WASHINGTON _ Federal Reserve policymakers meet to set interest rates; statement and economic forecast due at 2:00 p.m. Eastern; Chairman Ben Bernanke holds press conference at 2:30 p.m.. FedEx Corp. reports quarterly financial results. Hennes& Mauritz, the Swedish clothing retailer, reports quarterly financial results.
*Inditex and Kabel Deutschland among top gainers. LONDON, June 12- Gains at German media group Kabel Deutschland and clothing retailer Inditex enabled European shares to rebound higher on Wednesday after two straight days of losses.
MADRID-- Spanish clothes retailer Inditex, which owns the Zara store chain, is blaming currency fluctuations for its lowest first-quarter growth in four years. Inditex said Wednesday that profit for February through April grew by 1.4 percent to 438 million euros compared with the same period last year.
CHARLOTTE, N.C.-- Clothing retailer Cato Corp. said Thursday that revenue in stores open at least a year fell 2 percent in May as its spring and summer fashions failed to entice customers into stores.
DuckDuckGo CEO Gabriel Weinberg says web traffic on his search engine, billed as an alternative to Google that doesn't store your private information, surged 33 percent after the NSA news broke. Weinberg discusses the model of his search engine, and how the company makes money.
Wednesday, 19 Jun 2013 | 6:31 AM ETJohn Silvia, Wells Fargo Securities, and Barbara Marcin, Gabelli Dividend Income Fund, discuss whether investors should reconsider allocating their portfolios as the Fed wraps up its two-day policy meeting.
Wednesday, 19 Jun 2013 | 8:53 AM ETKen Langone, Invemed Associates chairman and president, called Fed Chairman Ben Bernanke a "lame duck."