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  • NEW YORK, Oct 8- U.S. stocks soared and the dollar fell on Wednesday on a wave of investor relief after the Federal Reserve said it does not plan to hike interest rates before the economy can support an increase. Data and forecasts out of China, Spain and Germany this week indicated economic weakness. "If at the end of the day what we are left with is slowing global growth...

  • NEW YORK, Oct 8- U.S. stocks soared on Wednesday, with major indexes posting their biggest one-day jumps of 2014 after the Federal Reserve reassured investors that its first interest rate hike would not come until it deemed the economy could withstand it. Market, and the labor market is still too squishy for the Fed to be raising rates anytime soon, "said Jim...

  • WASHINGTON/ NEW YORK, Oct 8- The debate within the Federal Reserve over how to telegraph a rise in interest rates heated up last month, with several officials concerned about misleading investors and pushing for a more data-dependent approach, according to minutes from its last policy meeting. But as the Fed grapples with how to communicate its view on hiking...

  • Fuel economy for new light-duty vehicles in the United States reached an all-time high in the 2013 model year, averaging 24.1 miles per gallon, up 0.5 mpg on the year, the EPA said in an annual report. The EPA said recent improvements in part reflected automakers' rapid adoption of more efficient technologies such as gasoline direct injection engines, turbo...

  • PRECIOUS-Gold rises nearly 1 percent after Fed minutes Wednesday, 8 Oct 2014 | 3:41 PM ET

    *Gold jumps after Fed releases minutes. NEW YORK/ LONDON, Oct 8- Gold rose about 1 percent on Wednesday after minutes of the last Federal Reserve policy meeting showed U.S. central bankers concerned about the rising dollar, slowing inflation and economic turmoil in Europe and Asia, feeding the view that interest rates would stay low. "Gold prices are likely to...

  • NEW YORK, Oct 8- The dollar fell to a two-week low against the euro on Wednesday after minutes of the latest Federal Reserve policy meeting focused on the downside risks to the U.S. economy, suggesting the central bank could take its time in raising interest rates. "The minutes verbalized the notion that a strong dollar could act as a de facto tightening of monetary...

  • US STOCKS-Wall St jumps 1 pct after Fed minutes Wednesday, 8 Oct 2014 | 2:49 PM ET

    NEW YORK, Oct 8- U.S. stocks rallied 1 percent on Wednesday, jumping in a volatile session after the Federal Reserve reassured investors that the first interest rate hike would not come before the economy could support it. The Fed has said that it would not raise rates for a "considerable time," and in the minutes from its Sept. 16-17 meeting the U.S. central bank...

  • WASHINGTON/ NEW YORK, Oct 8- The Federal Reserve's debate on whether to change its interest rate guidance heated up last month, with several officials saying the U.S. central bank risked misleading investors with its current view, according to minutes of its last policy meeting. "The concern was raised that the reference to' considerable time' in the current...

  • NEW YORK, Oct 8- U.S. stocks were little changed in a volatile Wednesday session, with the S&P 500 bouncing off a key technical level and traders eyeing the release of the minutes of the latest Federal Reserve meeting. However, retailer Costco Wholesale Corp posted strong earnings, topping analysts' estimates for the first time in five quarters.

  • Mandatory: US orders Ebola screening at airports Wednesday, 8 Oct 2014 | 1:38 PM ET
    People in the main terminal at Washington Dulles International Airport.

    Federal officials have ordered agents at airports and other points of entry to observe all arriving travelers for signs of Ebola.

  • You're gone: VA moves to fire execs in scandal Wednesday, 8 Oct 2014 | 1:02 PM ET
    A Veterans Affairs hospital in Pittsburgh.

    Veterans Affairs says it has taken action against four senior execs for reasons ranging from unethical behavior to the misuse of VA resources.

  • WASHINGTON, Oct 8- Telecommunications giant AT&T Inc has agreed to pay $105 million to settle allegations that it put unauthorized charges on customers' cell phone bills, a practice known as cramming, the Federal Trade Commission said on Wednesday. AT&T will pay $80 million to refund customers while $20 million is earmarked for penalties and fees to all 50 U.S....

  • PLYMOUTH, Wisc., Oct 8- Chicago Federal Reserve Bank President Charles Evans on Wednesday again urged the U.S. central bank to be "exceptionally patient" on raising interest rates, allowing inflation to rise as high as 2.5 percent if necessary to get the economy back to health. "I think when we try to sort of thread the needle and bring it in just at 2 percent and not...

  • NEW YORK, Oct 8- The dollar inched higher against most major currencies on Wednesday, after losses in the previous sessions, as traders consolidated positions ahead of the release of minutes from the Federal Reserve's most recent policy meeting. The minutes from the U.S. central bank's rate-setting Federal Open Market Committee are due at 2:00 p.m. EDT and...

  • PLYMOUTH, Wisc., Oct 8- Chicago Federal Reserve Bank President Charles Evans on Wednesday again urged the U.S. central bank to be "exceptionally patient" on raising rates, noting downside risks to both growth and inflation. The Fed has kept interest rates near zero since December 2008 and has bought trillions of dollars of long-term securities to push borrowing...

  • LONDON, Oct 8- The dollar edged up against most major currencies on Wednesday, as traders waited for minutes from the Federal Reserve's latest policy meeting for signs that the United States was moving closer to interest rate rises. Minneapolis Federal Reserve Bank President Narayana Kocheralakota said on Tuesday that low inflation should compel the Fed to...

  • Oct 7- Shares of Herbalife Ltd tumbled 3.4 percent on Tuesday after a news report that the U.S. Federal Trade Commission could move against the nutritional products maker, although there was no sign regulatory action was imminent. The commission started an inquiry into Herbalife's operations in March after activist investor William Ackman called for...

  • NEW YORK, Oct 7- The Federal Aviation Administration expects to issue safety approval for the newest jetliner from Europe's Airbus Group, the A350, by the end of this month, a spokesman said on Tuesday. "The FAA anticipates being able to issue the A350 type certificate during the latter part of October," the spokesman said by email in response to a Reuters query.

  • SAN FRANCISCO, Oct 7- Twitter Inc sued the U.S. Department of Justice on Tuesday, intensifying its battle with federal agencies as the Internet industry's self-described champion of free speech seeks the right to provide more specifics about the extent of U.S. government surveillance. Twitter's lawsuit follows an agreement between Internet companies like...

  • SAN FRANCISCO, Oct 7- Twitter Inc has sued the U.S. Department of Justice and the Federal Bureau of Investigation seeking the right to provide more specifics about the extent of U.S. government surveillance and requests for information from federal agencies. The lawsuit, filed with the U.S. District Court of Northern California on Tuesday, follows an agreement...