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Fed keeps rates unchanged, says risks to outlook reduced

WASHINGTON The Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year.

Recent Business News

Wall St. recovers after Fed keeps rates unchanged

Wall Street rebounded from earlier lows on Wednesday after the Federal Reserve left interest rates unchanged but opened the door to a resumption of monetary policy tightening this year.

3:00pm EDT

Boeing posts lower-than-expected second-quarter loss, stock gains

NEW YORK Boeing Co reported a smaller-than-expected second-quarter loss on Wednesday, cushioned by strong performances in its jetliner and defense businesses.

3:07pm EDT

Czech cabinet approves investment deal with GE Aviation

PRAGUE The Czech government approved a deal with GE Aviation on Wednesday for an investment in a new turboprop engine plant that will cost an estimated 350 million euros ($384.76 million).

1:53pm EDT

Comcast profit drops on film sales, beats Wall Street estimates

NEW YORK Comcast Corp reported a 5 percent drop in quarterly earnings on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units.

12:26pm EDT

Insider trading by ex-banker's father becomes focus in U.S. trial

The relationship between a former Wall Street investment banker charged for insider trading and his father, who traded on information about mergers he learned from him, took center stage at the start of the son's trial on Wednesday.

2:43pm EDT

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