Originally published on Wed September 18, 2013 6:28 pm
The Federal Reserve said today that it is not slowing down its monthly purchase of $85 billion in bonds.
The program is intended to stimulate a sluggish economy and the Fed was widely expected to announce that in light of a recovering economy, it was tapering the bond-buying program. Instead, it delivered a surprise that caused the markets to jump, as the Dow and the S&P closed at record highs.
Originally published on Wed September 18, 2013 3:34 pm
A judge has ruled that a Tennessee woman can name her 8-month-old son "Messiah" — a decision that overturns a ruling last month that drew international attention to the boy.
In a paternity hearing in August, Jaleesa Martin and Jawaan McCullough brought a dispute over their son's surname. Martin had given her son the name Messiah Deshawn Martin, but McCullough wanted the boy to have his last name.
Originally published on Wed September 18, 2013 3:31 pm
The man behind Beanie Babies, the toy animals that saw their heyday in the mid-1990s, has agreed to plead guilty to tax evasion for failing to report income held in Swiss bank accounts.
H. Ty Warner, 69, has been charged in U.S. District Court with felony tax evasion. The indictment alleges that in 1996, Warner traveled to Zurich to open an account with Union Bank of Switzerland with the intent to "evade and defeat" taxes on $3.1 million in foreign income.