Business and Finance
THE FED LEFT short-term rates unchanged, keeping the federal funds rate at 4.75%, though the economic slowdown that the Fed expected has yet to materialize. The stock market closed higher after the widely expected report. The Dow Jones industrials rose 92.69 points to 9366.81, and the Nasdaq composite gained 1.22%. Treasurys ended modestly lower.</br></br>Wall Street economists are rushing to revise their forecasts amid recent statistics that point to stronger, not weaker, growth in the months ahead.</br></br>---</br></br>Goodyear will close a big U.S. tiremaking operation and cut 2,500 to 2,800 jobs world-wide as it expands its reach through its Sumitomo Rubber alliance. Goodyear's quarterly net rose, in line with analysts' estimates.</br></br>---