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Wochit Headline News

by Wochit Headline News

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NEW YORK (AP) - U.S. stocks are heading lower as lawmakers continue to work on a deal to avoid a U.S. default and reopen the government.
NEW YORK (Reuters) - David Tepper, head of $19 billion hedge fund Appaloosa Management, said Tuesday that the Federal Reserve is not likely to cut its bond-buying in the near-term.
"The best person in the world for this role."
By Jessica Wohl (Reuters) - Wal-Mart Stores Inc plans to use some of its large U.S. stores as distribution centers for nearby smaller stores, a move that could help the chain keep goods in stock and cut costs, Walmart U.S. Chief Executive Bill Simon said on Tuesday. The plan is being tested and will roll out in the first of three unnamed markets in March, Simon said at the company's meeting with investors and analysts in Arkansas on Tuesday. The meeting was also webcast. ...