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Wall Street gains on Yellen comments and Yahoo; BofA falls

NEW YORK - Stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied.

Recent Business News

Loud in a crowd: Nissan range gets grille makeover

BEIJING - Japanese carmaker Nissan Motor Co is going for a facelift to stand out from the crowd.

5:04pm EDT

U.S. industry shows some vigor, but housing soft

WASHINGTON - U.S. industrial production rose at a faster-than-expected clip in March, the latest sign the economy was gaining momentum.

2:47pm EDT

Weak U.S. prices, not inflation, the threat now: Fed's Yellen

NEW YORK - Persistently low inflation poses a more immediate threat to the U.S. economy than rising prices, Federal Reserve Chair Janet Yellen said on Wednesday, stressing that the U.S. central bank would be delivering policy stimulus for some time to come. | Video

4:55pm EDT

Lululemon's status as yogawear's top dog at risk

NEW YORK - Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.

4:18pm EDT

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