National Business News

Stocks slide as Fed says bond purchases could slow

Trader James Denaro works on the floor of the New York Stock Exchange Tuesday, June 11, 2013. Global stock markets were mostly lower Wednesday June 19, 2013 as investors waited for an update on the U.S. economy from the Federal Reserve.

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. 22 minutes ago

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Archive by category ''National Business News

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

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Fed's moves to aid economy since financial crisis

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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."

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News Summary: Dow slides 206 points on Fed

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Still a little hazy about the health care overhaul? You have plenty of company.
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Gold and grain futures higher

Gold ended higher and grain contracts climbed in Wednesday trading.
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How the Dow Jones industrial average fared

Stocks fell sharply Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year and end them by mid-2014 if the economy improves enough. High-dividend stocks like telecommunications and utilities fell the most. Markets have been making...

3 hours ago