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Updated: 36 min 48 sec ago

PIMCO to Cut Some Bank Partners

Wed, 02/25/2015 - 10:50am
PIMCO, the world's biggest bond investor, will cut the number of banks it uses to execute deals over the next two years, as regulation reduces the trading capabilities of many market makers, one of its bond fund managers said on Wednesday.
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City celebrates approval of Los Angeles-area stadium backed by Rams owner, but hurdles remain

Wed, 02/25/2015 - 10:49am
The Inglewood City Council unanimously approved a $2 billion stadium plan backed by St. Louis Rams owner Stan Kroenke that clears a path for the NFL to return to the Los Angeles area for the first time in two decades.
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Hertz Restatement to Hit Profit More than Expected

Wed, 02/25/2015 - 10:46am
Car rental company Hertz Global Holdings Inc said it expects profits for 2011, 2012 and 2013 will be reduced more than expected due to an ongoing restatement of results.
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Jerome Valcke rules out compensating top clubs for switching 2022 World Cup dates in Qatar

Wed, 02/25/2015 - 10:31am
FIFA will not compensate European clubs for disrupting their season by rescheduling the 2022 World Cup, according to the governing body's secretary general.
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Boehner on Homeland bill: Waiting for Senate to act

Wed, 02/25/2015 - 10:31am
House Speaker John Boehner says he's waiting for the Senate to act on legislation to fund the Homeland Security Department ahead of Friday's midnight deadline.
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China's most watched show causes fury over jokes mocking unmarried women, female officials

Wed, 02/25/2015 - 10:31am
China's annual Lunar New Year variety show, which mocked unmarried women and suggested female officials provide sexual favors to get promoted, has led to online outrage and some state media to urge more attention to discrimination against women.
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More cold, snow, ice, wintry mix expected to batter the South, but relief may be in sight

Wed, 02/25/2015 - 10:31am
States of emergencies have already been declared and schools have already been closed ahead of wintry weather mix that is expected to continue to batter much of the South on Wednesday.
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City celebrates approval of Los Angeles-area stadium backed by Rams owner, but hurdles remain

Wed, 02/25/2015 - 10:31am
The city of Inglewood has unanimously and emphatically approved a $2 billion stadium plan backed by St. Louis Rams owner Stan Kroenke that clears a path for a return to the Los Angeles area of the NFL for the first time in two decades.
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TJX Posts 11% Increase in Profit, Plans to Raise U.S. Wages

Wed, 02/25/2015 - 10:11am
The discount apparel retailer reported an 11.4% increase in quarterly profit and said it would raise wages in the U.S. to a minimum of $9 an hour from June.
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Oil Rises as Saudis Say Demand is Growing

Wed, 02/25/2015 - 9:59am
U.S. crude prices rose Wednesday after a fall in the previous session on the heels of a bigger-than-anticipated rise in U.S. crude oil stocks, which have risen steadily over the last few months as domestic production has outstripped demand.
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TJX Beats Profit Expectations And Raises Dividend, But Provides Downbeat Outlook

Wed, 02/25/2015 - 9:57am
Shares of TJX Companies slipped 0.7% in premarket trade Wednesday, after the discount apparel and home fashions retailer's downbeat profit outlook offset better-than-expected fiscal fourth-quarter results and increasing capital returns to shareholders.
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Cablevision Shares Up 1% After Beating Earnings Expectations

Wed, 02/25/2015 - 9:49am
Cablevision Systems Corporation shares were up about 1% in premarket trade Wednesday after the company reported fourth quarter earnings that beat expectations.
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US market indexes open slightly lower ahead of more testimony from Fed's Yellen

Wed, 02/25/2015 - 9:46am
U.S. stocks are opening slightly lower ahead of another round of Congressional testimony from Federal Reserve Chair Janet Yellen.
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Family Dollar Forecasts 4% Increase in Sales

Wed, 02/25/2015 - 9:26am
Just weeks after the company's shareholders approved its acquisition of smaller rival Dollar Tree, Family Dollar said same-store sales rose 1.7% in the two months ended January 31, which included the all-important holiday shopping season.
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Target Beats 4Q Sales Views, Sees 1Q Growth

Wed, 02/25/2015 - 9:21am
The U.S. retailer unveiled a stronger-than-expected jump in comp sales and profits during the holiday shopping quarter, helped by its growing online business. The company also forecast modest earnings growth in the current quarter.
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TJX tops 4Q profit and revenue expectations

Wed, 02/25/2015 - 9:15am
The TJX Cos.
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Wall Street Flat as Investors Prepare for Yellen's Second Day on the HIll

Wed, 02/25/2015 - 9:12am
Wall Street struck a cautious tone on Wednesday as investors looked ahead to Janet Yellen's second day of testimony on Capitol Hill. 
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Cablevision tops 4Q net income expectations, meets revenue forecasts

Wed, 02/25/2015 - 9:04am
Cablevision Systems Corp. (CVC) on Wednesday reported fourth-quarter net income of $56 million.
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McDonald's Accused Of Dodging $1.13 Billion In European Taxes

Wed, 02/25/2015 - 9:04am
McDonald's Corp. has deliberately avoided paying about 1 billion euros ($1.13 billion) in European tax by diverting revenue via a Luxembourg-based subsidiary, labor unions and a campaigning charity said Tuesday.
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Bus-only corridor free for passengers in first 9 days in operation beginning in late March

Wed, 02/25/2015 - 8:48am
Central Connecticut's bus-only corridor will offer free rides to passengers in its first nine days in operation when it begins service March 28.
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