The Federal Reserve wasn't just trying to drive interest rates lower when it announced a third round of bond purchases Thursday.
NEW YORK — The Dow Jones Industrial Average is dumping Cool Whip for copays.
Stocks rose, after the Standard & Poor’s 500 Index climbed to its highest level since 2007, as markets rallied around the world on the Federal Reserve’s bond-purchase program.
Shares of DeVry Inc. rose Friday after its CEO predicted better times ahead for the for-profit education company.
Brookfield Asset Management Inc. is keeping a tight grip on its stake in General Growth Properties Inc., in a bet the second-largest U.S. mall owner is better off as an independent company that will jump in value.
This has truly been a golden era for credit card rewards programs.
The stock market rose again Friday because of economic help from the Federal Reserve. But even some of the buyers weren't believers.
Few investors have been hitting the “like” button for Facebook. The stock has lost nearly half its value since May's highly anticipated but botched initial public offering.
Angry protests over an anti-Islam film spread across the Muslim world Friday, with demonstrators scaling the walls of U.S. embassies in Tunisia and Sudan, torching part of a German embassy and clashing with police in violence that left at least four dead. Amid the turmoil, Islamic militants waving black banners and shouting “God is great” stormed an international peacekeepers base in Egypt's Sinai and battled troops.
Sept. 14 (Bloomberg) -- Oil climbed to the highest level in more than four months as the Federal Reserve announced it will buy mortgage-backed securities to encourage growth in the world’s largest economy.
Mitt Romney is promising to reduce taxes on middle-income Americans.
The Fed has kept a key short-term rate _ on loans between banks -- near zero for over three years and pumped hundreds of billions of dollars into the financial system.
World stock markets shot higher Friday after the Federal Reserve met investor expectations by giving the green light to big asset purchases to boost the U.S. economy.
Delivery times climbed quickly as Apple Inc. started taking orders for the iPhone 5 on Friday, suggesting strong demand.
Sept. 14 (Bloomberg) -- Oil rose to $100 a barrel in New York for the first time since May as the Federal Reserve pledged further economic stimulus, while unrest in the Middle East and North Africa fanned concern that supplies will be threatened.
More expensive gas drove up consumer prices in August by the most in three years. But outside energy, inflation was tame.
U.S. retail sales rose in August from July because consumers paid higher gas prices and bought more cars and trucks. They were more cautious elsewhere, suggesting the weak economy has made many selective about spending.
Sept. 14 (Bloomberg) -- The dollar slid to a four-month low against the euro on Federal Reserve Chairman Ben S. Bernanke’s plan to conduct open-ended monetary easing, a process that tends to debase the U.S. currency.
Sept. 14 (Bloomberg) -- General Electric Co.’s gain of more than 20 percent this year is validating Warren Buffett’s $3 billion wager that the world’s largest maker of jet engines would rebound after the financial crisis.
Facebook's beleaguered stock is set to end the week on a high note, pulling Zynga with it.
The dollar has hit a four-month low against the euro a day after the Federal Reserve said that it will launch another round of bond purchases to help boost the U.S. economy.
An attorney from the Natural Resources Defense Council warned a Los Angeles City Council committee that a recent lawsuit filed by anti-poverty and environmental activists could derail plans for a downtown NFL stadium.
Sept. 14 (Bloomberg) -- The following tables show the biggest increases and decreases in analysts’ target price, according to Bloomberg data, for companies in the Standard & Poor’s 500 Index from Sept. 7.
Sept. 14 (Bloomberg) -- Property investors love students like Luke Redhead.
Republicans on Friday pushed a bill through the House shining a campaign-season light on the most conspicuous failure of President Barack Obama's economic stimulus package. The bill would phase out federal loan guarantees like those that went to the now-bankrupt solar power company Solyndra LLC and left taxpayers on the hook for more than $500 million.
The Canadian Competition Bureau said Friday that it is suing the country's three biggest wireless carriers and an industry association for US$31.79 million (CA$31 million) in customer refunds over advertising of texting services.
Sept. 14 (Bloomberg) -- Dish Network Corp. would release an Internet-streaming product that includes live programming if it could convince TV networks that the service makes financial sense, Chief Executive Officer Joseph Clayton said.
Sept. 14 (Bloomberg) -- The Obama administration, in a politically charged report released less than two months before the election, said the $1.2 trillion in automatic spending cuts required under a deficit-reduction law would have a “devastating impact” on defense and other government programs.
Bare breasts, drunken revelry and almost anything else is tolerated along Bourbon Street, but after dark, the city is saying street preachers are forbidden.
A White House report is warning that $110 billion in across-the-board spending cuts would be “deeply destructive” to the military and core government responsibilities like patrolling U.S. borders and air traffic control if they aren't canceled before they take effect in January.
Higher gas prices are crimping consumer spending and slowing the already-weak U.S. economy. And they could get worse in the coming months.
Sept. 14 (Bloomberg) -- President Barack Obama pledged a nation’s resolve to “dignity and freedom” today as he made an unannounced trip to Andrews Air Force Base near Washington to receive and honor the four American victims of the Sept. 11 attack on the nation’s consulate in Libya.
In a preliminary move, a federal judge has denied Samsung's request for a ban on imports of the iPhone, iPad and iPod.
Sept. 14 (Bloomberg) -- Eastman Kodak Co., which put patents up for sale at a bankruptcy auction, is consulting with creditors about retaining the patents and forming a licensing company.
Sept. 14 (Bloomberg) -- Apple Inc. won a round of a U.S. International Trade Commission case brought by Samsung Electronics Co. over patented technology in the iPhone and iPad tablet computer, its second U.S. legal victory in a month over its largest smartphone competitor.
Economic growth is pitiful. Unemployment has topped 8 percent for an exhausting 43 months. The nation is careering toward a so-called fiscal cliff, and maybe a recession.
Sept. 14 (Bloomberg) -- U.S. stock-index futures climbed, indicating the Standard & Poor’s 500 Index will extend its highest level since 2007, as markets rallied around the world on the Federal Reserve’s bond-purchase program.
Regulators say they closed a small bank in Missouri, bringing to 42 the number of U.S. bank failures this year.
Sept. 14 (Bloomberg) -- Police used water cannons and fired warning shots into the air to disburse hundreds of protesters who rallied for a second day at the U.S. Embassy in Yemen’s capital against a film seen as insulting to Islam.
Sept. 14 (Bloomberg) -- Treasuries fell as inflation expectations surged and stocks rallied following the Federal Reserve’s decision to buy more debt as it strives to underpin the U.S. economy.
A Japanese Cabinet panel called Friday for phasing out of nuclear power over the next three decades in a major shift for Japan as it overhauls energy policy following the Fukushima meltdowns.
Home Depot Inc., the U.S.-based home improvement retailer, said Friday it will close its remaining seven big box outlets in China and focus on Internet-based sales and specialty stores.
Beef Products Inc. will face a steep climb in its “pink slime” defamation lawsuit against ABC News as the South Dakota-based meat processor works to rebuild its public image, legal experts say.
Sept. 14 (Bloomberg) -- Deutsche Lufthansa AG’s passenger unit has identified savings which exceed its 920 million-euro ($1.2 billion) goal, providing a buffer should external factors stymie cost-cutting efforts.
Sept. 14 (Bloomberg) -- The 10 biggest U.S. money market funds boosted holdings of Japanese bank securities to $79 billion at the end of August, more than any other country, as they shift money to Asia and away from Europe.
Louisiana's property insurer of last resort says Hurricane Isaac has resulted in over 13,000 claims and they expect more to come.
U.S. companies restocked their shelves in July at the fastest pace since January while their sales increased. The combination could boost economic growth.
U.S. industrial production fell in August by the largest amount in more than three years as factories produced fewer cars and other manufactured goods and Hurricane Isaac triggered shutdowns along the Gulf Coast.
Hours after it started, Apple has stopped taking orders for the iPhone 5.
The U.S. government is no longer the majority owner of American International Group Inc.
Kodak is postponing indefinitely an auction of its imaging patent portfolios.
Sept. 14 (Bloomberg) -- Royal Bank of Scotland Group Plc, the U.K.’s largest state-owned lender, will push ahead with the initial public offering of its insurance unit even after Talanx AG, Germany’s third-biggest insurer, pulled its IPO this week.
Sept. 14 (Bloomberg) -- Twitter Inc. turned over an Occupy Wall Street protester’s posts under seal, extending a seven- month fight over whether the company or its users is responsible for Twitter posts.
Online retailer Amazon.com has tried to become all things to all consumers, but in California, it is about to take on a role it has fought against for years: tax collector.
Thousands of angry Kashmiri Muslims protested Friday against an anti-Islam film, burning U.S. flags and calling President Barack Obama a `'terrorist,” while the top government cleric here reportedly demanded Americans leave the volatile Indian-controlled region immediately.
Britain's defense secretary says more U.K. troops could be withdrawn from Afghanistan in 2013 than previously hoped, as local forces take on the majority of combat duties.
Republican Mitt Romney is trying to shift the focus of the presidential campaign away from anti-American violence overseas and back to the economy, accusing President Barack Obama of ignoring Chinese trade violations and pointing to a new Federal Reserve effort to bolster the economy as evidence of Obama's weak policies.
A French magazine on Friday published what appeared to be photos of Prince William's wife Kate sunbathing topless at a private house in southern France, prompting a strong condemnation from the royal family.
A small building tucked in the hills of Northern California shines with an unusual green glow from hundreds of glass tubes jutting out from one side toward nearby bushes.