Bernanke Testifies on U.S. Economy, Monetary Policy

July 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke testifies about the U.S. economy and Fed policy before the Senate Banking Committee in Washington. Bernanke said progress in reducing unemployment is likely to be “frustratingly slow” and repeated the Fed is ready to take further action to boost the recovery, while refraining from discussing specific steps. (This is Bernanke's prepared statement. Source: Bloomberg)

Oil Producers Suffers as Prices, Refining Sink Profits
14:47 - The oil industry is seeing the impact of lower prices in earnings reports as BP saw a 45 percent reduction in earnings while Shell fell $1 billion short of profit estimates. Bloomberg's Tina Davis reports on "Bloomberg ‹GO›." (Source: Bloomberg)
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