The latest headlines from The Associated Press
Money
Money
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May 23, 2013 @ 1:45 am
IMF head Lagarde in court in fraud probe
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over a controversial financial deal that she oversaw as French finance minister. Continue reading > -
May 22, 2013 @ 8:20 pm
Ford to end auto production in Australia in 2016
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales. Continue reading > -
May 22, 2013 @ 8:10 pm
On top of big salaries, companies pile on perks
Wynn Resorts pays for founder and CEO Steve Wynn's residence at its tony Las Vegas hotel and casino at a cost of nearly $452,000. Continue reading > -
May 22, 2013 @ 4:03 pm
GM recalling Cadillac SUVs to tighten wheels
General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off. Continue reading > -
May 22, 2013 @ 3:36 pm
Tesla uses stock, note sale to repay government
Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early. Continue reading > -
May 22, 2013 @ 3:17 pm
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up. Continue reading > -
May 22, 2013 @ 2:49 pm
How the Dow Jones industrial average fared
Stock indexes fell on Wall Street on fear the Federal Reserve could pull back from its stimulus programs soon. Continue reading > -
May 22, 2013 @ 2:46 pm
FDA panel backs experimental Merck insomnia drug
A federal panel of medical experts said that an experimental insomnia drug from Merck & Co. Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving. Continue reading > -
May 22, 2013 @ 2:35 pm
Penney secures $2.25B loan as it seeks turnaround
J.C. Penney Co. said Wednesday it has secured a $2.25 billion loan, $500 million more than it had expected, as it tries to stop a collapse in its sales. Continue reading > -
May 22, 2013 @ 2:32 pm
Summary Box: Stocks close lower on Fed fears
MIXED MESSAGES: Stocks surged in the early going after Fed chairman Ben Bernanke told Congress the central bank was unlikely to pull back from its stimulus programs soon. Then minutes from a Fed meeting were released that suggested other policymakers think a pullback is possible as early as next month, and stocks dropped. Continue reading > -
May 22, 2013 @ 2:23 pm
US Treasury bond market at a glance
Key barometers in the Treasury market late Wednesday, compared with late Tuesday. Price changes in the 10-year note and 30-year bond are per $100 invested: Prices Today Previous Session 10-year note _$1.00 +31.3 cents 30-year bond _$1.625 +78.1 cents Yields --- --- 1-month bill 0.03 0.01 3-month bill 0.04 0.03 6-month bill 0.08 0.08 2-year note 0.25 0.24 5-year note 0.90 0.82 10-year note 2.04 1.93 30-year bond 3.22 3.13 Inflation note 0.00 0.00 Federal Funds 0.09 0.10 Municipal Bonds (1) 4.15 4.14 ___ 1. Bond Buyer index of 40 actively traded municipal bonds. Continue reading > -
May 22, 2013 @ 2:22 pm
Fisher-Price moving, eliminating about 100 NY jobs
Toy maker Fisher-Price says it's moving or eliminating roughly 100 jobs from its New York operations as part of restructuring by parent company Mattel Inc. Continue reading > -
May 22, 2013 @ 2:17 pm
Target's 1Q profit drops 29 pct on weak sales
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending. Continue reading > -
May 22, 2013 @ 2:11 pm
Lowe's 1Q profit rises, but results miss Street
Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales. Continue reading > -
May 22, 2013 @ 1:50 pm
A divided Fed wrestles with when to slow bond buys
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy. Continue reading >














