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Standard And Poor'S
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State Treasurer Ron Crane's office made inappropriate transfers that cost taxpayers at least $10.2 million, though the hit to state funds could grow by millions more, according to an audit that concluded Idaho's money manager overrode internal controls meant to contain financial risks.
Stocks fell in afternoon trading Wednesday on news that several Federal Reserve policymakers in a meeting earlier this month favored cutting back on stimulus programs as early as June if the economy continued to improve.
Stocks slumped Thursday on Wall Street, and the rally that has pushed indexes close to record levels stalled.
Stocks edged higher on Wall Street, pushing the Dow toward 14,000, as investors digested the latest round of earnings and economic reports.
Stocks advanced Thursday morning, pushing the Standard and Poor's 500 to another five-year high, after strong reports on housing starts and unemployment claims made investors more optimistic about the U.S. economy.
Stocks edged higher on Wall Street after a rally in retail stocks offset concerns about flaring tensions in Washington over increasing the country's borrowing limit.
The Standard and Poor's 500 closed at another five-year high Thursday after the stock market got a boost from reports suggesting the outlook for economic growth may be improving.
Stocks climbed on Wall Street on Tuesday, pushing the Standard and Poor's 500 to its highest level in two months, amid optimism that lawmakers are closing in on a budget deal that will stop the U.S. from going over the "fiscal cliff" at the beginning of next year.
Stocks edged higher Monday on Wall Street after a strong sales report from McDonald's offset concerns about the surprise resignation of Italy's prime minister. Investors also waited for developments in crucial U.S. budget talks.