Vincent Crowley, IN&M chief executive: news that he is to step down met a  marginal response on the Iseq, as a broker said  there had been “rumours for some time”. Photograph: Dara Mac Dónaill/The Irish Times

US stocks climbed yesterday as remarks from Federal Reserve chairwoman Janet Yellen bolstered confidence that(...)

Janet Yellen: US stocks fluctuated, after the benchmark index’s biggest two-day decline since June, as a report that  Ms Yellen was picked to lead the Federal Reserve offset concern that the debt impasse will harm the economy. Photograph: Reuters/Gary Cameron

Deadlock in Washington was the main topic on the floors of stock markets yesterday, prompting investors to mark time and wait to see what happens.The (...)

Bank of Ireland shares ended the day down 3.9
per cent

The crisis in Washington hung heavily on markets yesterday, with many investors thinking they might well take their profits and wait out the deadlock(...)

The lingering impact of JC Penney’s failed efforts to remake itself into a more upscale destination in 2012 under previous chief executive Ron Johnson continued to weigh on results and chief executive Myron Ullman said the retailer still had a lot of work to do to steady itself. Photograph: Reuters/Mike Blake

JC Penney yesterday reported quarterly sales tumbled again last quarter, even as reinstated chief executive Myron Ullman worked to roll back his prede(...)