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Fed nods to firmer prices yet still focused on labor weakness

WASHINGTON - The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target.

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S&P 500, Nasdaq end up as Fed in no rush to raise rates

NEW YORK - The S&P 500 and Nasdaq ended higher on Wednesday after the Federal Reserve gave a rosier assessment of the U.S. economy while reaffirming that it is in no hurry to raise interest rates.

5:24pm EDT

European regulators training sights on Google's mobile software

BRUSSELS/SAN FRANCISCO - European regulators are preparing what could be a stern challenge to Google Inc's mobile software business in the coming months after a nearly four-year investigation into the company's Web search practices left rivals and European politicians dissatisfied.

Tech, Media 5:15pm EDT

Yum says China food safety scare hurting KFC, Pizza Hut sales

- Yum Brands Inc on Wednesday said a television expose showing improper meat handling by one of its Chinese suppliers caused "significant, negative" damage to sales at its KFC and Pizza Hut restaurants over the past 10 days.

5:50pm 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

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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