Brighter Fed forecast helps market pare losses
NEW YORK (AP) - A brighter economic forecast from the Federal Reserve helped the stock market pare losses that followed uninspiring reports on consumer sentiment and housing. Stocks slipped from 13-month highs in light trading Tuesday as gains in health care companies helped offset drops in financial and industrial stocks. The Dow Jones industrial average fell 17 points a day after jumping by 133. More »Reports on GDP and consumers signal modest rebound
WASHINGTON (AP) - The economy is growing modestly, with consumers too wary about spending to invigorate the recovery. That's the picture that emerged from reports Tuesday on the economy and the confidence of consumers, who power 70 percent of it. More »Heinz 2Q profit falls 16 percent
PORTLAND, Ore. (AP) - H.J. Heinz Co.'s says its business is thriving in emerging markets but the recession continued to drag down its U.S. and European sales during the second quarter as shoppers limited spending or chose lower-priced products. ``Even though the global recession appears to be abating, there's no question that consumers and customers remain intensely focused on value, which they are more often defining as price,'' said Heinz CEO Bill Johnson ``Consumers in particular are looking for bargains wherever they shop for food and household items.'' More »