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Fed’s Plosser wants a more transparent U.S. central bank
Philadelphia Federal Reserve President Charles Plosser tells an audience of business editors and writers that the Fed could do a better job of being transparent. Ryan Sachetta/MEDILL Charles Plosser,...
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Housing market looks for spark in flat 2014
Toll Brothers CEO Doug Yearley, Jr. talks with moderator Leigh Gallagher at the SABEW Fall 2014 conference at CUNY Graduate School of Journalism.Photo by Toby Burns Homebuilders saw the industry fall...
View ArticleInvestment bankers say conditions ripe for continued boom in mergers and...
Top investment bankers at J.P. Morgan and Goldman Sachs said Friday they expect corporate deal-making to continue at a brisk pace well into 2015. “The conditions are right,” Christopher Ventresca,...
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Plummeting U.S. corn and soybean prices threaten farmer income
Terry Davis of Davis Farm in Roseville, Ill., just harvested 1,000 acres of corn and soybeans after an ideal growing season that produced a bumper crop. Davis would be celebrating his good fortune if...
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Derivatives clearing makes markets safer, but not 100% safe
Almost seven years after the near collapse of the global financial system and four years after the Dodd-Frank Wall Street Reform and Consumer Protection Act passed, the derivatives market still has a...
View ArticleU.S. Trade Balance Widens in August
By Arionne Nettles The U.S. trade deficit rose sharply to $48.33 billion in August as the impact from the strong dollar and weakening global economy dampened exports. The Commerce Department reported...
View ArticleCybersecurity experts needed in corporate board rooms
By Eve Fan As the threat of cyber attacks escalate, it’s only a matter of time before companies start bringing chief security officers into the boardroom, according to a panel of experts speaking at a...
View ArticleLabor Department Reports Lowest Jobless Claims Since Mid-July
By Antea Gatalica Initial jobless claims fell to 263,000, a decrease of 13,000, in the week ended Oct. 3, the U.S. Department of Labor reported Thursday. The 4-week moving average in the week ended...
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Fed’s Lockhart: 2015 rate hike still on the table
By Kristen Vake The assumption that the Federal Reserve will raise interest rates by year-end is “still operative,” according to Atlanta Federal Reserve President Dennis Lockhart, but he added that...
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United Airlines working to improve operations, labor relations
United Airlines plans to invest more in its employees and its customers in an effort to improve operations, said Jim Compton, the airline’s vice chairman. Compton admitted that listening to employees’...
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