S&P 500, Nasdaq end up as Fed in no rush to raise rates
NEW YORK (Reuters) – The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates.
Fed nods to firmer prices yet still focused on labor weakness
WASHINGTON (Reuters) – The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target.
European regulators training sights on Google’s mobile software
BRUSSELS/SAN FRANCISCO (Reuters) – European regulators are preparing what could be a stern challenge to Google Inc’s mobile software business in the coming months after a nearly four-year investigation into the company’s Web search practices left rival…
S&P cuts Argentina’s credit rating further as talks drag on
(Reuters) – Standard & Poor’s on Wednesday cut its credit rating on Argentina’s foreign-currency sovereign debt to “selective default” even as talks between officials from Latin America’s No. 3 economy and a group of holdout creditors continued in New York.
Bank of America ordered to pay $1.27 billion for ‘Hustle’ fraud
NEW YORK (Reuters) – A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.
Chrysler recalls Fiat 500L on knee air bag issue
DETROIT (Reuters) – Chrysler Group LLC will recall about 29,500 Fiat 500L compact cars because knee air bags may not work properly if a driver is not wearing a seat belt, the company said on Wednesday.
Twitter’s surge revives valuation debate
(Reuters) – The surge in Twitter Inc’s stock has revived debate about whether it warrants a valuation five times that of Facebook Inc , its biggest rival in social media.
U.S. economy back on track with strong second-quarter rebound
WASHINGTON (Reuters) – The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing.
Boeing to make longest 787-10 Dreamliner exclusively in South Carolina
NORTH CHARLESTON S.C. (Reuters) – Boeing Co said on Wednesday it will build its biggest Dreamliner, the 787-10, exclusively at its South Carolina plant in North Charleston, a move that marked the continuing evolution of Boeing’s production strategy for…
Kerry presses India on global trade deal as deadline looms
NEW DELHI (Reuters) – U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country’s commitment to advance economi…
