US auto factories cutting back on summer downtime

Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.

US auto factories cutting back on summer downtime

Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.

Bernanke testimony to be studied for policy clues

When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper _ or increase _ its support for the economy.

Japan's trade deficit hits $8.6B due to weaker yen

Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.

JPMorgan's Dimon survives shareholder referendum

Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needs better oversight by giving only narrow approval to three of the bank's board members.

Best Buy reports 1Q loss on restructuring costs

Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.

Volkswagen to put special fuel caps on diesels

Volkswagen is replacing the fuel tank covers on more than 200,000 of its diesel vehicles sold in the U.S. and Canada to remind owners to fill their tanks with diesel _ not gasoline.

Stocks gain on reassurance from a top Fed official

Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.

Housing recovery boosts Home Depot 1Q results

Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.

Merck to repurchase $5B in common stock

Merck & Co Inc. said it will repurchase $5 billion worth of its common stock under an accelerated share repurchase agreement with Goldman Sachs & Co.

JPMorgan Directors Glance: How shareholders voted

Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO of the nation's largest bank, keep both his jobs Tuesday. Dimon also received strong support to be re-elected to the bank's board.

Business Highlights

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US Treasury bond market at a glance

Summary Box: Stocks close higher on hopes for Fed

FED WATCH: Stock indexes wobbled in early trading Tuesday, then turned higher just before noon. That's when news crossed that James Bullard, a Federal Reserve official, told an audience that the Fed should stick with its bond-buying effort to bolster the economy.

Corn falls after farmers catch up on planting

The price of corn fell after U.S. farmers planted record amounts of corn last week, easing concern that earlier planting delays would harm this year's crop.

How the Dow Jones industrial average fared Tuesday

Stocks indexes hit new highs on Wall Street as investors bank on continued support from the Federal Reserve.

Stock indexes close higher on hopes for Fed

Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve.

Figures on government spending and debt

Oil slips as traders wait for Fed, supply data

The price of oil fell Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.

NJ's Revel casino exits bankruptcy court

Revel, a brand new but struggling Atlantic City casino, has formally emerged from bankruptcy.