Federal Reserve officials laid out a broad plan for a gradual tightening of fiscal conditions in their April 26-27 meeting. Diane Swonk, chief economist with Mesirow Financial, explains.

One of Australia's major tobacco companies says it will slash the prices of its product if regulations force them to use generic packaging. A move the company says will entice more kids into smoking.

Upon discovery that natural gas drillers were dumping wastewater into rivers that were used for drinking water, Pennsylvania's environmental regulator has asked for drillers to find other ways to dispose of the waste.

News programs continue to lose viewers every year, but their low costs and attractiveness to ad sellers make them important to a network.