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.
According to Robert Cyran of the New York Times, buying salesforce.com, inc. (NYSE:CRM) could make Microsoft Corporation (NASDAQ:MSFT) business customers less likely to stop using Office, but it would come at a steep price.
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.
(Reuters) - U.S. stocks ended weaker on Wednesday after U.S. Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout.