Business Headlines

Wednesday, June 19, 2013

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Business Headlines

On this page we've assembled links to stories from national business news sources including the Associated Press, CNN/Money, The Wall Street Journal, The New York Times and others.

Please let us know if you're aware of other important news sources we should add to this page.

To read an entire story, simply click on the link and a new window will open; after reading, hit the back arrow and you'll return to this page to continue scanning headlines.

AP Business Headlines

Fed suggests it's closer to slowing bond purchases

WASHINGTON (AP) -- In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening....

Stocks slide as Fed says bond purchases could slow

NEW YORK (AP) -- 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....

Men's Wearhouse ousts founder, pitchman Zimmer

NEW YORK (AP) -- Men's Wearhouse doesn't like the way its founder looks anymore....

Car quality dinged by tech glitches, survey finds

DETROIT (AP) -- Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail....

5 points to know about the health care overhaul

Still a little hazy about the health care overhaul? You have plenty of company....

Wall Street Journal Headlines

Dolce and Gabbana Convicted of Tax Evasion

A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.

For Web Firms, Faster Access Comes at a Price

Facebook, Google and Microsoft and other Internet companies have been paying broadband-service providers for connections to get faster and smoother access into their networks. Netflix has been reluctant.

White-Collar Sentences Get a Fresh Look

A hearing this week on whether to substantially reduce former Enron CEO Jeffrey Skilling's 24-year prison sentence comes amid a growing debate about the rules for punishing white-collar criminals.

SandRidge CEO Ousted, Gets $90 Million Exit Pay

SandRidge Energy chief Tom Ward was ousted by the company's board and given an about $90 million severance package following a probe of dealings with businesses controlled by members of his family.

Microsoft Explored Deal for Nokia

Microsoft was recently in advanced discussions with Nokia about a purchase of its device business, in a marriage that could have reshaped the mobile-phone industry.

CNNMoney Headlines

Stocks tumble on hint of Fed easing

Read full story for latest details.

Much faster Wi-Fi coming soon

A new, faster version of Wi-Fi was officially rubber-stamped Wednesday.

3-D printing companies in big merger

Read full story for latest details.

IRS to pay $70 million in bonuses

Read full story for latest details.

Men's Wearhouse fires the 'I guarantee it' guy

Read full story for latest details.

NY Times Business Headlines

G.A.O. Says Airline Merger Will Reduce Competition

A report from the Government Accountability Office noted that on seven of 12 nonstop routes, generally between an American and US Air hub, there was no other nonstop competitor.

Stocks Slide on Fears of Cuts to Fed’s Bond-Buying Program

The steep market declines on Wednesday underscored the fears circulating through trading desks that the economy is not strong enough to do without the Fed’s support.

Optimistic Fed Outlines an End to Its Stimulus

Policy makers, more confident about the recovery, said they intended to reduce their monetary stimulus program later this year if unemployment continues to decline.

Crop Genetics Team Wins Food Prize, Amid Dissent

Robert Fraley of Monsanto shares the prize with two other scientists prominent in the field of genetically modified crops.

Dolce and Gabbana Fined in Italian Tax Case

Domenico Dolce and Stefano Gabbana were handed a suspended sentence and a fine that could reach 10 million euros for hiding income from authorities.

USA Today Business Headlines

Sean Combs, Conan, other stars shine at Cannes

Stars show up at the ad festival, but they don't necessarily know exactly what it's about.

Ask Matt: Can government view online broker accounts?

Ask Matt: Online services haven't been named for government sharing, but . . . .

What to watch: Bonds may suffer, too, as Fed shifts

If you think the Fed's plan to start dialing down its bond purchases later this year is just bad for stocks, think again.

Shift in Fed policy rattles markets anew

Fed's latest hint of pulling back some stimulus sparks stock and bond sell-off.

Chrysler's public 'no' to Jeep recall could spread

Chrysler's initial public 'no' on Jeep recall could trigger the same from other automakers

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