Macys holiday outlook a turkey, stock drops (Reuters)
U.S. department store operator Macys Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 7.9 percent.
Cytec shares fall; Goldman cites industry troubles (AP)
Californias ongoing fiscal crisis has attracted national attention, but a study warns that nine other states are barreling toward similar economic disaster.
Sigma shares fall on signs of market share loss (AP)
Shares of Sigma Designs Inc. fell Wednesday after an analyst downgraded the chip maker on signs that its losing greater-than-expected market share to rival Broadcom Corp.
Moodys upgrades Nasdaq rating, will review NYSE (AP)
Moodys Investors Service on Wednesday upgraded its rating on Nasdaq OMX Group Inc. by one notch to the lowest level of investment grade.
Stocks inch up as Fed comments lift sentiment (Reuters)
U.S. stocks edged up on Wednesday as comments by Federal Reserve officials suggested interest rates will stay low for some time, but gains were limited by strength in the U.S. dollar.
US risks following Japans example of stagnancy (AP)
Heavy government stimulus spending and near-zero interest rates did little to end a lost decade of stagnation and mushrooming debt in Japan. Some economists and lawmakers say the U.S. may wind up following the same trajectory.
The AICPA Files Lawsuit Challenging Application of Federal Trade Commissions Red Flags Rule to CPAs (Business Wire)
WASHINGTON----The American Institute of Certified Public Accountants filed a lawsuit in the U.S. District Court for the District of Columbia seeking an injunction barring the Federal Trade Commission from applying its so called Red Flags Rule, which would impose onerous and unnecessary requirements on AICPA members.
Fitch: Native American Gaming Expansion: Waiting for the Fed Government to Play Its Hand (Business Wire)
NEW YORK----In a special report released today, Fitch Ratings says there are two important issues that will determine the future for the Native American gaming industrys expansion: whether tribes will have access to the debt capital needed to finance growth, and federal government policy decisions regarding approvals for future Native American gaming developments on off-reservation […]
Oil settles near $78 as Chinas economy rebounds (AP)
Oil prices ticked higher Wednesday as OPEC said the world would consume more crude in 2010 than previously expected, and China said its economy improved.
Autodesk and ICF Outline Path to Achieving Carbon Reductions in Buildings (Business Wire)
PHOENIX----Autodesk Inc. , a world leader in 2D and 3D design, engineering and entertainment software, and ICF International, the global professional services firm that studies climate change, have launched a study that posits a new technique to increase the energy efficiency of buildings, the worldâ??s biggest polluters.