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U.S. markets news

Bernanke Sees Beginning of End for Fed's Record Easing
Andrew Harrer/Bloomberg. The chairman's description of the end of quantitative easing indicates that Fed officials see the economy finally healing from a burst credit bubble that deflated housing prices by 35 percent over almost six years, left one in 10 ...
US Yields and Dollar Strong, Equities Weak on Stimulus Fears  Wall Street Journal
Europe stocks sink after Fed meeting  MarketWatch
Businessweek   Related articles »  
China Manufacturing Contraction Deepens Amid Cash Pinch: Economy
China's manufacturing is shrinking at a faster pace this month, adding to stresses in the economy and financial system as a cash crunch drives benchmark money-market rates to records.
Euro zone business slump eases but second quarter contraction likely: PMI  Reuters
Euro-zone manufacturing PMI rises to 15-month high  MarketWatch
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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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Banks Blundered on Mortgage Pact
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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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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Five UK Banks Must Plug GBP27.1B Capital Shortfall, BoE Says
LONDON--The U.K. banks regulator toughened rules Thursday on how much equity banks must hold against their assets, as it issued a damning report card showing a GBP27.1 billion capital shortfall across Barclays PLC (BCS), Royal Bank of Scotland ...
UK banks told to find further �13bn  Financial Times
Five Banks Must Raise $21.2 Billion in New Capital, BOE Says  Bloomberg
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Sony chief says time needed to study Daniel Loeb proposal
Sony needs more time to consider a proposal to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive has told shareholders.
Sony plays for time on spin-off proposal  Financial Times
Sony Rebuffs New Call to Sell Entertainment Unit  New York Times (blog)
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South African Inflation Slows to 5.6% as Gasoline Price Falls
South African inflation slowed for the first time in five months to 5.6 percent in May after gasoline prices fell the most since July.
Vital Signs Chart: No Inflation Pressure  Wall Street Journal
Consumer prices nudge up in May, but inflation remains tame  Los Angeles Times
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SNB Vows to Maintain Franc Defense as Global Risks Persist
Switzerland's central bank said that the franc remains �high� and its ceiling on the currency is important to protect the economy in a market environment vulnerable to tensions.
UPDATE 1-SNB lauds UBS, CSuisse capital steps, warns on leverage  Reuters
SNB seen sticking with franc cap, rates policy at quarterly meet  Reuters UK
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