WASHINGTON _ Labor Department releases weekly jobless claims, 8:30 a.m. Eastern. WASHINGTON _ Freddie Mac, the mortgage company, releases weekly mortgage rates, 10 a.m.. WASHINGTON _ Commerce Department releases new home sales for April, 10 a.m..
*Wells Fargo stake grows to nearly $17 billion. May 15- Warren Buffett's Berkshire Hathaway Inc on Wednesday revealed a new investment in Chicago Bridge& Iron Co and said it has added to its largest equity holding, Wells Fargo& Co..
WASHINGTON, April 22- Clothing retailer Ralph Lauren Corp will pay more than $1.6 million to settle a criminal and civil investigation of allegations that one of its subsidiaries bribed government officials in Argentina.
The past five years haven't been the brightest for the economy or consumers, but that hasn't held back retail stocks. It's been the consumer that has led the way for the Dow Jones Industrial Average since the Oct. 9, 2007, closing peak for the blue chip index, with two retailers landing among the top five performers since that time.
NEW YORK, Feb 6- U.S. stocks were little changed in late morning trading on Wednesday as investors awaited fresh trading incentives after recent rallies took the S&P 500 to five-year highs. Transportation stocks were among the worst performers, weighed down by a 10- percent drop in CH Robinson Worldwide to $60.49 after it reported fourth-quarter earnings.
*Revenue rose 2.2 percent to $1.85 billion. Feb 6- Both Ralph Lauren Corp's holiday quarter results on Wednesday and its early sales forecast for next year pointed to renewed momentum for the fashion company after a rough patch in 2012, sending shares to their highest levels since May.
NEW YORK, Feb 6- U.S. stocks dipped on Wednesday as investors, awaiting fresh trading incentives, locked in profits after recent rallies took the S&P 500 to five-year highs.
NEW YORK, Feb 6- U.S. stocks were poised to open lower Wednesday, indicating the S&P 500 may retreat as it faces resistance to further gains beyond five-year highs in the wake of a 1- percent rally on Tuesday.