Business

Biden: $2.45B loan for Amtrak upgrades in Northeast Corridor

Reed said the agreement between Alstom in Hornell and Amtrak will be announced in Wilmington, Delaware, by Vice President Joe Biden at 4 p.m. Terms of the loan were not immediately available, but Amtrak said the money would be repaid through growth in revenues from Northeast Corridor operations.

Business

Marathon Petroleum Corp. (NYSE:MPC) Given Average Recommendation of "Buy" by Brokerages

Carnival Corp (NYSE:CCL) have shown a low EPS growth of -1.80% in the last 5 years and has earnings growth of 182.30% yoy. Marathon Oil Corporation's (MRO) witnessed a loss of -0.31% in recent trading period with closing price of $ 16.01.

Business

Rate hike path will be much flatter, Fed's Kaplan says

However, he said, for negative rates to be fully effective, paper money would have to be made more costly to hold or else be abolished altogether in favor of electronic currency. "In fact, what you'll do is you'll tend to keep rates low and I think that's certainly an appropriate thing for them to do". "It is only a matter of time before another cyclical downturn calls for aggressive negative nominal interest rate policy actions", concludes Marvin Goodfriend, a professor of economics at ...

Business

Dollar sticks to range as Yellen's Jackson Hole speech awaited

Treasuries fell after the data, while U.S. stock futures pared losses. Federal Reserve Chairwoman Janet Yellen is expected to deliver a policy note in Jackson Hole, Wyoming when she attends a symposium on important economic issues facing the US and global economies.

Business

Thousands who fled California wildfire allowed to return

Firefighter Kristen Johnson, with the Riverside Fire Department, works to mop up a recently burned area from a wildfire along Lynch Canyon Road in Paso Robles, Calif., Tuesday, Aug. It has burned 58 square miles. Cal Fire said the fire has destroyed 57 homes and charred 133 square miles. Higher humidity and lower temperatures will help efforts in the western area of the fire, Greiser said.

Business

European Union leaders call for more Europe despite populist backlash

But it's not so. "We respect the choice of Britain's citizens, but we want to write a page for the future". After yesterday's meeting of German, French and Italian leaders, Angela Merkel, Francois Hollande and Matteo Renzi, the daily Večer writes on Tuesday that the German chancellor started a diplomatic offensive by taking the reins of the European Union in her hands at the time when the bloc is at its biggest crossroads since its establishment.