Ford reports massive job cuts and Wall Street shrugs it off

Investors shrugged off media reports that Ford Motor will announce plans to cut thousands of white-collar workers, highlighting the challenges facing chief executive Mark Fields. Fields, whose nearly three years at the helm have been marked by a languishing share...

Target stock jumps as retailer blows past Wall Street expectations

Target’s revenue and comparable sales are falling less than some had feared, giving investors hope that the retailer’s turnaround efforts will pay off in the long run. The company has said it’s investing more than $7 billion in capital over the next...

US motorists on roads for Memorial Day weekend to be highest since 2005

The number of Americans traveling by car for the Memorial Day holiday will hit a 12-year high this year, fueled by a growing economy and relatively low gasoline prices, the nation’s largest motorists’ advocacy group said on Wednesday. The American...