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News & Updates
October 17, 2014 Bank of England chief economist says interest rates likely to stay low until after mid-2015Source: Fox Business
LONDON – The Bank of England's chief economist is signaling that interest rates could remain at record lows for longer than he predicted even three months ago.
October 16, 2014 North Carolina Firm Recalls Nearly 150 Food Products for Potential Listeria ContaminationSource: Food Safeth News
SunBurst Foods of Goldsboro, NC, is recalling numerous food products sold under several brands because of the potential of contamination with Listeria monocytogenes. The recall includes the food services firm’s SunBurst, Fresh...
October 16, 2014 Water contamination from Scotchgard chemical worries EPASource: ExamHealth
The Environmental Protection Agency (EPA) is still concerned about a chemical that used to be an ingredient in Scotchgard and has been removed. It is contaminating water, and a recent study reveals it is showing up in freshwater...
October 9, 2014 Obama Had Security Fears on JPMorgan Data BreachSource: NY Times
President Obama and his top national security advisers began receiving periodic briefings on the huge cyberattack at JPMorgan Chase and other financial institutions this summer, part of a new effort to keep security officials as...
October 9, 2014 U.S. Fed frets over strong dollar, global woes - minutesSource: Reuters
Federal Reserve officials want to tie an interest-rate rise to U.S. economic progress, but the minutes of their last policy meeting show they are struggling with how to come to grips with the dual threats of a stronger dollar and...
October 8, 2014 U.S. Said to Ready Charges Against Banks in Forex RiggingSource: Bloomberg BusinessWeek
U.S. prosecutors are pressing to bring charges against a bank for currency-rate rigging by the end of the year, and actions against individuals will probably follow in 2015, according to people familiar with the probe.
October 7, 2014 U.S. top court rejects challenge to ozone regulationsSource: Reuters
The Supreme Court on Monday rejected an industry challenge to U.S. Environmental Protection Agency regulations issued by Republican former President George W. Bush’s administration that set standards for ozone pollution.
October 7, 2014 Obama urges regulators to tailor standards for financial firmsSource: Reuters
President Barack Obama gathered the top U.S. market regulators at the White House on Monday and urged them to look for ways to tailor rules based on financial firms' size and complexity.
October 6, 2014 Orphaned Russian Oil Heads to U.S. West on Asia Overflow
As the U.S. threatens PresidentVladimir Putin with further economic sanctions over the conflict in Ukraine, light Sokol oil from Russia’s Far East is showing up in California for the first time in six years. Tankers have been...
October 6, 2014 S&P Probed by New York Attorney General Over Mortgage Bonds
Bloomberg - S&P, along with Moody's Investors Service and Fitch Ratings, were blamed for helping trigger a financial crisis that sent the world's largest economy into its longest recession since 1933. After the Justice Department...
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