Fed may hint on rate-hike plan as it prepares for policy turn

WASHINGTON - The U.S. Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus.

Recent Business News

JPMorgan Chase replacing some cards due to Home Depot breach

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

1:31pm EDT

FedEx sees e-commerce driving record holiday season

CHICAGO - Package delivery company FedEx Corp should enjoy a record holiday peak season thanks to the continued rise of online consumer sales in the United States, company officials said on Wednesday. | Video

12:48pm EDT

Apple to unveil new iPads, operating system on October 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.

12:34pm EDT

Shares in Russia's Sistema plunge with billionaire chairman under house arrest

MOSCOW - Shares in sprawling Russian holding company Sistema plummeted over 30 percent on Wednesday after its billionaire chairman was placed under house arrest, wiping more than $2 billion in value off the company. | Video

Allianz eyes sale options in Fireman's Fund revamp

FRANKFURT - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under control, the company said on Wednesday.

10:12am EDT


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