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AP Top Business News At 3:21 a.m. EDT
Sony chief says time needed to study proposal TOKYO (AP) -- Sony Corp. needs more time to study a key proposal from a U.S. hedge fund to spin off a part of its entertainment unit as a way to propel its fledgling revival, the chief executive told shareholders Thursday....
Men's Wearhouse ousts founder, pitchman Zimmer NEW YORK (AP) -- Men's Wearhouse doesn't like the way its founder looks anymore....
Fed suggests it's closer to slowing bond purchases WASHINGTON (AP) -- In a move that could send interest rates higher, Fed Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program this year and end it next year because the economy is strengthening....
Car quality dinged by tech glitches, survey finds DETROIT (AP) -- Car buyers increasingly want high-tech features like voice recognition and navigation. But they're not very forgiving of the car company when those systems fail....
Stocks slide as Fed says bond purchases could slow NEW YORK (AP) -- Financial markets shuddered Wednesday after the Federal Reserve said it could start scaling back its huge economic stimulus program later this year and end it by the middle of next....
5 points to know about the health care overhaul Still a little hazy about the health care overhaul? You have plenty of company....
IRS draws new criticism over $70M employee bonuses WASHINGTON (AP) -- Already reeling from a pair of scandals, the Internal Revenue Service is drawing new criticism over plans to hand out millions of dollars in employee bonuses....
House to vote on cuts to crop insurance WASHINGTON (AP) -- The House will vote Thursday on whether to cut federally-subsidized crop insurance that helps farmers when they lose crops or revenue....
GAO says airline merger would reduce competition DALLAS (AP) -- A government review finds that the merger of American Airlines and US Airways would reduce competition on more than 1,600 routes traveled by more than 53 million passengers....
FedEx 4Q profit drops as priority services lag DALLAS (AP) -- FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring....
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