Fed's 'nearly balanced' language no bar to Sept rate rise

WASHINGTON - The U.S. Federal Reserve will not need to see balanced risks to the economy to proceed with an interest rate hike in September, according to former Fed officials and a review of central bank statements through recent turns in policy.

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Google loses bid to overturn low-cost patent licenses to Microsoft

NEW YORK - In a setback for Google Inc , a U.S. appeals court ruled on Thursday that the low licensing rate Microsoft Corp pays to use some of Google's Motorola Mobility patents had been properly set.

3:33pm EDT

GE may ship $10 billion in work overseas as U.S. trade bank languishes

WASHINGTON - General Electric Co is taking steps to shift some U.S. manufacturing work overseas now that the U.S. Export-Import Bank will be shuttered at least until September, the industrial giant's global operations boss told Reuters on Thursday.

Checked bag fees are here to stay: United Airlines CEO

NEW YORK - Still hoping for the day airlines let all customers check bags and make reservation changes for free?

6:24pm EDT

Greece, Europeans must reach deeper deal before IMF program possible

WASHINGTON - The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.

2:55pm EDT

Venezuela currency blues hit U.S. blue-chip companies

BOSTON - Venezuela's currency woes cut nearly $3 billion in profit at U.S. blue-chip companies during the second quarter and prompted Procter & Gamble Co to remove its operations in the South American country from its consolidated financial reports.

3:43pm EDT


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