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U.S. markets news

Stanley Fischer Suggests Fed Will Give Less Guidance
The Federal Reserve's vice chairman, Stanley Fischer, said that it was time for the central bank to bring a little more mystery to its relationship with financial markets, suggesting on Friday that the postcrisis era of detailed guidance was drawing to a close.
Dudley, top US economists urge later Fed rate hike  Reuters
Fed's Fischer: 'It's about time' for rate hike  CNBC
Financial Times  
Stocks fell Friday but have best month since October 2011
Stocks fell Friday as the Nasdaq failed to hit the 5000 mark again, but markets still managed to post strong gains for the month. The Dow Jones industrial average fell 81.72 points, or 0.5%, to close at 18,132.70, and the Standard & Poor's 500 index fell 6.24 ...
Wall Street ends down after data; posts strong gains for month  Economic Times
Nasdaq Caps Best Month Since '12 as Apple Stock Adds $66 Billion  Bloomberg
Walmart Learns It's Better To Lead Than To Follow
Walmart's announcement that it would increase the minimum wage beginning this year to $9, and ultimately $10 per hour for all employees came as something of a surprise, given how entrenched the company had become in maintaining and defending the ...
Walmart, other big companies, increase minimum wage for its workers  KHON2
$nine an hour: Pressure for franchises to hike wages  Beacon Review
Credit Suisse Sees Slight Improvement In FY15 For JC Penney (JCP)
In a report published on Friday, Credit Suisse commented on J C Penney Company Inc's (NYSE:JCP) performance outlook during financial year 2015 (FY15).
J.C. Penney Tumbles as Forecast Disappoints Investors  Bloomberg
J C Penney Company Rating Reiterated by Deutsche Bank (JCP)  sleekmoney
Upbeat Consumers Propel U.S. Fourth-Quarter Growth: Economy
Consumer spending last quarter climbed by the most in four years, underscoring the underlying strength of the expansion. Photographer: Emile Wamsteker/Bloomberg.
US Economic Growth at Year's End Is Revised Down to 2.2%  New York Times
5 reasons US economy is stronger than Q4 GDP suggests  Washington Post
Index of Pending Home Sales Rose in January
The National Association of Realtors said on Friday that its seasonally adjusted pending home sales index increased 1.7 percent to 104.2 last month.
For Pending Home Sales, You May Call It A Comeback TOL LEN DHI  Investor's Business Daily
Pending home sales signal spring boost to housing market  Scotsman Guide News
UPDATE 3-Former AIG head Benmosche dies; led insurer after bailout
(Adds family details and career history). By Luciana Lopez and Jennifer Ablan. NEW YORK Feb 27 (Reuters) - Robert Benmosche, who took the helm of insurer American International Group after a massive government bailout at the height of the financial ...
Benmosche Recalled as Tenacious, Fighter as Colleagues Mourn  Bloomberg
Robert Benmosche, Rescuer of AIG, Dies at 70  New York Times
Oil, sometimes up and sometimes down, ends the week with a gain
Crude oil gained Friday, capping off a week in which prices traded in a relatively narrow up-and-down band. More Information. Price swings.
Crude Oil Puts End To Monthly Losing Streak  Investor's Business Daily
Most in OPEC are Nervy But Saudis Aren't  Forbes
Weekly gas report: Downward trend in prices appears to have come to an end
A nearly two-month downward trend in West Hawaii's gasoline prices appears to have come to an end this week, an analysis of AAA and GasBuddy.
Large price increases at the pump predicted  Grand Forks Herald
Analyst: Price Of Gas To Rise 15 Cents Over Next Week�Then Higher  CBS Local
U.S. Oil-Rig Retreat Slows as Fewest in 8 Weeks Are Shut
Rigs targeting oil fell by 33 to 986, the smallest decline since Jan. 2, Baker Hughes Inc. said on its website Friday. Energy rigs in the Permian Basin shale region dropped by seven to 355 after dropping by as much as 49 earlier in the month.
The oil patch rig count is down, but only technically speaking  Quartz
US rig count decreases 43 to 1267  KDWN