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(AP) Stocks are closing lower Wednesday after the Federal Reserve signaled that faster interest rate hikes are on the way. AT&T fell 6.2 percent and Time Warner gained 1.8 after a judge cleared the way for AT&T’s $85 billion takeover of T...

Federal Reserve raises interest rate

(AP) Stocks are closing lower Wednesday after the Federal Reserve signaled that faster interest rate hikes are on the way. AT&T fell 6.2 percent and Time Warner gained 1.8 after a judge cleared the way for AT&T’s $85 billion takeover of Time Warner. Other media, telecommunications and healthcare companies with pending deals also benefited: Twenty-First …

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