"Before making this decision, the FAA worked with its U.S. government counterparts to assess the security situation in Israel and carefully reviewed both significant new information and measures the government of Israel is taking to mitigate potential risks to civil aviation," the FAA said.» Read More
FED CHAIR YELLEN'S PREPARED TESTIMONY TO HOUSE OF REPRESENTATIVES PANEL IDENTICAL TO REMARKS DELIVERED ON TUESDAY TO SENATE BANKING COMMITTEE.
FRANKFORT, Ky.— Kentucky is getting more than $6 million from the federal government to help people who have been out of work for a long time. Steve Beshear's office says the Job-Driven National Emergency Grant from the U.S. Labor Department will be used to create and expand job-driven training programs for laid-off workers.
SINGAPORE, July 16- Gold retained two days of losses to trade near a four-week low on Wednesday, below $1,300 an ounce, on a stronger dollar and fears that the Federal Reserve could hike U.S. interest rates sooner than expected.
SYDNEY, July 16- The dollar clung to modest gains early on Wednesday after bulls latched onto a comment by the head of the Federal Reserve that rates could rise sooner if employment continued to improve, while strong inflation sent sterling to a six-year high.
WASHINGTON- Federal Reserve Chair Janet Yellen delivers a second day of testimony on the U.S. central bank's semiannual monetary policy report before the House Financial Services Committee- 1400 GMT.
WASHINGTON, July 15- A Republican member of the U.S. Securities and Exchange Commission slammed the Federal Reserve and a council of financial regulators on Tuesday, accusing them of a power grab on everything from asset managers to high-speed trading.
*JPMorgan, Goldman shares rally after earnings. NEW YORK, July 15- U.S. stocks pulled back on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors. Facebook shares tumbled 1.1 percent to $67.17.
NEW YORK— In a story on July 11 about Amazon seeking permission from the Federal Aviation Administration to fly drones, The Associated Press misstated the year that Congress gave the FAA a deadline for granting drones access to U.S. skies. Congress set the September 2015 deadline in 2012, not last year. Amazon asks FAA for permission to fly drones.
NEW YORK, July 15- The dollar climbed against most other leading currencies on Tuesday after Federal Reserve chief Janet Yellen championed continuing loose U.S. monetary policies to boost employment and stagnant wages.
NEW YORK, July 15- The bond market traded in a narrow range on Tuesday, absorbing Federal Reserve Chair Janet Yellen's message that the U.S. economic recovery remains incomplete and early signs of a pick-up in inflation are not enough to accelerate anticipated interest rate increases.
WASHINGTON— Labor Department releases the Producer Price Index for June, 8:30 a.m.. WASHINGTON— Federal Reserve releases Industrial Production for June, 9:15 a.m.. WASHINGTON— National Association of Home Builders releases housing market index for July, 10 a.m..
WASHINGTON, July 15- Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone."
WASHINGTON, July 15- The U.S. Federal Communications Commission on Tuesday pushed back to July 18 the first deadline to submit comments on the agency's proposed new Internet traffic rules as a surge in traffic overwhelmed the agency's online filing system.
*JPMorgan, Goldman shares rally after earnings. NEW YORK, July 15- U.S. stocks fell on Tuesday after Federal Reserve Chair Janet Yellen and her fellow Fed policymakers raised concerns about "substantially stretched valuations" in some sectors.
NEW YORK, July 15- U.S. stocks slipped on Tuesday, with riskier equities hit hardest after the Federal Reserve, in an unusual statement, singled out the valuation of social media and biotechnology shares as "substantially stretched." Wall Street equities were supported by bank stocks like JPMorgan Chase& Co, which outperformed following strong results.
WASHINGTON, July 15- A member of the U.S. Securities and Exchange Commission is vowing to defend the regulator's turf against what he said is growing encroachment by the Federal Reserve and a council of financial regulators on everything from asset manager regulation to high-speed trading.
WASHINGTON— Pregnant women have new protections against on-the-job discrimination. The Equal Employment Opportunity Commission has updated 30- year-old guidelines to make clear that any form of workplace discrimination or harassment against pregnant workers by employers is a form of sex discrimination and illegal.
WASHINGTON, July 15- The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday.
Stocks are slightly lower in midday trading as investors considered the latest batch of corporate earnings and Federal Reserve Chair Janet Yellen's semi-annual economic report to Congress. Yellen told Congress that the Fed intends to keep providing significant support to the U.S. economy to boost growth and improve labor market conditions.
*Gold inches up after biggest daily drop since Dec. LONDON, July 15- Gold steadied on Tuesday, but traded near its lowest in almost four weeks as investors monitored the Federal Reserve chief's testimony to the U.S. Congress for more clues on the timing of an interest rate increase.