- Japan's Nikkei 225 stock average surged 5 percent and the yen slid against the dollar after the Bank of Japan unexpectedly announced new stimulus to boost a flagging economic recovery.
Obama to Meet With Fed's Yellen on Monday President Barack Obama is scheduled to meet with Federal Reserve Chairwoman Janet Yellen on Monday to discuss the long-term outlook for the American economy and the global recovery, a White House official said.
U.S. Extends Solid Growth, Sidestepping Global Tumult The U.S. economy expanded at a healthy 3.5% annual pace during the third quarter, a sign of sustained growth fueled by government spending and a narrower trade deficit despite mounting concerns about the health of overseas economies.
BOJ Unexpectedly Eases Policy The Bank of Japan on Friday unexpectedly announced additional stimulus measures, bolstering its asset purchases for the first time in over a year and a half, as its 2% inflation target looks increasingly untenable.
Fed Closes Chapter on Easy Money The Federal Reserve said it would end its long-running bond-purchase program, concluding a historic experiment that stirred disagreement among policy makers, economists and investors about its impact.
US Business News
Virgin Galactic Spaceship Crashes, Killing One A Virgin Galactic rocket ship that was supposed to take the first space tourists next year—starting with billionaire entrepreneur and company founder Richard Branson—exploded during a test flight, killing one pilot.
FCC Broadband Plan: No One Loves It An emerging FCC plan to give the agency more authority to regulate traffic on broadband Internet networks is shaping up as the classic Washington compromise. No one loves the idea, and everyone is sure it will wind up in court.
Miner BHP Spurns Bigger Is Better BHP Billiton is the world’s largest mining company by market value with operations in 25 countries. So what’s one of the first things its chief executive advised his board when he joined: break it up.
Mexico Plans Broadband Overhaul Mexico’s planned construction of a $10 billion broadband network, with more than 20,000 antennas, could provide an alternative to Mexico’s dominant carrier, Telcel, which is owned by billionaire Carlos Slim.
Exxon, Chevron Post Strong Results Exxon and Chevron reported surprising profit growth, despite gloomy market conditions, boosted by their refining divisions that have lost favor with some smaller peers.
U.S., Russia Drag on AB InBev Sales Anheuser-Busch InBev reported that weakness in the U.S., Russia and Ukraine weighed on sales volumes in the third quarter, even as cost cuts and strong sales elsewhere boosted profit.
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