Lenovo says quarterly profit up 90 percent BEIJING (AP) -- Computer maker Lenovo Group says its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded....Argentine leader raises cash handouts 35 percent BUENOS AIRES, Argentina (AP) -- Argentina's president announced a $3.2 billion annual increase in cash handouts for the poor, students and pregnant women Wednesday, saying the programs will reach nearly 700,000 additional children, pay their families 35 percent more and encourage consumer spending in what is an election year....HP's 2Q offers hope even as revenue slump deepens SAN FRANCISCO (AP) -- Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on more profitable areas of technology appear to be easing the pain....Target, Zale, Saks are big movers NEW YORK (AP) -- Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:...How the Dow Jones industrial average fared Stock indexes fell on Wall Street on fear the Federal Reserve could pull back from its stimulus programs soon....Summary Box: Stocks close lower on Fed fears MIXED MESSAGES: Stocks surged in the early going after Fed chairman Ben Bernanke told Congress the central bank was unlikely to pull back from its stimulus programs soon. Then minutes from a Fed meeting were released that suggested other policymakers think a pullback is possible as early as next month, and stocks dropped....Target's 1Q profit drops 29 pct on weak sales NEW YORK (AP) -- Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending....Lowe's 1Q profit rises, but results miss Street NEW YORK (AP) -- Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales....Gold slips on speculation will Fed cut stimulus Gold prices sank Wednesday as traders weighed the possibility that the Federal Reserve will start paring back its support for the economy in the coming months....Stocks fall on news Fed weighed cutting stimulus NEW YORK (AP) -- Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve....
