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As Chairman Ben Bernanke clarifies Fed’s moves, markets freak

Federal Reserve Board Chairman Ben Bernanke speaks at a news conference June 19, 2013 at the Federal Reserve System in Washington, DC.

The Federal Reserve is likely to begin tapering off its economic life support late this year and finish a controversial program of bond purchases by the middle of the next year, Chairman Ben Bernanke said Wednesday in remarks that triggered fear... 8 minutes ago

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Stocks slide as Fed says bond purchases could slow

Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next.
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Men's Wearhouse ousts founder, pitchman Zimmer

Men's Wearhouse doesn't like the way its founder looks anymore.
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How Fed policymakers affect the economy

The Federal Reserve's chief policymaking group, the Federal Open Market Committee, has vast power over the economy through its ability to set monetary policy.

52 minutes ago
JOB NEWS

Bluebird Bio shares rocket higher in trading debut

Shares of gene therapy developer Bluebird Bio Inc. surged in their trading debut.
JOB NEWS

Fed's moves to aid economy since financial crisis

The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at a record low near zero since December 2008.

57 minutes ago
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Leading 3-D printer firms to merge in $403M deal

Stratasys, a leading maker of 3-D printers, is buying another 3-D printer manufacturer, MakerBot, for $403 million in stock.

2 hours ago
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Review: Google Reader's end hatches better service

On July 1, we say goodbye to Google Reader, a handy tool for bringing headlines and articles from your favorite websites into a single place.

2 hours ago
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Microsoft changes Xbox One policies after outcry

Microsoft rolled back a much-criticized requirement that its upcoming Xbox One gaming console be regularly connected to the Internet and made clear that there will be no limitations on sharing games.

3 hours ago
JOB NEWS

News Summary: Men's Wearhouse ousts founder

THE NEWS: Men's Wearhouse Inc. says Wednesday it dismissed its founder and executive chairman George Zimmer, who appeared in many of its TV commercials with the slogan, "You're going to like the way you look. I guarantee it."

2 hours ago
JOB NEWS

Red Hat's 1Q net up on higher subscription revenue

Red Hat Inc., the company behind the Linux open-source operating system, said Wednesday that net income in its fiscal first-quarter grew 8 percent as subscription revenue increased.

3 hours ago