Estimated read time: 2-3 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — Stocks got a bump after the Federal Reserve released minutes of its latest policy meeting, but the Dow, the S&P 500 and the Nasdaq composite have all slipped back into negative territory. The Fed's minutes show policymakers decided to stick to their wording on the timing of any interest rate hikes out of concern that a change could be misinterpreted by financial markets. The Fed says it expects to keep a key short-term interest rate low for a "considerable time."
DETROIT (AP) — Tomorrow, lawmakers on Capitol Hill will question representatives from a Japanese company that makes air bags linked to multiple deaths and injuries. Federal officials want the Takata Corp. to recall millions of potentially faulty driver's side air bag inflators across the U.S. Takata insists that a recall in high-humidity areas is enough, and that a broader recall isn't supported by evidence. The head of the National Highway Traffic Safety Administration also is expected to appear at the Senate hearing.
NEW YORK (AP) — Ohio Republican Congressman Steve Chabot (SHA'-but) will become the new chairman of the House Small Business Committee when the 114th Congress takes office In January. The committee oversees the Small Business Administration and serves as an advocate for small businesses in Congress and with government agencies on matters including taxes, regulations and federal contracts.
UNDATED (AP) — It will soon cost travelers money to check a bag on JetBlue if they buy the cheapest level of tickets. JetBlue Airways says it will create three ticket classes, and only the top two include at least one free checked bag. The company hasn't said how much the bag fee will be. But the airline expects the change will generate more than $200 million in operating revenue. That means Southwest will be the only large U.S. airline to allow all passengers to check at least one bag for free.
BOSTON (AP) — A consumer watchdog group has released its annual list of what it says are the 10 most unsafe toys as the holiday season approaches. World Against Toys Causing Harm has listed toys including a "light up power" bow and arrow, a pencil with a miniature slingshot-style launcher at its end, and a set of bottle rockets powered by baking soda and vinegar. The group says there have been at least 17 toy recalls in the U.S. and Canada so far this year.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
