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Is the economy stable enough to end the government's stimulus program? The fed weighs in. Here's the Wednesday Bloomberg After The Bell Report from the New York Stock Exchange.
The Federal Reserve says it will maintain the pace of its economic stimulus. It wrapped up its latest, two-day meeting and said it will continue its $85 billion a month bond buying since unemployment is still high. Chairman Ben Bernanke has pushed the stimulus as a way to heal the economy in the wake of the recession.
Stocks managed to snap a three-day slump thanks to the fed's announcement.
The Center For Sustainable Shale Development was formed Wednesday in Pittsburgh. Chevron is among the big-name natural gas producers and environmental groups involved in the effort to set standards for the controversial practice of fracking.
When it comes to business schools, Notre Dame comes in ahead of Ivy League competitors. The university's Mendoza College of Business scored the top spot in Bloomberg Businessweek's undergrad rankings for a fourth year. Students say the school's curriculum and focus on ethics set it apart from other colleges.