Federal Reserve chair Janet Yellen said Friday that any increase in rock-bottom interest rates to �more normal� levels would be gradual and that rates would remain low �for some time� while the economy continues to recover.
NEW YORK - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Marketplace: NYSE The Dow Chemical Co.
BlackBerry posted its lowest quarterly sales in more than eight years on Friday, as the Canadian smartphone maker struggled to find new revenue sources to offset dwindling sales of its handsets.
Janet Yellen, chair of the U.S. Federal Reserve, said Friday at a conference in San Francisco that she expects the Fed to raise interest rates this year, and that subsequent increases will be gradual without following a predictable path.
WASHINGTON--Profits at U.S. corporations in late 2014 posted their largest drop in four years, a reflection of an economy weighed down by a strong dollar and weak global demand.