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U.S. markets news

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 ...
Wal-Mart, the Market Combine in Minimum Wage Hike  Wall Street Journal
Why Wal-Mart decided to finally pay its workers more  Washington Post (blog)
Dudley, top US economists urge later Fed rate hike
NEW YORK (Reuters) - Raising interest rates too late is safer than acting too early, an influential Federal Reserve official said on Friday, endorsing a high-profile research paper that argues the U.S.
Fed's Fischer: 'It's about time' for rate hike  CNBC
Fed stimulus 'only now being fully felt'  Financial Times
US fourth-quarter economic growth is revised down to 2.2%
The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit.
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
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
Large price increases at the pump predicted
BISMARCK -- GasBuddy predicts large price increases at the pump in the next two to three weeks. �Just since Monday, Feb. 2, wholesale prices nationwide have increased by an average of 54 cents per gallon,� Patrick DeHaan, senior petroleum analyst for ...
Analyst: Price Of Gas To Rise 15 Cents Over Next Week�Then Higher  CBS Local
Gas prices soar in California as supply shrinks  Glens Falls Post-Star
Robert Benmosche, Rescuer of AIG, Dies at 70
Robert H. Benmosche, a former MetLife chairman who engineered one of the greatest financial turnarounds in American corporate history when he took charge of the failed industry giant American International Group and restored it to health after it had been ...
Benmosche Recalled as Tenacious, Fighter as Colleagues Mourn  Bloomberg
Former AIG head Benmosche dies; led insurer after bailout  Fortune
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
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  Washington Post
Pending home sales signal spring boost to housing market
Pending home sales jumped in January, the National Association of Realtors (NAR) reported Friday, a sign that the housing market could perk up in the early spring despite several mixed reports this week on the condition of the housing recovery.
Signed contracts to buy U.S. homes rise to 18-month high  Chicago Tribune
Pending home sales hit 18-month high in January  The Hill