April 6, 2014 |
The stock market is hitting new highs - just as corporate profit growth is slowing to a crawl. Rising earnings helped drive share prices to a series of record peaks in the last few years. But that dynamic could be tested this week when companies such as Alcoa Inc. and JPMorgan Chase & Co. begin releasing first-quarter results. Quarterly profits are expected to drop for just the second time in four years. The decline would be relatively small: 1.2% for companies in the Standard & Poor's 500 index, according to FactSet Research Systems.
April 4, 2014 |
A look at the NCAA tournament semifinal between the seventh-seeded Connecuticut Huskies (30-8) and the first-seeded and top-ranked Florida Gators (36-2). When: Today, 3:09 p.m. TV: TBS Breakdown: Florida is the only No. 1-seeded team to survive the two-week tournament gantlet and got to Texas by defeating four teams with a total seeding number of 40: Albany (16), Pittsburgh (9), UCLA (4) and Dayton (11). The Gators' last defeat was Dec. 2 against Connecticut. The Gators are led by four seniors: Scottie Wilbekin, Patric Young, Casey Prather and Will Yeguete.
April 1, 2014 |
WASHINGTON - The Affordable Care Act has passed its first big test, but the law's distribution of winners and losers all but guarantees the achievement will not quiet its political opposition. White House officials, who had a near-death experience with the law's rollout six months ago, were nearly giddy Tuesday as they celebrated an open-enrollment season that ended on a high note. Despite the early problems with the federal website, "7.1 million Americans have now signed up," President Obama declared in a Rose Garden speech to members of Congress, his staff and supporters in which he notably returned to referring to the law as "Obamacare.
March 30, 2014 |
SAN DIEGO - The game between the Dodgers and San Diego Padres on Sunday broke in Major League Baseball's expanded instant replay system. Well, kind of. Neither team challenged a call in the Padres' 3-1 victory. Manager Don Mattingly didn't sound particularly concerned with the implementation of the new technology, even though it wasn't available to the Dodgers until they hosted the Angels on Thursday in the opening game of the Freeway Series. The new system wasn't in effect for the Dodgers' season-opening, two-game series in Australia against the Arizona Diamondbacks.
March 26, 2014 |
SEOUL - - North Korea test-launched two medium-range ballistic missiles early Wednesday in violation of U.N. Security Council resolutions, officials said. The South Korean military said the missiles were launched just after 2:30 a.m. and flew for a little more than 400 miles. The U.S. State Department said the two missiles flew "over North Korea's land mass and impacted in the Sea of Japan. " It appeared that North Korea did not issue maritime warnings about the launches, the department said.
March 26, 2014 |
WASHINGTON - Federal regulators rejected plans by Citigroup Inc. and four other large U.S. banks for dividend payments and stock buybacks after the latest round of stress tests. The results raised concerns about weaknesses in the risk-planning processes of Citi and three of the banks, the Federal Reserve said Wednesday. It was the second time in three years that Citi failed a federal stress test. Citi's chief executive, Michael Corbat, said he was "deeply disappointed" by the Fed's findings, asserting that the nation's third-largest bank by assets was "one of the best-capitalized financial institutions in the world.