National Business

Stocks slide as Fed says bond purchases could slow

Trader James Denaro works on the floor of the New York Stock Exchange Tuesday, June 11, 2013. Global stock markets were mostly lower Wednesday June 19, 2013 as investors waited for an update on the U.S. economy from the Federal Reserve.

Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next. 2 hours ago

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Archive by category ''National Business

NATIONAL BUSINESS

GAO says airline merger would reduce competition

A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.
NATIONAL BUSINESS

Fed suggests it's closer to slowing bond purchases

In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.
NATIONAL BUSINESS

As Chairman Ben Bernanke clarifies Fed’s moves, markets freak

The Federal Reserve is likely to begin tapering off its economic life support late this year and finish a controversial program of bond purchases by the middle of the next year, Chairman Ben Bernanke said Wednesday in remarks that triggered fear and loathing in financial markets.
NATIONAL BUSINESS

Men's Wearhouse ousts founder, pitchman Zimmer

Men's Wearhouse doesn't like the way its founder looks anymore.
NATIONAL BUSINESS

How Fed policymakers affect the economy

The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy.
NATIONAL BUSINESS

Fed's moves to aid economy since financial crisis

The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at a record low near zero since December 2008.
NATIONAL BUSINESS

Bluebird Bio shares rocket higher in trading debut

Shares of gene therapy developer Bluebird Bio Inc. surged in their trading debut.
NATIONAL BUSINESS

FedEx 4Q profit drops as priority services lag

FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.
NATIONAL BUSINESS

Car quality dinged by tech glitches, survey finds

Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail.
NATIONAL BUSINESS

News Summary: Men's Wearhouse ousts founder

THE NEWS: Men's Wearhouse Inc. says Wednesday it dismissed its founder and executive chairman George Zimmer, who appeared in many of its TV commercials with the slogan, "You're going to like the way you look. I guarantee it."