Commodities

Global markets mixed ahead of Fed chair testimony

Tokyo stocks finished higher but other markets in Asia were mixed on Tuesday ahead of the Federal Reserve chair's testimony at U.S. Congress later in the day, his first public appearance as chair of the Fed.

Business Highlights

___ Fed expects economic gains to prompt gradual rate hikes WASHINGTON (AP) — The Federal Reserve says it expects that the ongoing strength of the U.S. economy will warrant further gradual increases in interest rates this year.

Business Highlights

___ Ford names Lincoln chief to replace ousted N. American head DETROIT (AP) — A veteran Ford Motor Co. executive who was leading the Lincoln luxury brand has been picked to lead North American operations, replacing an executive who was ousted this week over allegations of inappropriate behavior.

Business Highlights

___ Investors are winners as companies lay out tax-saving plans NEW YORK (AP) — The tax overhaul was sold by its backers as a way to help American workers, and companies have announced plans to give employees bonuses and improve their operations.