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U.S. markets news

Bernanke and China send world stocks lower
U.S. stocks fell Wednesday after Fed chairman Ben Bernanke spelled out his plans to begin reducing stimulus. NEW YORK (CNNMoney). Investors may be in for a Bernanke hangover on Thursday.
Global Markets Feel the Fed Tapering Sting  CNBC.com
Dollar Rises Most in 6 Weeks Versus Yen After Fed; Aussie Falls  Businessweek
TIME   Related articles »  
China factory activity hits 9-month low
China's factories are faltering again, pointing to slowing growth in the world's second-biggest economy. HSBC said Thursday that its "flash" index of manufacturing purchasing managers' sentiment fell to a nine-month low of 48.3 in June, as new export orders ...
China Manufacturing Contraction Deepens Amid Cash Pinch: Economy  Bloomberg
Euro zone business slump eases but second quarter contraction likely: PMI  Reuters
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Men's Wearhouse fires founder George Zimmer
Company abruptly fires its founder on the day it was scheduled to hold its annual shareholder's meeting. new. Former Men's Wearhouse chairman George Zimmer is seen in 2008.
Zimmer, You Might Not Like the Way This Looks  CNBC.com
Men's Wearhouse Fires Founder and Pitchman George Zimmer  Businessweek
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United Airlines to Raise Hurdle for Elite Flier Status
The parent of United Airlines said it would add a minimum annual spending level that passengers will have to meet to qualify for elite frequent-flier status.
Airlines to Cheapskate Road Warriors: Pay Up to Keep Your Elite Status  Businessweek
United on Mend After 'Awful' Year, CEO Says  Wall Street Journal- India
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Watchdog Cites Banks for Missteps in Mortgage Relief
Four large U.S. banks have failed to comply with key elements of a landmark $25 billion mortgage settlement, an independent monitor said Wednesday.
Big banks are violating national mortgage settlement, report says  Washington Post
Banks' Mortgage-Service Fixes Faulted by Settlement Monitor  Bloomberg
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Dunkin' to Sell Gluten-Free Doughnuts in Fast-Food First
Dunkin' Donuts is poised to beat McDonald's Corp. (MCD) and Starbucks Corp. (SBUX) in introducing the fast-food industry's first gluten-free pastries nationwide.
Dunkin' Donuts to offer gluten-free donuts, muffins  Boston.com
Gluten-Free Dunkin' Donuts Are Coming  TIME
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Five Banks Must Raise $21 Billion in Fresh Capital: BOE
Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said.
British Banks to Raise Extra $21 Billion in Capital  New York Times (blog)
UK banks told to find further �13bn  Financial Times
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After Two Months Of Deflation, CPI Rises On Higher Rent As Bernanke And The ...
Ahead of one of the most important Fed meetings in recent memory, the Bureau of Labor Statistics released inflation data for May, which showed the consumer price index rising for the first time in three months.
Inflation rises to 2.7% in May  Citywire.co.uk
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How A Merger Could Affect Congress' Favorite Airport
If the US Airways-American Airlines merger announced earlier this year is approved, the combined airline would control two-thirds of the takeoff and landing slots at Reagan National Airport, outside Washington, D.C.. The government could force the airline to ...
US Airways chief warns lawmakers of potential service cuts  Chicago Tribune
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Loeb Raises His Sony Stake, Drive for Entertainment IPO
Hedge-fund investor Daniel Loeb's firm has boosted its stake in Sony Corp., ratcheting up a campaign to persuade the Japanese electronics company to launch an initial public offering of its entertainment division.
Sony Rebuffs New Call to Sell Entertainment Unit  New York Times (blog)
Third Point ups Sony stake, calls for independent entertainment board  Reuters
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