Economies

Fed Upgrades Economy, Concerned About Falling Inflation

Fed chairwoman Janet Yellen speaks on Dec. 17, 2014 in Washington, DC. Her next press conference as head of the FOMC takes place on March 18. (Alex Wong/Getty Images)
Fed chairwoman Janet Yellen speaks on Dec. 17, 2014 in Washington, DC. Her next press conference as head of the FOMC takes place on March 18. (Alex Wong/Getty Images)

The Fed upgraded its assessment of the U.S. economy and labour market on Wednesday, but noted that falling inflation is a key concern and the...

Economies

Fed Is Expected to Remain ‘Patient’ About a First Rate Hike

WASHINGTON— As the Federal Reserve ends its latest policy meeting Wednesday, it is widely expected to repeat the pledge it made in December: That it will be “patient” in raising interest rates from record lows. That pledge could endure well …... Read More

Economies

CommScope Buying Some of TE Connectivity Ops for About $3B

HICKORY, N.C.— CommScope is buying TE Connectivity Ltd.’s telecom, enterprise and wireless businesses for about $3 billion, which will help diversify its operations and broaden its geographic reach. The businesses, made up of 65 facilities and approximately 10,000 employees, had …... Read More




  • Greece’s prime minister Alexis Tsipras (R) is sworn in with Greek president Karolos Papoulias on Jan. 26, 2015 in Athens. The radical left-wing party Syriza won the snap Greek general election and has asked the right-wing Independent Greek party to form an anti-austerity coalition. (Milos Bicanski/Getty Images)

    New Greek Cabinet Determined to Renegotiate Bailout

    ATHENS—Greece’s new left-wing prime minister, Alexis Tsipras, picked an outspoken bailout critic as his new finance minister Tuesday, Jan. 27, signalling his resolve to take... Read more

  • Mike Johnson, a sales manager at a Honda car dealership, opens the hood of a Honda CRV SUV in Tempe, Ariz., on Dec. 2, 2014. The Commerce Department releases durable goods orders for January on Tuesday, Jan. 27, 2015. (AP Photo/Ross D. Franklin)

    Orders for US Durable Goods Stumbled in December

    WASHINGTON—Orders for long-lasting manufactured goods dropped sharply in December, as U.S. businesses trimmed spending amid escalating worries about the global economy. Orders for durable goods... Read more

  • Taxis that belong to Arthur Cab Leasing Corp. stand idle outside the company's lot before being put it back into service following a winter storm, Tuesday, Jan. 27, 2015, in the Queens borough of New York. Manager Shaon Chowdhury estimates that the winter storm has cost his company approximately $60,000 in lost revenue and added expenses. (AP Photo/Jason DeCrow)

    NYC Economy Lost $200M From Fizzled Storm, Transit Shutdown

    NEW YORK—New York City lost about $200 million in economic activity in the fizzled snow storm and decision to shut down the transit system, but it... Read more

  • In this picture taken Sunday, Nov. 16, 2014 visitors crowed the Christmas market in front of the neo-Gothic City hall in Vienna, Austria. Nothing will put you more in the mood for the festive season than the Christmas markets big and small dotting the city. Choices range from the more than 150 wooden huts set up in front of the City hall, to markets often no bigger than a few booths. Among the hundreds of goods on offer are tree lights, candles, ornaments and musical Christmas toys. Letters read "Merry Christmas". (AP Photo/Ronald Zak)

    Europe Trips Go on Sale as Currency Plunges

    Europe’s cheaper currency might not achieve more lending and more investment after all. It will, however, make a trip across the Atlantic a lot cheaper... Read more

  • FILE - In this Jan. 12, 2015 file photo, a now hiring sign hangs nearby as a builder works on a commercial property under construction in Peabody, Mass. The Labor Department reports on state unemployment rates for December on Tuesday, Jan. 27, 2015.  (AP Photo/Elise Amendola, File)

    Unemployment Falls in 42 States Amid Broad Hiring

    WASHINGTON— Unemployment rates fell in 42 U.S. states last month, the latest sign that strong hiring is boosting job opportunities nationwide. The Labor Department said... Read more

  • In this Thursday, Jan. 8, 2015 photo, a flag flaps in the breeze in front of a new home for sale in Richmond, Va. The Commerce Department reports on sales of new homes for December on Tuesday, Jan. 27, 2015. (AP Photo/Steve Helber)

    New Home Sales up 11.6 Percent in December

    WASHINGTON—Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014. The Commerce Department said... Read more

  • In this Thursday, Jan. 8, 2015 photo, a flag flaps in the breeze in front of a new home for sale in Richmond, Va. The Commerce Department reports on sales of new homes for December on Tuesday, Jan. 27, 2015. (AP Photo/Steve Helber)

    Home Price Gains, Sales Slow in November

    WASHINGTON—U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of available houses. The Standard &... Read more

  • U.S President Barack Obama, right, shakes hands with Indian Prime Minister Narendra Modi as they participate in a CEO roundtable discussion at the The Taj Mahal Hotel in New Delhi, India, Monday, Jan. 26, 2015. Officials in both countries say Obama and Modi developed an easy chemistry when they first met in Washington last fall. The two leaders spent several hours together Sunday and heralded their close relationship. (AP Photo/Carolyn Kaster)

    US-India Nuclear ‘Breakthrough’ More Hype Than Reality

    NEW DELHI—India and America’s declaration of a breakthrough in contentious nuclear energy cooperation has been met with a lukewarm response from industry and analysts. Few... Read more

  • Image made from a frame grabbed from NASA-TV, the SpaceX Dragon resupply capsule begins the process of being berthed on to the International Space Station, on April 20, 2014. (AP Photo/NASA-TV)

    Boeing, SpaceX Will Beat Russia on Price for Astronaut Rides

    CAPE CANAVERAL, Fla.—NASA expects to save millions of dollars in launch costs, once its commercial crew program starts flying in a couple of years. SpaceX... Read more

  • S&P Downgrades Russia Credit Rating to Junk

    LONDON—Standard & Poor’s rating agency has downgraded Russia’s credit grade by one notch to junk status, citing a weakened economic outlook. The agency dropped the... Read more

  • Brandon Bybee, left, and Cory McKenrick, second from left, talk with a ticket agent to try and move up their flight to Illinois in order to beat an expected snow storm at LaGuardia Airport in New York, Monday, Jan. 26, 2015. Airlines canceled thousands of flights into and out of East Coast airports as a major snowstorm packing up to 3 feet of snow barrels down on the region. (AP Photo/Seth Wenig)

    Thousands of Flights Canceled as Storm Descends on the East

    More than 5,000 flights in and out of East Coast airports have been canceled as a major snowstorm packing up to three feet of snow... Read more

  • A staff member counts money at a branch of the Bank of China in Lianyungang, Jiangsu Province of China. Increasingly, other currencies including the Canadian dollar will be taking the US dollar’s place in exchange for renminbi. (ChinaFotoPress/Getty Images)

    The Chinese Economy Debunked (+Video)

    Many analysts say Chinese economic growth over the last 30 years was a miracle. While it may have been the fastest on record, it certainly... Read more

  • In this zoomed picture the Euro sculpture stands in front of the old European Central Bank in Frankfurt, Germany, Monday, Jan. 26, 2015.  The euro wobbled Monday after Greece's anti-austerity opposition party won a big victory in national elections, renewing fears the European common currency bloc could unravel.(AP Photo/Michael Probst)

    Eurozone Looks for Dialogue After Greece Elections

    BRUSSELS—The election in Greece of a radical party that wants to overhaul the country’s bailout program raises new uncertainties for the eurozone. But several European... Read more

  • Shoppers are reflected in a store's window as they walk through Chicago's Loop, in Chicago, on Dec. 24, 2014. Rising sales helped boost hiring at U.S. businesses in the last three months of 2014, and companies are optimistic that continued improvement in business conditions will bring increased employment and wages in the current quarter, a new survey shows. (AP Photo/Charles Rex Arbogast)

    US Firms Optimistic on Hiring, Wages in First Quarter: Survey

    WASHINGTON—Rising sales helped boost hiring at U.S. businesses in the last three months of 2014, and companies are optimistic that continued improvement in business conditions... Read more

  • MeadWestvaco, Rock-Tenn Join to Form $16B Packaging Behemoth

    RICHMOND, Va.— Rock-Tenn and MeadWestvaco will join forces to create a $16 billion packaging company, driving down its own costs and possibly gaining the scale... Read more

  • Post Holdings to Pay $1.15B for Malt-O-Meal Cereal Maker

    ST. LOUIS— Post Holdings is spending $1.15 billion to bulk up its presence in the market for bagged and hot cereals by buying the privately... Read more


    Top