Oil rises near $99 a barrel before Bernanke speaks
The price of oil rose Wednesday, before the conclusion of a U.S. Federal Reserve meeting.
Wednesday, June 19, 2013
The price of oil rose Wednesday, before the conclusion of a U.S. Federal Reserve meeting.

After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions.

Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant posture and avoiding a possible public relations nightmare over fuel tanks that can catch fire in a rear-end collision.
Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO.
Duke Energy's chief financial officer will take over for retiring CEO Jim Rogers at the end of the month.
U.S. builders began construction on more single-family homes and apartments in May, encouraged by more buyers and a scarcity of houses for sale.

U.S. consumer prices rose slightly last month, as higher energy costs partly offset cheaper food. The small increase is further evidence that consumers are benefiting from mild inflation.
CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it says it realizes customers are worried.

Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore.
Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank.
The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements.
Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy.
Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience - young men.
A federal bank that backed a huge airplane loan for Air India will have to explain that the loan didn't hurt U.S. airlines.
The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting.

The stock market is closing higher as investors anticipate that the Federal Reserve will keep programs to support the U.S. economy in place.

Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows.

Treasury Secretary Jacob Lew won't win any prizes in penmanship, but his official signature which will go on the nation's currency is at least a slight improvement over the loopy scrawl he had a few months ago.
Federal regulators are investigating the deaths of two patients who received injections of a longer-lasting version of Eli Lilly's antipsychotic Zyprexa.

President Barack Obama has given the clearest signal yet that Chairman Ben Bernanke will likely leave the Federal Reserve when his term ends in January.
Don't expect to see Dunkin' Donuts revive its famous "Time to make the doughnuts" ad campaign anytime soon.

The stock market is moving higher in midday trading after the government reported gains in home construction and low inflation.
United Airlines is making it a little harder to get a higher frequent-flier status.

Duke Energy Corp., the nation's largest electric utility, named Chief Financial Officer Lynn Good to replace Jim Rogers next month as CEO.

U.S. stock futures rose for the second time in as many days as the Federal Reserve opens its two-day policy meeting in Washington.