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Updated: 29 min 41 sec ago
The economy is getting closer to the Federal Reserve's goals of full employment and stable inflation, and the debate at the central bank is "naturally shifting" to debating when the central bank should begin to raise interest rates, Federal Reserve Chairwoman Janet Yellen said Friday.
The Fed chief said there's no simple formula to determine labor market improvement, and the central bank will eye a slew of factors to decide how to tighten its stimulus program.
An ATM for bitcoin was launched in Manhanttan on Thursday evening in the West Village.
Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.
Keurig Green Mountain Inc. and Kraft Foods Group Inc. said Friday they have entered a licensing agreement for Kraft's coffee to be manufactured in Keurig's single-cup brewing packs.
The European Space Agency says two satellites for its new global navigation system have been lifted into orbit aboard a modified Soyuz rocket.
Deere & Co. said it will lay off 460 employees in its Waterloo, Iowa operations, as part of the farm and agricultural equipment maker's plan to reduce its workforce to match lower demand.
The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync.
IBM will help China's largest server vendor Inspur International design server systems, the two companies said on Friday, an unexpected development in what has been a politically charged rivalry in the Chinese technology market.
Investors poured money back into junk bond funds during the past week after a streak of sharp outflows in July and August.
Cameron County commissioners have agreed to waive 10 years of county taxes as part of an agreement bringing the world's first commercial site for orbital rocket launches to the southernmost tip of Texas.
Ann Inc. (ANN) on Friday reported earnings of $32.7 million in its fiscal second quarter.
Foot Locker Inc. (FL) on Friday reported profit of $92 million in its fiscal second quarter.
Apple suppliers are struggling to get enough screens ready for the launch of the bigger-screened iPhone 6 next month, according to a report by Reuters, citing unnamed sources.
Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported.
Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
Serbia's prime minister says the Balkan country will not impose sanctions against Russia or curb its food exports despite pressure from the European Union.
A federal judge in California on Thursday denied a request by Allergan Inc to expedite its civil suit claiming that Valeant Pharmaceuticals International Inc and Pershing Square Capital Management engaged in insider trading ahead of their bid to buy Allergan.
Ann Inc. reported fiscal second-quarter profit of $32.7 million, or 70 cents a share, down from $35.6 million, or 76 cents a share, in the year-earlier period, but above the FactSet consensus analyst estimate of 68 cents a share.
Royal Bank of Canada reported a 4 percent increase in quarterly earnings on Friday, driven by strong results from its wealth management and capital markets divisions.