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BofA CEO says foreclosure deal will take time

A settlement between a coalition of federal and state agencies and banks over foreclosure practices will take longer to hammer out than many expect, Bank of America Corp Chief Executive Brian Moynihan said on Wednesday.

GM, Ford report lower U.S. auto sales in May

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General Motors Co and Ford Motor Co reported slightly lower U.S. vehicle sales in May as broader economic weakness and higher vehicle prices prompted consumers to delay major car purchases.

Instant view: Factory growth slows in May

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Factory activity growth slowed in May to its lowest level since September 2009, suggesting a loss of momentum in the economy in the second quarter, according to the Institute for Supply Management.
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GM May U.S. vehicle sales dip

General Motors Co on Wednesday said total vehicle sales in May fell slightly from a year ago as sales of its Chevrolet brand, including its top-selling Silverado pickup truck, fell 3.5 percent.
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SAC faces insider trading probe on MedImmune: report

SAC Capital Advisors LP faces an insider trading probe from the U.S. Securities and Exchange Commission related to the $15 billion takeover of biotechnology firm MedImmune Inc, the Wall Street Journal reported, citing people familiar with the matter.
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Dollar General misses estimates

Dollar General Corp missed Wall Street profit expectations after taking markdowns to clear slow-selling apparel out of its stores, sending shares down about 5 percent.
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Macy's May sales beat estimates

Department store operator Macy's Inc posted a 7.4 percent increase in May at stores open at least a year, beating analysts expectations and sending its shares up more than 2 percent.
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Private sector job growth slumps in May

Private-sector payroll growth slowed sharply in May, falling to the lowest level in eight months and prompting some economists to lower forecasts for job growth in Friday's government report.
The space shuttle Endeavour sits on the runway at Kennedy Space Center in this image from NASA TV

Endeavour Lands Safely, Stage Set For Atlantis Launch

Space shuttle Endeavour landed for the final time at NASA's Kennedy Space Center after 248 orbits around Earth and a journey of 6,510,221 miles on STS-134, setting the stage for the launch of next space shuttle Atlantis.
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Futures tick lower with data on tap

U.S. stock index futures dipped on Wednesday after four straight days of gains for the benchmark S&P 500 as investors awaited data on the labor market and manufacturing.
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Futures edge lower ahead of data

U.S. stock index futures dipped on Wednesday after four straight days of gains for the benchmark S&P 500 as investors awaited data on the labor market and manufacturing.

Sarah Palin loves to hate journalists: Top six anti-media comments

Sarah Palin is not known to have been generous in her remarks about media; neither has the fourth estate been kind towards her. Quite often she has expressed her frustration, anger and extreme distrust over how media portrays her and the themes that she loves. There is quite something that turns Palin against the media and vice versa. Here is a quick look at some of Palin's attack and snubs on media, mainstream as well as blogging sites:

Militants attack check post in Pakistan, 1 policeman killed

One policeman was killed when 200 militants crossed into Pakistan’s northwest from Afghanistan and attacked a security check post on Wednesday, reports Reuters quoting police. A local television station reported the death toll at seven.
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Wall Street set for lower open; jobs data awaited

Shares were set to open slightly lower on Wednesday, after strong gains in the previous session, and as investors awaited further economic data to gauge the strength of recovery in the world's biggest economy At 5:03 a.m. ET, futures for the Dow Jones, S&P 500 and Nasdaq were all down 0.1 percent.

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