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  • WASHINGTON, Aug 20- The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting.

  • EEOC files lawsuit against Food Lion over firing Wednesday, 20 Aug 2014 | 2:42 PM ET

    WASHINGTON— The U.S. Equal Employment Opportunity Commission has filed a workplace discrimination lawsuit against supermarket chain Food Lion, saying it refused to provide time off for a worker who is a Jehovah's Witness and then fired him. According to the complaint, Victaurius L. Bailey was hired as a meat cutter at a Food Lion in Winston-Salem on June 6, 2011.

  • Why Bank of America deal might not cost it $17B Wednesday, 20 Aug 2014 | 2:30 PM ET

    WASHINGTON— How much will Bank of America's expected $17 billion mortgage settlement cost the company? Inflated figures make sensational headlines for the Justice Department, and $17 billion would be the largest settlement by far arising from the economic meltdown in which millions of people in the United States lost their homes to foreclosure.

  • Some Fed officials want to slow economic help soon Wednesday, 20 Aug 2014 | 2:05 PM ET

    WASHINGTON— Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.

  • WASHINGTON, Aug 20- The Federal Reserve has been surprised by how quickly the U.S. labor market is healing but doesn't want to bring forward a planned rate hike until the recovery looks more convincing, according to minutes of its last policy meeting.

  • Yellen to give her outlook as Fed honeymoon fades Wednesday, 20 Aug 2014 | 12:23 PM ET

    WASHINGTON— Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks.

  • *Lowe's pares losses, Target rebounds, after dim forecasts. NEW YORK, Aug 20- U.S. stocks inched higher Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors brushed off bleak earnings forecasts from some retailers like Lowe's and Target.

  • Trading in US stocks subdued ahead of Fed minutes Wednesday, 20 Aug 2014 | 12:00 PM ET

    NEW YORK— U.S. stocks are drifting in midday trading as traders wait for the latest news from the Federal Reserve. Slightly more stocks fell than rose on the New York Stock Exchange. J.M. Smucker fell 2 percent after the food company cut its full-year sales outlook.

  • NEW YORK, Aug 20- U.S. Looks like we are continuing that move ahead of the Fed minutes today, "said Ellis Phifer, market strategist at Raymond James in Memphis, Tennessee. Some of the Fed's counterparts at the Bank of England voted unexpectedly to raise interest rates this month, according to minutes of the BOE's policy meeting of Aug. 6-7.

  • Lamson said it plans to sell its main factory, enabling it to repay a $1.07 million loan to the U.S. Small Business Administration, which holds a first mortgage on the property. The privately held company was founded in 1837, the same year President Andrew Jackson left the White House and Queen Victoria began her 63- year reign in the UK.

  • *Lowe's pares losses, Target rebounds, after dim forecasts. NEW YORK, Aug 20- U.S. stocks were little changed Wednesday after two days of gains, ahead of the release of minutes from the most recent Federal Reserve meeting, as investors shrugged off bleak earnings forecasts from some retailers like Lowe's and Target.

  • *Lowe's, Target fall in premarket after results, forecasts. *Hertz tumbles after withdrawing forecast. NEW YORK, Aug 20- U.S. stocks were set for a slight dip at the open on Wednesday after weak earnings forecasts from retailers Lowe's and Target, ahead of the release of minutes from the most recent meeting of the Federal Reserve.

  • Stocks advance for third day, despite Fed minutes Wednesday, 20 Aug 2014 | 3:55 AM ET

    NEW YORK— The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later. In the bond market, prices fell and yields rose as investors prepared themselves for higher interest rates.

  • FDA approves new drug for rare genetic disease Tuesday, 19 Aug 2014 | 6:00 PM ET

    Cerdelga is from Genzyme, the specialty drugmaker that introduced the first drug for Gaucher's disease 20 years ago. The oral treatment could serve as an alternative to Genzyme's best-selling drug Cerezyme, which is given intravenously. Genzyme says it will soon release pricing for its new drug.

  • BOSTON, Aug 19- The U.S. Nuclear Regulatory Commission was "successfully hacked" three times in recent years in attacks involving tainted emails, according to an internal investigation on cyber attacks at the agency, Nextgov.com reported on Tuesday.

  • NEW YORK, Aug 19- The U.S. dollar hit nine-month highs against the euro and rose against a basket of major currencies on Tuesday after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.

  • AP Exclusive: US changing no-fly list rules Tuesday, 19 Aug 2014 | 2:31 PM ET

    WASHINGTON— The Obama administration is promising to change the way travelers can ask to be removed from its no-fly list of suspected terrorists banned from air travel. In response, the Justice Department said the U.S. will change the process during the next six months.

  • NEW YORK, Aug 19- The U.S. dollar hit nine-month highs against the euro and rose against a basket of major currencies on Tuesday after strong U.S. housing data bolstered expectations for an earlier-than-expected rate hike from the Federal Reserve.

  • WASHINGTON, Aug 19- U.S. housing starts rebounded strongly in July, pointing to momentum in the economy, but a moderate increase in consumer prices suggested the Federal Reserve has room to keep interest rates low for a while.

  • U.S. consumer prices rise modestly in July Tuesday, 19 Aug 2014 | 8:30 AM ET

    WASHINGTON, Aug 19- U.S. consumer prices barely rose in July as declining energy costs partially offset increases in food and rents, which could give the Federal Reserve ammunition to keep interest rates low for a while. The Labor Department said on Tuesday its Consumer Price Index edged up 0.1 percent last month after increasing 0.3 percent in June.