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Fed seen holding rates steady as inflation watch continues

SAN FRANCISCO The U.S. Federal Reserve is expected to keep interest rates unchanged this week, deferring any possible increase until September or December, as policymakers hold out for more evidence of a pickup in inflation.

Recent Business News

Verizon reports bigger-than-expected fall in quarterly revenue

Verizon Communications Inc  reported a bigger-than-expected fall in quarterly revenue as the No. 1 U.S. wireless carrier's operations were disrupted by a strike involving its wireline workers and more customers opted for cheaper plans.

8:10am EDT

McDonald's quarterly revenue falls 3.6 percent

McDonald's Corp reported a 3.6 percent fall in quarterly revenue as fewer customers visited its restaurants, mainly in the United States.

8:12am EDT

Verizon sale leaves Yahoo investors betting on a stub

Yahoo Inc shareholders may be left betting on how quickly, if at all, the former web pioneer can cash in on its multi-billion dollar stakes in two Asian peers after Monday's deal to sell its core internet assets to Verizon Communications Inc.

Tech, Deals 1:10am EDT

Renewed oil weakness sparks demand fears

NEW YORK U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. Six weeks later, the long hoped for recovery has yet to take hold.

1:23am EDT

Daimler's mytaxi to merge with Hailo to take on Uber

FRANKFURT Daimler's mytaxi said it will merge with British rival Hailo in an all-share deal, creating Europe's largest smartphone-based taxi-hailing business.

Tech, Deals 4:44am EDT

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