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Added on the 23/04/2015 17:10:01 - Copyright : Reuters EN
The Fed predicts a 5.2 percent rate of inflation, as measured by the personal consumption expenditures price index, before falling rapidly to 2.6 percent next year and 2.2 percent in 2024, Chair Jerome Powell says during a press conference. SOUNDBITE
Stocks fell on Friday with weakness in financial stocks. But for the week, the major U.S. indexes posted gains. Bobbi Rebell reports.
The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities. As Sara Hemrajani reports, the claim far outstrips the bank's and investors' expectations.
HSBC announces a $2.5 billion share buy-back as it takes steps to soothe investors after a near 30 percent drop in first-half core profits. Rosanna Philpott reports.
Pfizer is buying the eczema treatment developer just one month after it scrapped its $160 billion merger deal with Allergan. Fred Katayama reports.