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Fed leaves rates unchanged, says risks to outlook reduced

WASHINGTON The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.

Recent Business News

U.S. durable goods orders data points to weak business spending

WASHINGTON New orders for U.S. manufactured capital goods rose less than expected in June amid weak demand for machinery, suggesting an ongoing downturn in business spending.

2:44pm EDT

Wall St. ends lower after Fed keeps rates unchanged

Wall Street ended lower on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a possible rate increase later this year.

4:28pm EDT

Venezuela roils corporate profits around the globe

BOSTON U.S. companies operating in Venezuela have escalated the use of an accounting maneuver to insulate themselves from a worsening economic crisis in the South American country that has erased more than $10 billion in profits over the past 18 months.

3:28pm EDT

Boeing posts lower-than-expected second-quarter loss, stock gains

NEW YORK Boeing Co reported a smaller-than-expected second-quarter loss on Wednesday, cushioned by strong performances in its jetliner and defense businesses.

3:07pm EDT

Czech cabinet approves investment deal with GE Aviation

PRAGUE The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros ($384.76 million).

1:53pm EDT

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