Stocks finished flat on Wednesday as cautious comments from FedEx and weak housing market data overshadowed a surge in industrial production.
The company said the IPO of 11.1 million shares will be priced at $14 to $16 per share.
United Auto Workers delegates will gather in Detroit this week to elect new leaders as the union emerges from the U.S. auto industry's near-death experience with fewer workers, lower wages and an uncertain set of bargaining chips.
U.S. regulators seized Washington First International Bank in Seattle on Friday evening, bringing the total of failures so far this year to 82.
Boeing Co workers at a C-17 plant in Long Beach, California, will return to the job on Monday, ending a one-month strike, but Boeing faces another possible work stoppage at a plant in St. Louis.
Hewlett-Packard Co was sued on Wednesday by a New Jersey company that accused it of stealing and using its trade secrets to make replacement laser printer cartridges, and threatening its survival.
Wall Street advanced on Wednesday after unofficial data showed Chinese exports topped expectations, boosting hopes for a global recovery.
Connecticut's top prosecutor called on Google Inc on Monday to say whether it had collected data from personal and business wireless networks without the owners' permission.
The economic downturn has clipped the wings of luxury air travel.
Electric carmaker Tesla Motors said on Wednesday it does not expect the contentious divorce of its chief executive, Elon Musk, to affect its plans to list its shares and does not rely on him to provide further funding.
May brought lackluster sales results for retailers, with discount chains turning in the strongest performance, as consumers again showed their cautious side in a fitful economic recovery.
May brought lackluster sales results for U.S. retailers, with discount chains turning in the strongest performance, as consumers again showed their cautious side in a seasonally weak period for spending.
Facebook Chief Executive Mark Zuckerberg said he has no date in mind to take the Internet social networking company public, and defended changes to the service that have provoked privacy concerns.
The easy access to voice mail that AT&T and T-Mobile offer their mobile phone subscribers when abroad infringes patents held by a Swiss company, a lawsuit filed in federal court in Delaware says.
Some former officials at Moody's said they felt intimidation from bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes of the financial crisis.
Pending sales of previously owned U.S. homes hit a six-month high in April, as prospective home owners took advantage of a popular homebuyer tax credit, a survey showed on Wednesday.
Some former Moody's analysts said they felt intimidated by bosses to assign rosy ratings to risky debt products, according to testimony to a government panel probing the causes of the financial crisis.
Production line workers at Foxconn's southern China manufacturing hub will get a 30 percent pay rise, as top customer Apple Inc called recent suicides at the plant troubling but said the site was not a sweatshop.
Production line workers at Foxconn's southern China manufacturing hub will get a 30 percent pay rise, as top customer Apple Inc called recent suicides at the plant troubling but said the site was not a sweatshop.
Apple Inc Chief Executive Steve Jobs finds troubling a string of worker deaths at Foxconn, the contract manufacturer that assembles the company's iPhones and iPads, but said its factory in China is not a sweatshop.
Legendary investor Warren Buffett appears this week before a commission searching for the causes of the 2008 financial crisis, to provide his assessment on the role a much-maligned credit rating industry played.
Stocks fell on Friday, capping off their worst month in over a year as a downgrade by Fitch of Spain's credit rating reignited worries about euro-zone debt issues.
