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Kocherlakota says Fed intended no policy shift: WSJ

Kocherlakota says Fed intended no policy shift: WSJThe Federal Reserve was not trying to signal a more restrictive policy stance when earlier this week it dropped a set of guideposts it had used to help the public anticipate when it will finally start raising rates, a top Fed official said. Fed Chair Janet Yellen set off a swift drop in stocks and bonds on Wednesday when she suggested in a brief off-script moment at a press conference that an interest rate hike could come in little more than a

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Ukraine crisis gives new impetus to EU-U.S. trade talks, U.S. says

Ukraine crisis gives new impetus to EU-U.S. trade talks, U.S. saysBy Robin Emmott BRUSSELS (Reuters) - Russia's annexation of Crimea underlines the need for the United States and the European Union to substantially deepen their economic ties, Washington's top trade official said on Saturday, opening the door to U.S. exports of natural gas to Europe. Days before U.S. President Barack Obama and EU

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Ex-President Carter: US 'dormant' on inequality

Ex-President Carter: US 'dormant' on inequalityAUSTIN, Texas (AP) — Former President Jimmy Carter on Tuesday night lamented continuing inequalities between black and white Americans during a 50th anniversary celebration of the Civil Rights Act in Texas that will feature four of the five living U.S. presidents this week.

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U.S. Republican Rubio to offer bill on new education financing vehicles

U.S. Republican Rubio to offer bill on new education financing vehiclesBy Caren Bohan and Julia Edwards WASHINGTON (Reuters) - U.S. Republican Senator Marco Rubio, a possible 2016 White House contender, will unveil legislation on Wednesday to broaden the use of financial vehicles known as "income share agreements" that students can use to fund their higher education costs. Under the agreements, which are marketed as an alternative to traditional student loans, private investors or organizations provide

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Profits at Nigeria's Stanbic IBTC more than double

Profits at Nigeria's Stanbic IBTC more than doubleLAGOS (Reuters) - Nigeria's Stanbic IBTC Holdings, a unit of South Africa's Standard Bank, said on Thursday its 2013 pretax profit rose to 24.62 billion naira, an increase of 116 percent from 11.41 billion naira a year earlier. Gross earnings grew to 111.22 billion naira during the period, compared with 91.86 billion naira in 2012, it said in a filing with the Nigeria Stock Exchange. Stanbic IBTC proposed a dividend of 0.10 naira per

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'Mad Men' end in sight for Weiner with new season

'Mad Men' end in sight for Weiner with new seasonNEW YORK (AP) — Chat with Matthew Weiner these days and you feel the added depth of his "Mad Men" immersion.

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