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Eyes on Fed after ECB, other bank stimulus moves

NEW YORK - The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan.

Recent Business News

Venezuela's currency woes an increasing threat to U.S. corporate profits

- Venezuela's deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt U.S. corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year.

24 Jan 2015

U.S. existing home sales, economic activity gauge rise

WASHINGTON - U.S. home resales rebounded in December, but continued low participation by first-time buyers in the market suggested the housing recovery would remain gradual for now.

23 Jan 2015

Volkswagen to recall 80,000 Audis; 35,000 in China

BEIJING - German car maker Volkswagen AG will recall 80,000 cars from its luxury division Audi due to issues with the fuel injection system, Audi said on Saturday, adding that around 35,000 of the affected vehicles are from China.

24 Jan 2015

Exclusive: Big mortgage investors take first step toward suing Ocwen

NEW YORK - Major mortgage bond investors including BlackRock , MetLife and Pimco on Friday took a first step toward suing Ocwen Financial Corp , accusing it of having failed to properly collect payments on $82 billion of home loans, according to a person familiar with the matter and to documents seen by Reuters.

23 Jan 2015

Expedia Inc acquires Travelocity in $280 million deal

- Expedia Inc has acquired online travel agency Travelocity from technology company Sabre Corp for $280 million in cash, the companies said in a statement on Friday, as consolidation in the online booking industry continues.

23 Jan 2015

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