WASHINGTON Federal Reserve policymakers agreed they should hold off on raising interest rates until it was clear a recent U.S. economic slowdown was temporary, though most said a hike was coming soon, minutes from their last policy meeting showed on Wednesday.
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WASHINGTON U.S. home resales fell from a more than 10-year high in April, weighed down by a chronic shortage of houses on the market that is keeping prices elevated and sidelining prospective buyers.
VIENNA OPEC and non-member oil producers are set to extend output cuts on Thursday, possibly by as long as 12 months, to help clear a global stocks overhang and prop up crude prices.
General Motors Co will slash headcount in its international headquarters in Singapore as part of its efforts to reduce exposure to unprofitable and unpromising markets.
Ford Motor Co said on Wednesday new Chief Executive James Hackett is eligible for at least $13.4 million in total annual compensation.
OAK BROOK, Ill. Hundreds of fast-food workers demanded wage increases as they marched outside McDonald's Corp headquarters during the company's annual shareholder meeting on Wednesday.