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Stocks posted sharp declines across the board Wednesday, with the Dow ending below 15,000, following weakness in overseas markets and amid concerns over when the Fed will start tapering its bond-buying program on the heels of several mixed economic reports.
SAC told employees in a letter dated June 3 that it will survive what it characterized as "significant" redemptions, according to sources.
Check out which companies are making headlines after the bell Wednesday:
In a major shakeup, Susan Rice, who came under GOP fire for her initial accounting of the deadly attack on a U.S. compound in Libya, will become national security advisor.
Real estate and banking grew but a strong level of hiring was still hard to find amid "modest to moderate" economic growth, according to the Fed's latest economic observations.
European shares accelerated losses to close lower on Wednesday, as investors reacted to a string of economic data released for key European countries.
Activity in the US services sector picked up slightly in May, though growth was lackluster. A separate report showed that new orders for US factory goods rose in April.
The Treasury Department says it will begin another round of sales of the General Motors stock it acquired during the government's bailout of the auto industry.
U.S. labor-related costs fell in the first quarter by the most in four years, but nonfarm productivity rose modestly.
Private-sector job creation was weaker than expected in May, as the economy struggled to break free of what appears to be a summer slowdown on the horizon.
Some of the names on the move ahead of the open.
In another volatile afternoon session, the Nikkei tumbled 3.8 percent to a new two-month low on Wednesday while the yen inched higher after Prime Minister Shinzo Abe's third "Abenomics" arrow failed to impress investors.
Prime Minister Shinzo Abe has unveiled a long-term plan to revive the economy and economists say execution is now key.
Stocks finished in the red, with the Dow snapping its Tuesday winning streak, amid ongoing worries over the future of the Fed's bond-buying policy and ahead of Japanese Prime Minister Shinzo Abe's speech.
Apple is "disappointed" with U.S. trade panel's ruling it infringed a Samsung patent.
Check out which companies are making headlines after the bell Tuesday:
European markets closed higher, but off session highs in afternoon trade on Tuesday, as worse-than-expected factory data for the euro zone dented investor sentiment.
Economic growth isn't coming fast enough to the justify the artificially high asset prices created by the Fed's massive bond-buying program, Pimco's Mohamed El-Erian tells CNBC.
The trade deficit widened less than expected in April as the lowest petroleum bill in nearly 2-1/2 years tempered the rise in imports.
A vast majority of Republicans and conservatives support immigration reform if the law solves the problem of illegal immigration, Republican Sen. Marco Rubio told CNBC on Tuesday.