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. 1369173026

United Tech CEO sees stronger economy, airlines

The chief executive of aerospace giant United Technologies Corp. is optimistic about an improving economy and airline industry.

FILE - In this Tuesday, Feb. 21, 2012 file photo, traders work on the floor at the New York Stock Exchange in New York. Stock indexes are edging higher in early trading on Wall Street Tuesday, May 21, 2013, as investors look ahead to the Federal Reserve's next moves.

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. 1369175717

Average credit card debt, late payments fall in 1Q

Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.

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. 1369167363

Indexes edge higher on Wall Street in midday trade

Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.

Average credit card debt, late payments fall in 1Q

Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.

Chesapeake names Anadarko executive as new CEO

Chesapeake Energy has named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO.

Actavis buying Warner Chilcott in $8.5B deal

Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.

FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday.

Small company stocks take the limelight

Small companies are taking the limelight on a choppy start to the week.

This undated image provided by Kellogg's shows a photo of Special K Nourish that is slated to hit stores in July 2013. Kellogg Co. is building on its biggest moneymaker even further with the “hot cereal” that’s made with quinoa and other grains.

Special K churns out products in brand evolution

Special K was once just a line of cereals. Today, it's a diet food empire. Photo Gallery Available

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. 1369171214

Wal-Mart told to provide more info in bribe case

A judge in Delaware ordered attorneys for Wal-Mart Stores Inc. to turn over more information to shareholders seeking records on how the company responded to allegations of bribery involving its operations in Mexico.

FDA has safety concerns with Merck insomnia drug

Federal health regulators say an experimental insomnia drug from Merck can help patients fall asleep, but it also carries worrisome side effects, including daytime drowsiness and suicidal thinking.

Economists predict increase in consumer spending

Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists.

Rates mixed at weekly US Treasury bill auction

Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in five weeks.

Warren Buffett gives young entrepreneurs 10 shares

Meeting Warren Buffett was exciting, but 10-year-old Matthew Meyer said winning $5,000 and 10 shares of stock in Buffett's company made Monday the best day of his life.

US futures subdued as investors take stock

U.S. stock futures are relatively flat as investors take a breather and some analysts wonder how long the bull-market run can last.

Warren Buffett enjoys playing salesman-in-chief

Billionaire Warren Buffett isn't just Berkshire Hathaway's chairman and CEO. He's also the chief salesman.

News Summary: Chesapeake names new CEO

THE NEW GUY: Chesapeake Energy named Anadarko Petroleum executive Robert Douglas Lawler as its new CEO. Lawler is a petroleum engineer with 25 years of experience in the exploration and production industry.

Business Breaking News

Merck to repurchase $5B in common stock

United Tech CEO sees stronger economy, airlines

Stocks gain on reassurance from a top Fed official

Average credit card debt, late payments fall in 1Q

Stock indexes close higher on hopes for Fed

Indexes edge higher on Wall Street in midday trade

Average credit card debt, late payments fall in 1Q

Chesapeake names Anadarko executive as new CEO

Actavis buying Warner Chilcott in $8.5B deal

Small company stocks take the limelight

Special K churns out products in brand evolution

Summary Box: Stocks close higher on hopes for Fed

Wal-Mart told to provide more info in bribe case

FDA has safety concerns with Merck insomnia drug

Economists predict increase in consumer spending

Rates mixed at weekly US Treasury bill auction

Warren Buffett gives young entrepreneurs 10 shares

US futures subdued as investors take stock

Warren Buffett enjoys playing salesman-in-chief

News Summary: Chesapeake names new CEO

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