Stocks recover after two day plunge as Fed path signals gains
After a two day slide stocks rose on Friday signaling traders expect the Fed's easy money era to ease. The Dow added 41.08 points to 14 799.40 while the S P 500 gained 4.24 to 1 592.43 led by consumer staples utilities and health care. The week still ended lower with the Dow down 1 8 percent and the S P 500 down 2 1 percent.
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Wall Street
Federal Reserve
Jim Dunigan
PNC Wealth Management
Fed
Standard & Poor
Gap Inc. mix‑up sends employee records to customer
Emily Dreyfuss and fiancé received about 20 former Gap Inc. employees files including Social Security numbers and W4 forms after ordering a tie. The company blamed a human error and pledged to strengthen procedures to prevent future mis mailings.
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San Francisco
Emily Dreyfuss
Gap
Banana Republic
Dreyfuss
Cambridge
Mass
Gap Inc
CNET
Edie Kissko
Restrictions on electronics during takeoffs eased delayed to September
The FAA extended the deadline for an advisory panel to recommend easing electronic device rules on takeoffs and landings to September after requests for more time to assess safety. In other business news Starbucks raises prices about 1 percent nationally, with limited impact on most drinks. Olive Garden and Red Lobster promos aim to drive traffic, drawing investor concerns over margins. Unemployment drops in half the states, led by California and New York, with job gains in Ohio Texas and Michigan.
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Washington, D.C
Federal Aviation Administration
New York
Olive Garden
Darden Restaurants Inc
Darden
U.S
California
West Virginia
Hawaii
Labor Department
Ohio
Texas
Michigan
Also Mentioned on This Page
Richard Drew
Jonathan Corpina
New York Stock Exchange
Richard Dreyfuss
HR Administration
Windsor Jewelers
Gold Buying Center
Sterling
Business News
FAA
Starbucks
Lisa Passe
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