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Fed expected to push ahead with rate hike plan

WASHINGTON - The Federal Reserve is expected on Wednesday to point to a growing U.S. economy and stronger job market as it sets the stage for a possible interest rate hike in September.

Recent Business News

Carlyle's second-quarter earnings drop as energy funds suffer

- Private equity firm Carlyle Group LP said on Wednesday its second-quarter earnings dropped 38 percent year-on-year as the value of its energy and hedge funds decreased, even as it generated more cash by cashing out on several of its assets.

8:55am EDT

Health insurer Anthem's profit beats as Medicaid memberships rise

- Health insurer Anthem Inc reported a better-than-expected quarterly profit, driven by strong enrollments in its government business, particularly Medicaid.

7:55am EDT

Thomson Reuters profit beats but currency weighs on revenue

- Thomson Reuters Corp on Wednesday reported higher-than-expected quarterly profit as the company's biggest division that serves banks and financial institutions showed underlying growth for the first time since 2011.

9:08am EDT

Belgium's Solvay to buy U.S. peer Cytec for $5.5 billion

BRUSSELS - Belgian chemical group Solvay has agreed to buy U.S. peer Cytec for $5.5 billion, giving it a bigger presence in the lightweight materials business where demand from the aerospace industry is booming.

6:55am EDT

GSK flags up pipeline as HIV drugs help it beat profit forecasts

LONDON - GlaxoSmithKline moved to reclaim its prowess as a research powerhouse on Wednesday by flagging up dozens of new drugs and vaccines in development, as demand for new HIV medicines helped it beat quarterly profit forecasts.

9:06am EDT

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