US Stocks Waver as Corporate Profits Disappoint 10/9/13
NEW YORK - Stocks are little changed in midday trading on Wall Street as US companies report mixed earnings news.
Alcoa rose as aluminum demand increased, but KFC owner Yum brands fell after reporting disappointing results.
A recent slump in the stock market slowed Wednesday as President Barack Obama prepared to nominate Janet Yellen to head the Federal Reserve. Yellen has been an advocate of the Fed's massive bond-buying program.
Men's Wearhouse soared after Jos. A. Bank Clothiers said that it's bidding $2.3 billion for the company.