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NEW YORK (AP) — U.S. stocks are following European markets lower after the European Central Bank announced stimulus plans that were less aggressive than investors were expecting. European and U.S. bond prices also fell, pushing yields higher. The euro rose against the dollar. Benchmark U.S. crude was up more than a dollar.
WASHINGTON (AP) — Federal Reserve Chair Janet Yellen tells Congress that economic conditions are falling into place for Fed policymakers to raise interest rates when they meet in two weeks — as long as there are no major shocks to the economy. The Fed's key short-term rate has been near zero for the past seven years. Yellen says that even after the first increase, rates will still be at very low levels.
WASHINGTON (AP) — The House has approved a bill to boost U.S. energy production, lift a four-decade ban on crude oil exports and modernize the aging electric grid. It would also speed natural gas exports, hasten approval of natural gas pipelines across public lands and advance cross-border projects such as the Keystone XL oil pipeline. President Barack Obama, who rejected the Keystone pipeline project last month, has threatened to veto the bill.
CHARLESTON, W.Va. (AP) — A federal jury in West Virginia has convicted former Massey Energy CEO Don Blankenship of a misdemeanor count connected to a deadly 2010 coal mine explosion. Blankenship was convicted of conspiring to willfully violate mine safety standards, which carries a sentence of up to a year in prison. He was acquitted of a more serious conspiracy charge that could have netted five years. He was also acquitted of making false statements and securities fraud.
SAN FRANCISCO (AP) — Get ready to start watching live video of your friends and family doing something fun, boring or dumb on Facebook. The world's largest social network is testing a new feature that will enable its 1.5 billion users to use their smartphones to shoot video so other people can see what they are doing in real time. Facebook began testing the live video option today among a sliver of its U.S. audience with iPhones.
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