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  • How the Dow Jones industrial average fared Wednesday Wednesday, 28 Jan 2015 | 5:36 PM ET

    The U.S. stock market ended lower on Wednesday as investors weighed the latest policy statement from the Federal Reserve and the implications of oil prices sinking to the lowest level in nearly six years. The central bank reiterated that it will be patient in raising rates from record lows, noting that inflation remains ultra-low. But it also strengthened its...

  • Rick Nolan, who represents northeastern Minnesota's Iron Range, applies to processing plants at the United Taconite, Hibbing Taconite and Minorca mines in Minnesota, and the Tilden mine in Michigan's Upper Peninsula. EPA spokeswoman Phillippa Cannon said Wednesday that an official notice would be published in the Federal Register in the next few days,...

  • Fed nods to global troubles, while keeping faith in U.S. Wednesday, 28 Jan 2015 | 4:58 PM ET

    WASHINGTON, Jan 28- For months now Federal Reserve policymakers have watched the economic turmoil overseas, from Ebola to Russia to the ongoing travails of the euro, and largely held their tongue. That's the first time since January 2013 that an overt reference to overseas economic events has warranted a nod from the Federal Open Market Committee, and some...

  • 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...

  • *Fed says to keep "patient" approach on rates. NEW YORK, Jan 28- U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. While many market participants said they were unsurprised by the...

  • GLOBAL MARKETS-U.S. bonds rally after Fed; stocks retreat Wednesday, 28 Jan 2015 | 4:40 PM ET

    *U.S. stocks end lower after Fed statement. NEW YORK, Jan 28- U.S. bond prices rallied, with the 30- year yield hitting a record low on Wednesday as investors bet U.S. rate hikes were less likely to start soon after the Federal Reserve said inflation was running below forecasts. Thirty-year bonds were last up 2-18/ 32 in price to yield 2.29 percent after setting a record...

  • CHICAGO, Jan 28- U.S. grain farmers are boosting demand for loans from farm banks as five-year lows in crop prices squeeze operating budgets ahead of spring planting, according to a national survey of farm bankers issued by the Federal Reserve Bank of Kansas City on Wednesday. Corn prices set record highs during the summer of 2012 amid the biofuels boom and...

  • NEW YORK, Jan 28- U.S. stocks fell sharply on Wednesday after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. Both the Dow and S&P 500 fell more than 1 percent, while Apple limited the Nasdaq's decline. The tech giant jumped 6.1 percent a day after its results.

  • US STOCKS-U.S. stocks fall after Fed statement, oil drop Wednesday, 28 Jan 2015 | 3:26 PM ET

    NEW YORK, Jan 28- U.S. stocks fell on Wednesday, driven by extended losses in the S&P 500 energy sector, after the Federal Reserve said it will remain "patient" in deciding when to raise interest rates. Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to boost their struggling...

  • *China's gold imports from Hong Kong fell in 2014. NEW YORK/ LONDON, Jan 28- Gold extended losses on Wednesday after the Federal Reserve said it will remain "patient" with regard to any interest rate increase decisions. "The removal of' considerable time' was balanced by the acknowledgement of the international situation and reiteration of patience," said Tai Wong,...

  • The lawsuits, filed in federal court in the District of Columbia, say the EPA has not responded to petitions filed in 2009 and 2011 by the Environmental Integrity Project and the Humane Society of the United States. The lawsuits say the EPA failed to take action and ask it to respond to the petitions within 90 days, Environmental Integrity Project attorney Tarah...

  • NEW YORK, Jan 28- Wall Street stocks edged lower on Wednesday while the dollar rose as the Federal Reserve said growth in the U.S. economy was on track despite turmoil in other markets around the world, keeping it on pace to raise interest rates later this year. Concluding their first policy-setting meeting of the year, Fed officials looked past moves made by other...

  • US STOCKS-U.S. stocks give up gains after Fed statement Wednesday, 28 Jan 2015 | 2:36 PM ET

    NEW YORK, Jan 28- U.S. stocks fell slightly in volatile trading on Wednesday after the Federal Reserve said the U.S. economy is on track and it will remain "patient" in deciding when to raise interest rates. Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to boost their...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" as it largely looked through weakness overseas in a signal that it remains on track to raise interest rates later this year. The U.S. central bank repeated it would be "patient" in deciding when to raise benchmark borrowing costs from zero, where they have been...

  • 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.

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday repeated that it will remain "patient" in deciding when to raise interest rates, and said the U.S. economy is on track despite turmoil in other markets around the world. Concluding their first policy-setting meeting of the year, Fed officials looked past the urgent moves made by other central banks this month to...

  • 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."

  • GLOBAL MARKETS-Dollar, U.S. stocks inch higher before Fed Wednesday, 28 Jan 2015 | 1:04 PM ET

    NEW YORK, Jan 28- The dollar edged up against the euro on Wednesday as investor focus turned toward the Federal Reserve, which delivers a post-meeting statement later in the day, while U.S. stocks climbed after strong earnings from Apple. Worries that Greece's new government is heading for clashes with the rest of the euro zone over its debts weighed on European...

  • 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...

  • WASHINGTON, Jan 28- TracFone, owned by America Movil SAB, has agreed to pay $40 million to reimburse customers who purchased prepaid unlimited data plans that turned out to have maximum limits, the Federal Trade Commission said on Wednesday. Netflix estimates that its customers uses about 1 gigabyte per hour of standard video streaming, according to its website.