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Federal Reserve Makes Murky Situation Even Murkier

Thu, 09/17/2015 - 3:28pm
Some analysts believe the Fed's decision to delay raising rates has exacerbated the strong sense of uncertainty that has permeated markets in recent weeks.
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European operator Altice's foray into US adds to consolidation wave, but what does it mean?

Thu, 09/17/2015 - 3:20pm
European telecoms operator Altice has made a deal to buy Cablevision, a New York based-cable company, marking its second foray into the U.S. market, following its announcement in May that it was buying St. Louis-based Suddenlink.
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API Says U.S. Petroleum Demand Hit Its Highest August Level In 5 Years

Thu, 09/17/2015 - 3:03pm
U.S. demand of oil and refined products rose to their highest August level in five years, according to a monthly report from the American Petroleum Institute released Thursday.
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Utilities Sector Gets a Big Lift After Fed Stands Pat

Thu, 09/17/2015 - 2:57pm
The SPDR Utilities ETF surged 2.3% in active afternoon trade, with nine of the 10 of the most-heavily weighted components rising more 2%.
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Apple alerts Supreme Court of plans to appeal electronic books antitrust rulings against it

Thu, 09/17/2015 - 2:56pm
Apple has signaled it will ask the Supreme Court to hear its claims that lower courts erred in finding it colluded with publishers to raise electronic book prices in 2010.
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Ohio's high court orders rewrite of some ballot wording, lets title stand in pot issue dispute

Thu, 09/17/2015 - 2:47pm
The Ohio Supreme Court ruled some ballot language for a proposal to legalize marijuana is misleading and should be rewritten, while allowing the issue's title containing the disputed use of the word "monopoly" to stand.
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Regional Bank Sector Takes Fed's No-hike Decision Pretty Hard

Thu, 09/17/2015 - 2:27pm
The regional bank sector took the news of no interest rate increase pretty hard.
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Feds agree to pay $940 million to settle claims that US government shorted tribes on contracts

Thu, 09/17/2015 - 2:23pm
The Obama administration has agreed to pay a group of Native American tribes nearly $1 billion to settle a decades-old claim that the government failed to adequately compensate tribes while they managed education, law enforcement and other federal services.
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A look at the Federal Reserve's changing view on interest rates, inflation and global economy

Thu, 09/17/2015 - 2:10pm
A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting July 28-29: INTEREST RATES: Now: No change: "The (Fed) today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate." Then: "The (Fed) today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate." GLOBAL ECONOMY: September: "Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term." July: The Fed simply said it was monitoring international developments: The Fed's decisions "will take into account a wide range of information, including ...
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The full text of the Federal Reserve's statement after its meeting ended Thursday

Thu, 09/17/2015 - 2:09pm
Below is the statement the Fed released Thursday after its policy meeting ended: Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace.
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US Fed expects slower growth, lower inflation next year and 2017 as it postpones rate hike

Thu, 09/17/2015 - 2:03pm
Federal Reserve policymakers have slightly lowered their projections for growth and inflation in the next two years, an outlook that likely factored into their decision to hold off on raising interest rates.
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Federal Reserve leaves key interest rate unchanged, citing global problems and low inflation

Thu, 09/17/2015 - 2:01pm
The Federal Reserve is keeping U.S. interest rates at record lows in the face of threats from a weak global economy, persistently low inflation and unstable financial markets.
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Fed Lowers Its Long-run Interest Rate Forecast

Thu, 09/17/2015 - 2:00pm
The Federal Reserve on Thursday lowered its interest-rate forecast for the longer run, a crucial statement that says the U.S. economy is getting less capable of withstanding monetary policy tightening.
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Lilly Shares Rally To Near 15-year High On Diabetes Drug Study Results

Thu, 09/17/2015 - 1:46pm
Eli Lilly & Co. shares rallied to their highest level in nearly 15 years Thursday after the drug maker said a study showed one of its treatments significantly reduced the risk of cardiovascular death in diabetes patients.
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The Dow Rose On The Day The Fed First Hiked Rates In 2004, Then Fell Over The Next 3 Months

Thu, 09/17/2015 - 1:35pm
Of the Dow Jones Industrial Average's current 29 components that were around on June 30, 2004, which was the day the Federal Reserve raised rates for the first time during the last rate hike cycle, shares of UnitedHealth Group Inc. were the best performer on the day--up 1.4%--while Apple Inc. was the best performer after three months--up 19%.
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American Airlines Grounds Flights in Some Cities

Thu, 09/17/2015 - 1:26pm
American Airlines grounded flights due to computer system issues. 
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Appeals panel upholds casino's 'Borgata Babes' weight restrictions; lets bias claims advance

Thu, 09/17/2015 - 1:14pm
An appeals panel has upheld the Borgata casino's policy of regulating how much its cocktail waitresses can weigh.
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Federal Reserve Leaves Rates Unchanged

Thu, 09/17/2015 - 1:12pm
The Federal Reserve opted to leave short term interest rates unchanged. 
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CEO of Canadian firm leads suggested, and confidential, valuation of Mountain Water Co.

Thu, 09/17/2015 - 1:07pm
The CEO of a Canadian firm seeking to buy the water company that serves the city of Missoula leaked what was supposed to be a confidential valuation of the system, an attorney for the city said.
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Caesars Entertainment opens conference center designed to grow Atlantic City meetings market

Thu, 09/17/2015 - 1:07pm
Atlantic City took a step toward remaking itself Thursday — and it had nothing to do with gambling.
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