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AP Business News
11/24/2009 20:32:01
|  Brighter Fed forecast helps market pare losses
NEW YORK (AP) - A brighter economic forecast from the Federal Reserve helped the stock market pare losses that followed uninspiring reports on consumer sentiment and housing. Stocks slipped from 13-month highs in light trading Tuesday as gains in health care companies helped offset drops in financial and industrial stocks. The Dow Jones industrial average fell 17 points a day after jumping by 133. More » |  Reports on GDP and consumers signal modest rebound
WASHINGTON (AP) - The economy is growing modestly, with consumers too wary about spending to invigorate the recovery. That's the picture that emerged from reports Tuesday on the economy and the confidence of consumers, who power 70 percent of it. More » |  Heinz 2Q profit falls 16 percent
PORTLAND, Ore. (AP) - H.J. Heinz Co.'s says its business is thriving in emerging markets but the recession continued to drag down its U.S. and European sales during the second quarter as shoppers limited spending or chose lower-priced products. ``Even though the global recession appears to be abating, there's no question that consumers and customers remain intensely focused on value, which they are more often defining as price,'' said Heinz CEO Bill Johnson ``Consumers in particular are looking for bargains wherever they shop for food and household items.'' More » |  CPSC chief pledges swift action after crib recall
WASHINGTON (AP) - The head of the Consumer Product Safety Commission on Tuesday promised swift action to get dangerous products off the market, acknowledging that the agency didn't move quickly enough on a record recall of more than 2 million cribs linked to four deaths. ``We were not advancing this case as quickly as possible,'' Chairman Inez Tenenbaum said in an interview with The Associated Press. ``So, I put all of the resources for the agency on this project so that they could accomplish this goal of recalling the crib.'' More » |  Top 2 booksellers report losses, their shares fall
NEW YORK (AP) - Barnes & Noble Inc. and Borders Group Inc., the nation's two largest brick-and-mortar book sellers, both posted quarterly losses Thursday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening. Barnes & Noble, the larger of the two, also cut its forecast for annual profit, and shares of both retailers fell. More » |
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Market News
