Market and Exchange

NEW YORK (Reuters) - Stocks tumbled and benchmark Treasury bond yields rose to levels not seen since March 2012 on Wednesday after Ben Bernanke laid out a blueprint for the wind-down of the Federal Reserve's bond-buying program that has bolstered risky...

* Official optimism over potential growth hotly contested * Euro zone doomed to slow growth without painful reforms * Politicians may opt for debt cut remedies that harm growth By Alan Wheatley, Global Economics Correspondent LONDON, June 19 (Reuters)...

LONDON (Reuters) - Half-way towards a lost decade for Europe's economy, pessimism persists about the political will to halt a worrying slide in the region's potential growth. Without sweeping reforms to boost productivity, Europe's output will remain...

Glenbrook High School District 225 has approved contracts with three unions, the superintendent and its other staff, increasing their salaries on average between 1.96 percent and 3.4 percent in coming years. All raises take effect July 1, said Karen...

NEW YORK (Reuters) - The U.S. dollar reversed early losses and rose against the euro and yen on Wednesday after the Federal Reserve's Federal Open Market Committee said it sees diminished downside risks to the outlook for the economy and the labor market....

MONACO (Reuters) - The euro zone's debt crisis may be far from over, while Japan's money-printing gamble to revive its economy could destabilize global markets if it doesn't work, some hedge fund managers say. They are taking the view that the rally in...

NEW YORK (Reuters) - Stocks advanced for a second straight day on Tuesday as investors bet the Federal Reserve would temper statements which were interpreted to mean a sooner-than-expected winding down of stimulus efforts. Strong market breadth showed an...

We're keeping more change in the pocket. South Florida gas prices fell 5 percent in May from a year ago — or an average 19 cents per gallon — according to national consumer price data released Tuesday. Gas prices averaged $3.60 per gallon...

* USD shade firmer on yen, but near four-month lows on euro * Euro and Swissy in demand vs emerging market currencies and A$ * Tensions running high before Fed statement, Bernanke conference * Investors aching for clarity over Fed's next step, might...

Under terms of the Allentown water and sewer lease, city customers will pay a different rate than suburban customers getting their water from the same source, Lehigh County Authority officials said Tuesday at a community meeting. LCA is holding a series...

WASHINGTON -- Higher costs of housing and power to run homes pushed consumer prices mildly higher in May, but inflationary pressure in the U.S. was largely subdued, and the cost of health care eased again. The consumer price index rose by a seasonally...

SINGAPORE, June 18 (Reuters) - Gold was little changed on Tuesday as investors awaited guidance from a Federal Reserve meeting on the outlook for the bank's stimulus programme, amid some strong U.S. economic data. FUNDAMENTALS * Spot gold was near...