Posts Tagged Business

Here’s what to watch for Wednesday from the Fed

In this Wednesday, May 22, 2013 photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington. The Federal Reserve ends a policy meeting Wednesday, June 19, 2013. Investors have been nervously speculating that the Fed will soon scale back its economic stimulus and send interest rates up and stock prices down. (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — What the world hopes to hear Wednesday from the Federal Reserve can be summed up in one word: clarity.

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Chrysler agrees to recall of Jeeps at risk of fire

This March 6, 2012 photo provided by the law offices of Butler, Wooten & Fryhofer, LLP shows the scene of a crash in Bainbridge, Ga., where a 4-year-old boy named Remi Walden was burned and died when a Jeep Grand Cherokee was struck from the rear by a Dodge Dakota pickup truck. Chrysler is expected to file papers Tuesday, June 18, 2013, explaining why it’s refusing to recall 2.7 million older Jeep SUVs. (AP Photo/Courtesy of Butler, Wooten & Fryhofer, LLP)

DETROIT (AP) — Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant stance and avoiding a possible public relations nightmare over fuel tanks that can rupture and cause fires in rear-end collisions.

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When car rental reservations aren’t honored

This May 9, 2011 file photo shows customers waiting in line at a Hertz rental car counter at San Jose International Airport in San Jose, Calif. Car rental agencies sometimes don't have enough cars to meet the demand. If there are no cars left at its airport rental facility, Hertz will let customers rent from a competitor and pay the difference, or pay for a cab to and from your hotel. (AP Photo/Paul Sakuma, file)

We’re sorry, sir, but we don’t have any cars left.

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Stocks edge higher on home building, low inflation

In this Monday, June 10, 2013 photo, trader Edward Landi check a screen in a booth on the floor of the New York Stock Exchange. Global stock markets traded fitfully Tuesday June 18, 2013 as investors watched for signs of a possible change in U.S. stimulus efforts by the Federal Reserve. (AP Photo/Richard Drew)

NEW YORK (AP) — It’s all about the Fed. Still.

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Hoffa mystery still fascinates after 4 decades

Law enforcement officials from the Michigan State Police help search the area in Oakland Township, Mich., Tuesday, June 18, 2013 where officials continue the search for the remains of Teamsters union president Jimmy Hoffa who disappeared from a Detroit-area restaurant in 1975. (AP Photo/Carlos Osorio)

OAKLAND TOWNSHIP, Mich. (AP) — The latest possible resting place of Teamsters boss Jimmy Hoffa is an overgrown farm field where the normal calm of chirping crickets is being drowned out by a beeping backhoe, the chop of an overhead news helicopter and the bustle of reporters and onlookers.

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