Posts Tagged Financial services

Birth control coverage up for federal appeal

Customers are seen at a Hobby Lobby store in Denver on Wednesday, May 22, 2013.  A challenge to the federal health care law faces its most prominent test yet in a full 10th Circuit hearing in Denver on Thursday. Hobby Lobby stores is challenging a federal mandate requiring it to offer employees health coverage that includes access to the morining-after birth control pill.  The Oklahoma based arts and crafts chain says the mandate violates the religious beliefs of its owners.  (AP Photo/Ed Andrieski)

DENVER (AP) — In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill.

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Sears reports bigger-than-expected 1Q loss

In this Dec. 6, 2012, photo, an employee walks through the appliance department at a Sears in North Olmsted, Ohio. Sears Holdings Corp. reports quarterly financial results before the market opens on Thursday, May 23, 2013. (AP Photo/Mark Duncan, File)

NEW YORK (AP) — Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter with the beleaguered retailer blaming a cooler spring for falling sales.

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Japan gyrations underline economy’s vulnerability

People walk past an electronic stock indicator showing the global stock prices in Tokyo Thursday, May 23, 2013. Japanese stocks plummeted Thursday after a spike in government bond yields and unexpectedly weak Chinese manufacturing spooked investors sitting atop months of massive gains in share prices. The Nikkei 225, top center, nosedived 14,483.98, or 7.3 percent to close at 14,483.98. (AP Photo/Shizuo Kambayashi)

TOKYO (AP) — Japan’s financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation.

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Stocks mixed as investors reassess Fed worries

Trader John Panin, second left, adjusts his glasses as he works on the floor of the New York Stock Exchange Thursday, May 23, 2013. A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. (AP Photo/Richard Drew)

NEW YORK (AP) — Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.

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Why worry? Less aid by Fed would point to recovery

In this  Wednesday, May 22, 2013, file photo, Federal Reserve Chairman Ben Bernanke listens as he testifies on Capitol Hill in Washington, before a Senate Joint Economic Committee hearing on "The Economic Outlook" .  Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected. (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected.

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