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Economy

World Bank head: Time to retire ‘Third World’

WASHINGTON — The head of the World Bank says it is time to stop using the term “Third World” to refer to developing countries and recognize they are an essential part of a new, fast evolving international economy.

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Companies could see tax relief

As companies struggle to recover from the recession, a potential change to U.S. tax law could afford those that have been forced to downsize their workforce considerable tax relief.

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Key Fed unit to get a new chief

WASHINGTON, D.C. — A Federal Reserve division that helps shape interest-rate policy is getting a new chief. Fed official William English will be promoted to director of the division of monetary affairs ...

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