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  • WASHINGTON— The Federal Reserve's outlook for the U.S. economy is steadily brightening. Yet the Fed will be "patient" in raising interest rates from record lows. Paul Ashworth, an economist at Capital Economics, said the statement suggested that the Fed "is still taking the view that the collapse in oil prices is a net positive for the economy."

  • In a letter to China's top cybersecurity policy group dated Jan. 28, the American Chamber of Commerce in China and 17 other U.S. business lobbies urged Beijing to postpone the implementation of the new policies. U.S. tech vendors such as Cisco and Microsoft Corp are facing increased pressure from Chinese authorities to accept rigorous security checks before...

  • DIARY- Top Economic Events to Feb 11 Wednesday, 28 Jan 2015 | 7:01 PM ET

    FAIRFAX, United States- Federal Reserve Board Governor Daniel Tarullo speaks on "Advancing Macroprudential Policy Objectives" before the Office of Financial Research and Financial Stability Oversight Council 4th Annual Conference: Evaluating Macroprudential Tools: Complementarities and Conflicts "- 1745 GMT. SARASOTA, United States- Federal Reserve...

  • BERKELEY, Calif.— Charles H. Townes, the Nobel Prize-winning physicist who helped create the laser that would revolutionize everything from medicine to manufacturing, has died. Townes had been in poor health before his death on the way to an Oakland hospital Tuesday, officials at the University of California, Berkeley, said. "I realized there would be many...

  • Detroit property tax bills set to dip Wednesday, 28 Jan 2015 | 5:58 PM ET

    Jan 28- Detroit homeowners will see a slight dip in their property taxes due by Aug. 31, the mayor's office said on Wednesday, noting the city's plan to recover from bankruptcy already accounts for a drop in the tax collections this year. Detroit, which emerged from bankruptcy late last year, is reassessing the values of real estate that are used in determining tax...

  • SAN JUAN, Jan 28- Puerto Rico is negotiating with at least two bond insurers to insure around $500 million of a planned $2 billion bond issue, which would extend the appeal of the sale beyond the hedge funds currently buying the U.S. commonwealth's debt, according to two sources close to the process. The island's Government Development Bank is in talks with MBIA's...

  • President Barack Obama congratulated Greek Prime Minister Alexis Tsipras on his election this week in a call on Tuesday and said Washington looked forward to working with Athens in its efforts to boost the country's economy. "The president noted that the United States, as a longstanding friend and ally, looks forward to working closely with the new Greek...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • FACT CHECK: Both sides in Keystone XL debate bend facts Wednesday, 28 Jan 2015 | 4:39 PM ET

    WASHINGTON— Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf, say the privately funded, $8 billion project is a critically needed piece of infrastructure that will create thousands of jobs and make the U.S. dependent on oil from friends, rather than foes. But a March 2013 analysis by the State Department concluded that the tar sands...

  • Figures on government spending and debt Wednesday, 28 Jan 2015 | 4:29 PM ET

    WASHINGTON— Figures on government spending and debt.

  • S&P close to $1.37B deal over risky mortgage bond ratings Wednesday, 28 Jan 2015 | 3:22 PM ET

    WASHINGTON— Standard& Poor's is close to a $1.37 billion settlement with the Obama administration and U.S. states over allegations it knowingly inflated its ratings of risky mortgage investments that helped trigger the financial crisis. The credit rating agency is expected to sign an agreement to settle with the Justice Department and about 20 state...

  • Text of the Federal Reserve's statement Wednesday Wednesday, 28 Jan 2015 | 2:24 PM ET

    WASHINGTON— Below is the statement the Fed released Wednesday after its policy meeting ended:. Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved further, with strong job gains and a lower unemployment rate.

  • Sheriffs expand concerns about Waze mobile traffic app Wednesday, 28 Jan 2015 | 2:17 PM ET

    WASHINGTON— A law enforcement campaign to compel Google Inc. to disable a feature in its popular Waze traffic app that lets drivers warn others about nearby police activity shifted Wednesday when a sheriffs' organization openly complained that the app not only puts officers' lives at risk, it also interferes with the ability to write speeding tickets.

  • WASHINGTON— The Federal Reserve reiterated Wednesday that it will be "patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health. Paul Ashworth, an economist at Capital Economics, said the statement suggests that the Fed "is still taking the view that the collapse in oil prices is a net positive for the economy."

  • WASHINGTON— Fed voices new concerns about low inflation, repeats aim to be' patient' in raising rates.

  • Air Force probing alleged 'treason' remark by general Wednesday, 28 Jan 2015 | 1:48 PM ET

    WASHINGTON— The Air Force is investigating allegations that the No. 2 commander at its prestigious Air Combat Command told lower-ranking officers that talking to members of Congress about the capabilities of the A-10 attack aircraft is tantamount to treason. James Post has stirred concern in Congress about the Air Force muzzling officers in violation of...

  • Romney takes aim at Obama, Clinton in Mississippi Wednesday, 28 Jan 2015 | 1:09 PM ET

    STARKVILLE, Miss.— Mitt Romney hasn't officially declared himself a presidential candidate again, but the 2012 Republican nominee looked and sounded like one during a stop Wednesday in Mississippi, back-slapping at a popular barbecue joint before delivering a speech that questioned Democrat Hillary Rodham Clinton's foreign policy and economic...

  • WASHINGTON— In a rare show of bipartisanship over President Barack Obama's health care law, a Senate committee voted unanimously Wednesday to exclude veterans from the 50- worker threshold that triggers required coverage for employees under that statute. Yet senators' comments suggested that party-line battling over many aspects of the statute— and other...

  • Mobile provider TracFone to pay $40M in federal settlement Wednesday, 28 Jan 2015 | 12:05 PM ET

    WASHINGTON— The nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service. The Federal Trade Commission said Wednesday that TracFone's advertising promised unlimited data, but the company then drastically slowed...

  • House passes bill aimed at expediting natural gas exports Wednesday, 28 Jan 2015 | 11:55 AM ET

    In a 277-133 vote, the House approved a bill giving the Energy Department a 30- day deadline to authorize natural gas exports from facilities after they are reviewed and approved. While stopping short of threatening to veto the bill, White House spokesman Eric Schultz said it was "totally unnecessary." More than three dozen applications to build export...