The U.S. economy was growing at a moderate pace through mid-February despite severe winter storms that had disrupted activity in some regions, the Federal Reserve reported Wednesday.
Toyota has announced sweeping management changes that consolidate power with North American Chief Executive Jim Lentz and promote some U.S. executives to senior posts in Japan.
Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn.
U.S. stocks sank Wednesday, pulling indexes further below record highs hit earlier in the week. The drop was modest but broad: nine of the 10 sectors in the Standard & Poor’s 500 index lost ground.
U.S. stocks are ending lower for a second day in a row, pulling the market further below record highs reached earlier this week.