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Wires

  • WASHINGTON, May 24- Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday. Nearly all policymakers at the May 2-3 meeting also said they favored beginning the wind-down...

  • The Media Insight Project poll on trust in "the media" versus personal media sources was conducted by the Associated Press-NORC Center for Public Affairs Research and the American Press Institute March 8-27. It is based on online and telephone interviews of 2,036 adults who are members of NORC's nationally representative AmeriSpeak panel.

  • NEW YORK, May 24- The U.S. dollar slipped on Wednesday, after minutes of the latest Federal Reserve meeting showed policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory. "The minutes show that the Fed is going to be cautious and is in no rush to adopt a hawkish tone with respect to...

  • WASHINGTON— The House has unanimously approved legislation that makes it a crime for U.S. service members to distribute intimate photos or videos of people without first getting their consent. The measure is a direct response to a nude-photo sharing scandal that has rocked the Marine Corps. Martha McSally of Arizona, the bill's sponsor, says the "Neanderthals"...

  • May 24- Borrowing by U.S. companies to spend on capital investment rose 8 percent in April, the Equipment Leasing and Finance Association said. Companies signed up for $7.9 billion in new loans, leases and lines of credit last month, the Washington- based trade group said. It is designed to complement the U.S. Commerce Department's durable goods orders report, which...

  • NEW YORK— Ask Americans what they think about the news media, and be prepared for some thumbs down. But a new poll out Wednesday suggests the attitudes are a little more complicated. The poll by the Media Insight Project says Americans have a higher opinion of the news sources they rely on regularly than when asked about the news media as a general concept.

  • LONDON, May 24- U.S. bank Citi held on to top spot in the foreign exchange industrys main annual ranking of traders by volume on Wednesday despite losing around 2 percent in market share, results showed. The survey by financial publishers Euromoney showed overall market share among the top five banks who dominate the worlds biggest financial market fell to 41...

  • May 24- General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets. GM International- which oversees markets such as India, Southeast Asia, and South Korea, among others- will reduce its staff to about 50 from 180 by the year end, according to a person with...

  • *OPEC meets on Thursday to decide output policy. VIENNA, May 24- OPEC and non-member oil producers are set to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices. But hopes quickly faded after a joint OPEC and non- OPEC committee recommended keeping the curbs unchanged for nine months.

  • Inquiries have spiked for temporary office spaces that do not require travel through the busiest train station in the U.S., where weeks-long outages in July and August are expected to trigger a travel nightmare for employees living in New Jersey and Long Island suburbs, according to businesses and real estate specialists. Calls in search of temporary office...

  • NEW YORK, May 24- U.S. stocks were volatile but still slightly higher on Wednesday after minutes of the Federal Reserve's latest meeting showed policymakers agreed they should hold off on raising rates until evidence a recent economic slowdown was transitory. Nearly all policymakers at the May 2-3 meeting also said they favored starting the winding down of...

  • WASHINGTON— Federal appeals judges are divided as they hear arguments over whether the president should be able to more easily fire the head of the government's consumer finance watchdog agency. The U.S. Court of Appeals for the District of Columbia, in a rare hearing by all its judges, took up the politically charged case involving the Consumer Financial...

  • WASHINGTON, May 24- U.S. Senate Majority Leader Mitch McConnell said on Wednesday he does not yet know how Republicans will amass the votes needed to pass legislation now being crafted to dismantle Obamacare, but expressed some optimism on another top priority, overhauling the tax code. McConnell also said he has not asked the White House for input as the Senate...

  • May 24- Ford Motor Co said on Wednesday it more than doubled the annual base salary of its newly-appointed Chief Executive James Hackett to $1.8 million from $716,000. Hackett, 62, known as a turnaround expert, replaced former CEO Mark Fields on Monday. Fields will retire from the company effective August 1.

  • NEW YORK, May 24- U.S. Treasury yields fell to session lows on Wednesday after the Federal Reserve's minutes on its May 2-3 meeting signaled that the central bank remains on a gradual approach to raise interest rates and reduce its bond reinvestment. Longer-dated yields declined more than shorter-dated ones, flattening the yield curve.

  • WASHINGTON, May 24- Puma Biotechnology Inc's experimental breast cancer drug reduces the risk of the disease's recurrence and should be approved, a U.S. Food and Drug Administration advisory committee concluded on Wednesday, sending the stock up as much as 30 percent. The FDA is not obliged to follow the recommendations of its advisory panels, but typically...

  • BUENOS AIRES, Argentina— A judge in Argentina has ordered a search of the offices of the Brazilian construction conglomerate Odebrecht in Buenos Aires. Federal Judge Sebastian Casanello ordered Wednesday's raid as part of an investigation into alleged bribes in the granting of construction contracts. Odebrecht's executives confessed to U.S. prosecutors...

  • He said lawmakers should expect Treasury Secretary Steven Mnuchin to inform them of "a change in the date" in which Congress will need to act to increase the debt limit to avert an economy-rattling default on U.S. obligations like bond payments. Those maneuvers, set out in law, are deemed "extraordinary measures," but in reality they have been employed numerous...

  • BUENOS AIRES, May 24- Argentine holding company Corporacion America said on Wednesday it sold two wind farms in the neighboring country of Uruguay to Spanish renewable energy producer Saeta Yield for $230 million. "Through this operation, the group will continue its growth in the energy area in Argentina, focused on gas production in the southern basin of Santa...

  • NEW YORK— A proposal to curtail the nation's food stamp program would pinch families struggling to pay for groceries and ripple through other areas of the economy, including supermarkets and discounters, as people shuffle their budgets. President Donald Trump is proposing a roughly 30 percent reduction in the federal budget for the program formally known as...