Fed nods to firmer inflation, still focused on labor weakness

WASHINGTON - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target.

Recent Business News

Argentine debt talks down to the wire to avert default

BUENOS AIRES/NEW YORK - Argentina was in a race against time on Wednesday to cut a deal by the end of the day with holdout investors suing it and avert a default, as a surge in the country's bond prices fed optimism that an agreement was possible.

2:22pm EDT

Boeing to make longest 787-10 Dreamliner exclusively in South Carolina

NORTH CHARLESTON S.C. - Boeing Co said on Wednesday it will build its biggest Dreamliner, the 787-10, exclusively at its South Carolina plant in North Charleston, a move that marked the continuing evolution of Boeing's production strategy for its flagship jet.

3:19pm EDT

Carlyle's second-quarter earnings double

NEW YORK/LONDON - Carlyle Group LP said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe.

1:10pm EDT

Hyundai recalls 883,000 Sonata sedans in U.S. for transmission issue

DETROIT - South Korean automaker Hyundai Motor Co will recall about 883,000 Sonata mid-sized sedans in the United States and Puerto Rico because a potentially defective transmission-shift cable could increase the risk of a crash.

1:49pm EDT

Thomson Reuters reports better-than-expected profit

- News and information company Thomson Reuters Corp on Wednesday reported a higher-than-expected quarterly profit on a 1 percent rise in revenue, boosted by growth in its Tax & Accounting and Legal divisions.

11:02am EDT


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