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U.S. markets news

Target to cut $2 billion in costs, thousands of jobs
Target Corp. is cutting several thousand jobs as part of a plan to eliminate $2 billion in costs over the next two years, the retailer announced Tuesday.
Target to ax thousands of jobs in $2 billion cost-cutting push  Mashable
Target to cut thousands of jobs as seeks to cut costs by $2 billion  Reuters
NY City News  
Auto sales up in nation and Chattanooga, but hit by snow
In this Jan. 13, 2015, file photo, Ford F-150 pickup trucks are lined up at the Lee Sapp Ford dealership in Ashland, Neb.eet demand for the new F-150 pickup truck.
Auto industry slows for bad weather  Longview News-Journal
February auto sales climb despite cold, snowstorms  Milwaukee Journal Sentinel
Has Orexigen Endangered Its Future To Boost Its Stock?
Obesity drug maker Orexigen Therapeutics Orexigen Therapeutics disclosed this morning that early data from a study of its drug Contrave seem to show that not only does the medicine not cause heart attacks, as some feared, but that it may actually prevent ...
Orexigen jumps on possible heart benefit  U-T San Diego
Orexigen Therapeutics Shares Gap Up After Analyst Upgrade (OREX)  WKRB News
US stocks close lower, one day after reaching record-highs -- U.S. stocks fell broadly on Tuesday, one day after the Dow Jones Industrial Average and S&P 500 traded in record territories, while the NASDAQ Composite index reached the 5,000 level for the first time in 15 years.
Callaway: This time Nasdaq 5000 is different  USA TODAY
After Reaching Milestones, Markets Take a Breather  New York Times
India's central bank surprises with early post-budget rate cut
The Reserve Bank of India (RBI) Governor Raghuram Rajan listens to a question during a news conference, after the bi-monthly monetary policy review, in Mumbai, Febraury 3, 2015.
Modi's budget finally gets Raghuram Rajan's approval with a surprise ...  Quartz
India central bank cuts key interest rate as inflation eases  San Francisco Chronicle
Fed Yellen: Limiting Risk-Taking Can Reduce Threat of Crisis
The regulatory and supervisory measures taken by the Federal Reserve since the last financial crisis can't guarantee another one will not happen, Federal Reserve Chair Janet Yellen said Tuesday, but improved oversight can make it less likely and reduce ...
Yellen says Fed learning from mistakes of 2008 crisis  Glens Falls Post-Star
Fed Chair Yellen reports small dip in assets for 2014  Sioux City Journal
Uber invests in mapping software with deCarta acquisition
Uber has bought California-based software mapping company deCarta as it aims to "fine tune" its mapping technology. An Uber spokesperson told ZDNet that the acquisition of deCarta will enable the company to enhance its existing mapping technology ...
Uber snaps up mapping company deCarta  CNET
Uber buys deCarta to improve mapping and arrival estimates  PCWorld
How a 25-Year-Old Investor Spurred Lumber Liquidators' Plunge
Lumber Liquidators, a retailer of hardwood flooring and accessories, is now under fire for allegedly selling products with more formaldehyde than is allowed by California law.
Lawmaker wants 'immediate' probe of embattled Lumber Liquidators  New York Post
Arizona homeowners wary of formaldehyde in flooring
A Famed VC Says There's No Discrimination at Kleiner
In this 2006 file photo, Kleiner Perkins Caulfield and Byers senior partner John Doerr poses for a portrait with partner Ellen Pao outside of their office in Menlo Park, Calif.
Kleiner Trial Is A Front Row Seat To A VC Firm In Flux  TechCrunch
Venture capitalist Doerr seeks to fend off Kleiner sexism charges  Reuters
Springleaf CEO's holdings surge to $151M on OneMain deal
Stock granted to Springleaf Holdings Inc. CEO Jay N. Levine in 2013 soared Tuesday after the company said it would buy subprime lender OneMain Financial from Citigroup Inc. for $4.25 billion.
UPDATE 4-Springleaf to buy Citi's OneMain to become top US subprime lender  Reuters
How Citigroup wins from losing most profitable unit  The Globe and Mail