Fed awaiting evidence global chill not knocking U.S. off track

WASHINGTON - The U.S. Federal Reserve thought the economy was close to warranting an interest rate hike in September but policymakers wanted firmer evidence a global economic slowdown was not knocking America off course. | Video

Recent Business News

Dell looks to EMC deal to boost corporate presence

- Dell Inc is in talks with banks to fund a takeover of data storage company EMC Corp, sources familiar with the matter said, as the world's No.3 PC maker looks to beef up its cloud-based offerings for corporate customers. | Video

Deals, Tech 5:11pm EDT

No room for mistakes by central banks amid 'new mediocre'

LIMA - Central banks have little room for error in a low-growth world in which over-leveraged and commodity-dependent emerging economies and a slowing China are major risks, top international financiers told the International Monetary Fund's meeting.

IMF, China 5:50pm EDT

Fiat Chrysler workers skeptical of new UAW deal's impact on wages

KOKOMO, Ind. - Workers outside the gates of a Fiat Chrysler plant here greeted news early on Thursday of a new tentative agreement between the automaker and the United Auto Workers skeptically, giving an indication of the challenges the union may face in getting the deal ratified by members.

4:36pm EDT

Los Angeles drops discrimination lawsuit against Citigroup

NEW YORK - Los Angeles has dropped a lawsuit accusing Citigroup of discriminatory mortgage lending, marking the second time a major bank has escaped claims that it steered the city's minorities into high-cost loans and led to foreclosures and neighborhood blight.

Tesco CEO buys shares worth about 200,000 pounds: filing

- UK retailer Tesco PLC's Chief Executive Dave Lewis has purchased 99,950 Tesco shares for 200.1 pence a share, according to a regulatory filing.

5:22pm EDT


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