(Reuters) - A forecasting tool developed by the Federal Reserve recommends that U.S. interest rates should be hiked immediately to keep pace with the improving economy, according to a paper by the soon-to-retire Philadelphia Fed President Charles Plosser.
(Reuters) - The head of the remuneration committee at scandal-hit British grocer Tesco PLC , Stuart Chambers, is set to step down, Tesco said on Wednesday.
NEW YORK (Reuters) - Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit.
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose more than expected last week, but the trend remained consistent with sustained strength in the labor market.
WASHINGTON (Reuters) - Contracts to buy previously owned U.S. homes rose only modestly in November, pointing to a still-sluggish housing market despite several months of stronger economic growth and hiring.
NEW YORK (Reuters) - U.S. stock index futures edged higher on Wednesday, suggesting Wall Street would end a strong year with minor gains in a seasonal trend of modest moves and low volume.
ROME (Reuters) - Accommodative monetary policy will remain necessary for as long as global growth remains weak, IMF managing director Christine Lagarde said in a newspaper article published on Wednesday.
NEW YORK (Reuters) - Mexican crude oil is sailing to the U.S. East Coast at the highest rate in over a decade, according to customs data reviewed by Reuters, in a sign deepening discounts help crack open new markets as domestic shale inundates Texas.
SHANGHAI (Reuters) - Six Chinese carmakers will recall more than 300,000 vehicles due to a fuel pump defect that could cause oil leaks, China's quality watchdog said on Wednesday.
(Reuters) - Revelers ringing in of the new year this week need to watch out for the next day's hangover. And investors may experience a similar feeling early in 2015 after a two-year run that has propelled U.S. stocks up by nearly 50 percent.