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.
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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.
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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.
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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.
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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.
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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.
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Sector Snap: Homebuilders gain as Toll orders jump (AP)
Toll Brothers Inc.s jump in orders signaled that Americans demand for new homes is increasing, sending shares of big U.S. homebuilders sharply higher Wednesday.
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Sprint shares slip after SP warning (AP)
Shares of Sprint Nextel Corp. slipped Wednesday as Standard Poors warned it may cut the wireless providers credit rating based on the its weak performance this year.
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Ahead of the Bell: Hewitt Associates upgraded (AP)
Hewitt Associates Inc. is adding new contracts and its consulting revenue should get a boost as corporate spending recovers, a Deutsche Bank analyst said Wednesday as he upgraded the human resources consulting and outsourcing company.
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Ahead of the Bell: Adobe Systems (AP)
Shares of Adobe Systems Inc. should have more room to climb following recently announced job cuts, a Jefferies Co. analyst said Wednesday.