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U.S. markets news

Fed's Yellen, in 2009, Urged 'Bold Action' on Growth
Janet Yellen was doubtful in 2009 that an emerging U.S. economic recovery would be at all robust and argued for the Federal Reserve to ramp up its efforts to boost growth, according to transcripts of that year's policy meetings released by the central bank ...
US banks plead for more tailored approach to Fed stress tests  Reuters
Gloom and gallows humor in Fed's 2009 transcripts  Charlotte Observer
The Fiscal Times  
China signals 'new normal' with higher spending, lower growth target
BEIJING (Reuters) - China plans to run its biggest budget deficit in 2015 since the global financial crisis, stepping up spending as Premier Li Keqiang signaled that the lowest rate of growth in a quarter of a century is the "new normal" for the world's No.2 ...
China Plans to Build Its Commodity Hoard in 2015  Wall Street Journal
China to narrow gap with US by increasing military spending  CNN
UPDATE 3-AbbVie boosts cancer drug pipeline with $21 bln Pharmacyclics deal
... * AbbVie to pay $261.25 per share in cash and stock. * Price at 13 pct premium to Pharmacyclics' Wednesday close. * Deal cuts reliance on Humira; expected to close mid 2015 (Adds analyst reaction, drug sales forecasts, J&J reaction).
AbbVie to buy leukemia drugmaker Pharmacyclics for $21B  Washington Post
AbbVie Makes Cancer Therapy Push With a $21 Billion Deal  Bloomberg
Euro Weakens to 11-Year Low Against Dollar Before ECB Decisions
(Bloomberg) -- The euro weakened to an 11-year low against the dollar as traders prepared for the European Central Bank to announce details of its debt-purchase program, deepening its differences with the U.S.
Euro plumbs to more than 11-year low as details of ECB's QE plan awaited  CNBC
Investors Hold Fire Ahead of ECB Meeting  Wall Street Journal
German industrial orders plunge by 3.9 pct in Jan
BERLIN, March 5 (Reuters) - German industrial orders fell far more than forecast in January, posting their largest drop since August, data showed on Thursday, casting a shadow over what had previously looked like a strong start to 2015 for Europe's largest ...
German factory orders down more than expected in January
Saudi Arabia Vows to Keep Pumping as Oil Plan Is Successful
Oil Minister Ali Al-Naimi, seen here, said Saudi Arabia won't cut output unless customers refuse to buy its crude. Photographer: Samuel Kubani/AFP via Getty Images.
Crude-oil prices rise as Saudi Arabia hints at rising demand  MarketWatch
Saudi Arabia: Don't blame us for oil's big plunge  CNNMoney
Brent above $61 as Iran news offsets US stockpiles
LONDON (Reuters) - Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on the lack of a deal in talks over Iran's nuclear programme.
Oil supply outgrows US stores
Oil Fluctuates on China's Lower Growth Target, Libyan Supply Issues  Nasdaq
UPDATE 1-Costco's quarterly profit tops estimates on tax benefit
(Adds details, analyst estimates). March 5 (Reuters) - Costco Wholesale Corp reported a better-than-expected quarterly profit, helped by a tax benefit related to its special cash dividend last month.
Costco Profit Advances as Revenue Growth Outpaces Wal-Mart  Bloomberg
Costco Profit Beats Forecasts in Second Quarter  Wall Street Journal
Federal Reserve survey finds US economy growing at moderate pace
WASHINGTON - 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.
US economy on moderate growth track
Energy a dark spot in otherwise stable regional economy, Beige Book reports  Dallas Business Journal
McDonald's moving to limit antibiotics in chicken items
By Stephanie Strom McDonald's said on Wednesday that it would begin using chickens that are not raised with antibiotics used to treat humans, a move likely to put pressure on competitors of the fast-food chain, which now sells more chicken than beef.
Your McNuggets: Soon Without a Side of Antibiotics  Wired
McDonald's, Tyson target antibiotics  Arkansas Online