NEW YORK - Stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.
- Google first-quarter revenue misses Wall Street targets
- IBM reports lowest quarterly revenue in five years as hardware sales fall
- AmEx profit tops estimates on higher user spending, lower expenses
- U.S. Chamber says non-union groups could reshape labor relations
- GM to seek court protection against ignition lawsuits
Recent Business News
BEIJING - Japanese carmaker Nissan Motor Co is going for a facelift to stand out from the crowd.
WASHINGTON - U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum.
NEW YORK - Persistently low inflation poses a more immediate threat to the U.S. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the U.S. central bank would be delivering policy stimulus for some time to come. | Video
NEW YORK - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
The housing recovery continues, albeit modestly. The S&P/Case-Shiller composite index of house prices in 20 metro areas rose 0.8% in January (seasonally adjusted), according to a report released yesterday.