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WASHINGTON (Reuters) - The Federal Reserve's monetary stimulus is helping the economy recover but the central bank needs to see further signs of traction before taking its foot off the gas, Fed Chairman Ben Bernanke said on Wednesday. Full Story
Top Headlines
Home sales close in on three-and-a-half year high
Wall Street extends losses, S&P down 1 percent
PepsiCo rethinks U.S. pricing to attract more everyday buyers
Bob Lutz, Chinese parts maker offer $20 million for Fisker: sources
DETROIT (Reuters) - China's largest auto parts maker and a boutique car company led by former General Motors Co <GM.N> executive Bob Lutz have offered $20 million to buy "green" carmaker Fisker Automotive, people familiar with the matter said on Wednesday. Full Story
DETROIT (Reuters) - China's largest auto parts maker and a boutique car company led by former General Motors Co <GM.N> executive Bob Lutz have offered $20 million to buy "green" carmaker Fisker Automotive, people familiar with the matter said on Wednesday. Full Story
Europe targets Switzerland in fight against bank secrecy
BRUSSELS (Reuters) - Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail. Full Story
BRUSSELS (Reuters) - Europe edged closer to lifting banking secrecy on Wednesday after Austria said it was ready to share data on foreign depositors but Vienna's support could fade should efforts to strike a similar deal with Switzerland fail. Full Story
Delta will wait for new planes to prove themselves: CEO
(Reuters) - U.S. carrier Delta Air Lines will watch the wave of orders for the latest Airbus and Boeing planes roll on by and wait for the jets to prove themselves before ordering any, its chief executive told Reuters on Wednesday. Full Story
(Reuters) - U.S. carrier Delta Air Lines will watch the wave of orders for the latest Airbus and Boeing planes roll on by and wait for the jets to prove themselves before ordering any, its chief executive told Reuters on Wednesday. Full Story
Delta Airlines wants to stop Ex-Im help on big jets
(Reuters) - Delta Air Lines Inc <DAL.N> wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co <BA.N>, and would be willing to forgo such support for its own purchases if all such subsidies were eliminated, its chief executive said on Wednesday. Full Story
(Reuters) - Delta Air Lines Inc <DAL.N> wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co <BA.N>, and would be willing to forgo such support for its own purchases if all such subsidies were eliminated, its chief executive said on Wednesday. Full Story
