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Fed outlook and Greece worries hit stocks, dollar up

LONDON - Stocks fell in Europe and Asia and the dollar strengthened on Thursday after the Federal Reserve took an upbeat view of the world's largest economy and signaled it was on track to raise interest rates this year.

Recent Business News

Oil holds above $48 a barrel after U.S. stocks hit record high

LONDON - Brent crude oil futures held above $48 a barrel on Thursday as investor inflows offset data showing that U.S. crude stocks had hit a record high.

5:13am EST

IMF sets June deadline for progress on governance reforms

WASHINGTON - The IMF set a June deadline for making progress on reforms that would give emerging countries more say in how the world lender is run, an attempt to break a standoff created by U.S. failure to ratify the changes.

28 Jan 2015

Samsung Elec's smartphone primacy under threat from Apple after weak Q4

SEOUL - Samsung Electronics Co Ltd is closer to losing its crown as global smartphone leader after posting a plunge in quarterly mobile earnings on Thursday, a day after rival Apple Inc reported the biggest profit in corporate history. | Video

3:05am EST

McDonald's CEO Don Thompson leaving after tumultuous run

- McDonald's Corp , fresh off one of its worst financial years in decades, on Wednesday said Chief Executive Officer Don Thompson would leave at the end of February and be succeeded by Chief Brand Officer Steve Easterbrook.

28 Jan 2015

Big banks fail to dismiss U.S. currency rigging lawsuit

NEW YORK - A federal judge on Wednesday said U.S. investors may pursue a nationwide antitrust lawsuit accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market.

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