FOX News: Business

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Updated: 19 min 51 sec ago

Despite higher rate talk from the Fed, a late push sends US stocks higher; Bond yields rise

Wed, 08/20/2014 - 4:11pm
A late round of buying is leaving stock indexes mostly higher.
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H-P 3Q Profits Meet Street View, Sales Narrowly Beat

Wed, 08/20/2014 - 4:09pm
The computer giant posted adjusted profits of 89 cents a share as sales for the quarter climbed to $27.6 billion, slightly surpassed views.
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Wall Street Climbs Following Fed Minutes

Wed, 08/20/2014 - 4:07pm
U.S. stocks posted modest gains after traders digested the latest Fed minutes, with the S&P 500 closing right under its record high.
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Wheat, corn, oats, and soybeans fell on the CBOT; beef and pork lower on the CME.

Wed, 08/20/2014 - 3:32pm
Grain futures were lower Wednesday on the Chicago Board of Trade.
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Review: Baseball does online right, as long as you overlook video blackouts

Wed, 08/20/2014 - 2:54pm
Major League Baseball shows what can be done right when it comes to making its games available on the Internet.
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Accounting obscurities mean US settlement with Bank of America might not cost bank $17 billion

Wed, 08/20/2014 - 2:30pm
The Justice Department's $17 billion settlement with Bank of America almost certainly will not cost the company that much.
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AP: BofA in $17B Settlement Over Mortgage Bonds

Wed, 08/20/2014 - 2:30pm
Bank of America forged a record $17 billion settlement over mortgage-backed securities sold ahead of the financial crisis, the Associated Press reports.
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APNewsBreak: Bank of America reaches $17B settlement with US over sale of securities

Wed, 08/20/2014 - 2:16pm
Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
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BP hires SandRidge Energy executive David Lawler as CEO of its US business before spinoff

Wed, 08/20/2014 - 2:06pm
BP PLC said Wednesday that it has hired David Lawler as CEO of the oil and gas company's U.S. business, which is gearing up to spin off into its own separate company.
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Bed Bugs Said to Plague PIMCO Office in New York

Wed, 08/20/2014 - 2:03pm
Bug Bonds? As if Bill Gross didn’t have enough problems, now the big money management firm he runs has been hit with a major infestation of bed bugs.
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Fed More Divided On How Fast Labor Market Is Improving

Wed, 08/20/2014 - 2:00pm
U.S. central bankers say the labor market is improving faster than expected, but the majority of top Federal Reserve officials are still not convinced it's strong enough to alter their approach on interest rates anytime soon, according to minutes of the bank's last big meeting in July.
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Fed To Use Excess Reserves As Tool To Alter Fed Funds Rate

Wed, 08/20/2014 - 2:00pm
The Federal Reserve has agreed to use interest rates on excess reserves as its main tool to set the federal funds rate and the bank plans to target a range instead of a precise number when it eventually raises rates, according to minutes of its July 29-30 meeting released Wednesday.
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Gold Slides As Investors Await Fed Minutes

Wed, 08/20/2014 - 1:48pm
Gold futures extended losses, falling for a fourth session on Wednesday, ahead of the release of minutes from the most recent Federal Reserve policy meeting.
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Fact sheet: Infiniti QX60

Wed, 08/20/2014 - 1:46pm
2014 Infiniti QX60 Hybrid AWD BASE PRICE: $45,100 with FWD; $46,500 with AWD.
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2014 Infiniti QX60 Hybrid SUV is supercharged, yet fuel efficient

Wed, 08/20/2014 - 1:45pm
          Families who need a vehicle with three rows of seats have a new, roomy and plush sport utility choice this year that's high in government fuel economy ratings.
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Libya's largest oil depot begins exports after a yearlong blockade by militiamen, workers

Wed, 08/20/2014 - 1:43pm
Libya's National Oil Corp. says the country's largest export terminal has begun loading a tanker destined for Italy, its first shipment after a yearlong blockade over disputes between the central government and rebels.
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Fed Fine-Tuned Rate Liftoff, Balance Sheet Reduction Strategy in July Meeting

Wed, 08/20/2014 - 1:41pm
Members of the Federal Reserve’s policy-setting board honed their strategy for eventually hiking interest rates and reducing the central bank’s massive balance sheet at the late-July meeting, minutes show. 
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Attorney offers reward for Tim Blixseth's assets; former billionaire says it's a desperate act

Wed, 08/20/2014 - 1:39pm
The trustee representing Montana's Yellowstone Club creditors is offering a reward to anyone who can help uncover assets the luxury resort's co-founder might have hidden from bankruptcy proceedings.
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Texas regulators approve expansion of nuke site, reduction in financial assurances

Wed, 08/20/2014 - 1:29pm
Regulators have approved allowing depleted uranium to be buried at a West Texas nuclear waste dump site.
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US Embassy warns that Venezuela is losing airline access, travelers could be stranded

Wed, 08/20/2014 - 12:30pm
Come to Venezuela and you might get a longer trip than you bargained for.
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