WASHINGTON – 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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Stocks edge lower as investors reassess Fed fears
NEW YORK – Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.
May 24, 2013 06:00 am|
Business
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up.
- May 22, 2013 09:49 pm|
Business
Target’s 1Q profit drops 29 percent on weak sales
NEW YORK – Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers’ appetite for spending.
- May 22, 2013 11:29 pm|
Business
UPMC transcriptionists offered work with vendor
PITTSBURGH – The University of Pittsburgh Medical Center is cutting costs by laying off more than 100 transcriptionists, all of whom are being offered jobs by a Massachusetts company that has worked with the hospital network to develop voice recognition software.
- May 22, 2013 11:29 pm|
Business
Sales of existing homes hit 3½-year peak
WASHINGTON – Sales of previously occupied U.S. homes ticked up last month to the highest level in 3½ years, helped by a jump in the number of houses for sale.
- May 22, 2013 11:29 pm|
JPMorgan chairman/CEO survives shareholder vote
TAMPA, Fla. – Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.
- May 21, 2013 06:25 pm|
Protesters rally at FirstEnergy meeting in Morgantown
MORGANTOWN, W.Va. – At least 200 union workers picketed FirstEnergy’s annual shareholders meeting in Morgantown Tuesday, demanding that the Ohio-based utility hire enough people to keep the power on without forcing a shrinking labor force to work as many as 1,800 hours of overtime a...
- May 21, 2013 11:37 pm|
Stocks gain on reassurance from a top Fed official
NEW YORK – Reassuring comments from a Federal Reserve official helped push the stock market higher Tuesday.
- May 21, 2013 06:25 pm|
Business
JPMorgan chairman/CEO survives shareholders vote
TAMPA, Fla. — Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO, keep both his jobs.
- May 21, 2013 01:52 pm|
Business
Dick’s 1Q net income, revenue up
PITTSBURGH (AP) – Dick’s Sporting Goods said Tuesday its net income rose 13 percent in the first quarter as revenue edged up and some expenses declined.
- May 21, 2013 06:25 pm|
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