GO
Loading...

Enter multiple symbols separated by commas

Wires

More

  • LOUISVILLE, Ky.— A federal judge has dismissed a lawsuit that accused Maker's Mark distillery of false advertising for promoting its bourbon as handmade. Two California plaintiffs said they were misled by the Kentucky bourbon producer's handmade claim on its bottles, known for their red-wax seal. District Judge John A. Houston in California.

  • July 29- U.S. stocks stayed higher on Wednesday after the U.S. "No change as expected, markets appear comfortable with that, it certainly is not a surprise," Peter Kenny, chief market strategist at Clearpool Group in New York, said after the Fed's statement was released. At 2:09 p.m., the Dow Jones industrial average was up 69.95 points, or 0.4 percent, to 17,700.22, the...

  • WASHINGTON— Below is the statement the Fed released Wednesday after its latest policy meeting ended:. Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional...

  • WASHINGTON, July 29- The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. Following a two-day policy meeting, Fed officials said they felt the economy had overcome a first-quarter slowdown and was "expanding...

  • A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 16-17:. Now: The Fed is a bit more optimistic about the job market: "The labor market continued to improve, with solid job gains and declining unemployment. On balance, a range of labor market indicators suggests that underutilization of labor...

  • Pence on Wednesday named Jim Schellinger as president of the Indiana Economic Development Corp., the agency Pence turned to for helping improve the state's image following a national uproar earlier this year over Indiana's new religious objections law. Schellinger is CEO of Indianapolis- based CSO Architects and has been a member of the IEDC's board of...

  • July 29- Twitter Inc interim CEO Jack Dorsey's harsh criticism of the company's efforts to woo new users may just be the first step to addressing its long-standing problems. At least 19 brokerages cut their price target on Twitter to as low as $30- 18 percent lower than the stock's Tuesday's close of $36.54. That number pales in comparison to Facebook Inc's 1.4...

  • WASHINGTON— The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has...

  • WASHINGTON— Fed keeps interest rate unchanged, seeks further economic gains before starting hikes.

  • WASHINGTON, July 29- The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. Following a two-day policy meeting, Fed officials said they felt the economy had overcome a first-quarter slowdown and was "expanding...

  • RPT-FED SAYS IT WILL RAISE INTEREST RATES WHEN IT HAS SEEN SOME FURTHER IMPROVEMENT IN LABOR MARKET AND IS "REASONABLY CONFIDENT" INFLATION WILL MOVE BACK TO ITS 2 PCT TARGET.

  • ECONOMIC ACTIVITY EXPANDING MODERATELY, WITH SOLID JOB GAINS AND DECLINING UNEMPLOYMENT.

  • FDA approves stomach-filling balloon for weight loss. FDA approves medical balloon to treat obesity by filling up stomach. Patients are sedated during the procedure, which takes less than 30 minutes, according to an FDA release.

  • *Coffee trade focused on big front-month robusta premium. NEW YORK/ LONDON, July 29- Sugar futures on ICE rallied nearly 4 percent on Wednesday, buoyed by the stronger currency in top grower Brazil and the rising premium of whites over raws, indicating physical demand. Coffee and cocoa futures were also firm as the 19- commodity Thomson Reuters CoreCommodity...

  • OTTAWA, July 29- Canadian Prime Minister Stephen Harper said on Wednesday he was not hopeful that the United States would approve the northern leg of TransCanada Corp's controversial Keystone XL pipeline. Harper also told Bloomberg Television that if President Barack Obama did veto the project, he was confident a future U.S. administration would grant...

  • LONDON, July 29- Drugmaker GlaxoSmithKline, which was fined a record 3 billion yuan for corruption in China last year and is examining possible staff misconduct elsewhere, faces new allegations of bribery in Romania. The company is already probing alleged bribery in Poland, the United Arab Emirates, Lebanon, Jordan, Syria and Iraq. The company said it would look "...

  • July 29- Health insurer Anthem Inc, which plans to buy rival Cigna Corp for $54 billion, on Wednesday said medical costs, particularly in its Medicaid and Medicare businesses, were at the low end of expectations and helped boost second-quarter profit. On July 3, No. 3 health insurer Aetna Inc said it would buy rival Humana Inc and Anthem on Friday said it would acquire...

  • *Vlieghe to retain interest in Brevan Howard hedge fund. LONDON, July 29- New Bank of England policymaker Gertjan Vlieghe will retain a financial interest in one of the world's biggest hedge fund firms while he sets interest rates, an arrangement which Britain's finance ministry said posed no conflict of interest. Some economists privately expressed surprise...

  • ATHENS, July 29- Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. At the same time, he is under pressure from Greece's creditors to go beyond the two packages of so-called...

  • WASHINGTON, July 29- Boeing Co Chairman Jim McNerney said on Wednesday the company was actively considering moving "key pieces" of the company to other countries given the ongoing debate in the U.S. Congress over the future of the Export-Import Bank. McNerney said he was more worried than ever that the U.S. Congress could fail to reauthorize the Ex-Im Bank, whose...