By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The Federal Reserve sketched a slightly brighter picture of the U.S. economy this year and next, a sign it is moving closer to slowing its bond-buying program.
The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Chairman Ben Bernanke ended weeks of speculation Wednesday by saying the Federal Reserve will likely slow its bond-buying program later this year and end it next year because the economy is strengthening.
The Fed's purchases of Treasury
By DAVID KOENIGAP Business Writer
DALLAS (AP) - 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.
FedEx said 3,600 employees will take voluntary buyouts and nearly half of
By JENNIFER C. KERRAssociated Press
WASHINGTON (AP) - The Justice Department violated its own rules when it secretly seized records for thousands of phone calls to and from journalists for The Associated Press as part of a leak investigation, the head of the company said Wednesday.
AP President and
By CASSANDRA VINOGRADAssociated Press
LONDON (AP) - Britain's Supreme Court quashed sanctions against an Iranian bank penalized over its alleged links to Iran's nuclear weapons program, saying Wednesday that Bank Mellat had been arbitrarily singled out.
The U.S. Treasury Department slammed
By PHILIP ELLIOTTAssociated Press
WASHINGTON (AP) - Students applying for financial aid for the coming school year could find some comfort in a bipartisan student loan compromise taking shape in the Senate that would prevent interest rates from doubling and set a single rate each year for
NEW YORK (AP) - George Zimmer, the ousted founder and executive chairman of Men's Wearhouse, says Wednesday he was dismissed after he and the company's board disagreed about how it should look.
In a statement released to CNBC following his termination, Zimmer says he expressed concerns to
GENEVA (AP) - Switzerland's lower house of parliament has for the second time rejected a government proposal on relaxing Swiss banking secrecy laws, a move that would have helped the country's banks avoid facing U.S. criminal charges for shielding tax cheats.
By The Associated Press
NEW YORK (AP) - The price of oil fell slightly Wednesday as the Federal Reserve indicated it's closer to easing up on economy boosting measures that have been a boon for commodities.
Oil swung in a range of about $1 after the Fed delivered a mixed message: The central
By SARAH DiLORENZOAssociated Press
LE BOURGET, France (AP) - Unmanned aircraft have helped rescue stranded hikers, worked to contain wildfires and gathered data at nuclear accidents. One helped a Russian tanker find its way through Arctic ice to bring oil to a stranded Alaskan community.
UPDATE: Authorities say that a tan SUV was heading west on 35th on Wednesday afternoon when the driver ran a stop sign at Freya. A blue SUV that was headed south on Freya hit the tan SUV causing the vehicle to flip over.
There were two people in the overturned SUV, a woman and a little girl. They
AMMON, Idaho (AP) - Officials with the Bonneville County sheriff's department say a 21-month-old southeastern Idaho girl has died after she was left in a vehicle. A news release says deputies and paramedics were called shortly after 5:15 p.m. Tuesday to a residence in Ammon,
SPOKANE, Wash. (AP) - The man accused of strangling his girlfriend and putting her body in a tub of acid at a Nine Mile Falls home pleaded not guilty Tuesday to a murder charge in Spokane.
The trial for 27-year-old Jason Hart is set for Aug. 12.
He's accused of killing 33-year-old Regan