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CarMax posted only a 2.7% drop in profit despite sharply lower sales and losses at its auto-finance unit, as the used-car dealer's profit per vehicle sold rose.

A cautious forecast from FedEx Corp. is giving investors another reason to worry about the economy. Stocks fluctuated in a tight range Wednesday after FedEx issued a weaker-than-expected profit forecast and downbeat comments about what it sees ahead for the economy.

The Fed made almost $2.7 billion last quarter when gains and losses on its myriad lending facilities, asset holdings and loans to Bear and AIG are tallied up. (Report)

AP - Many U.S. retailers are reporting sales declines in May as shoppers continue to shop cautiously.

Home Depot's earnings jumped 44% on fewer charges as the home-improvement retailer posted results that beat analysts' views despite lower sales.

Sony Corp. said today that it lost $1 billion in the fiscal year through March, its first annual net loss in 14 years, and projected that it would lose even more money this year amid a slump in consumer demand for electronics goods.

Dish Network reported its first-quarter earnings rose 21% despite a drop in subscribers, while former unit EchoStar swung to a loss on falling revenue.

Japan's Suzuki Motors avoids a loss in the final quarter, helped by growth in India, but is downbeat on its prospects.

The automaker blames a prolonged slump in global demand and a strong Japanese yen, and says this year will be even worse.

Weak consumer spending continued in April, but some retailers posted sales gains, or slighter declines than in the past.