SAN FRANCISCO — At least 11 people were arrested at an anti-Wall Street protest in downtown San Francisco for blocking an entrance to the Wells Fargo building Friday.

Two hundred protesters gathered in the Financial District as part of daylong Occupy Wall Street-related demonstrations scheduled around the county demanding that banks end evictions and foreclosures. Traffic was rerouted through the area, as protesters spilled into the streets.

San Francisco Police Cmdr. Richard Corriea said the first arrests came when a group refused to move from their human chain blocking an entrance to Wells Fargo’s corporate headquarters. Corriea says all the arrests have been for alleged trespassing.

Protesters continued to try blocking bank entrances, but police in riot gear and private security guards chased them away.

Fed spells out how it will forecast changes

WASHINGTON — The Federal Reserve has specified how it will begin signaling when its benchmark interest rate will rise and what the rate will be at points in the future.

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Four times a year starting Wednesday, the Fed will show in a chart the year when Fed officials predict they will begin raising the rate. Another chart will show individual Fed members’ predictions for the rate at the end of 2012, 2013 and 2014.

More guidance on rates might help lower long-term yields further — in effect providing a kind of stimulus. Lower rates could lead consumers and businesses to borrow and spend more. The economy would likely benefit.

The Fed has left its key short-term rate at a record low near zero for the past three years. In August, it said it planned to leave the rate there until at least mid-2013, unless the economy improved.

Dodgers file new bankruptcy plan

DOVER, Del. — The Los Angeles Dodgers have filed a bankruptcy reorganization plan, a week after resolving a court fight with Fox Sports that threatened plans to sell the club.

The Dodgers filed their plan Friday in bankruptcy court in Delaware, saying the sale of the team should satisfy all creditor claims in full. The Dodgers are asking for a Feb. 22 court hearing for court approval of the statement outlining the reorganization plan and the process for creditors to vote on it.

The Dodgers sought bankruptcy protection in June after baseball Commissioner Bud Selig rejected a new TV deal with Fox that team owner Frank McCourt was counting on in order to make payroll and keep the franchise solvent.

Compiled from wire reports


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