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By Jeff Kearns and Joshua Zumbrun, Bloomberg |
May 22, 2013
Many Federal Reserve officials said more progress in the labor market is needed before deciding to slow the pace of asset purchases, according to minutes of their last meeting.
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By Adam Satariano, Bloomberg |
May 22, 2013
Tim Cook’s tenure at the helm of Apple Inc. has been a crash course in crisis management. In almost two years since Cook became chief executive officer, Apple has lurched from one reputation-threatening public-relations predicament to the next.
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By Jesse Westbrook, Bloomberg |
May 22, 2013
Hedge funds’ returns have stayed “lackluster” this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor’s 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.
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By Jeremy van Loon and Rebecca Penty, Bloomberg |
May 22, 2013
Oil pipelines, under attack from environmentalists, are essential to Canada’s economic growth just as railroads were in the 1880s, Enbridge Inc. Chief Executive Officer Al Monaco said.
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By Craig Torres, Bloomberg |
May 22, 2013
Federal Reserve Chairman Ben S. Bernanke said the U.S. economy remains hampered by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery.
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By Lorraine Woellert, Bloomberg |
May 22, 2013
Sales of previously owned U.S. homes rose in April to the highest level in more than three years as housing continued to gain momentum.
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By Silla Brush |
May 21, 2013
Chairman Gary Gensler’s recusal from the investigation into MF Global was unnecessary, according to the agency’s internal watchdog.
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By Dawn Kopecki and Hugh Son |
May 21, 2013
JPMorgan Chase & Co. CEO Jamie Dimon survives a push to divide the roles after the biggest U.S. bank suffered a record trading loss.
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By Rebecca Christie |
May 21, 2013
Government bonds should be excluded from the European Union’s planned financial-transaction tax, a panel of European debt-management officials said.
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By Whitney Kisling, Bloomberg |
May 21, 2013
Goldman Sachs Group Inc. said the U.S. stock-market rally may last at least another 2 1/2 years, sending the Standard & Poor’s 500 Index up 26% to 2,100.
