Government officials have missed several deadlines to set up new health-insurance exchanges for small businesses and consumers—a key part of the federal health overhaul, Congress’s watchdog arm said.
Government officials have missed several deadlines to set up new health-insurance exchanges for small businesses and consumers—a key part of the federal health overhaul, Congress’s watchdog arm said.
A Milan court has convicted the designers Domenico Dolce and Stefano Gabbana of tax evasion. The court sentenced them both to one year and eight months in jail.

The creator of Groggs, the hand-carved caricature statues of sporting heroes and other celebrities, dies at the age of 79.
Hoping in part to push along sales of NBA jerseys, more teams will wear uniforms with sleeves next season.

The Police Service of Northern Ireland (PSNI) is facing a legal challenge over plans to hire 900 temporary staff in a contract which could be worth up to £180m.

When rates begin to move back to a normalized environment, there are sure to be changes. Don’t be scared.

The Federal Reserve maintains its $85bn-a-month (£54bn) asset purchase programme, and Fed chairman Ben Bernanke says the bank could begin scaling back the programme later this year.
Some oil traders say they try to skew Platts oil-price benchmarks by offering to do small deals at a loss, with the goal of doing bigger ones at better prices.

The Israel-based pharma will pay $1.3 million in the deal that still needs court approval.

Is it a parody? Is it serious? One thing’s for sure: “We Can’t Stop” talking about this new clip

It’s not a huge move, but the market is falling during the Ben Bernanke press conference. In the immediate aftermath of the Fed statement (@ 2 PM) markets fell modestly. Now the Dow is down 138, and interest rates are spiking. Yield on the 10-year bond has hit 2.33% (!), which is the highest level since early 2012. The dollar is strengthening. …

The Federal Reserve just released its latest FOMC statement on monetary policy, and bonds are taking a hit. Fed Chairman Ben Bernanke is now taking questions from reporters, and Treasury futures are seeing selling on heavy volume (check out all of the big red bars on the subgraph below). Before the release at 2 PM ET, the yield on the 10-year U.S. Treasury note was hovering around 2.21%. Following the release, the 10-year yield is up to 2.32%. …

SkyWest derives most of its revenue from flying 50-seat jets for Delta and United. However, Delta and United are both desperate to get rid of these planes. What does that mean for SkyWest?

Police fire tear gas and rubber bullets to disperse protesters in the Brazilian city of Fortaleza, ahead of a football match against Mexico.

More hints that “the taper” (the reduction of asset purchases) could begin later this year if current economic trends hold. At Bernanke’s press conference he put it this way. Bernanke: If forecast holds, “appropriate to moderate the pace of purchases later this year,” ending mid-2014. June 19, 2013 For full coverage of the press conference, see here.Join the conversation about this story »

Wells Fargo is proving that old school banking can compete and win in the modern era of big finance.
Crestfallen San Antonio has been through worse than Game 6 meltdown before

A volatile market shows just why keeping an eye on short-term interests is a bad move
The US Secretary of State calls the Afghan leader to defuse tension over the opening of a Taliban office in Qatar, an Afghan official says.
A cash squeeze gripping China’s financial markets is beginning to trickle into the broader economy, as bank executives warn of higher interest rates and more-cautious lending.

The board of directors anticipates keeping the dividend steady at $0.12 per share until the first quarter of 2014.

Examining the most important statistic from the nation’s most important homebuilder.

Ron Burgundy is back! Anchorman 2: The Legend Continues, which is scheduled to be released in December, finds Burgundy (Will Ferrell) and his team of intrepid broadcast journalists (Steve Carell, Paul Rudd and David Koechner) transitioning to a 24-hour cable news channel in the 1980s. Read More > Other Links From TVGuide.com James MarsdenPaul RuddSteve CarellWill FerrellDavid KoechnerKristen WiigAnchorman: The Legend Continues

The Voice coach plans to celebrate his birthday with drinks and alone time with his wife
Men’s Wearhouse terminated its founder and public face, George Zimmer, from his position as executive chairman. A reason wasn’t given, but Mr. Zimmer released a statement saying he was being silenced after expressing concerns about the company’s direction.

Two workers at a care home in Buckinghamshire asked for forgiveness after being caught sleeping during their night shift, a court hears.

A snack bar manufacturer is to move its main production plant from north to south Wales, with about 120 Gwynedd staff offered a transfer to Newport.

The Federal Reserve’s FOMC statement and economic forecasts are out. One number jumped out at us. For 2014, the Federal Reserve now estimates the unemployment rate will be in the range of 6.5% to 6.8%, down from an earlier forecast of 6.7% to 7.0%. This is noteworthy because in its December meeting, the Fed said it would use unemployment rate and inflation rate thresholds to help guide monetary policy. Those thresholds: 6.5% unemployment rate and 2.5% inflation rate. …

Necessary Roughness’ Dani Santino (Callie Thorne) has left her private therapy practice and taken a job working full-time at a sports agency under Connor McClane (John Stamos). In Wednesday’s episode, “Gimme Some Lovin’,” Dani gets acquainted with her fancy new digs and realizes she’ll have to get used to having an assistant. Read More > Other Links From TVGuide.com Callie ThorneJohn StamosMehcad BrooksNecessary Roughness

Mars’ atmosphere could have been rich in oxygen four billion years ago – well before Earth’s air became augmented with the gas.

Below are the up-to-date economic forecasts from the Federal Reserve: Here’s where everyone stands in terms of the direction of monetary policy: Join the conversation about this story »

In a bizarre move, the men’s apparel company ousts the man who founded it 40 years ago, providing few details.