HONG KONG - China's central bank on Friday announced a surprise cut to interest rates, in the clearest sign yet that policy makers are growing increasingly concerned the country's economic slowdown.
Global financial markets rallied Friday after China's central bank cut interest rates and the European Central Bank's president reiterated that the institution was ready to expand its stimulus program.
North Carolina's jobless rate dipped to 6.3 percent in October pushing the state's unemployment rate to nearly its lowest level since the recession ravaged the state six years ago.
FILE - In this Thursday, Dec. 20, 2012, file photo, Chet Kanojia, founder and CEO of television-over-the-Internet service Aereo, Inc., shows a tablet displaying his company's technology, in New York.
WASHINGTON - The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating.