National Business News

Fed suggests it's closer to slowing bond purchases

In this Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down.

The Federal Reserve signaled Wednesday that it's moving closer to slowing its bond-buying program, which is intended to keep long-term interest rates at record lows. 9 minutes ago

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Archive by category ''National Business News

NATIONAL BUSINESS NEWS

Comparing US Fed's views on economy, spending

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting on April 30-May 1:

54 minutes ago
NATIONAL BUSINESS NEWS

Stock market falls as traders fear stimulus cuts

Stocks are falling after the Federal Reserve gave a slightly more optimistic outlook for the U.S. economy, which investors took as a hint that the bank was nearer to a decision to reduce its economic stimulus program.
NATIONAL BUSINESS NEWS

News Summary: Assange still in Ecuadorean Embassy

BACK STORY: A year ago, Julian Assange skipped out on a date with Swedish justice. Rather than comply with a British order that he go to the Scandinavian country for questioning about sex crimes allegations, the WikiLeaks founder took refuge in the Ecuadorean Embassy in London.

39 minutes ago
NATIONAL BUSINESS NEWS

News Summary: 5 key health overhaul points to know

Here are five key facts to know about the health care overhaul before major portions of it begin next year.

44 minutes ago
NATIONAL BUSINESS NEWS

News Summary: Greece in talks to end TV crisis

THE TALKS: Greece's governing coalition parties met for the second time in three days to try and end a political crisis triggered by the closure of state broadcaster ERT.

49 minutes ago
NATIONAL BUSINESS NEWS

%byline(By TOM MURPHY

Still a little hazy about the health care overhaul? You have plenty of company.

1 hour ago
NATIONAL BUSINESS NEWS

Thailand cuts rice subsidy price after $4.4B loss

Thailand will pay farmers 20 percent less for rice to stem losses from a much-criticized subsidy program that dislodged the country from its spot as the world's No. 1 exporter of the grain, a government minister said Wednesday.

54 minutes ago
NATIONAL BUSINESS NEWS

Best Buy recalls batteries over fire risk

Best Buy is recalling 5,100 replacement batteries for the MacBook Pro due to a fire risk.

1 hour ago
NATIONAL BUSINESS NEWS

Text of the Federal Reserve's statement Wednesday

Here is the statement the Federal Reserve released Wednesday after its two-day policy meeting:

1 hour ago
NATIONAL BUSINESS NEWS

Correction: Dish-Sprint story

In a story June 18 about Dish Network Corp.'s announcement that it will not submit a revised bid to purchase Sprint Nextel Corp., The Associated Press reported erroneously that Softbank's competing bid for Sprint falls short of Dish's. In fact, the two offers are not directly comparable. Softbank...