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U.S. markets news

Target to cut thousands of jobs
(Reuters) - U.S. retailer Target Corp on Tuesday said it planned to cut several thousand jobs, mainly from headquarters locations, as part of a restructuring that will cut $2 billion in costs over two years.
Target talks about layoffs, cost cutting and saving $2 billion  NY City News
Target to cut thousands of jobs in $2B growth strategy  USA TODAY
MediaPost Communications  
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.
February puts a chill in U.S. auto sales  Press Herald
Trucks, SUVs Drive February Auto Sales  MediaPost Communications
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 Therapeutics Shares Gap Up After Analyst Upgrade (OREX)  WKRB News
Orexigen jumps on possible heart benefit  U-T San Diego
Best Buy reports better than expected earnings, increases shareholder dividend
Best Buy has reported 1.3 percent increase in revenue at $14.2 billion for fourth quarter. The company reported better sales in mobile phones and LED TV segment during the holiday season.
Best Buy signals new cost-cutting phase  The Columbian
Best Buy hikes shareholder dividend, offers one-time payment  SFGate
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.
Reserve Bank of India cuts rates in yet another surprise  CNNMoney
Indian Bonds Rally With Rupee After RBI's Unscheduled Rate Cut  Bloomberg
US stocks fall from records; tech stocks retreat
US stocks finished down on Tuesday, a day after the S&P and Dow hit records, and the Nasdaq retreated with technology stocks. Soft auto sales numbers and Iran commentary also gave some investors pause after a strong run-up for major indexes in ...
Asia stocks down after US fall as China growth goal eyed  Houston Chronicle
Callaway: This time Nasdaq 5000 is different  USA TODAY
Dick's Sporting Goods Posts Stronger-Than-Expected Profit And Revenue
Like a golfer who studies his game, makes adjustments and gradually improves his score, Dick's Sporting Goods has put in the work and is seeing the effort pay off on the scoreboard.
Dick's sees overwhelming trading volume following better than expected ...  SMN Weekly
Dick's Sporting Goods Bats Strong Q4 � Game Still On? DKS FL  Investor's Business Daily
Indian services growth at eight-month high in Feb - HSBC PMI
March 4 (Reuters) - Activity in India's services industry expanded at its fastest pace in eight months in February as improving domestic demand drove a surge in new orders, a business survey showed on Wednesday.
China's services sector rebounds a bit in February  MarketWatch
Airlines reject rechargeable battery shipments
WASHINGTON - Two major U.S airlines say they will no longer accept rechargeable battery shipments as new government tests confirm that explosions and violent fires are likely to occur when large numbers of batteries enclosed in cargo containers ...
Major airlines ban shipments of rechargeable batteries  Waterbury Republican American
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  azcentral.com