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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.

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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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