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Men's Wearhouse ousts founder, pitchman Zimmer

Wed, 19 Jun 2013 19:28:22 -0400

Men's Wearhouse doesn't like the way its founder looks anymore.

Fed suggests it's closer to slowing bond purchases

Wed, 19 Jun 2013 20:07:17 -0400

In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening.

Car quality dinged by tech glitches, survey finds

Wed, 19 Jun 2013 17:22:16 -0400

Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail.

Stocks slide as Fed says bond purchases could slow

Wed, 19 Jun 2013 19:48:11 -0400

Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next.

5 points to know about the health care overhaul

Wed, 19 Jun 2013 17:05:07 -0400

Still a little hazy about the health care overhaul? You have plenty of company.

IRS draws new criticism over $70M employee bonuses

Wed, 19 Jun 2013 17:47:01 -0400

Already reeling from a pair of scandals, the Internal Revenue Service is drawing new criticism over plans to hand out millions of dollars in employee bonuses.

House votes to cut food stamps by $2 billion

Wed, 19 Jun 2013 20:16:23 -0400

The House voted on Wednesday to cut food stamps by $2 billion a year as part of a wide-ranging farm bill.

GAO says airline merger would reduce competition

Wed, 19 Jun 2013 17:15:32 -0400

A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers.

FedEx 4Q profit drops as priority services lag

Wed, 19 Jun 2013 18:57:50 -0400

FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.

OfficeMax, Office Depot pit Ill. v. Fla. for HQ

Wed, 19 Jun 2013 17:05:50 -0400

OfficeMax Inc. and Office Depot Inc. want Illinois and Florida to compete to be the home of their combined headquarters if their proposed merger is approved by offering the best package of tax breaks that they can.