Fed says economy improving; September rate hike in view

WASHINGTON - The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. | Video

Recent Top News

Exclusive: FCA's Chrysler group faces U.S. product drought through 2016

DETROIT - Fiat Chrysler Automobiles NV will face a shortage of new products in North America over the next 18 months, especially hot-selling trucks and crossover vehicles, according to three sources familiar with the company's plans.

3:25pm EDT

Exclusive: GSK faces new corruption allegations, this time in Romania

LONDON - Drugmaker GlaxoSmithKline, which was fined a record 3 billion yuan ($483 million) for corruption in China last year and is examining possible staff misconduct elsewhere, faces new allegations of bribery in Romania.

China, Health 1:56pm EDT

Islamic State claims car bomb in Yemen capital, four dead

DUBAI - A car bomb exploded outside an Ismaili mosque in Yemen's war-damaged capital Sanaa on Wednesday, killing four people and wounding six, health authorities and a security source said.

World, Yemen 4:41pm EDT

TSA chief vows to close security gaps at U.S. airports

WASHINGTON - The new leader of the Transportation Security Administration said on Wednesday his top priority would be to close security gaps at airport checkpoints where an internal report showed 96 percent of undercover tests failed.

12:11pm EDT

Pressed by left, Greece's Tsipras vows 'thus far and no further'

ATHENS - Greek Prime Minister Alexis Tsipras, struggling to contain a revolt in his left-wing Syriza party, said on Wednesday that his government would not implement reform measures beyond those agreed with lenders at a euro zone summit this month. | Video


Eric Garner grand jury minutes to stay private, New York court rules

NEW YORK - A New York state court on Wednesday declined to release details of a grand jury investigation that led to a police officer being cleared of wrongdoing in the death of Eric Garner after his chokehold arrest in Staten Island in July last year.