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Yellen cites 'potential dangers' in U.S. stock valuations

WASHINGTON - Federal Reserve Chair Janet Yellen on Wednesday said high equity valuations could pose potential dangers but that stability risks across the U.S. financial system remained in check. | Video

Recent Business News

Bank of America shareholders back board despite criticism

NEW YORK - Shareholders voted to back Bank of America Corp's executive compensation, board nominations and opposition to shareholder proposals at the annual meeting on Wednesday, despite earlier complaints about bylaws being changed.

4:36pm EDT

U.S. private payrolls growth eases; productivity falls

WASHINGTON - U.S. private employers in April hired the fewest number of workers in more than a year, further diminishing hopes of a strong rebound in economic growth after the first-quarter slump.

2:00pm EDT

Morgan Stanley renews U.S. oil storage deal ahead of trading unit sale

NEW YORK - Morgan Stanley's commodities group has renewed a refined product storage deal with TransMontaigne Partners L.P. seven months early, as the Wall Street bank plans to sell its physical oil business.

5:04pm EDT

DoubleLine's Gundlach expects weak April U.S. payroll data

NEW YORK - Jeffrey Gundlach, chief executive of investment firm DoubleLine Capital, said Friday's report on U.S. nonfarm payrolls in April "feels to me that it's going to be weak."

6:42pm EDT

Bank of America's new policy to limit credit exposure to coal

WASHINGTON - Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry.

6:01pm EDT

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