Thu, Mar 6, 2014, 7:57 PM EST - U.S. Markets closed
U.S.
  • S&P 500 ends at record on jobless data; payrolls eyed

    U.S. stocks mostly rose on Thursday, with the S&P 500 closing at yet another record on better-than-expected jobless claims data and the European Central Bank's move to keep rates unchanged. But the overall sentiment was cautious ahead of Friday's all-important U.S. nonfarm payrolls report and tensions between Ukraine and Russia. The CBOE Volatility Index or VIX (.VIX), Wall Street's so-called fear gauge, ended up 2.3 percent at 14.21.The VIX generally moves inversely to the performance of the S&P 500 and is often used to hedge against a market decline. Thursday's milestone marked the S&P 500's fourth record closing high over the past six sessions.

    11 mins ago
  • Cerberus Capital to buy Safeway for about $9.4 billion

    Safeway Inc , the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer ...

    11 mins ago
  • Four indicted in U.S. for fraud in Dewey & LeBoeuf collapse

    Less than a month after writing that he did not want to "cook the books anymore," but facing a deadline to show lenders that Dewey & LeBoeuf had enough cash, the law firm's top finance executive emailed a colleague that he "came up with a big one," according to investigators. "You always do in the last hours," the law firm's executive director Stephen DiCarmine replied to the December 29, 2008 email from chief financial officer Joel Sanders, according to investigators. The communications and other evidence are the basis of criminal and civil charges announced in New York on Thursday in which the law firm's former leaders are accused of accounting gimmicks and fraud to cheat banks and investors in a failed attempt to keep their prestigious law firm alive. Dewey & LeBoeuf once had as many as 1,400 lawyers, before going bankrupt in May 2012.

    11 mins ago
  • Costco stumbles, Staples goes splat

    Costco stumbles on earnings as Staples slides on store closures; Jeff Macke digs into the numbers

    11 mins ago
  • Olive Garden's new logo leaves investors with bad taste

    You can’t please all of the people all of the time but the folks at Olive Garden were probably hoping for better reviews when the company changed its logo.

    11 mins ago
  • Why ADP and Moody’s numbers suggest a weak jobs report

    Private sector employment increased by 139,000 in February. January's numbers were revised downward from 175,000 to 127,000.

    11 mins ago
  • Stocks close mostly higher; S&P hits another record

    Stocks were mostly higher Thursday after the government reported that the number of people filing for unemployment benefits fell last week to the lowest level in three months.

    11 mins ago
  • Gap sales tank, stock falls

    Gap is down 4% to $40.61 after hours.

    11 mins ago
  • Cerberus Capital to buy Safeway for about $9.4 billion

    (Reuters) - Safeway Inc , the second-largest U.S. mainstream grocery store operator, said private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion. The offer price of $40 per share represents a premium of 1.3 percent to Safeway's Thursday closing stock price of $39.47 on the New York Stock Exchange. The deal combines Safeway with Cerberus' Albertsons chain, creating a dominant grocery franchise on the West Coast. Safeway shareholders will receive $32.50 per share in cash plus other distributions with a value of $3.65 per share.

    11 mins ago
  • Wealth rebounds — but mostly for the wealthy

    The wealthy have recovered nearly everything from before the recession. The rest of us haven't.

    12 mins ago