Business News
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JPMorgan's Dimon survives shareholder referendum
Tuesday, May 21, 3:37 pm
TAMPA, Fla. (AP) - Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank.... Read more...
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Best Buy reports 1Q loss on restructuring costs
Tuesday, May 21, 3:34 pm
MINNEAPOLIS (AP) - Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing... Read more...
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Volkswagen to put special fuel caps on diesels
Tuesday, May 21, 3:29 pm
DETROIT (AP) - Volkswagen is replacing the fuel tank covers on more than 200,000 of its diesel vehicles sold in the U.S. and Canada to remind owners to fill their tanks with diesel _ not gasoline. The... Read more...
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Stocks gain on reassurance from a top Fed official
Tuesday, May 21, 3:26 pm
NEW YORK (AP) - Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. Stock indexes wobbled between... Read more...
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Housing recovery boosts Home Depot 1Q results
Tuesday, May 21, 3:25 pm
NEW YORK (AP) - Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring. Its quarterly results topped Wall Street... Read more...
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Merck to repurchase $5B in common stock
Tuesday, May 21, 2:42 pm
WHITEHOUSE STATION, N.J. (AP) - Merck & Co Inc. said it will repurchase $5 billion worth of its common stock under an accelerated share repurchase agreement with Goldman Sachs & Co. Merck,... Read more...
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JPMorgan Directors Glance: How shareholders voted
Tuesday, May 21, 2:41 pm
(AP) - Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO of the nation's largest bank, keep both his jobs Tuesday. Dimon also received strong support to be re-elected... Read more...
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Business Highlights
Tuesday, May 21, 2:38 pm
(AP) - ___ JPMorgan's Dimon survives shareholder referendum TAMPA, Fla. (AP) _ Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have... Read more...
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US Treasury bond market at a glance
Tuesday, May 21, 2:25 pm
Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested: ... Read more...
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Summary Box: Stocks close higher on hopes for Fed
Tuesday, May 21, 2:15 pm
(AP) - FED WATCH: Stock indexes wobbled in early trading Tuesday, then turned higher just before noon. That's when news crossed that James Bullard, a Federal Reserve official, told an audience... Read more...
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Best Buy, Carnival, Saks are big movers
Tuesday, May 21, 2:13 pm
NEW YORK (AP) - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Best Buy Co. Inc., down $1.17 at $25.64 The... Read more...
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Corn falls after farmers catch up on planting
Tuesday, May 21, 2:02 pm
(AP) - The price of corn fell after U.S. farmers planted record amounts of corn last week, easing concern that earlier planting delays would harm this year's crop. Corn for July delivery... Read more...
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How the Dow Jones industrial average fared Tuesday
Tuesday, May 21, 2:00 pm
(AP) - Stocks indexes hit new highs on Wall Street as investors bank on continued support from the Federal Reserve. Indexes wobbled between gains and losses in early trading, then took... Read more...
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Stock indexes close higher on hopes for Fed
Tuesday, May 21, 1:08 pm
NEW YORK (AP) - Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve. The Dow Jones industrial average rose 52 points to close at 15,387 Tuesday,... Read more...
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Figures on government spending and debt
Tuesday, May 21, 1:05 pm
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. Total public... Read more...
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