The Federal Reserve signaled Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows.
Stock market falls as traders fear stimulus cuts
Steve Rothwell, Associated Press |
posted 35 minutes ago
Stocks are falling after the Federal Reserve gave a slightly more optimistic outlook for the U.S. economy, which investors took as a hint that the bank was nearer to a decision to reduce its economic stimulus program.
FedEx 4Q profit drops as priority services lag
David Koenig, Associated Press |
posted Jun 19th - 11:58am
FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.
Bernanke declines to address future at the Fed
Martin Crutsinger, Associated Press |
posted 10 minutes ago
Ben Bernanke declined Wednesday to address speculation that he will step down as chairman of the Federal Reserve in January when his term ends, saying he wanted to keep the attention on Fed policy.
Bernanke: Fed could reduce bond buys this year
Martin Crutsinger, Associated Press |
posted 26 minutes ago
Chairman Ben Bernanke says the Federal Reserve could scale back its $85 billion in monthly bond purchases later this year if the economy continues to improve.
News Summary: Assange still in Ecuadorean Embassy
The Associated Press |
posted 37 minutes ago
BACK STORY: A year ago, Julian Assange skipped out on a date with Swedish justice. Rather than comply with a British order that he go to the Scandinavian country for questioning about sex crimes allegations, the WikiLeaks founder took refuge in the Ecuadorean Embassy in London.
Comparing US Fed's views on economy, spending
Christopher S. Rugaber, Associated Press |
posted 37 minutes ago
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on April 30-May 1:
News Summary: 5 key health overhaul points to know
The Associated Press |
posted 42 minutes ago
Here are five key facts to know about the health care overhaul before major portions of it begin next year.
News Summary: Greece in talks to end TV crisis
The Associated Press |
posted 46 minutes ago
THE TALKS: Greece's governing coalition parties met for the second time in three days to try and end a political crisis triggered by the closure of state broadcaster ERT.
Thailand cuts rice subsidy price after $4.4B loss
Associated Press |
posted 52 minutes ago
Thailand will pay farmers 20 percent less for rice to stem losses from a much-criticized subsidy program that dislodged the country from its spot as the world's No. 1 exporter of the grain, a government minister said Wednesday.
%byline(By TOM MURPHY
Ap Business Writer, Associated Press |
posted 59 minutes ago
Still a little hazy about the health care overhaul? You have plenty of company.
%byline(By TOM MURPHY
Ap Business Writer, Associated Press |
posted 59 minutes ago
Still a little hazy about the health care overhaul? You have plenty of company.
Best Buy recalls batteries over fire risk
The Associated Press |
posted Jun 19th - 12:13pm
Best Buy is recalling 5,100 replacement batteries for the MacBook Pro due to a fire risk.
Text of the Federal Reserve's statement Wednesday
Associated Press |
posted Jun 19th - 12:08pm
Here is the statement the Federal Reserve released Wednesday after its two-day policy meeting:
Fed foresees lower US unemployment rate
Christopher S. Rugaber, Associated Press |
posted Jun 19th - 12:00pm
The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March.
Correction: Dish-Sprint story
Associated Press |
posted Jun 19th - 11:59am
In a story June 18 about Dish Network Corp.'s announcement that it will not submit a revised bid to purchase Sprint Nextel Corp., The Associated Press reported erroneously that Softbank's competing bid for Sprint falls short of Dish's. In fact, the two offers are not directly comparable. Softbank is offering $21.6 billion for a 78 percent stake in Sprint. Dish is proposing to buy all of Sprint for $25.5 billion.
Markets
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