine
A prominent firm in the business of advising big shareholders on how to vote in elections for company directors is paying a $300,000 fine to settle federal civil charges of failing to protect clients' confidential voting information.
Wheat gains on overseas demand
The price of wheat rose by the most in two weeks Thursday after the U.S. government reported strong demand for the grain from overseas buyers.
Snapple co-founder Leonard Marsh dies at 80
Leonard Marsh, the co-founder of the Snapple beverage brand, has died at age 80.
US stock market recovers most of an early loss
Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.
