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Wall Street ends lower; Apple out of favor

SAN FRANCISCO U.S. stock indexes closed lower on Thursday, with market heavyweight Apple out of favor on concerns about its latest iPhones, while financials rose as investors reacted to rising expectations for a third interest rate hike this year.

Recent Business News

Yellen's stock rises as she leads Fed from crisis-era policy

NEW YORK/WASHINGTON From her early days as Federal Reserve chair, Janet Yellen has been the target of criticism from Republicans worried that the central bank's massive bond-buying programs and near-zero interest rates engineered by her predecessor would be the ruin of the country.

1:50pm EDT

Wells Fargo CEO to testify before Senate as questions linger over scandal

WASHINGTON Wells Fargo Chief Executive Tim Sloan is due to testify before Congress on Oct. 3 as the bank deals with fallout from a sales scandal a year ago that continues to spark new revelations.

2:34pm EDT

Exclusive: Macquarie leapfrogs Goldman to join top tier of commodity banks

LONDON Australia's Macquarie Group Ltd has overtaken Goldman Sachs to break into the top three banks for commodities business, having significantly expanded its U.S. energy operations in recent years while rivals cut back.

Toys 'R' Us plans holiday hires including toy demonstrators

Toys "R" Us Inc, the U.S. toy retailer that filed for bankruptcy protection this week, said on Thursday it is hiring part-time seasonal workers to staff its stores for the holidays, including for a new position of toy demonstrator. | Video

12:04pm EDT

Brazil police formally accuse JBS Batista brothers of insider trading

SAO PAULO Brazil's federal police on Thursday formally asked prosecutors to bring charges against brothers Wesley and Joesley Batista, the owners of meatpacker JBS SA , for insider trading.

1:22pm EDT


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