NEW YORK - U.S. stocks eased on Wednesday as weaker-than-expected economic data spurred concerns over growth ahead of Friday's jobs report and first-quarter earnings.
Recent Business News
NEW YORK - HSBC Holdings Plc is making progress toward cleaning up its operations, after reaching a $1.92 billion settlement of charges related to money laundering, but has not done enough, the U.S. Department of Justice said on Wednesday.
- Wall Street analysts may be inadequately accounting for the dollar's sharp first-quarter rally, setting up a scenario in which some multinational companies may miss already low earnings estimates and be punished with selloffs of their shares.
WASHINGTON - U.S. private employers added the smallest number of workers in more than a year in March and factory activity hit a near two-year low, fresh signs that economic growth slowed significantly in the first quarter.
- Simon Property Group Inc scrapped its attempt to buy Macerich Co, ending what could have been the largest deal between U.S. shopping mall operators after Macerich rejected its sweetened offer of $23.2 billion including debt.
- Wal-Mart Stores Inc is looking at how it sources its products in an effort to reduce prices, especially as commodity prices fall globally, the head of the its U.S. division said on Wednesday.