Federal Reserve Bank of Atlanta President Dennis Lockhart, a backer of record stimulus, said any decision to taper bond purchases should be accompanied by a limit on the size of the program or a timetable for ending it.
Governors of more than a dozen states are rushing to offer incentives such as subsidized training and infrastructure to convince Boeing Co. to move production of its new 777X jetliner out of Washington, where union members rejected a labor contract that froze pensions.
European Aeronautic, Defence & Space Co. is scaling back its ambitions to win a bigger slice of the U.S. military market as it focuses on the most sweeping overhaul of its defense and space operations in more than a decade.
A wave of new flu vaccines designed for the first time to focus on individual groups, including children, the elderly and people with allergies, may help boost U.S. vaccination rates as the new season develops this year.
Wisconsin’s lawyer met with a hail of questions from U.S. appeals court judges while he tried to defend a state law that requires doctors who perform abortions to have local hospital admitting privileges.
Detroit, once the symbol of U.S. manufacturing muscle, was given the authority to try to pare billions in debt and slash employee pensions in a federal court ruling that may have implications for distressed cities across the U.S.
Hedge funds grew less bullish on gold for a fourth straight week, the longest stretch since November 2012, as mounting concern that the Federal Reserve will curb monetary stimulus sent prices to a four-month low.