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Fed nods to firmer inflation, still focused on labor weakness

WASHINGTON - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target.

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Kerry presses India on global trade deal as deadline looms

NEW DELHI - U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalization. | Video

3:07pm EDT

S&P cuts Argentina's credit rating further as talks drag on

- Standard & Poor's on Wednesday cut its credit rating on Argentina's foreign-currency sovereign debt to "selective default" even as talks between officials from Latin America's No. 3 economy and a group of holdout creditors continued in New York.

5:03pm EDT

Chrysler recalls Fiat 500L on knee air bag issue

DETROIT - Chrysler Group LLC will recall about 29,500 Fiat 500L compact cars because knee air bags may not work properly if a driver is not wearing a seat belt, the company said on Wednesday.

4:43pm EDT

Boeing to make longest 787-10 Dreamliner exclusively in South Carolina

NORTH CHARLESTON S.C. - Boeing Co said on Wednesday it will build its biggest Dreamliner, the 787-10, exclusively at its South Carolina plant in North Charleston, a move that marked the continuing evolution of Boeing's production strategy for its flagship jet.

3:19pm EDT

Twitter's surge revives valuation debate

- The surge in Twitter Inc's stock has revived debate about whether it warrants a valuation five times that of Facebook Inc , its biggest rival in social media. | Video

Tech, Twitter, Facebook 4:37pm EDT

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