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Today's News
Men's Wearhouse ousts founder, pitchman Zimmer
1 hour, 37 minutes ago
Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore. In a statement issued to CNBC, Zimmer said that over the past several months he and the company's board disagreed about the company's direction and that the board "inappropriately has chosen to silence my concerns," by firing him.
Food stamp cuts key to farm bill's fate in House
1 hour, 37 minutes ago
Prospects for House passage of a new farm bill could turn on the level of food stamp cuts as Republicans leaders scrambled Wednesday to secure support for the five-year, half-trillion dollar measure. The bill also would make it more difficult for some to qualify for food stamps, and would expand some agriculture subsidies and set policy for rural development programs.
Cantor Fitzgerald bullish on Netflix
1 hour, 37 minutes ago
Cantor Fitzgerald analyst Youssef Squali on Wednesday raised his earnings estimates and price target on Netflix Inc., citing its strong growth. The analyst said that Netflix's first-quarter results were ahead on virtually every metric, proving its popularity as a service and the strength of its business model. With its expanding selection, line-up of exclusive content and improving personalization, Squali believes Netflix holds a unique position to benefit disproportionately from the rise of Internet television.
AP Top Extended Financial Headlines At 1:32 p.m. EDT
1 hour, 33 minutes ago
Unemployed teacher finds, returns about $20K to bank, bag discovered on College Station road FedEx 4Q profit down, international customers choose cheaper service amid low-growth economy
