Greenspan: Get ready for another taper tantrum
Another market disruption from higher interest rates is virtually certain, according to former Federal Reserve Chairman Alan Greenspan.
Retail sales unchanged; import prices weak in April
U.S. retail sales were flat in April as households cut back on purchases of automobiles and other big-ticket items, indicating the economy was struggling to rebound strongly after barely growing in the first quarter. The weak retail sales report from the Commerce Department, and other data on Wednesday showing the 10th straight month of declining import prices in April, suggest little urgency for the Federal Reserve to start raising interest
Lululemon Athletica's Schweitzer leaving the company
Lululemon’s Executive Vice President of Global Retail, Delaney Schweitzer, is leaving the company. Her resignation from the yoga gear retailer is effective May 29. Schweitzer said in a written statement …
Delta plans $6 billion of buybacks, dividends on fuel windfall
Delta Air Lines Inc. approved a $5 billion stock-repurchase plan, more than double last year’s program, and boosted its dividend by 50 percent, as a windfall of savings on fuel enables it to steer more cash back to investors. Delta said it’s on track to complete the remaining $725 million of its prior $2 billion share repurchase authorization by June 30.
China outlook even worse than imagined: Analyst
The worst of the Chinese slowdown is likely still ahead because of the nation’s debt, according to a senior Morgan Stanley investment strategist.
Supermarket merger, Apple's iBailout and a bourbon barrel shortage
Yahoo Finance’s Midday Movers is live each weekday at 12pm ET, covering all the latest news on the markets, the economy and the biggest stories of the day.
Verizon & AOL: An inevitable match
Perhaps it was inevitable that Verizon would buy AOL, and not just because the telco company is looking to push into content, mobile and video, and AOL—a frequently mentioned takeover target—offers just that.
Wage growth may be on tap as more Americans quit jobs
Americans are becoming more apt to quit their jobs, a government report showed on Tuesday, a sign that a stronger labor market and falling unemployment rate could result in healthier wage growth and inflation. Both wages and inflation tend to follow a rise in the quit rate by a couple of quarters, research from the Chicago Federal Reserve Bank shows. “Once the quit rate gets back to its pre-recession level,
Talks to create $60 billion grocery leader
Royal Ahold NV and Delhaize Group said they’re in merger talks to potentially create the fifth-biggest U.S. supermarket retailer amid increased competition from Wal-Mart Stores Inc. The discussions are “preliminary” and may not result in a transaction, the European owners of the Stop & Shop and Food Lion chains said in separate statements Tuesday. Combining Zaandam, Netherlands-based Ahold and Brussels-based Delhaize would create a business with sales exceeding 54 billion
First-time buyers face hurdles to homeownership this spring
Young people aspiring to buy their first home are already facing disappointment this year. Rising prices are putting more homes out of reach, and pickings are slim because few properties have come onto …
