Men's Wearhouse ousts founder, pitchman Zimmer
| |Wednesday, Jun. 19, 2013
NEW YORK — Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore.
FedEx 4Q profit drops as priority services lag
| |Wednesday, Jun. 19, 2013
DALLAS — FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.
Oil little changed before Fed's Bernanke speaks
| |Wednesday, Jun. 19, 2013
NEW YORK — The price of oil was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke.
Correction: Dish-Sprint story
|Tuesday, Jun. 18, 2013
ENGLEWOOD, Colo. — In a story June 18 about Dish Network Corp.'s announcement that it will not submit a revised bid to purchase Sprint Nextel Corp., The Associated Press reported erroneously that Softbank's competing bid for Sprint falls short of Dish's. In fact, the two offers are not directly comparable. Softbank is offering $21.6 billion for a 78 percent stake in Sprint. Dish is proposing to buy all of Sprint for $25.5 billion.
Japan's trade deficit climbs to $10.5B in May
| |Tuesday, Jun. 18, 2013
TOKYO — Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore.
SEC to require mea culpas in some big settlements
| |Tuesday, Jun. 18, 2013
WASHINGTON — The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.
Chrysler agrees to recall of Jeeps at risk of fire
| |Tuesday, Jun. 18, 2013
DETROIT — After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions.
Taco Bell jumps on protein craze with menu test
|Tuesday, Jun. 18, 2013
NEW YORK — Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience - young men.
Stocks move higher as traders wait on the Fed
|Tuesday, Jun. 18, 2013
NEW YORK — The stock market is closing higher as investors anticipate that the Federal Reserve will keep programs to support the U.S. economy in place.
News Summary: Chrysler agrees to recall 2.7M Jeeps
|Tuesday, Jun. 18, 2013
CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it says it realizes customers are worried.
