U.S. stocks declined after Federal Reserve Chairwoman Janet Yellen spooked investors by warning of potential pitfalls for investors, referring to stock values as �quite high.
The latest speculation now centers around Microsoft acquiring Salesforce to boost its cloud offerings. Salesforce is the No. 1 provider of customer relationship management software that helps companies improve their work with customers and vendors.
Private employers in the United States added in April the smallest monthly number of workers in more than a year. And, in another report, the Labor Department found that nonfarm productivity fell in the first quarter as harsh winter weather depressed output.
(CNN Money) - Wendy's announced plans Wednesday to sell 640 of its company-owned restaurants in the United States and Canada. The sales are a part of the burger chain's plan to reduce the number of company-owned locations.
Federal Reserve Chairwoman Janet Yellen said Wednesday stock market valuations appear "quite high" and some bond and loan markets suggest investors may be taking excess risks, though she said risks to financial stability generally are contained.