By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March.
The Fed now predicts unemployment will fall to 7.2 percent or 7.3 percent at the end of 2013 from 7.6 percent now. It thinks
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - 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.
Chairman Ben Bernanke said the Fed could start scaling back its $85
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
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.
Bank Mellat, a privately owned commercial bank, was seeking to overturn a
By PHILIP ELLIOTTAssociated Press
WASHINGTON (AP) - A bipartisan compromise on student loans started to take shape in the Senate on Wednesday, preserving fixed-rate loans for all students and linking interest rates with the financial markets.
Students from lower-income families, who pay
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 was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke.
Oil fell about 40 cents after the government said U.S. oil supplies rose by 300,000 barrels last week.
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: The female driver has been identified as Jennifer A. Schmidt of Spokane Valley. The male driver has been identified as Sean D. Moss. Both Schmidt and Moss were life-flighted by Medstar to Sacred Heart. The State Patrol says both vehicles were totaled and both drivers were wearing seatbelts
By MARCIA DUNNAP Aerospace Writer
CAPE CANAVERAL, Fla. (AP) - NASA has eight new astronauts - its first new batch in four years.
Among the lucky candidates: the first female fighter pilot to become an astronaut in nearly two decades. A female helicopter pilot also is in the group. In fact, four of
PRESS RELEASE FROM THE SPOKANE VALLEY POLICE DEPT: On Tuesday, June 18, 2013, at 9:15 a.m., Spokane Valley Sheriff's Deputies responded to a person with a weapon call near the area of 13600 E. 20th Ave. Deputies arrived on scene and found the victim homeowner detaining the suspect, later