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Latest Business News: Bernanke: Fed to Taper Later This Year

Wochit 0:54 mins

Federal Reserve Chairman Ben Bernanke says the central bank anticipates beginning tapering bond purchases later this year but that policy will remain accommodative and could change depending on the economic data. US Airways Group and AMR Corp's American Airlines have offered concessions to European Union antitrust regulators to win approval for their planned $11 billion merger to create the world's largest airline. The European Commission said that it would decide by August 6 whether to clear the deal. U.S. Treasury Secretary Jack Lew said that the United States is committed to ending a policy of "too big to fail" where large institutions receive considerable government assistance if they get into trouble.

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