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Will the Fed Hint at an Interest Rate Hike?

Tue, 06/16/2015 - 5:58pm
It was quite a turnaround for the markets Tuesday. A broad based rally hitting the tape with all 10 S&P sectors closing the day in the green. 
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Bird flu leads to cheaper chicken in US as other countries restrict poultry products

Tue, 06/16/2015 - 5:48pm
A bird flu outbreak in the Midwest has actually resulted in cheaper chicken meat in the U.S. because exports have been restricted, leaving a plentiful domestic supply.
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Discover will close mortgage unit it bought in 2012, saying it didn't meet expectations

Tue, 06/16/2015 - 5:31pm
Discover Financial Services says it will close its home lending business and will eliminate 460 jobs, or about 3 percent of its workforce.
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Avalanche Biotech tumbles on results for main experimental drug, eye disease treatment AVA-101

Tue, 06/16/2015 - 5:30pm
Shares of Avalanche Biotechnologies plunged after Wall Street was disappointed with clinical trial results for its drug AVA-101, an experimental treatment for "wet" age-related macular degeneration.
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Tracinda to sell MGM Resorts 16.2 percent stake following Kirk Kerkorian's death

Tue, 06/16/2015 - 5:22pm
MGM Resorts says that the will of billionaire Kirk Kerkorian, who died Monday at age 98, orders his investment company to sell its stake in the hotel and casino operator.
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API Data Reportedly Show U.S. Crude Supply Down 2.9 Million Barrels

Tue, 06/16/2015 - 4:54pm
The American Petroleum Institute late Tuesday reported that crude supplies fell 2.9 million barrels for the week ended June 12, according to sources.
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Proposal to freeze historic preservation tax credits dropped from Ohio's budget amid concerns

Tue, 06/16/2015 - 4:53pm
State senators on Tuesday scrapped a plan to freeze tax credits for historic preservation work for two years amid concerns that the proposal could stop some significant restoration projects around the state.
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Ex-AIG CEO says he will appeal a ruling that says he's not entitled to damages from bailout

Tue, 06/16/2015 - 4:49pm
The former chairman and CEO of insurer AIG says he still believes he's entitled to damages as a result of the government's 2008 bailout of the company, and will appeal a court's ruling against him.
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How the Dow Jones industrial average and other major indexes fared on Tuesday

Tue, 06/16/2015 - 4:43pm
U.S. stocks closed higher on Tuesday as investors welcomed more talk of corporate deals.
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La-Z-Boy Quarterly Sales Grow Slower Than Expectations

Tue, 06/16/2015 - 4:32pm
La-Z-Boy Inc. reported a year-over-year increase in fourth-quarter earnings late Tuesday despite weaker-than-expected growth in sales.
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Adobe Systems Posts Higher Profit

Tue, 06/16/2015 - 4:20pm
Adobe Systems Inc. on Tuesday said it earned $147.5 million, or 29 cents a share, in the fiscal second quarter, compared with $88.5 million, or 17 cents a share, a year ago.
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Discover To Layoff 460 Employees As It Exits Mortgage Origination Business

Tue, 06/16/2015 - 4:14pm
Discover Financial Services said it will layoff about 460 employees, primarily in Irvine, Calif., and Louisville, as its closes the mortgage origination business it acquired in 2012.
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Reaction to death of Las Vegas hotel magnate and billionaire Kirk Kerkorian

Tue, 06/16/2015 - 4:10pm
Billionaire Kirk Kerkorian, who built massive hotels in Las Vegas and bought and sold the MGM movie studio multiple times, died Monday at age 98.
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Pennsylvania pursuing record $8.9M fine against Texas energy firm, says methane found in water

Tue, 06/16/2015 - 4:10pm
Pennsylvania environmental regulators are pursuing a record $8.9 million fine against a Texas-based energy company they say repeatedly failed to repair a natural-gas well that contaminated groundwater and a stream in the north-central part of the state.
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U.S. Stocks Close Higher; Dow Gains 113 Points

Tue, 06/16/2015 - 4:06pm
U.S. stocks closed higher on Tuesday, as investors shrugged off worries about unsuccessful Greek debt talks and awaited the outcome of the two-day Federal Reserve policy meeting which concludes on Wednesday.
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Wheat and oats lower, corn and soybeans higher on the CBOT; beef and pork higher on the CME.

Tue, 06/16/2015 - 4:00pm
Grain futures were mixed Tuesday on the Chicago Board of Trade.
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A list of the top 20 prime-time programs in the Nielsen ratings for June 8-14

Tue, 06/16/2015 - 3:50pm
Prime-time viewership numbers compiled by Nielsen for June 8-14.
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IMF approves $40 million disbursement to Jamaica amid latest loan program propping up economy

Tue, 06/16/2015 - 3:39pm
The International Monetary Fund has approved a roughly $40 million disbursement to Jamaica after concluding its eighth review of a loan program propping up the island.
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Prosecutors say dam threatens livelihood of families in Brazilian Amazon

Tue, 06/16/2015 - 3:34pm
Construction of a massive hydroelectric dam is endangering the livelihoods of at least 2,000 families in Brazil's Amazon jungle state of Para, according to federal prosecutors who recommend that efforts to move the residents be suspended.
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Toyota adds nearly 1.4M vehicles to Takata air bag recall including Corolla, Tundra, Sequoia

Tue, 06/16/2015 - 2:59pm
Toyota is adding nearly 1.4 million cars, trucks and SUVs to a growing recall for air bags that can explode with too much force.
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