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Top News & Analysis Cleveland

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  • WASHINGTON, Aug 25- Five Federal Reserve banks renewed their calls in July for the central bank to raise the rate it charges commercial banks for emergency loans, minutes from the Fed's discount rate meeting last month showed. Ahead of the Fed's July 28-29 policy-setting meeting, directors of the Cleveland, Dallas, Philadelphia, Kansas City and Richmond Fed...

  • MARION, Ohio— The thousand-mile journey to the Texas border was supposed to bring the Guatemalan teenagers to a better life. As the country's immigration system was being overwhelmed by an unprecedented flow of unaccompanied children fleeing unrest in Central America, one of their countrymen orchestrated the scheme to force them to work on egg farms in Ohio,...

  • NEW YORK, Aug 20- Women are the breadwinners in four out of 10 American families, and nearly 95 percent of women will be their family's primary financial decision maker at some point in their lives. But with this added financial responsibility comes tremendous stress, according to a new study of breadwinning women from the Family Wealth Advisors Council, a...

  • Ford moves commercial truck production to Ohio from Mexico Wednesday, 12 Aug 2015 | 12:01 AM ET

    DETROIT, Aug 12- Ford Motor Co on Wednesday will start building its medium-duty F-650 and F-750 commercial trucks at a Cleveland- area plant, moving production out of Mexico for the first time. The shift to the 41- year-old plant in Avon Park, Ohio means that about 1,000 workers represented by the United Auto Workers union will keep their jobs, Jimmy Settles, UAW vice...

  • LOS ANGELES, Aug 7- The Republican candidates' prime-time debate on Fox News Channel drew 24 million viewers, more than double the prior record for a presidential primary debate and the highest non-sports telecast in cable TV history, according to Nielsen data released on Friday. The tally for Thursday's event in Cleveland more than doubled Fox News Channel's...

  • WASHINGTON, Aug 6- Democratic presidential candidates will hold the first of six primary debates on October 13 in Nevada, the party said on Thursday, setting out a debate calendar that rivals of frontrunner Hillary Clinton say is insufficient. Announcing the calendar on the day of the first Republican primary debate, the Democratic National Committee set the...

  • WASHINGTON, Aug 6- Democratic candidates for the White House in 2016 will hold their first primary debate, hosted by CNN, in the swing state of Nevada on October 13, the party said on Thursday. Announcing the Democrats' debate calendar on the day the first Republican primary debate takes place, the Democratic National Committee also set five other Democratic...

  • U.S. steel companies in June had filed a complaint with the U.S. government over cheaper imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan, kicking off a process that could end in import duties. Cliffs has taken a hit from weak prices for iron ore, caused by excess supply from major iron ore miners such as Vale SA, Rio Tinto Plc and BHP...

  • Miner Cliffs Natural posts Q2 profit on lower costs Wednesday, 29 Jul 2015 | 8:15 AM ET

    July 29- Iron ore and coal producer Cliffs Natural Resources Inc reported a second-quarter profit, compared with a year-ago loss, helped by lower costs. The company reported a net profit attributable to shareholders of $60.2 million, or 39 cents per share, for the quarter ended June 30, compared with a loss of $1.9 million, or 2 cents per share, a year earlier.

  • *Los Angeles, Chicago claimed bank targeted minorities. July 17- Wells Fargo& Co won the dismissal of two lawsuits on Friday that had accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in Los Angeles and Chicago. The lawsuits by the city of Los Angeles and by Cook County, Illinois, which...

  • "Reports continued to reflect decreases in oil and natural gas drilling activity in Cleveland, Minneapolis, Kansas City, and Dallas," the Fed said. "Reports of capital spending declines continued in Cleveland, Atlanta, and Dallas, resulting in some labor cutbacks in Atlanta and Dallas." It said heavy machinery manufacturers in Chicago noted weak demand from the oil...

  • WASHINGTON, July 15- Federal Reserve Chair Janet Yellen on Wednesday resisted calls for more congressional oversight and intervention into the U.S. central bank, as members of a House of Representatives panel criticized her and other policymakers for failing to be more accountable. Representative Sean Duffy, a Wisconsin Republican, pulled no punches during...

  • Treasuries prices fell on Friday with yields hitting their highest in a week as a second-day recovery of Chinese stock prices and hopes of a Greece debt deal reduced the safehaven allure of U.S. government debt. The rush from Treasuries intensified after remarks from Federal Reserve Chair Janet Yellen who told a local business group in Cleveland, Ohio that she...

  • *Euro zone ministers to meet on Saturday to decide on Greece. July 10- Wall Street was set to open sharply higher on Friday on hopes that Greece might be able secure fresh funding and after China's premier said the country's economic growth was stabilizing. Greece has asked for $59 billion to help cover debts until 2018 and has pledged new tax hikes in return.

  • Treasuries prices fell on Friday with yields hitting their highest in a week as hopes of a Greece debt deal and a second-day recovery of Chinese stock prices reduced the safehaven allure of U.S. government debt. The standoff between Greece and its creditors, and the dramatic drop in the Chinese stock market until the past 48 hours had caused some traders to bet on...

  • July 10- U.S. stock index futures were sharply higher on Friday after Greece made substantial concessions in its latest bid to win new funds from creditors and avert bankruptcy. *Greece has asked for $59 billion to help cover debts until 2018 and has pledged new tax hikes in return. *Investors will also look for clues regarding the timing of an interest rate hike in...

  • DIARY-Top Economic Events to July 23 Thursday, 9 Jul 2015 | 8:00 PM ET

    LONDON- Bank of England's Paul Fisher speaks at the Culture and Conduct summit. CLEVELAND, United States- Federal Reserve Chair Janet Yellen speaks before the City Club of Cleveland- 1600 GMT. VICTOR, United States- Federal Reserve Bank of Boston President Eric Rosengren speaks before the Annual Rocky Mountain Economic Summit hosted by the Global...

  • REIT rate hike fallout fears may be overdone Thursday, 9 Jul 2015 | 3:43 PM ET

    July 9- After a meteoric rise in 2014, shares in many real estate investment trusts have crashed back to earth this year as the market braces for a U.S. interest rate hike, but the reversal in sentiment may have gone too far. But not all REITs suffer equally when rates fall, and a broad selloff may be a "knee-jerk reaction," said Jim Sullivan, managing director at Green...

  • DIARY-Top Economic Events to July 22 Wednesday, 8 Jul 2015 | 8:00 PM ET

    WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on regulatory reform and implementation five years after the passage of the Dodd-Frank Act before the Bipartisan Policy Center Financial Regulatory Reform Initiative and Managed Funds Association- 1415 GMT. STILLWATER, United States- Federal Reserve Bank of Kansas City President Esther...

  • DIARY-Top Economic Events to July 21 Monday, 6 Jul 2015 | 8:00 PM ET

    SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0430 GMT. PARIS- Bank of France Governor Christian Noyer is due to speak about EU capital markets union at a financial sector conference- 0700 GMT. FRANKFURT- German's Bundesbank Board member Joachim Nagel to speak on "Asset Management of Public Pension Funds"- 1400 GMT.