toward-the-fed

Automakers recall 12 million U.S. vehicles over Takata air bags

Eight automakers said on Friday they are recalling more than 12 million U.S. vehicles for defective Takata air bag inflators, widening the largest-ever auto safety effort to more passenger-side devices. Honda Motor Co is recalling 4.5 million U.S. vehicles while Fiat Chrysler Automobiles NV is recalling 4.3 million, according

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Automakers recall 12 million U.S. vehicles over Takata air bags

toward-the-fed

Verizon strike seen lowering U.S. May payrolls by 35,000 jobs

The department's monthly strike report showed 35,100 Verizon employees were idle during the survey period for the May payrolls count. Striking workers who do not receive a paycheck during the period are considered unemployed. Labor Secretary Thomas Perez said on Friday that Verizon and unions representing the striking workers had reached a tentative deal.

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Verizon strike seen lowering U.S. May payrolls by 35,000 jobs

toward-the-fed

Yellen says Fed rate hike likely appropriate in coming months

The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, U.S. central bank chief Janet Yellen said on Friday, bolstering the case for a rate increase in June or July. “It's appropriate … for the …

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Yellen says Fed rate hike likely appropriate in coming months

toward-the-fed

Judge dismisses mental competence lawsuit against Sumner Redstone: tentative ruling

(Reuters) – A Los Angeles judge dismissed a lawsuit over the mental competence of media mogul Sumner Redstone, in a tentative ruling issued on Monday. (Reporting by Lisa Richwine; Editing by Chizu Nomiyama)

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Judge dismisses mental competence lawsuit against Sumner Redstone: tentative ruling

toward-the-fed

Fed’s Kashkari says current U.S. interest rates ‘about right’

While a rate hike in June is “possible,” Kashkari sounded happy to keep rates low for now in order to continue bringing workers who have not worked in months or years back into the labor force. “To me, just looking at the raw data, it says we should be …

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Fed’s Kashkari says current U.S. interest rates ‘about right’