The yield difference between Treasury five- and 30-year securities narrowed this week by the most in 19 months as traders unwound bets the Federal Reserve would wait until 2014 to announce cuts to its bond buying.
U.S. stocks rose for the week, giving the Dow Jones Industrial Average its biggest gain in three months, as the Federal Reserve said it will reduce the pace of bond buying amid faster-than-estimated economic growth.
The security breach of credit- and debit-card data at Target Corp. is evidence of the increasing threats retailers face and a reminder that the U.S. lags behind much of the world in securing personal financial information.
Ariad Pharmaceuticals Inc., the cancer-drug maker that had lost about 70 percent of its value this year, will return its only product to the U.S. market after regulators approved a new prescribing and risk management plan. The shares jumped 16 percent.
Macy’s Inc. is rewarding bondholders with the retail industry’s biggest returns as the most- profitable U.S. department store boosts sales in the face of what may be the weakest holiday shopping season since 2009.
If Scott Brown decides to run for the U.S. Senate from New Hampshire, he’ll have to get past the National Rifle Association before he can challenge Democratic incumbent Senator Jeanne Shaheen next November.