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High dividend stocks may find favor as market headwinds abound

NEW YORK High dividend yield stocks such as telecoms and utilities are looking more tempting as investors become increasingly nervous about the outlook for equities and as U.S. Treasury yields hover near a 10-month low.

Recent Business News

Apple lawsuits against Qualcomm can proceed, U.S. judge rules

Apple Inc's 11 foreign lawsuits against Qualcomm Inc can proceed while the company's dispute plays out in the United States, a U.S. federal judge in San Diego ruled Sept. 7.

2:06pm EDT

Oil slides as Irma heads for Florida, threatening demand

NEW YORK Oil prices slid on Friday, with U.S. crude down more than 3 percent on worries that commerce and energy demand in Florida and the Southeast would be hit hard as Hurricane Irma, one of the most powerful storms in a century, drove toward the region.

1:58pm EDT

Too soon to predict timing of next Fed rate hike: Dudley

NEW YORK It is too soon to predict when the Federal Reserve should next raise U.S. interest rates as it continues to tighten policy, given "cross currents" in the economy and markets, New York Fed President William Dudley said on CNBC TV on Friday.

10:36am EDT

Kroger results hit by grocery price war, shares slide

Kroger Co on Friday reported a quarterly profit drop after an intensifying grocery price war hit its bottom line, and warned that same-store sales and operating margins would be lower than expected for the remainder of the year. | Video

1:58pm EDT

Martin Shkreli seeks to overturn part of his conviction

NEW YORK Former drug company executive Martin Shkreli on Friday asked a judge to throw out part of his criminal conviction, a day after prosecutors sought to have him jailed until his sentencing.

6:37pm EDT

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