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U.S. stocks rose sharply Wednesday afternoon after the Federal Reserved said the U.S. economy was improving and that it would be "patient" in determining when to raise rates. Energy stocks jumped after the price of oil recovered some of its recent losses.
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Dow jumps after Fed pledges patience in rate hikes

The Associated Press  |  posted 22 minutes ago
The Dow Jones industrial average surged as much as 300 points after the Federal Reserve signaled it was edging closer to raising interest rates because of a strengthening U.S. economy, but promised to be "patient" in its approach.
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US travel industry carefully eyeing Cuba tourism

By Scott Mayerowitz, Associated Press  |  posted Dec 17th - 11:41am
Cuba was once a haven for sun-seeking American tourists. Beautiful beaches, lively casinos and late-night dancing made it the perfect getaway, only an hour's flight from Miami.
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Fed promises 'patient' approach to a rate increase

By Martin Crutsinger, Associated Press  |  posted 12 minutes ago
The Federal Reserve is edging closer to raising interest rates from record lows given a strengthening U.S. job market and economy. But it says it will be "patient" in determining when to raise rates.
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Ex-coal CEO seeks W.Va. mine blast trial delay

By Jonathan Mattise, Associated Press  |  posted 18 minutes ago
The former head of a coal company that ran the West Virginia mine where 29 men were killed in a 2010 explosion told a judge Wednesday that he wants his federal criminal case moved and his trial delayed for a year.
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US Fed slashes inflation forecast for 2015

By Christopher S. Rugaber, Associated Press  |  posted 20 minutes ago
The Federal Reserve has sharply cut its forecast for inflation next year, saying it will remain far below its 2 percent target through 2015.
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Text of the Federal Reserve's statement Wednesday

The Associated Press  |  posted 32 minutes ago
Below is the statement the Fed released Wednesday after its policy meeting ended:
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14 charged in deadly 2012 meningitis outbreak

By Denise Lavoie, Associated Press  |  posted 40 minutes ago
In the biggest criminal case ever brought in the U.S. over contaminated medicine, 14 former owners or employees of a Massachusetts pharmacy were charged Wednesday in connection with a 2012 meningitis outbreak that killed 64 people.
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Dow surges as much as 300 points after Fed promises 'patient' approach in raising rates

The Associated Press  |  posted 42 minutes ago
Dow surges as much as 300 points after Fed promises 'patient' approach in raising rates.
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Russians flock to stores to pre-empt price rises

By Nataliya Vasilyeva, Associated Press  |  posted 52 minutes ago
Russian consumers flocked to the stores Wednesday, frantically buying a range of big-ticket items to pre-empt the price rises kicked off by the staggering fall in the value of the ruble in recent days.
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Dish adds Netflix app to some of its set-top boxes

The Associated Press  |  posted 52 minutes ago
Dish is making it easier to watch video from an online rival, Netflix.
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New York will move to prohibit fracking

By Mary Esch, Associated Press  |  posted 52 minutes ago
Gov. Andrew Cuomo's administration will move to prevent fracking in the state, citing unresolved health issues and dubious economic benefits of the widely used gas-drilling technique.
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Napster co-founder to invest in allergy research

By Olga R. Rodriguez, Associated Press  |  posted Dec 17th - 11:52am
Napster co-founder Sean Parker missed most of his final year in high school and has ended up in the emergency room countless times because of his deadly allergy to nuts, shellfish and other foods.
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Democrat Lauren McFerran sworn in as new labor board member

By Tom Raum, Associated Press  |  posted Dec 17th - 11:51am
Democrat Lauren McFerran is the newest member of the five-member National Labor Relations Board.
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4 indicted in West Virginia chemical spill case

By John Raby, Associated Press  |  posted Dec 17th - 11:42am
Four former chemical company executives have been indicted on pollution charges over a January spill that triggered a ban on drinking water for days for 300,000 West Virginia residents.
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