Fed renews zero rate pledge, but hints at steeper rate hike path

WASHINGTON - The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving.

Recent Business News

Activist investor Peltz pushes DuPont to split itself

- Activist investor Nelson Peltz's Trian Fund Management LP urged DuPont to break itself up, saying that efforts already underway at the industrial conglomerate to shed some of its businesses were not enough to fix what it called the company's "underperformance."

Deals, Money 1:16pm EDT

JPMorgan Chase replaces some cards after Home Depot hack

NEW YORK - JPMorgan Chase & Co is replacing some credit and debit cards following the security breach at Home Depot Inc , according to a company spokesman.

2:19pm EDT

Apple to unveil new iPads, operating system on Oct. 21: report

- Apple Inc is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter.

2:40pm EDT

Uniqlo expects profit at U.S. stores in 'couple of years'

- Japanese fashion retailer Uniqlo aims to turn a profit at its small but expanding U.S. network of stores within the next couple of years, the company's top U.S. executive, Larry Meyer, said.

4:46pm EDT

Pimco's head of emerging market equities Masha Gordon departs

LONDON - Pimco's London-based emerging market equities head Masha Gordon has left the giant U.S. asset management firm "to pursue other interests", the company confirmed on Wednesday.

4:15pm EDT


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