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Fed officials felt taper may happen at next few meetings: minutes

Federal Reserve officials felt they could decide to start scaling back the U.S. central bank's massive asset-purchase program at one of its next few meetings provided this was warranted by economic growth. Minutes of the Fed's October 29-30 policy meeting, released on Wednesday, also showed officials discussed how to distinguish between asset buying and forward interest rates guidance, including how to enhance rate guidance once they start to taper bond purchases. Some suggested reducing the interest paid to banks on excess reserves held at the Fed…

  • Hot cars at the 2013 Los Angeles Auto Show

    The Los Angeles Auto Show opens to the public Friday after two days of media previews. Here are some of the most buzz-worthy vehicles being introduced at this year's show: _________ BMW 4 SERIES CONVERTIBLE ...

    Associated Press

  • Armstrong reaches settlement in one fraud case

    Disgraced cyclist Lance Armstrong reached a settlement in one of the fraud cases spawned by his confession that his Tour De France victories were fuelled by doping. Mark Kincaid, an attorney for Nebraska-based Acceptance Insurance, confirmed the company had reached a settlement with Armstrong but…

    AFP

  • How to Get Secret Prices on New Cars in California

    Everyone wants to save money when buying a new car, but not everyone knows how. We have revealed the car industry's 3 shopping secrets.

    AdChoicesAutoPriceFinder.comSponsored

  • Venezuela leader says to decree two economic laws on Thursday

    President Nicolas Maduro said he would use newly granted powers to decree two laws on Thursday to cap retailers' profits and reorganize the distribution of foreign currency in Venezuela's troubled economy. Parliament passed an Enabling Law this week allowing Maduro to emulate his predecessor, the…

    Reuters

  • Worried About That 787 You Ordered? Hire a Factory Babysitter

    A maintenance arm of Lufthansa will watch over, on site, how the planes are built

    BusinessWeek
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    Nissan GT-R Nismo (18 photos)

    Unveiled at the Tokyo Motor Show, the Nissan GT-R Nismo represents the fastest GT-R ever built — and with a Nurburgring lap of 7:08 minutes, one of the fastest production sports cars in the world.

    Yahoo Autos

  • Insurer makes Obamacare the punchline in new ad

    Comedians have had a field day poking fun at the troubled Obamacare website HealthCare.gov. Now, one Midwest insurer is getting in on the act.

    CNBC

  • Obama was briefed earlier in year on health website problems

    By Roberta Rampton and Caren Bohan WASHINGTON (Reuters) - President Barack Obama, who has portrayed himself as surprised by technical problems with the government's new health care website, was briefed earlier this year on a consultant's report that warned of possible widespread site failures, the…

    Reuters

  • The fixes Obamacare really does need

    You may have heard, unless you've been living under a rock, that the Affordable Care Act isn't perfect. Programs that aim to restructure one-sixth of the U.S. economy rarely are at the outset, and that's ...

    Los Angeles Times

  • Declining Prices of U.S. Homebuilder Stocks an Indicator Something Not Right with Housing Market

    The direction of prices in the housing market has historically been dependent on the direction of mortgage interest rates. If mortgage rates start to increase, it makes homes less affordable for those who want to buy. The math is simple: the higher the mortgage interest rate, the higher the…

    Business 2 Community

  • Oneok plans new North Dakota natural gas factory

    An Oklahoma energy company said it will build its biggest factory yet in western North Dakota to help capture and bring to market more of the natural gas that currently is being burned off as a byproduct ...

    Associated Press
    OKE $57.14 0.11%

  • No, Obama Did Not Fake The Unemployment Rate

    Conservatives are working themselves into a froth about what theybelieve is the next HUGE OBAMA SCANDAL: allegations that theunemployment numbers were cooked just ahead of the 2012 election.This scandal may turn out to be just as devastating to the Obamaadministration as the IRS, Benghazi and Fast…

    Huffington Post
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    Government going for political points?

    Where is the $13 billion JPMorgan settlement going? Stephanie Link, TheStreet, and CNBC contributor Carol Roth weigh in on the government's mortgage settlement with the big bank.

    CNBC Videos

  • Russian crash investigators find voice recorder

    MOSCOW (AP) — The last word the pilot of the Boeing 737 uttered was "circle." Moments later the jetliner slammed into the ground, investigators said Wednesday, killing all 50 people on board.

    Associated Press

  • The 5 Financial Decisions that Set You Back Thousands

    There are so many things we know we should do: have health insurance, plan for retirement, save, budget--the list goes on and on. It can seem impossible to add to your savings when there's so much use for money now, but rather than thinking of budgeting for retirement as an impediment, start…

    Work + Money

  • The New American is Arriving

    Introducing Main Cabin Extra. Extra Legroom, Extra Time to Board. Bringing You a New Level of Comfort, Connectivity and Convenience. #NewAmerican

    AdChoicesThe New American AirlinesSponsored

  • 7 Questions to Answer Before Accepting a Job Offer

    Job descriptions don't always tell the full story, and they're often outdated or so vague as to be almost meaningless. But you don't want to find out in your first week that the health insurance doesn't meet your family's needs or that you don't get any paid time off until after your first year.

    U.S.News & World Report LP

  • 78% of employees miss health-care tax break

    Rule change could make flexible-spending accounts more appealing in 2014.

    MarketWatch

  • Gold Slides After FOMC Minutes Hint At Tapering 'Sooner Rather Than Later'

    (Kitco News) -The gold market construed October minutes of the Federal Open Market Committee to mean that policy-makers would like to start scaling back their bond-buying program “sooner rather than later,” which is seen as a factor likely to hurt the metal. Nevertheless, the loss after the minutes…

    Forbes

  • Leveraging time: Retirement saving for millennials

    When it comes to saving for retirement, time can be our biggest ally, or worst enemy. For workers in their 20s, it's often both. Setting aside money for their golden years doesn't rank high on a list of ...

    Associated Press

  • Russia releases Greenpeace activist on bail, grants bail to 7 others

    By Maria Tsvetkova ST. PETERSBURG, Russia (Reuters) - The first of 30 people arrested by Russian coast guards during a Greenpeace protest against Arctic oil drilling walked free on bail on Wednesday, brandishing a sheet with the words "Free the Arctic" written on it. Brazilian Ana Paula Alminhana…

    Reuters

  • No national launch for McRib amid menu changeup

    McDonald's, which has been struggling to keep up with a raft of new menu items, says the McRib won't be available nationally this year. The fast-food chain says it's leaving it up to local franchise groups ...

    Associated Press