Stocks Drop 1% as Fed Tapering Fears, Weak China Data Rattle Markets
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Robert Costa, National Review, reports the latest tally for delegates in the Republican's race for president, and discussing why Illinois is so important to Mitt Romney, with James Pethokoukis, American Enterprise Institute.
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April 16- Johnson& Johnson beat Wall Street's quarterly profit estimates on sharply lower taxes, strong sales of prescription drugs and a revival of over-the-counter medicines that had been recalled over quality control problems.
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TOKYO, April 4- The Nikkei average is expected to open lower on Thursday, ahead of the outcome of the Bank of Japan's policy-setting meeting, on concerns over the U.S. recovery after weak service sector data and a slowdown in job hiring by private employers.
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DETROIT, April 3- Mitsubishi Motors Corp is recalling 8,263 Outlander crossover vehicles in the United States and Puerto Rico for three different issues related to brake lights, fuel gauges and shifting the vehicles out of park, federal regulators said on Wednesday. There are 4,539 vehicles affected in the United States and Puerto Rico, the company told NHTSA.
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March 27- Puerto Rico's new government is eyeing more than $1 billion in tax hikes and other changes meant to fix chronic budget gaps worrying U.S. bond buyers and Wall Street credit rating agencies.
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March 26- Aeropostale Inc lost its bid to dismiss a lawsuit accusing the teen clothing retailer of defrauding shareholders in 2011 by hiding problems with excess inventory and slow sales that ultimately weighed on its earnings and stock price.
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March 20- Fitch Ratings on Wednesday cut its rating on $10.6 billion of Puerto Rico general obligation bonds to BBB-minus from BBB-plus, saying the U.S. commonwealth was facing a large budget imbalance caused by a weak economy and revenues. Moody's Investors Service reduced Puerto Rico's general obligation rating rating by two notches to Baa3 in December.
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CHICAGO, March 13- Illinois will sell $800 million of debt next month in the U.S. municipal bond market, where investors will likely continue to demand hefty yields for the state's debt amid an unresolved public pension crisis.
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March 13- Nissan Motor Co is recalling five 2013 model year vehicles, including top sellers Altima and Sentra, because the front passenger airbag may not deploy in a crash, the automaker told U.S. regulators. The models in the recall are Nissan's Altima, Sentra, Pathfinder and Leaf as well as Infiniti JX35, it said on Wednesday.
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*Analysts say Costco increased its market share. March 12- Costco Wholesale Corp lured shoppers with low prices on everything from produce to gasoline in the latest quarter, gaining market share at a time when other retailers saw shoppers pull back due to higher taxes and rising fuel prices. Shares of Costco were up 1.4 percent at $103.82 in afternoon trade.
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March 6- Superstorm Sandy punished low-income people in New York and New Jersey, especially renters who are now at risk of being unable to find new homes, according to a pair of studies released on Wednesday said.
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*Milling operations had total sales last year of $4.3 bln. March 5- Giant U.S. food and grain-handling companies ConAgra Foods Inc, Cargill and CHS Inc plan to combine their North American flour milling businesses into a new venture that would control more than a third of U.S. capacity, dwarfing all competitors in size and market reach.
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*Milling operations had total sales last year of $4.3 bln. March 5- Giant U.S. food and grain-handling companies ConAgra Foods Inc, Cargill and CHS Inc on Tuesday said they plan to combine their North American flour milling businesses into a new company called Ardent Mills.
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WASHINGTON, Feb 8- The state of California will likely sell $7 billion of general obligation bonds this year in two parts, with the first half of the sale in a few months, Treasurer Bill Lockyer told Reuters TV on Friday. California will return to the market in the fall, he added.
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WASHINGTON, Feb 8- The state of California will likely sell $7 billion of general obligation bonds this year in two parts, with the first half of the sale in a few months, Treasurer Bill Lockyer told Reuters TV on Friday. California will return to the market in the fall, he added.
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NEW YORK, Feb 6- Amgen Inc, the world's largest biotechnology company, on Thursday raised its 2013 earnings forecast to account for a Puerto Rico excise tax credit due to federal settlements for prior years.
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*Virgin Media deal largest and latest for Liberty Global. Liberty Global already ranks as largest cable operator in Europe.
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WASHINGTON, Jan 18- The following table shows seasonally adjusted unemployment rates for U.S. states, Puerto Rico and the District of Columbia in November and December. The data was released on Friday by the U.S. Department of Labor. The following figures are in percentages.
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NEW YORK, Jan 3- Charities working on Superstorm Sandy relief in New York have raised at least $400 million, New York Attorney General Eric Schneiderman said on Thursday. Of the 88 charities that responded, the American Red Cross raised the most money, with $188 million donated to Sandy efforts as of Dec. 10.
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WASHINGTON, Jan 1- The "fiscal cliff" deal that slowly, painfully took shape in the U.S. Congress in recent days fulfills some of corporate America's tax policy goals, but leaves others unmet, including a big one- meaningful deficit and debt reduction.
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*Senate would end part of Obama's healthcare overhaul. WASHINGTON, Jan 1- The U.S. Senate packed an eclectic mix of handouts and takebacks into its last-minute deal to avoid the "fiscal cliff," including a measure to repeal part of President Barack Obama's signature healthcare overhaul and a string of special interest tax breaks.