- Fed says it will continue $85B in bond purchases
WASHINGTON (AP) — The Federal Reserve says it will maintain the pace of its program to keep long-term interest rates at record lows, but offered a slightly more optimistic outlook for the U.S. economy and job market.
- Fed foresees lower US unemployment rate
WASHINGTON (AP) — The Federal Reserve expects the U.S. unemployment rate to fall faster this year and next than it did in March.
- Men's Wearhouse ousts founder, pitchman Zimmer
NEW YORK (AP) — Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore.
- FedEx 4Q profit drops as priority services lag
DALLAS (AP) — FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring.
- Diverted United 787 passengers on way to Tokyo
SEATTLE (AP) — Passengers from a United Airlines Denver-to-Tokyo flight that diverted to Seattle Tuesday when the Boeing 787 had an oil filter issue are on their way again.
- Stocks edge lower as investors wait on Fed
NEW YORK (AP) — The stock market is waiting on the Fed.
- Pruitt: DOJ broke rules in phone records seizure
WASHINGTON (AP) — The Justice Department violated its own rules when it secretly seized records for thousands of phone calls to and from journalists for The Associated Press as part of a leak investigation, the head of the company said Wednesday.
- Study: Wiser medication use could cut health costs
TRENTON, N.J. (AP) — If doctors and patients used prescription drugs more wisely, they could save the U.S. health care system at least $213 billion a year, by reducing medication overuse, underuse and other flaws in care that cause complications and longer, more-expensive treatments, researchers conclude.
- Food stamp cuts key to farm bill's fate in House
WASHINGTON (AP) — Prospects for House passage of a new farm bill could turn on the level of food stamp cuts as Republicans leaders scrambled Wednesday to secure support for the five-year, half-trillion dollar measure.
- Senator: IRS to pay $70M in employee bonuses
WASHINGTON (AP) — The Internal Revenue Service is about to pay $70 million in employee bonuses despite an Obama administration directive to cancel discretionary bonuses because of automatic spending cuts enacted this year, according to a GOP senator.
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