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Business News
US stocks barely budge as banks slip after two-day surge
NEW YORK (AP) -- U.S. stocks are hardly budging Thursday morning after big gains over the last two days. Banks and chemicals companies are down the most. However retailers, which have been pummeled in recent weeks, traded higher following a group of strong earnings reports....
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Pending US home sales hit highest level since February '06
WASHINGTON (AP) -- Americans signed more contracts to buy homes in April for the third straight month, driving pending home sales to the highest level in more than a decade....
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Sears 1Q loss widens, looking at options for Kenmore, others
NEW YORK (AP) -- Sears' fiscal first-quarter loss widened as it suffered another sales drop at its Kmart and namesake stores....
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Hamburger chain Wendy's says Todd Penegor is now CEO
NEW YORK (AP) -- Wendy's says Todd Penegor is now CEO and president of the hamburger chain, a move that was previously announced late last year....
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US durable goods orders up, but business investment slips
WASHINGTON (AP) -- Orders to U.S. factories for long-lasting manufactured goods rose in April by the most since January. But much of the strength came from a surge in the volatile category of commercial aircraft. A key category that tracks business investment fell for a third straight month, a sign that manufacturing remains under stress....
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