pacific

A&P CEO steps down as loss widens; shares plunge (AP)

AP - Great Atlantic & Pacific Tea Co.’s shares plunged to their lowest point in at least 25 years Friday after the grocery chain reported that its loss widened in the first quarter and its CEO stepped down.

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A&P CEO steps down as loss widens; shares plunge
(AP)

pacific

GE raises quarterly dividend 20 percent (AP)

AP - More than a year ago, in need of cash after its GE Capital lending unit was overwhelmed by the financial crisis, General Electric did the nearly unthinkable — it slashed its dividend for the first time since the Great Depression.

Continued here: 
GE raises quarterly dividend 20 percent
(AP)

pacific

Restored Theme Building marks LAX’s turnaround (AP)

AP - Believe it or not, LAX and its iconic spider-shaped terminal were once young and vibrant, a futuristic outpost at the edge of the Pacific in the glamorous Jet Age.

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Restored Theme Building marks LAX’s turnaround
(AP)

pacific

PIMCO: End of mortgage buys form of tightening (Reuters)

Reuters - The end of the Federal Reserve’s program of purchasing $1.25 trillion of mortgage-backed securities at the end of March is a form of tightening monetary policy, the chief of the largest U.S. bond fund manager said on Tuesday

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PIMCO: End of mortgage buys form of tightening
(Reuters)

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Canadian MPs accuse Toyota of sitting on info (Reuters)

Reuters - Canadian lawmakers accused Toyota Motor Corp executives on Tuesday of waiting too long to inform the government of problems with faulty accelerators in some of the company’s vehicles.

Excerpt from:
Canadian MPs accuse Toyota of sitting on info
(Reuters)

pacific

Oil settles near $82 as Fed keeps rates low (AP)

AP - Oil prices climbed back near $82 on Tuesday as the Federal Reserve said again that it will hold interest rates at record lows as the economy continues to recover.

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Oil settles near $82 as Fed keeps rates low
(AP)

pacific

Mortgage rates tick up, remain above lows (AP)

AP - Rates for 30-year home loans edged up this week, remaining above record lows reached over the spring.

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Mortgage rates tick up, remain above lows
(AP)

pacific

U.S. investors eye toxic debt buys: paper (Reuters)

Reuters - Bond giant Pacific Investment Management Co, billionaire Gerald J. Ford and a unit of money manager Legg Mason Inc are eyeing ways to buy up banks’ toxic loans, the New York Post said.

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U.S. investors eye toxic debt buys: paper
(Reuters)