Wall Street edges lower after service sector data
Stocks added to losses Wednesday, following a report that showed private employers added less jobs than expected in March and the U.S. services sector showed the weakest growth in seven months. (Read More: Retail Investors Are Back! But Don't Hit 'Sell' Just Yet) The Dow Jones Industrial Average declined, led by Bank of America and General Electric, after hitting fresh intraday and closing hig...
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Found more than 1 month ago on channel
MSNBC
Texan's Plans Put Wall Street on Edge
The chairman of the House financial services committee, Jeb Hensarling, wants to limit taxpayers' exposure to banking, insurance and mortgage lending.
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Dell drama takes new twist with 2 new buyout bids
The two new suitors pursuing Dell have a message for Wall Street: Don't allow Michael Dell to hoard potential gains from the PC maker's expansion into more profitable technology products and services.Competing bidders Carl Icahn and the Blackstone Group LP are wooing Dell shareholders with an offer of a little more money today coupled with the possibility of even bigger returns if the struggling p...
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Found more than 1 month ago on channel
MSNBC
Car Buying, Reenvisioned: More Like Shopping for Apple Gadgets, Ice Cream, or a Date
Buying a new car is an awful experience. The sentiment has been expressed by many people, in many colorful ways. A few examples: In 2009, John Krafcik, CEO of Hyundai Motor America, addressed a crowd of auto insiders with refreshing honesty when he admitted that the entire industry was “viewed with contempt,” and that “we have reached the point where, frankly, Americans would rather go to the dentist than visit a car dealer.” The traditional back-and-forth games at car dealerships is “a process designed for the village idiot,” according to the CEO of the nation’s largest car dealership chain, quoted in a recent Wall Street Journal piece. “Buying a car sucks,” Scott Painter flatly told NPR. Painter is the founder and CEO of TrueCar, a service that’s supposed to help consumers buy cars at a decent price—and theoretically makes the experience less sucky. (MORE: How Car Buying Is Becoming Less Awful — Or At Least Less Time-Consuming) Does it have to be this way? The NPR ...
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Before the Bell: Dow industrials, services index in focus
Wall Street is leaning higher on Tuesday, with the Dow Jones Industrial Average less than 40 points from its record close. Investors will parse one key data point: the ISM benchmark for the U.S. services sector. Oil prices bounced off a year-to-date low set Monday.
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