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Dollar up as Fed may taper in “next few meetings”
NEW YORK (MarketWatch) — The U.S. dollar rallied on Wednesday as Federal Reserve Chairman Ben Bernanke said the Fed could begin tapering its bond-buying program in the “next few meetings.”...
Ralph Lauren’s 4Q Profit Rises 35 Pct
NEW YORK (AP) — Ralph Lauren Corp. is reporting a 35 percent increase in fourth-quarter profit, but economic challenges here and abroad and certain strategic initiatives cut into sales. The...
Japan Gyrations Underline Economy’s Vulnerability
TOKYO (AP) — Japan’s financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing...
US Unemployment Aid Applications Fall To 340K
WASHINGTON (AP) — The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health. The Labor Department...
US Home Sales Tick Up To Highest In 3 ½ Years
WASHINGTON (AP) — Sales of previously-occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of...
EU Leaders Discuss Fight Against Tax Evasion
BRUSSELS (AP) — The European Union’s leaders are seeking to advance their fight against tax evasion and close loopholes for large corporations’ creative tax avoidance schemes. European officials say tax...
Investors Edgy Ahead Of Bernanke Testimony
LONDON (AP) — Investors were edgy Wednesday ahead of the appearance of U.S. Federal Reserve chairman Ben Bernanke before lawmakers in Congress. Following a run of upbeat U.S. economic news,...
Target’s 1Q Profit Drops 26 Pct On Weak Sales
NEW YORK (AP) — Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers’ appetite for spending. The company, based in Minneapolis, also cut its annual profit outlook, sending its stock down...
Ex-Ford Execs Charged In Argentine Torture Cases
BUENOS AIRES, Argentina (AP) — Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers for kidnapping and torture after the country’s 1976 military coup. All three...
Japan’s Trade Deficit Hits $8.6B Due To Weaker Yen
TOKYO (AP) — Japan’s trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs. Exports rose 3.8 percent from...
