Fed keeps rates unchanged, wary eye on global markets

WASHINGTON The U.S. Federal Reserve kept interest rates unchanged on Wednesday and said it was "closely monitoring" global economic and financial developments, signaling it had accounted for a stock market selloff but wasn't ready to abandon a plan to tighten monetary policy this year. | Video

Recent Business News

China shares flounder again, but 'real economy' sound says state media

SHANGHAI China's volatile shares tumbled again on Thursday, taking losses this month to about 25 percent or 13 trillion yuan ($2 trillion), while state media insisted that the market ructions did not reflect the real economy. | Video

5:16am EST

Facebook shares soar as mobile drives big jump in ad sales

Facebook Inc smashed investors' expectations with a 52-percent jump in quarterly revenue as it sold more ads targeted at a fast-growing number of mobile users, sending its shares sharply higher after hours.

Tech, Facebook 27 Jan 2016

Amazon says Exclusives store sales top $50 million in first year

SAN FRANCISCO Inc said that sales on Exclusives, its platform for products not available anywhere else, topped $50 million in less than a year since its launch and the site includes more than 120 brands, the first time it has disclosed the data.

6:02am EST

Italy tax police believe Google evaded 227 million euros in taxes: sources

MILAN The Italian finance police believe Google evaded 227 million euros ($247.5 million) in taxes in Italy between 2009 and 2013, investigative sources said on Thursday.

5:36am EST

Takata prepares CEO exit over air bag safety scandal: sources

TOKYO Takata Corp is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry's biggest recall.

2:35am EST


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