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Fed's Kaplan says he will advocate for raising interest rates gradually

The Dallas Fed chief pledged to push for gradual rises in rates, as long as inflation continues to rise and the economy remains near full employment.
Source: Reuters
Fed's Kaplan says he will advocate for raising interest rates gradually

LONDON, April 29- Dallas Federal Reserve President, Robert Kaplan, on Friday pledged to push for gradual increases in the U.S. benchmark interest rate, as long as inflation continues to rise and the U.S. economy remains near full employment. The Fed, which is charged with the twin goals of maximum employment and stable inflation, this week kept interest-rate policy...
Source: Reuters
Eurozone economy speeds up, reaches size it was back in 2008

LONDON— It's been a long and tortuous journey, but the eurozone economy is finally back to the size it was before the global financial crisis. Eurostat, the European Union's statistics agency, said the 19- country currency bloc expanded by a quarterly rate of 0.6 percent in the first three months of the year. It is far higher in the countries that have suffered most...
Source: The Associated Press
After BOJ hesitates over easing, markets test its resolve by driving up yen

SYDNEY, April 29- The Bank of Japan's shock decision this week not to provide additional stimulus to the struggling Japanese economy has prompted some investors and traders to bet that policy makers are out of bullets, clearing the path for further gains in the yen. After BOJ Governor Haruhiko Kuroda on Thursday dashed expectations of more easing, the yen has...
Source: Reuters | By: Wayne Cole
Deal ends fight between solar firm, utility for now

The agreement between SolarCity and Arizona Public Service Co. puts an end to an increasingly public fight pitting the utility against solar companies, for now. That was in response to a SolarCity- backed citizens' initiative mandating that utilities pay homeowners with rooftop solar panels the full retail price for power they send back to the grid.
Source: The Associated Press | By: By BOB CHRISTIE, Associated Press
How an 'unemployable' student made it big in e-tail

Sri Lankan entrepreneur Lahiru Pathmalal threw in his economics major to study politics and psychology, infuriating his father.
Source: CNBC.com | By: Connie Tan Hui Ann
In a 'post-Chipotle' world, Panera may be the future of fast food

Chipotle's food safety issues are having an influence on diners moving away from artificial ingredients to clean food menus, like those offered at Panera Bread.
Source: CNBC.com | By: Heesun Wee
House votes to repeal U.S. retirement rule, Obama threatens veto

WASHINGTON, April 28- The U.S. House of Representatives voted on Thursday to repeal a Labor Department rule aimed at protecting retirement savers from profit-hungry brokers, a largely symbolic move that President Barack Obama has threatened to veto. "Bureaucrats in Washington, D.C. have no business getting between you and your financial planner.
Source: Reuters
UPDATE 1-Energy Future Holdings says Oncor sale is dead

April 28- Energy Futures Holdings Corp's plan to sell its Oncor power distribution business for about $19 billion to fund its exit from bankruptcy will not close as expected, a company lawyer told a U.S. While Oncor is considered a crown jewel asset, the Public Utility Commission of Texas imposed conditions for approving the deal that have discouraged the...
Source: Reuters | By: Tom Hals
Forget Cruz-Fiorina. Here's a hint for who Hillary Clinton will pick as her VP

Here's a good hint at who Hillary Clinton could pick as her running mate, says Joshua Spivak, who takes a look at the field.
Source: CNBC.com | By: Joshua Spivak, a senior fellow at the Hugh L. Carey Institute for Government Reform at Wagner College