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Updated: 16 min 29 sec ago

Fed Needs More Evidence of Stronger Economy Before Rates Rise, Meeting Minutes Show

Wed, 08/19/2015 - 2:00pm
Members of the Federal Open Market Committee agreed they need to see continued improvement in U.S. economic data before hiking rates. 
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Dollar Breaks Below 124 Yen After Fed Minutes Are Released Early

Wed, 08/19/2015 - 1:59pm
The dollar fell below 124 yen for the first time in a week Wednesday after minutes from the July meeting of Federal Reserve policy makers revealed that they might not be ready to raise interest rates.
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Most On Fed Saw Conditions For Rate Hike 'approaching,' Meeting Minutes Show

Wed, 08/19/2015 - 1:46pm
Most Federal Reserve officials thought economic conditions needed for a rate hike were "approaching," according to minutes from the July meeting released Wednesday that suggested that a September rate hike was a live option.
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At a time of year when crude stockpiles usually fall, a surprise build sends drillers tumbling

Wed, 08/19/2015 - 1:38pm
Shares of the world's biggest oil companies a tumbling to multi-year lows on new data showing that U.S. crude inventories continue to rise at a time of year when they are typically in decline.
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New legislative report card gives New Jersey lawmakers failing grade on protecting environment

Wed, 08/19/2015 - 1:34pm
New Jersey's Legislature gets a failing grade when it comes to protecting the state's natural resources, an environmental group said Wednesday in a report.
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Crude Tumbles Following Suprise Build in Stockpiles

Wed, 08/19/2015 - 1:30pm
Oil prices fell about 4 percent, with U.S. crude hitting 6-1/2 year lows and threatening to break below $40, after a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.
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China must wait until at least next year before yuan can join exclusive currency club

Wed, 08/19/2015 - 1:28pm
The International Monetary Fund says China must wait until next year to join an exclusive club of the world's top currencies.
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Wolf, GOP lawmakers resume budget talks as Republicans make offer on school aid, pensions

Wed, 08/19/2015 - 1:19pm
Top Republican lawmakers said Wednesday they will meet a key demand of Gov. Tom Wolf's to boost public school aid, even if it requires a tax increase, but they continued insisting on an end to the traditional benefit in Pennsylvania's two big public pension systems.
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Judge dismisses part of New Jersey lawsuit stemming from 2012 rail derailment, chemical leak

Wed, 08/19/2015 - 1:18pm
A federal judge has thrown out part of a lawsuit stemming from a 2012 train derailment that leaked hazardous chemicals in southern New Jersey.
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Is GM Going to Import Buicks from China?

Wed, 08/19/2015 - 1:15pm
General Motors is reportedly considering plans to build new Buicks in China and ship them to the U.S., adding another wrinkle to ongoing UAW talks.
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Rahal's championship quest prompts primary sponsor to pick up tab for final 2 IndyCar races

Wed, 08/19/2015 - 12:38pm
Graham Rahal's late championship charge is already paying dividends.
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IMF's Executive Board Gives China More Time For Yuan To Become Reserve Currency

Wed, 08/19/2015 - 12:30pm
The International Monetary Fund on Wednesday announced that it has extended its current Special Drawing Rights basket of currencies for nine months, effectively giving China more time to comply with conditions needed to join an elite club of reserve currencies along with the U.S. dollar, euro, yen and British pound.
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Chinese e-commerce company Alibaba names Nestle executive Wan Ling Martello to board

Wed, 08/19/2015 - 12:14pm
Alibaba named Nestle executive Wan Ling Martello to its board of directors Wednesday..
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Agency to demand stores stop selling drones at Newark Liberty airport

Wed, 08/19/2015 - 12:06pm
At least two stores inside Newark Liberty International Airport are selling drones despite federal rules prohibiting flying them near airports.
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Committee OKs bill to require withholding of income tax from Detroiters who work outside city

Wed, 08/19/2015 - 12:02pm
Michigan legislators took a step Wednesday to help Detroit collect unpaid city income taxes from residents who work in the suburbs, a move linked to efforts to persuade Democrats from the city to back an elusive $1.2 billion road-funding plan.
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Hormel slips as company says bird flu, lower pork prices and strong dollar hurt its 3Q sales

Wed, 08/19/2015 - 12:02pm
Shares of Hormel, the company behind Spam canned ham, Dinty Moore stew and other products, wavered Wednesday after the company said its quarterly profit grew, but reported disappointing sales that were hurt by the avian flu epidemic and the strong U.S. dollar.
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Citi to Pay $15M to Settle U.S. Compliance Charges

Wed, 08/19/2015 - 11:59am
A unit of Citigroup will pay $15 million to settle civil charges alleging it failed to enforce policies designed to prevent and detect insider trading, U.S. regulators said.
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'Subway guy' Jared Fogle just latest pitchman to bring scandal to corporate sponsor

Wed, 08/19/2015 - 11:56am
"Subway guy" Jared Fogle has agreed to plead guilty to allegations that he paid for sex with minors and received child pornography, prosecutors say, marking one of the biggest downfalls ever for a corporate pitchman.
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US stocks fall in late morning trade after global losses; investors wait for Fed minutes

Wed, 08/19/2015 - 11:53am
U.S. stocks followed markets in Europe and Asia lower Wednesday ahead of the release of the latest minutes from the Federal Reserve.
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Sen. Schumer plans legislation to mandate technology to restrict areas where drones can fly

Wed, 08/19/2015 - 11:42am
The Federal Aviation Administration is moving too slowly to implement rules requiring drone manufacturers to install technology that would prevent the aircraft from entering "no-fly zones" like airports, U.S. Sen. Charles Schumer said.
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