Standard & Poor's News
-
U.S. stock futures rose, after equity benchmarks climbed to record highs yesterday, as investors awaited Federal Reserve Chairman Ben S. Bernanke’s testimony on the economy and the central bank’s asset purchases.
-
Target Corp., the second-largest U.S. discount retailer, said first-quarter earnings fell 29 percent and cut its forecast for profit this year as higher taxes and cooler temperatures hampered sales.
-
Stocks in Europe declined from their highest level in almost five years before Federal Reserve Chairman Ben S. Bernanke testifies on the outlook for the world’s biggest economy. U.S. futures advanced, while Asian stocks were little changed.
-
Toll Brothers Inc., the largest U.S. luxury-home builder, reported fiscal second-quarter earnings that beat analyst estimates as demand jumped and orders reached the highest level in seven years.
-
Saks Inc. hired Goldman Sachs Group Inc. to explore strategic alternatives, including a sale of the company, said two people with knowledge of the matter.
-
European shares fell from an almost five-year high, U.S. stock-index futures were little changed and oil slid before Federal Reserve Chairman Ben S. Bernanke speaks on the economy. The yen weakened to a three-year low against the euro after the Bank of Japan maintained its easing plan.
-
Los Angeles voters elected Councilman Eric Garcetti as mayor of the second-largest U.S. city, replacing Antonio Villaraigosa and inheriting a budget that relies on city unions to forgo 5.5 percent raises next year and uses about three-quarters of a reserve fund.
-
Lowe’s Cos., the second-largest U.S. home-improvement retailer, reported first-quarter profit that trailed analysts’ estimates as unseasonably cold weather damped demand for garden supplies.
-
Federal Reserve Bank of New York President William C. Dudley said policy makers will know in three to four months whether the economy is healthy enough to overcome federal budget cuts and allow the central bank to begin reducing record stimulus.
-
Egypt’s central bank will offer a record $800 million at a currency auction to local lenders today to finance imports of staple foods and medicines after Standard & Poor’s warned of accelerating inflation.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page