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Yellen points to March rate hike as Fed signals end of easy money

CHICAGO The U.S. Federal Reserve's long-stalled 'liftoff' of interest rates may finally get airborne this year as policymakers from Chair Janet Yellen on Friday to regional leaders across the United States signaled that the era of easy money is drawing to a close. | Video

Recent Business News

NBCUniversal invests $500 million in Snap's IPO

Comcast Corp's NBCUniversal has invested $500 million in Snapchat owner Snap Inc , according to a memo on Friday, its latest move aimed at driving digital growth as more viewers go online for their favorite content.

Deals, Tech Mar 03 2017

Exclusive: PSA agrees to buy Opel from GM, wins board approval - sources

PARIS/LONDON France's PSA Group struck a deal with General Motors to buy the U.S. carmaker's loss-making Opel division, two sources with knowledge of the matter told Reuters.

Deals, France Mar 03 2017

Exclusive: Neiman Marcus hires debt restructuring adviser - sources

U.S. high-end department store chain Neiman Marcus has hired investment bank Lazard Ltd to explore ways to bolster its balance sheet as it seeks relief from $4.9 billion in debt, people familiar with the matter said on Friday.

Mar 03 2017

Deutsche Boerse CEO says work on LSE merger still ongoing

LONDON Deutsche Boerse Chief Executive Carsten Kengeter said it is continuing preparations for a merger with the London Stock Exchange , despite the LSE's refusal to sell its Italian MTS trading platform.

Mar 03 2017

Keystone XL builders can use non-U.S. steel, White House says now

The Keystone XL oil pipeline does not need to be made from U.S. steel, despite an executive order by President Donald Trump days after he took office requiring domestic steel in new pipelines, the White House said on Friday.

Politics, Election 2016 Mar 03 2017

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