Business News
Sony chief says time needed to study proposal
Sony chief says time needed to study proposal from US hedge fund, promises investors revival
GAO says airline merger would reduce competition
Government review says American-US Airways merger would reduce competition on many routes
Fed suggests it's closer to slowing bond purchases
Bernanke says stronger economy means Fed could slow bond buying this year, end it next year
House votes to cut food stamps by $2 billion
House votes to cut food stamps by $2 billion a year as part of wide-ranging farm bill
FedEx 4Q profit drops as priority services lag
FedEx 4Q profit down, international customers choose cheaper service amid low-growth economy
Stocks slide as Fed says bond purchases could slow
Stocks slide and Treasury yields spike after Bernanke says Fed could slow its bond purchases
Car quality dinged by tech glitches, survey finds
Porsche, GMC top annual survey of vehicle quality, but results dragged down by tech features
OfficeMax, Office Depot pit Ill. v. Fla. for HQ
Merging OfficeMax, Office Depot want Ill. and Fla. to vie for combined HQ though tax breaks
Study: Wiser medication use could cut health costs
Study: Wiser medication use could save US $213 billion a year in avoidable health care costs
Bluebird Bio shares rocket higher in trading debut
Bluebird Bio shares jump after raising $101M as IPO prices above expectations
Stocks slide as Fed says bond purchases could slow
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.
Officials: Urban Outfitters pulls pill glasses
Kentucky leaders: Urban Outfitters won't sell shot glasses, flasks that look like pill bottles
Sprint sues to stop Dish Clearwire buyout
Sprint sues to stop Dish Network's buyout offer for Clearwire
Fed sees lower US unemployment, more growth
Federal Reserve foresees lower US unemployment, more economic growth next year
Stuntwoman sues News Corp. over alleged phone hack
Stunt double for Angelina Jolie sues News Corp. over alleged phone hacking; 1st case in US
Oil down slightly as Fed signal easing of stimulus
Oil falls as Fed's brighter economic outlook signals a possible unwinding of stimulus measures
Diverted United 787 passengers resume Tokyo trip
Denver passengers on United 787 that diverted to Seattle resume trip to Tokyo on another 787
Greek coalition talks drag on to end TV crisis
Greek coalition talks drag on to end TV crisis; state broadcaster remains off air
News Summary: Dow slides 206 points on Fed
EASING BACK: Stocks slid and bond yields rose sharply after Federal Reserve Chairman Ben Bernanke said the central bank could start to pull back on its bond purchases later this year if the economy improves enough, and end the program by mid-2014.
Gold and grain futures higher
Gold ended higher and grain contracts climbed in Wednesday trading.


