WRAL.com Business Headlines

Stocks slide as Fed says bond purchases could slow

Wed, 19 Jun 2013 23:09:30 -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.

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.

Commerce Department reorganization gets committee nod

Wed, 19 Jun 2013 14:41:09 -0400

Much of North Carolina's job recruitment apparatus would be turned over to a nonprofit under a reorganization bill that cleared the House Commerce Committee.

NC nonprofits fight for tax status

Wed, 19 Jun 2013 13:05:21 -0400

Nonprofit leaders from across the state say the Senate's tax plan would do serious harm to their organizations and the people they serve.

Banks fall short in helping struggling homeowners

Wed, 19 Jun 2013 15:41:15 -0400

Homeowners trying to avoid foreclosure must wait too long for their loan modification applications to be reviewed by some of the nation's top mortgage servicers, according to a report released Wednesday. Such delays can plunge borrowers deeper in debt.

Porsche tops in annual survey of vehicle quality

Wed, 19 Jun 2013 13:01:07 -0400

Porsche is the top performer in an annual survey of new vehicle quality.

Google wants court to lift gag order on government data requests

Wed, 19 Jun 2013 07:04:00 -0400

Yahoo! on Tuesday became the latest technology company to give details of government data collection, following disclosures by Apple Inc., Facebook Inc. and Microsoft Corp., all of whom have revealed thousands of warrants for data from government entities.

FedEx 4Q profit drops as priority services lag

Wed, 19 Jun 2013 08:49:31 -0400

FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options.

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.

Alcatel-Lucent plans overhaul, big cost cuts

Wed, 19 Jun 2013 09:23:04 -0400

Telecommunications equipment manufacturer Alcatel-Lucent launched a major effort Wednesday to boost its fortunes by shedding businesses and jobs as part of a deep cost cutting program.

HP's Whitman replaces head of struggling PC business

Wed, 19 Jun 2013 07:08:25 -0400

Hewlett-Packard Chief Executive Officer Meg Whitman is reorganizing the company's struggling personal-computer business, replacing longtime head Todd Bradley with one of his deputies amid a global PC slump.

Dish won't submit revised bid for Sprint

Wed, 19 Jun 2013 00:52:26 -0400

Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.

Japan's trade deficit climbs to $10.5B in May

Wed, 19 Jun 2013 04:02:21 -0400

Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore.

SAS, Quintiles rank among best places to work in IT

Tue, 18 Jun 2013 10:36:50 -0400

SAS Institute and Quintiles (NYSE:Q), widely recognized as two major contributors to the Research Triangle's economy, are now being recognized as two of the top places to work in IT.

NSA director says plot against Wall Street foiled

Wed, 19 Jun 2013 00:23:15 -0400

The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying.