Some highlights from the day's business news:
U.S. stocks ended a thinly traded session mixed Wednesday as investors weighed the latest corporate results against global economic and debt concerns.
The Dow Jones industrial average rose 4 points, or less than 0.1%, to close at 11,410. The S&P 500 added 1 point to 1,193. The Nasdaq composite fell 12 points to 2,511.
Stocks opened higher following upbeat quarterly results from Target. But the gains faded later in the day and investors gravitated toward more defensive stocks that offer rich dividends.
American Express and Coca Cola led gainers on the Dow. Verizon and AT&T were also strong.
The broader market was held back by weakness in shares of big technology companies. Dell plunged 10% after the computer maker issued a disappointing sales outlook late Tuesday. Hewlett-Packard tumbled over 4%, while Cisco and Intel both lost about 1%.
GM to build electric Cadillac
GM said Wednesday that it will go forward with plans to build a production model an electric Cadillac luxury coupe.
The Converj Concept, which was first presented at the 2009 Detroit Auto Show will be called the Cadillac ELR.
The Cadillac ELR will be GM's luxury version of the Volt.
"The concept generated instant enthusiasm," vice president-Cadillac Marketing Don Butler, said. "Like other milestone Cadillac models of the past, the ELR will offer something not otherwise present - the combination of electric propulsion with striking design and the fun of luxury coupe driving."
Abercrombie drops nearly 8% after 'Jersey Shore' diss
A day after dissing The Situation, the situation for clothing retailer Abercrombie & Fitch's stock is not pretty.
The stock price for Abercrombie & Fitch fell nearly 10% at one point on Wednesday and finished nearly 8% lower for the day. It was the first trading session after the clothing retailer offered "The Jersey Shore" star Michael "The Situation" Sorrentino and other members of the hit MTV reality show "substantial payment" if they stopped wearing Abercrombie-branded clothes.
But what more likely moved the stock was a retreat from a recent run-up after the company reported earnings that beat analysts' expectations, and gave tepid comments about its outlook.
- CNNMoney.com's Ben Rooney, Laurie Segal and Aaron Smith contributed to this report.