Fed says labor market improves as it moves toward rate rise

Federal Reserve policy makers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff. “The labor market continued to improve, with … Continue reading


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Fed says labor market improves as it moves toward rate rise

Federal Reserve policy makers said the labor market and housing have improved, moving closer to ending an unprecedented period of near-zero interest rates without providing a clear signal on the timing of liftoff. “The labor market continued to improve, with … Continue reading


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Being frank not enough, Twitter needs to act

Twitter Inc (TWTR.N) interim CEO Jack Dorsey’s harsh criticism of the company’s efforts to woo new users may just be the first step to addressing its long-standing problems. But being frank is not enough, particularly for a social media company … Continue reading


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Being frank not enough, Twitter needs to act

Twitter Inc (TWTR.N) interim CEO Jack Dorsey’s harsh criticism of the company’s efforts to woo new users may just be the first step to addressing its long-standing problems. But being frank is not enough, particularly for a social media company … Continue reading


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U.S. stocks stay higher after Fed leaves rates unchanged

U.S. stocks stayed higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen. Investors have been focused on the outcome of the Fed’s two-day policy meeting … Continue reading


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U.S. stocks stay higher after Fed leaves rates unchanged

U.S. stocks stayed higher on Wednesday after the U.S. Federal Reserve left its key interest rate unchanged and said the economy and job market continued to strengthen. Investors have been focused on the outcome of the Fed’s two-day policy meeting … Continue reading


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Higher incentives, strong dollar weigh on MasterCard’s revenue

MasterCard Inc (MA.N), the operator of the world’s second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. The company was also hurt by a strong dollar as markets outside the United … Continue reading


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Higher incentives, strong dollar weigh on MasterCard’s revenue

MasterCard Inc (MA.N), the operator of the world’s second largest payment network, reported lower-than-expected quarterly revenue as it offered more rebates and incentives to win deals. The company was also hurt by a strong dollar as markets outside the United … Continue reading


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House leader Boehner supports lifting U.S. oil export ban

WASHINGTON Speaker of the U.S. House of Representatives John Boehner told reporters on Wednesday he supports lifting a 40 year-old ban on crude oil exports, a move that could boost support for legislation in his chamber. Boehner said the ban … Continue reading


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House leader Boehner supports lifting U.S. oil export ban

WASHINGTON Speaker of the U.S. House of Representatives John Boehner told reporters on Wednesday he supports lifting a 40 year-old ban on crude oil exports, a move that could boost support for legislation in his chamber. Boehner said the ban … Continue reading


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Exclusive: GSK faces new corruption allegations, this time in Romania

LONDON Drugmaker GlaxoSmithKline, which was fined a record 3 billion yuan ($483 million) for corruption in China last year and is examining possible staff misconduct elsewhere, faces new allegations of bribery in Romania. GSK confirmed it was looking into the … Continue reading


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Exclusive: GSK faces new corruption allegations, this time in Romania

LONDON Drugmaker GlaxoSmithKline, which was fined a record 3 billion yuan ($483 million) for corruption in China last year and is examining possible staff misconduct elsewhere, faces new allegations of bribery in Romania. GSK confirmed it was looking into the … Continue reading


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