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Fed upbeat on U.S. economy, cites strong job gains

WASHINGTON - The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year.

Recent Business News

Boeing fourth-quarter profit surges; sees cash rise in 2015

- Boeing Co reported a 23 percent increase in core fourth-quarter profit on Wednesday, topping analysts' estimates and sending its shares up 4.3 percent. | Video

3:49pm EST

Icahn on CNBC says his son was right on Netflix, wished he bought more

NEW YORK - Billionaire activist investor Carl Icahn said on Wednesday that he sold Netflix Inc shares too soon, admitting that his son Brett and fund co-manager David Schechter were correct to believe the stock was significantly undervalued.

Tech, Money 1:43pm EST

iPhone sales trample expectations as profit sets global record

- Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. | Video

China, Tech 6:45am EST

Fiat Chrysler no longer 'bleeding' in Europe, but challenges remain

MILAN/DETROIT - Fiat Chrysler Automobiles expects to turn profits in all regions this year, but faces pressure to rev up its North American profit engine to fund an ambitious overhaul of its Alfa Romeo and Maserati brands.

2:54pm EST

GM says it has no plans to extend ignition switch claims deadline

DETROIT - General Motors Co on Wednesday said it does not plan to extend a Jan. 31 deadline to file claims in its faulty ignition switch compensation program, rejecting pleas from two U.S. senators to extend the deadline.

4:54pm EST

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