WASHINGTON— The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:. Chair Janet Yellen gave few hints about the answers to such issues when she testified to Congress this month.» Read More
*China's first domestic bond default creates jitters. NEW YORK, March 12- Global stock indexes declined for a fourth day and copper dipped to near four-year lows before rebounding on Wednesday as increasing concern about China's economic slowdown unnerved investors.
*U.S. Senate panel holds confirmation hearing on Thursday. SAN FRANCISCO/ NEW YORK, March 12- Stanley Fischer, U.S. The former chief of the Bank of Israel was chosen to be Fed Chair Janet Yellen's second-in-command in part for his crisis-management credentials, especially during a seven-year stint as the No. 2 official at the International Monetary Fund.
SENATOR CLAIRE MCCASKILL SAYS CONSUMER PROTECTION SUBCOMMITTEE TO HOLD HEARING IN APRIL ON GM RECALL.
MCCASKILL SAYS EXAMINING RESPONSES OF GM AND NHTSA ON TIMING OF DISCOVERY OF FAULTY IGNITION SWITCHES POTENTIALLY AFFECTING MILLIONS OF VEHICLES.
BRUSSELS, March 12- Europe appeared far away from making good its crisis pledge to tackle weak banks as lawmakers and country representatives failed on Wednesday to bridge differences over how to close down troubled lenders.
March 12- Pfizer Inc said a U.S. federal court invalidated a reissue patent covering methods of treating osteoarthritis and other conditions with its Celebrex drug.
ABUJA, March 12- Nigeria's president has authorised a forensic audit of the national energy company, the presidency said on Wednesday, after weeks of public uproar over an alleged $20 billion in missing state revenues.
NEW YORK/ LONDON, March 12- Gold surged 1.3 percent on Wednesday, hitting a near six-month high as fears of more corporate defaults in China and the geopolitical tug-of-war between Russia, Ukraine and the West boosted bullion's appeal as an insurance against riskier assets.
March 12- Herbalife Ltd on Wednesday said the U.S. Federal Trade Commission had opened an inquiry into its operations, news that briefly sent the nutrition and weight loss company's share price down by more than 15 percent.
*Teenager's death sparks unrest in cities across Turkey. *Tens of thousands gather for funeral in Istanbul. Police fired water cannon, tear gas and rubber pellets on a major Istanbul avenue to stop tens of thousands of people chanting anti-government slogans from reaching the central Taksim square.
NEW YORK, March 12- New York's Albany County on Wednesday issued a moratorium on the expansion of crude oil processing in the Port of Albany, pending a public health investigation by the county's health department. The moratorium would affect an oil-processing expansion project proposed by Global Partners LP, Albany County said in its statement.
NEW YORK, March 12- Puerto Rico's newly issued bonds rallied in their first full day of trading on Wednesday as investors snapped up the debt after strong demand for the premium offered by the cash-strapped U.S. territory left its $3.5 billion issue heavily oversubscribed.
WASHINGTON, March 12- The White House said the Department of Energy's sale of oil from the Strategic Petroleum Reserve announced on Wednesday was an operational test and was not related to the dispute with Russia over Ukraine.
*Copper's fall compounds concerns over China slowdown. NEW YORK, March 12- U.S. crude oil fell by more than 2 percent on Wednesday, its biggest drop in two months, after the United States announced unexpected plans for a "test" release of strategic oil reserves while weekly data showed a big rise in crude stockpiles.
March 12- U.S.-based nutrition and weight loss company Herbalife Ltd on Wednesday said the U.S. Federal Trade Commission opened an inquiry into its operations. Herbalife, which has been accused by hedge fund manager William Ackman of running a pyramid scheme, said it would "cooperate fully" with the FTC.
BRUSSELS, March 12- European lawmakers put pressure on EU countries on Wednesday to shield citizens' privacy, warning that they could block a trade deal with the United States if governments did not take a tougher stance on snooping.
NEW YORK, March 12- A U.S. judge on Wednesday ordered former Goldman Sachs Group Inc trader Fabrice Tourre to pay more than $825,000 after a jury found him liable for defrauding investors in a subprime mortgage product that failed during the financial crisis.
DETROIT, March 12- General Motors Co said on Wednesday that even after the vehicles in its ignition-switch recall are repaired, owners should still have only the key and fob on the key ring.
SPI Group, owner of Stolichnaya vodka, Italy's Campari and private equity firms Lion Capital and TPG Capital Management are among the interested parties likely to have bid, said the sources, who declined to be identified since the process is private.
March 11- Senomyx Inc said its Sweetmyx food flavoring was determined to be safe, paving the way for customers such as PepsiCo Inc to add it in drinks to reduce the use of sugar or sugar substitutes.