While many U.S. business sectors are being hurt by the rising dollar, there's one that is reaping its benefits.» Read More
J.C. Penney posted a 51 percent drop in fourth quarter profit on Friday, and said its loss in the current quarter would be deeper than Wall Street estimates.
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment. Delta Air Lines and Performance Food Group were among the latest names on Wednesday to announce job cuts.
Another round of layoffs was announced on Tuesday, adding to the gloom over rising unemployment.
Stocks staged a late rally to close mostly higher on Thursday after word that the Obama administration was working on a program to subsidize mortgage payments...
Another round of layoffs was announced on Thursday, adding to the gloom over rising unemployment.
It's buy the rumor on the stimulus package, the Geithner package, and hopes that mark-to-market will be modified.
More companies announced layoffs this week as the employment picture continued to dim. News Corp. became the latest victim of the weakening economy, announcing it is planning on cutting jobs after reporting a quarterly loss on Thursday.
More companies announced layoffs this week as the employment picture continued to dim. GlaxoSmithKline and Tiffany & Co. on Thursday became the latest victims of the weakening economy, each cutting an undisclosed number of jobs.
Stocks rallied on Thursday on hopes that the government's plan to shore up the financial system could quickly spark lending.
Stocks eked out a gain after a rough morning as banks got a boost from market chatter that the government may suspend a controversial accounting rule blamed for much of the contagion in the financial industry.
Many retailers saw weak sales as consumer spending largely dried up after the holiday season.
The BoE got a step closer by cutting 50 bps to 1% as expected, The ECB has decided to sit the race out by keeping rates unchanged at 2%.
January retail sales are tomorrow, but the big event will be lowered earnings guidance.
More companies announced layoffs this week as the employment picture continued to dim. Clorox, Time Warner Cable and Fidelity National Financial were among the latest names on Wednesday to announce job cuts.
Plus, a call on Fortune Brands: raise your glasses in toast, or is it a tear-down?
Stocks ended higher Tuesday, snapping a three-day losing streak, as an earnings beat from Merck and better-than-expected housing report gave the market a boost.
Dividend-paying stocks, seen as a safer bet as the market worsens, are a trickier play as companies cut or eliminate dividends to shore up balance sheets.
Another day, another round of corporate layoffs. Liz Claiborne and PNC Financial Services became the latest companies to announce job cuts on Tuesday
Stocks had a topsy-turvy morning as investors digested a revival in pending-home sales and an earnings beat from Merck against some gloomy news out of the tech sector.
US stock index futures struggled to find direction ahead of the open Tuesday, following a mixed close for stocks Monday, as investors feared the government stimulus plan may not provide the catalyst they hoped for.