What should investors do with equity markets at record highs? Here is a recap of trade tips from today.» Read More
NEW YORK-- An analyst for Stern Agee reduced his earnings outlook for Finish Line Inc. on Wednesday, saying the athletic shoe and clothing retailer is losing focus with its core customer. "The Finish Line stores have become too all over the place," said Sam Poser of Sterne, Agee& Leach in a client note.
LONDON, June 19- U.S. state-level targets show the remaining potential for renewable power in some states such as Illinois, within an overall picture of waning mandates. The United States has no federal targets to install or generate renewable power, where demand is instead driven by states in the form of renewable portfolio standards.
NEW YORK-- Actuant moved to a loss in its fiscal third quarter, pulled down by debt refinancing costs and a large charge related to a write-down. Actuant Corp., which announced plans to sell its electrical unit earlier this month, posted a net loss of $93 million, or $1.24 per share, for the three months ended May 31.
June 19- FedEx Corp said on Wednesday it was cutting its capacity between the United States and Asia, sending its shares lower on concerns about future growth, even as the world's biggest air-freight company posted a stronger-than-expected profit.
*Adobe shares up, FedEx down after results. "The early morning action is not surprising given the fact that we've had two days of position jockeying ahead of the FOMC announcement," said Andre Bakhos, director of market analytics at Lek Securities in New York.
Taco Bell says it will start testing a protein-packed menu July 25 at about 40 locations in Dayton, Ohio, with burritos and bowls offering double portions of chicken or steak.
June 19- Electric car maker Tesla Motors Inc said it is recalling 1,228 of its 2013 Model S cars manufactured between May 10 and June 8 due to a defect in the mounting bracket of the rear seat. The recall blemishes a clean public record for the Model S, which received a near-perfect score from the influential Consumer Reports magazine.
TOKYO, June 19- Sony Corp's top investor Daniel Loeb will miss its shareholder meeting on Thursday and those attending will not be considering his proposal to partially spin off the lucrative entertainment business, sources familiar with the matter said.
NEW YORK-- Shares of Research In Motion declined 2 percent before the market opened Wednesday with Bernstein Research predicting that the BlackBerry maker won't measure up to Wall Street expectations in the second half of the year. A representative for Research In Motion Ltd. did not immediately respond to an email seeking comment.
BRUSSELS, June 19- European antitrust regulators fined nine drugmakers, including Denmark's Lundbeck, a total of 146 million euros for blocking the supply of a cheaper anti-depressant to the market, the first EU sanction against such deals.
NEW YORK, June 19- U.S. stock index futures were up modestly Wednesday, holding on to gains over the last two days ahead of a highly anticipated Federal Reserve statement and news conference.
In the most recent case, an Ashburn, Va., woman unleashed a string of expletives and called 911 to report that she was afraid for her life because she said her cabbie, Abdikar Aden of Alexandria, was "very Muslim."
Firefighters in Colorado were mopping up remaining hot spots from the most destructive wildfire in state history that destroyed 502 homes and charred more than 22 square miles after it broke out Tuesday, June 11.
LOS ANGELES-- Selma Blair is making a sudden exit from the Charlie Sheen sitcom "Anger Management." Sheen's manager, Mark Burg, declined comment, as did FX. The sitcom represents Sheen's TV series comeback after he was fired from CBS' "Two and a Half Men" in 2011 after clashing with producers.
NEW YORK-- Mariah Carey and Nicki Minaj will take the stage at the BET Awards. BET announced Tuesday that India.Arie and Ciara will join the former "American Idol" judges as performers at the June 30 awards show. Presenters include Paula Patton, LaLa Anthony, Angela Bassett and Gabrielle Union.
NEW YORK, June 19- For some people, overspending might mean ordering the lobster or splurging on an extra pair of shoes at Macy's. The Portland, Oregon, author woke up one day and decided to go on a trip to China. Along the way, she blew through around $10,000.
PORTLAND, Ore.-- Some University of Oregon fans say it's getting crowded in the bleachers. University spokeswoman Julie Brown says there have been "a few complaints" about extra-wide cushions taking up too much space at venues with bench-style seating, such as Autzen Stadium and Hayward Field.
June 19- FedEx Corp posted a bigger than expected quarterly profit as its ground shipment business did well, and the company saw benefits from lower jet fuel prices.
WASHINGTON-- The Interior Department says it is ready to start a program to help Native American tribes buy parcels of reservation land that have accumulated multiple owners. Outgoing Interior deputy secretary David Hayes says purchase offers should begin at the end of the year and speed up in coming years.
LOS ANGELES-- Michael Jackson's personal chef described for jurors the home lives of the children during the final months of the singer's life and their ongoing grief over their father's death nearly four years ago. It has been replaced, Chase said, by a weight on eldest son Prince Michael Jackson's shoulders.