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Business News
SEC votes to end $1 a share for some money funds
WASHINGTON (AP) -- Regulators have voted by a narrow margin to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors....
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Retail trade group reduces annual sales forecast
NEW YORK (AP) -- The nation's largest retail trade group has pared its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and lingering economic woes....
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US stocks are mixed as corporate earnings roll in
NEW YORK (AP) -- U.S. stock indexes were mostly higher in midday trading Wednesday as investors weighed positive earnings in the technology sector against disappointing news out of aircraft giant Boeing and other companies. Biotechnology stocks were among the biggest gainers....
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China detains employees of suspect meat seller
BEIJING (AP) -- Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier....
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IMF cuts forecast for US economic growth in 2014
WASHINGTON (AP) -- The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter....
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