U.S. stock futures barely budged in pre-market trading Wednesday as positive earnings news from U.S. companies was offset by a disappointing economic report from China.
NEW YORK (AP) — Wall Street investors are hoping today will be a seventh-straight day of gains. Yesterday, the S&P 500 rose 7.66 points, or 0.4 percent, to 1,879.55. The six consecutive gains in the index have marked the longest winning streak since September. The Dow Jones industrial average climbed 65.12 points, or 0.4 percent, to 16,514.37. And the Nasdaq composite gained 39.91 points, or 1 percent, to 4,161.46. Futures point to a sluggish opening today.
HONG KONG (AP) — An early survey says factory activity in China shrank at a slightly slower rate in April.
LAS VEGAS (AP) — A Nevada jury is awarding comedian George Wallace $1.3 million in damages for a leg injury he says he suffered while performing at a Las Vegas Strip resort in 2007.
JACKSON, Miss. (AP) — Mississippi's only PGA Tour event plans to move to Country Club of Jackson, ending a 20-year relationship with Annandale Golf Club.
HONG KONG (AP) — An official measure of Chinese factory activity barely budged last month while a private survey found manufacturing deteriorated in the first quarter, adding to signs the world's No. 2 economy is slowing.
NEW YORK (AP) — The stock market is down. A slide in technology companies dragged the market lower. The Standard & Poor's 500 index fell 13 points, or 0.7 percent, to close at 1,852 today. The Dow Jones industrial average fell 99 points, or 0.6 percent, to 16,268. The technology-heavy Nasdaq composite fell about 61 points, or 1.4 percent, to close at 4,173.
WASHINGTON (AP) — The Federal Reserve is barring Citigroup and four other big banks from increasing their dividends or buying back their own stock because they need better plans for coping with a severe recession.
TAMPA, Fla. (AP) - A man accused of embezzling millions from his wife's employer has pleaded guilty to one count of mail fraud in Tampa federal court.
FILE -- In a July 30, 2012 file photo people walk past a logo of HSBC headquarters in Hong Kong . HSBC, the British banking giant, will pay $1.9 billion to settle a money-laundering probe by federal and state authorities in the United States, a law enforcement official said Monday Dec. 10, 2012. (AP Photo/Vincent Yu, file)
LONDON (AP) -- HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to settle a U.S. money-laundering probe.
(NAPSI)—Did you face foreclosure in 2009 or 2010? If so, the Office of the Comptroller of the Currency says you may be eligible for a free independent review of your case.