Macy's Inc posted a wider quarterly loss on Wednesday, hurt by a persisting decline in sales as shoppers at its department stores shunned unnecessary items in the recession.
Stock index futures fell about 1 percent on Wednesday as investors waited for key retail sales data for an indication of the mood of the U.S. consumer.
Pacific Ethanol Inc said on Tuesday that its first-quarter sales had fallen by nearly half and warned again that it would need to file for bankruptcy protection if it could not soon restructure its debt.
Dr Pepper Snapple Group Inc reported higher-than-expected quarterly profit on Wednesday as consumers drank up its value-priced soft drinks, and the company raised its 2009 profit forecast, sending its shares up 5.9 percent in premarket trade.
U.S. power plants will burn about 2.3 percent less coal in 2009 than they did last year as the recession trims electricity demand, the government's top energy forecaster said on Tuesday.
Stock index futures pointed to a slightly lower open on Wednesday as investors waited for key retail sales data for an indication of the mood of the U.S. consumer.
The European Commission imposed a record 1.06 billion euros ($1.45 billion) fine on chipmaker Intel Corp on Wednesday and ordered it halt illegal rebates and other practices to squeeze out rival AMD.
The European Commission imposed a record 1.06 billion euros ($1.45 billion) fine on chipmaker Intel Corp on Wednesday and ordered it halt illegal rebates and other practices to squeeze out rival AMD.
Economists surveyed by Reuters believe that U.S. retail sales outside the auto sector regained some strength in April, helped by Easter holiday shopping and moderately stronger consumer confidence.
Stock index futures pointed to a mixed open on Wall Street on Wednesday, with futures for the S&P 500 up 0.2 percent, Dow Jones futures flat and Nasdaq 100 futures down 0.1 percent at 4:40 a.m. EDT.
The U.S. dollar fell to a four-month low on Wednesday, its safe haven appeal eroded by optimism about a global economic recovery and concerns about the United States' fiscal health.
The U.S. dollar fell to a four-month low on Wednesday as optimism about a global recovery and concerns about U.S. fiscal health reduced its safe haven appeal, while oil prices near $60 a barrel helped energy shares push most Asian stock markets higher.
U.S. foreclosure activity in April jumped 32 percent from a year ago to a record high, and should mount because temporary freezes on foreclosures ended in March, RealtyTrac said on Wednesday.
Chrysler's bankruptcy may take as long as two years, instead of the two months that President Barack Obama suggested as a target, Bloomberg said, citing an administration official.
The Obama administration has commenced discussions on an initiative to change compensation practices in the financial-services industry, even at companies that were not recipients of federal bailout money, the Wall Street Journal said, citing people familiar with the matter.
The U.S. dollar fell to a four-month low on Wednesday as optimism about a global recovery and concerns about U.S. fiscal health reduced its safe haven appeal, while oil held near $60 a barrel on hopes for more energy demand as inventories tighten.
Ford Motor Co said on Tuesday that it raised $1.4 billion through a 300 million share offer for $4.75 per share, a move that its chief executive said was an important step toward getting profitable again.
The International Monetary Fund (IMF) has urged European banks to be subjected to so-called stress tests to help restore confidence in the banking system.
All electric automaker Tesla Motors said Tuesday the number of reservations for its Model S car has exceeded the company's expectations hitting 1,000 units over the weekend, according to a company spokeswoman.
The two drugs used to treat the influenza should be used carefully and only when needed for the chronically ill, pregnant women and other vulnerable patients, global health officials said on Tuesday.
Freddie Mac, after battling plummeting home prices and a shaky economy, is seeking a $6.1 billion investment from the U.S. Treasury after reporting a first quarter losses.
The United States won election to the U.N. Human Rights Council for the first time on Tuesday, joining 17 other nations picked for the body, after the Obama administration ended a U.S. policy of boycotting it.
