US stocks rise in early trading on earnings news
U.S. stocks are rising Wednesday on second-quarter earnings reports and deal news. Investors are also keeping an eye on Federal Reserve Chair Janet Yellen, who is testifying to Congress for a second day.
Unemployment rate down slightly in Missouri
A new report says Missouri’s unemployment rate fell slightly in June to 6.5 percent from 6.6 percent the month before.
Mall to hold public meeting to form sales tax district
A resolution to impose a 1-cent sales tax to be charged by most of the stores at Northpark Mall is to be taken up Wednesday at a public organizational meeting of the Northpark Lane community improvement district.
US stocks mostly down as investors digest earnings
The Federal Reserve’s latest take on the U.S. economy put many investors into sell mode Tuesday, sending stocks mostly lower after a brief upward turn early in the day.
Amazon petitions Federal Aviation Administration for permission to fly drones for deliveries
Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
Tobacco firm Reynolds American to buy Lorillard
Cigarette maker Reynolds American Inc. is planning to buy rival Lorillard Inc. for about $25 billion in a deal to combine two of the nation’s oldest and biggest tobacco companies.
Yellen says economy still needs Fed support
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
Stock futures edge up following mixed retail data
Stock futures edged higher Tuesday as investors digested mixed U.S. retail sales data and several corporate earnings reports.
Stocks move higher on earnings, acquisition news
Stocks shook off last week’s doldrums and finished sharply higher Monday, driven by a round of corporate deal news and strong earnings from Citigroup.
Citigroup to pay $7B in subprime mortgages probe
Citigroup announced Monday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages, the type that helped bring on the financial crisis.
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