Employers are squeezing their workers’ retirement savings, holding back on both the amount and the timing of 401(k) matching funds and dragging out vesting schedules. Taken together, these measures are making it more difficult to save for old age.
U.S. stocks rose, after benchmark indexes ended a four-day rally yesterday, as better-than- forecast earnings and a $45.2 billion takeover of Time Warner Cable Inc. overshadowed a drop in retail sales.
Whole Foods Market Inc., the largest U.S. natural-goods grocer, fell the most in more than three months after posting profit that trailed estimates and lowering its full-year forecast amid increased competition.
Whole Foods Market Inc., the largest U.S. natural-goods grocer, posted fiscal first-quarter profit that trailed analysts’ estimates and lowered its forecast for the year as sales growth slowed amid increased competition.
Expedia Inc.’s higher-than-estimated earnings yesterday capped a week of mixed results that left the ratio of Standard & Poor’s 500 Index profits beating analysts’ predictions this reporting season at 76 percent.
Coca-Cola Co. agreed to buy a 10 percent stake in Green Mountain Coffee Roasters Inc. for about $1.25 billion and work with the maker of Keurig coffee brewers to introduce a system for producing single-serve cold drinks.
General Motors Co. and Aetna Inc. posted earnings that fell short of analysts’ estimates today, reducing the ratio of Standard & Poor’s 500 Index profits that beat predictions this reporting season to 76 percent.
While the rest of the country remains focused on Detroit’s bankruptcy travails, the big story in the city itself is the group of private investors who are attempting an ambitious urban turnaround. Led by Dan Gilbert, owner of Quicken Loans Inc., they are trying to rebuild everything -- retail, housing, start-ups, transit and even street life -- in the seven-square-mile downtown area.
U.S. stocks fell a third day and the gauge for emerging-market shares dropped to a four-month low while the yen gained with Treasuries as data showed growth in the services industries in America and China slowed.