National Business News
Fed weighed slowing its pace of bond purchases
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June - if the economy showed strong and sustained growth. But those officials appeared at odds over what evidence would demonstrate such gains.
National Business News
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NATIONAL BUSINESS NEWS
GM recalling Cadillac SUVs to tighten wheels
General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.
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NATIONAL BUSINESS NEWS
Tesla uses stock, note sale to repay government
Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.
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NATIONAL BUSINESS NEWS
Median CEO pay rises to $9.7 million in 2012
CEO pay has been going in one direction for the past three years: up.
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NATIONAL BUSINESS NEWS
Stocks fall on news Fed weighed cutting stimulus
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon.
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NATIONAL BUSINESS NEWS
FDA panel backs experimental Merck insomnia drug
A federal panel of medical experts said that an experimental insomnia drug from Merck & Co. Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty driving.
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NATIONAL BUSINESS NEWS
How the Dow Jones industrial average fared
Stock indexes fell on Wall Street on fear the Federal Reserve could pull back from its stimulus programs soon.
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NATIONAL BUSINESS NEWS
Penney secures $2.25B loan as it seeks turnaround
J.C. Penney Co. said Wednesday it has secured a $2.25 billion loan, $500 million more than it had expected, as it tries to stop a collapse in its sales.
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NATIONAL BUSINESS NEWS
Summary Box: Stocks close lower on Fed fears
MIXED MESSAGES: Stocks surged in the early going after Fed chairman Ben Bernanke told Congress the central bank was unlikely to pull back from its stimulus programs soon. Then minutes from a Fed meeting were released that suggested other policymakers think a pullback is possible as early as next...
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NATIONAL BUSINESS NEWS
Fisher-Price moving, eliminating about 100 NY jobs
Toy maker Fisher-Price says it's moving or eliminating roughly 100 jobs from its New York operations as part of restructuring by parent company Mattel Inc.
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NATIONAL BUSINESS NEWS
A divided Fed wrestles with when to slow bond buys
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.
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