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Today's News
Citi Trends 1Q profit drops, misses estimates
1 hour, 56 minutes ago
Clothing and accessories company Citi Trends said Wednesday that its first-quarter net income dropped 39 percent as cooler weather dampened sales in the beginning of the period. CEO Ed Anderson said in a statement that sales began to pick up once the weather began to warm up after Easter. But the overall quarterly performance fell short of Wall Street's expectations.
Vatican releases 1st report of financial watchdog
1 hour, 58 minutes ago
The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror financing. But the 10-page report made scant mention of any supervisory operations carried out in 2012. International financial authorities have recommended the agency conduct inspections and issue internal regulations to fight money laundering and terror financing.
AP Top Extended Financial Headlines At 8:25 a.m. EDT
1 hour, 56 minutes ago
Target's 1st-qtr profit drops 26 pct on weak sales as weather, financial pressures take toll Bernanke's congressional testimony to be studied for any hints of shift on Fed bond purchases
AP Top Financial News At 8:25 a.m. EDT
1 hour, 58 minutes ago
Target's 1Q profit drops 26 pct on weak sales Lowe's 1Q profit rises, but results miss Street Bernanke testimony to be studied for policy clues
