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A video screen on the floor of the New York Stock Exchange  shows the interest rate decision of the Federal Reserve, Wednesday, May 1, 2013. The Fed maintained its plan to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent from its current 7.6 percent. (AP Photo/Richard Drew)

Fed keeps stimulus, says taxes and cuts have hurt

The Federal Reserve cautioned America's political leaders Wednesday that their policies are hurting the economy. The Fed stood by its aggressive efforts to stimulate the economy and reduce unemployment. But it sent its clearest signal to date that tax increases and spending cuts that kicked in this year are slowing ...

FILE - In this Sept. 2012 file photo, Rep. Melvin Watt of North Carolina addresses the Democratic National Convention in Charlotte, N.C., on Thursday, Sept. 6, 2012.   President Obama intends to nominate Rep. Watt to head the Federal Housing Finance Agency, the government regulator that oversees lending giants Fannie Mae and Freddie Mac, a White House official said Tuesday.  (AP Photo/J. Scott Applewhite)

Congressman, former lobbyist get housing, FCC nods

President Barack Obama acted Wednesday to fill two top regulatory posts, tapping a veteran Democratic congressman to lead the Federal Housing Finance Agency at a pivotal time for the housing market and naming a top campaign fundraiser and former lobbyist to head the Federal Communications Commission. Rep. Melvin Watt, D-N.C., ...

In this Tuesday, April 30, 2013, photo, Lon Finkelstein, CFO of Vermont Tent Company, speaks in South Burlington, Vt. Finkelstein, chief financial officer of Vermont Tent Co., has been trying to figure out how many employees the company would need to provide health coverage for under the new health care law. The South Burlington company, which rents tents and party equipment, has a staff that ranges from 30 in the off-season to 70 during the busy spring, summer and fall months. (AP Photo/Toby Talbot)

Businesses may get sticker shock on health care

Small business owners may be experiencing sticker shock now that insurers are revealing the rates they want to charge under the new health care law. So far, in Rhode Island, insurers are requesting premium increases of up to 14 percent for small business coverage when the Affordable Care Act is ...

FILE - In this Friday, May 28, 2010, file photo, tourists and local residents enjoy a day the the beach as Memorial Day weekend begins in the South Beach area of Miami, Beach, Fla. With a little advance planning, and some insider tips, summer vacations can be a lot less expensive. (AP Photo/Alan Diaz, File)

6 things to ask before booking a summer vacation

It's May. Memorial Day and the end of the school year are in sight. Suddenly, you're thinking about a summer vacation. A little advance planning — and some insider tips — can save you a lot of money. Whether you're booking airfare, a car rental or a hotel room, there ...

FILE PHOTO

Nissan cuts prices on 7 US models

Nissan is cutting prices on seven of its 18 models in the U.S., hoping its cars and trucks will show up in more Internet searches by shoppers. The price cuts vary with the amount of equipment on each model. They run from 2.7 percent, or $580, on the top-selling Altima ...

Fed likely to stick with low-rate stance this week

A combination of scant inflation and still-modest U.S. economic growth will likely lead the Federal Reserve this week to maintain its drive to keep borrowing costs at record lows indefinitely. The Fed has said it plans to keep its key short-term interest rate near zero at least until the unemployment ...

This April 25, 2013, photo shows workers put the finishing touches on the Woody Guthrie Center, which features a mural of the Oklahoma-born folk singer/songwriter, in downtown Tulsa. The center is set to open to the public on Saturday, April 27. (AP Photo/Justin Juozapavicius)

Woody Guthrie Center opens Saturday in Tulsa

Supporters of folk singer Woody Guthrie say the opening of a center chronicling his storied life and career is long overdue in his native state of Oklahoma. The 12,000-square-foot Woody Guthrie Center opens Saturday afternoon in Tulsa. It features Oklahoma's only permanent exhibit on the Dust Bowl and also includes ...

Crowdfunding may be more bust than windfall

Small businesses looking for a windfall of investor money from crowdfunding may find that it's more of a bust. President Barack Obama and members of Congress have touted a law that makes crowdfunding, a method of soliciting money over the Internet, as a way for startups and other small companies ...

Penguins from SeaWorld are escorted by their handlers on the floor of the New York Stock Exchange during the company's IPO, Friday, April 19, 2013, in New York. The broad Standard & Poor's 500 index opened higher early Friday. (AP Photo/Richard Drew)

SeaWorld makes a splash on NYSE as stock gains

SeaWorld Entertainment Inc. made a splash Friday in its first day of trading on the New York Stock Exchange. The owner of theme parks famous for water shows featuring killer whales and dolphins jumped $6.52, or 24 percent, to close at $33.52 after the company and its backers raised $702 ...

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