Business & economy news - DC News FOX 5 DC WTTG

Business News

  • BusinessMore>>

  • APNewsBreak: BofA reaches $17B settlement with US

    APNewsBreak: BofA reaches $17B settlement with US

    Wednesday, August 20 2014 2:24 PM EDT2014-08-20 18:24:48 GMT
    Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008...
    Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008...
  • Some Fed officials favor reduced help for economy

    Some Fed officials favor reduced help for economy

    Wednesday, August 20 2014 2:13 PM EDT2014-08-20 18:13:34 GMT
    Some Federal Reserve officials think the economy is improving fast enough that the Fed will soon need to signal a change in the extraordinary support it's been providing the economy in the form of ultra-low...
    Some Federal Reserve officials think the economy is improving fast enough that the Fed will soon need to signal a change in the extraordinary support it's been providing the economy in the form of ultra-low interest...
  • Chip maker Infineon to buy California firm for $3B

    Chip maker Infineon to buy California firm for $3B

    Wednesday, August 20 2014 2:13 PM EDT2014-08-20 18:13:31 GMT
    German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based International Rectifier, which produces power-management components used in everything from cars to...
    German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from...
  • Israeli premier: 'We will not stop' Gaza operation

    Israeli premier: 'We will not stop' Gaza operation

    Wednesday, August 20 2014 2:05 PM EDT2014-08-20 18:05:14 GMT
    Palestinian militants are firing rockets from Gaza and Israel is launching airstrikes following the end of a cease-fire and the collapse of talks aimed at a lasting truce.
    Israel's prime minister says he will press forward with a military operation in the Gaza Strip until rocket fire out of the Palestinian territory is halted.
  • Target cuts outlook as breach fallout lingers

    Target cuts outlook as breach fallout lingers

    Wednesday, August 20 2014 2:04 PM EDT2014-08-20 18:04:03 GMT
    Target has slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing expansion in Canada and sluggish sales in the U.S.
    Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales.
  • US stocks slightly higher ahead of Fed minutes

    US stocks slightly higher ahead of Fed minutes

    Wednesday, August 20 2014 1:43 PM EDT2014-08-20 17:43:17 GMT
    Asian stocks got a slight boost from Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar, while European markets drifted lower.
    U.S. stocks moved higher in early afternoon trading Wednesday as investors prepared for the release of minutes from the Federal Reserve's latest policy meeting.
  • Argentina to pay creditors, avoid US courts

    Argentina to pay creditors, avoid US courts

    Wednesday, August 20 2014 1:33 PM EDT2014-08-20 17:33:54 GMT
    Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the...
    Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into...
  • US won't reveal records on health website security

    US won't reveal records on health website security

    Wednesday, August 20 2014 1:24 PM EDT2014-08-20 17:24:37 GMT
    The Obama administration has concluded it will not publicly disclose federal records that could shed light on the security of the government's signature health care website because doing so could "potentially"...
    After promising not to withhold government information over "speculative or abstract fears," the Obama administration has concluded it will not publicly disclose federal records that could shed light on the security of the...
  • HTC makes Windows version of flagship One phone

    HTC makes Windows version of flagship One phone

    Wednesday, August 20 2014 1:14 PM EDT2014-08-20 17:14:11 GMT
    HTC will start making a version of its flagship HTC One phone with Microsoft's Windows software inside.
    HTC will start making a version of its flagship HTC One phone with Microsoft's Windows software inside.
  • Community Health details attack on patient records

    Community Health details attack on patient records

    Wednesday, August 20 2014 1:14 PM EDT2014-08-20 17:14:07 GMT
    Hospital operator Community Health Systems said a cyberattack took information on more than 4 million patients from its computer network earlier this year.
    Hospital operator Community Health Systems said a cyberattack took information on more than 4 million patients from its computer network earlier this year.
  • Yellen to give her outlook as Fed honeymoon fades

    Yellen to give her outlook as Fed honeymoon fades

    Wednesday, August 20 2014 12:53 PM EDT2014-08-20 16:53:23 GMT
    Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest...
    Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and...
  • Yellen to give her outlook as Fed honeymoon fades

    Yellen to give her outlook as Fed honeymoon fades

    Wednesday, August 20 2014 12:33 PM EDT2014-08-20 16:33:42 GMT
    Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the U.S. economy through a grave crisis by slashing...
    Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the U.S. economy through a grave crisis by slashing interest rates...
  • Global cruise lines set sail for China

    Global cruise lines set sail for China

    Wednesday, August 20 2014 12:23 PM EDT2014-08-20 16:23:18 GMT
    Royal Caribbean's newest ship has attractions not usually seen on cruise liners, including bumper cars, a skydiving simulator and a glass observation capsule on a mechanical arm that lifts its passengers high...
    Royal Caribbean's newest ship has attractions not usually seen on cruise liners, including bumper cars, a skydiving simulator and a glass observation capsule on a mechanical arm that lifts its passengers high into the...
  • Trading in US stocks subdued ahead of Fed minutes

    Trading in US stocks subdued ahead of Fed minutes

    Wednesday, August 20 2014 12:13 PM EDT2014-08-20 16:13:39 GMT
    U.S. stocks are drifting in midday trading as traders wait for the latest news from the Federal Reserve.
    U.S. stocks are drifting in midday trading as traders wait for the latest news from the Federal Reserve.
  • Zimbabwe economy takes another dive

    Zimbabwe economy takes another dive

    Wednesday, August 20 2014 12:03 PM EDT2014-08-20 16:03:39 GMT
    It is 4 a.m. and people are already lining up outside Zimbabwe's main passport office - four hours ahead of opening time - in hopes of securing a passport that will allow them to escape their country's...
    It is 4 a.m. and people are already lining up outside Zimbabwe's main passport office - four hours ahead of opening time - in hopes of securing a passport that will allow them to escape their country's dearth of...
  • German govt backs authors in spat with Amazon

    German govt backs authors in spat with Amazon

    Wednesday, August 20 2014 11:53 AM EDT2014-08-20 15:53:30 GMT
    Germany's top culture official has voiced support for hundreds of authors who claim they're being discriminated against by online retailer Amazon amid negotiations with their publisher.
    Germany's top culture official has voiced support for hundreds of authors who claim they're being discriminated against by online retailer Amazon amid negotiations with their publisher.
  • Macy's to pay $650,000 in shopper-profiling probe

    Macy's to pay $650,000 in shopper-profiling probe

    Wednesday, August 20 2014 11:46 AM EDT2014-08-20 15:46:05 GMT
    The retailer Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan's Herald Square.
    Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan's Herald Square.
  • Heineken reports sales, profit drop in first half

    Heineken reports sales, profit drop in first half

    Wednesday, August 20 2014 11:24 AM EDT2014-08-20 15:24:08 GMT
    Heineken NV, the Amsterdam-based brewer, has reported first half earnings that show a small drop in both revenues and profits - but says its underlying performance was good.
    Heineken NV, the Amsterdam-based brewer, has reported first half earnings that show a small drop in both revenues and profits - but says its underlying performance was good.
  • Some Bank of England board members seek rate hike

    Some Bank of England board members seek rate hike

    Wednesday, August 20 2014 11:04 AM EDT2014-08-20 15:04:05 GMT
    Consensus among policymakers at the Bank of England has been shattered, with two of nine members of the monetary policy committee voting to increase interest rates from a record low of 0.5 percent.
    The Bank of England's consensus on maintaining record-low interest rates has crumbled after more than three years, with two members of the central bank's monetary policy committee voting to increase borrowing costs...
  • Merkel Ukraine role mirrors rising German ambition

    Merkel Ukraine role mirrors rising German ambition

    Wednesday, August 20 2014 10:55 AM EDT2014-08-20 14:55:55 GMT
    Chancellor Angela Merkel's emergence as a leader in efforts to resolve Ukraine's crisis - showcased by a visit to Kiev this weekend - underlines Germany's increasing ambition to transform itself from...
    Chancellor Angela Merkel's emergence as a leader in efforts to resolve Ukraine's crisis - showcased by a visit to Kiev this weekend - underlines Germany's increasing ambition to transform itself from economic...
  • Dubai's Nakheel to pay $2.1 billion in debt early

    Dubai's Nakheel to pay $2.1 billion in debt early

    Wednesday, August 20 2014 10:55 AM EDT2014-08-20 14:55:35 GMT
    Dubai's developer Nakheel behind the famed man-made palm-shaped islands says it is repaying 7.9 billion dirhams, or roughly $2.1 billion, four years before the last installment is due.
    Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month - nearly four years before the last installment is due.
  • Apple's stock bounces back to hit a new high

    Apple's stock bounces back to hit a new high

    Wednesday, August 20 2014 10:04 AM EDT2014-08-20 14:04:47 GMT
    Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
    Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
  • Stocks open lower after two straight gains

    Stocks open lower after two straight gains

    Wednesday, August 20 2014 9:44 AM EDT2014-08-20 13:44:47 GMT
    U.S. stocks are opening lower after two straight days of gains.
    U.S. stocks are opening lower after two straight days of gains.
  • Twitter tries to block images of Foley killing

    Twitter tries to block images of Foley killing

    Wednesday, August 20 2014 9:04 AM EDT2014-08-20 13:04:23 GMT
    Twitter is trying to block the spread of gruesome images of the beheading of journalist James Foley by Islamic State militants, while a movement to deny his killers the publicity they crave is also gaining momentum.
    Twitter and some other social media outlets are trying to block the spread of gruesome images of the beheading of journalist James Foley by Islamic State militants, while a movement to deny his killers publicity is also...
  • Lowe's 2Q profit rises as weather improves

    Lowe's 2Q profit rises as weather improves

    Wednesday, August 20 2014 7:13 AM EDT2014-08-20 11:13:58 GMT
    Lowe's second-quarter net income increased 10 percent, bolstered by improving weather.
    Lowe's second-quarter net income increased 10 percent, bolstered by improving weather.
  • Glencore swings to profit, announces buyback

    Glencore swings to profit, announces buyback

    Wednesday, August 20 2014 6:24 AM EDT2014-08-20 10:24:11 GMT
    Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent.
    Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent.
  • Bloomberg offers grants to help cities innovate

    Bloomberg offers grants to help cities innovate

    Wednesday, August 20 2014 2:24 AM EDT2014-08-20 06:24:12 GMT
    American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation.
    American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation.
  • China fines 12 Japanese firms in auto price probe

    China fines 12 Japanese firms in auto price probe

    Wednesday, August 20 2014 12:24 AM EDT2014-08-20 04:24:09 GMT
    China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry.
    China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry.
  • Prison company pays $8 million in back wages

    Prison company pays $8 million in back wages

    Wednesday, August 20 2014 12:23 AM EDT2014-08-20 04:23:56 GMT
    The nation's largest private prison company, Corrections Corp. of America, has paid more than $8 million in back wages and benefits to current and former employees guarding federal inmates at a prison in...
    The nation's largest private prison company, Corrections Corp. of America, has paid more than $8 million in back wages and benefits to current and former employees guarding federal inmates at a prison in California...
  • Asia stocks make slight gains, await Yellen speech

    Asia stocks make slight gains, await Yellen speech

    Wednesday, August 20 2014 12:04 AM EDT2014-08-20 04:04:15 GMT
    Global stock markets rose Tuesday on improved U.S. housing sentiment and news of diplomatic efforts to broker a cease-fire in Ukraine.
    Asian stock markets got a slight boost Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar.
  • Peanut, almond butter recalled for salmonella risk

    Peanut, almond butter recalled for salmonella risk

    Tuesday, August 19 2014 9:34 PM EDT2014-08-20 01:34:09 GMT
    Peanut and almond butters sold at Whole Foods, Trader Joe's and other grocers are being recalled because of possible salmonella contamination.
    A unit of Hain Celestial Group Inc. is recalling some peanut and almond butter because of possible salmonella contamination.
  • Ballmer steps down from Microsoft board

    Ballmer steps down from Microsoft board

    Tuesday, August 19 2014 7:46 PM EDT2014-08-19 23:46:33 GMT
    Former Microsoft CEO Steve Ballmer is stepping down from the company's board, bringing to a close 34 years with the software giant. Ballmer says he plans to devote more time to his ownership of the Los Angeles...
    Former Microsoft CEO Steve Ballmer is stepping down from the company's board, closing a chapter on 34 years with the software giant.
  • New Mexico chile gets certified-product safeguards

    New Mexico chile gets certified-product safeguards

    Tuesday, August 19 2014 6:44 PM EDT2014-08-19 22:44:29 GMT
    New Mexico is looking to a new certification program to protect the reputation of one of its signature crops: chile.
    Idaho has its potatoes. Florida has its fresh fruits and juices. Vidalia is the name synonymous with the nation's most famous sweet onion.
  • WWII bomb found near Frankfurt airport

    WWII bomb found near Frankfurt airport

    Tuesday, August 19 2014 5:13 PM EDT2014-08-19 21:13:40 GMT
    Authorities have found an unexploded World War II bomb by a highway close to Frankfurt airport and an operation to defuse it may cause flight disruptions.
    A World War II bomb found Tuesday next to a highway near Frankfurt airport was disposed of in a controlled explosion, causing some disruption to flight operations.
  • Islanders announce sale of minority stake of club

    Islanders announce sale of minority stake of club

    Tuesday, August 19 2014 4:46 PM EDT2014-08-19 20:46:31 GMT
    The New York Islanders have announced that the team is being sold to a former Washington Capitals co-owner and a London-based investor.
    The New York Islanders are selling a minority stake of the team, with a former Washington Capitals co-owner and a London-based investor to become full owners in two years.
  • Audit: 'Obamacare' tax not meeting revenue target

    Audit: 'Obamacare' tax not meeting revenue target

    Tuesday, August 19 2014 4:46 PM EDT2014-08-19 20:46:06 GMT
    A government audit says an "Obamacare" tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it.
    An "Obamacare" tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday.
  • US stocks move higher; Home Depot rises

    US stocks move higher; Home Depot rises

    Tuesday, August 19 2014 4:14 PM EDT2014-08-19 20:14:13 GMT
    U.S. stocks are closing higher after investors got some encouraging news about home building and corporate earnings.
    U.S. stocks are closing higher after investors got some encouraging news about home building and corporate earnings.
  • UN urges exit screening for Ebola at some airports

    UN urges exit screening for Ebola at some airports

    Tuesday, August 19 2014 3:24 PM EDT2014-08-19 19:24:38 GMT
    The U.N. health agency is urging Ebola-affected countries to start screening all passengers leaving international airports, sea ports and major ground crossings.
    Ebola-affected countries should immediately begin exit screening all passengers leaving international airports, sea ports and major ground crossings, the U.N. health agency said on Monday.
  • Government wants to make cars talk to each other

    Government wants to make cars talk to each other

    Tuesday, August 19 2014 3:14 PM EDT2014-08-19 19:14:40 GMT
    The Obama administration says it wants to require that future cars and trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid collisions.
    The Obama administration said Monday it is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid...
  • Tips for parents: To post or not to post?

    Tips for parents: To post or not to post?

    Tuesday, August 19 2014 3:14 PM EDT2014-08-19 19:14:34 GMT
    Privacy-wary parents are increasingly pausing before they post photos, names and other information about their wee ones on social media. Some are choosing a complete blackout, while others opt for nicknames and a...
    Privacy-wary parents are increasingly pausing before they post photos, names and other information about their wee ones on social media. Some are choosing a complete blackout, while others opt for nicknames and a few...
  • Google's pivotal IPO launched a decade of big bets

    Google's pivotal IPO launched a decade of big bets

    Tuesday, August 19 2014 2:55 PM EDT2014-08-19 18:55:24 GMT
    Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.
    Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.
  • Q&A: How 1 US factory owner fought cheap imports

    Q&A: How 1 US factory owner fought cheap imports

    Tuesday, August 19 2014 2:36 PM EDT2014-08-19 18:36:24 GMT
    Much of U.S. manufacturing has been decimated in the past decade by less expensive imports from China, but it didn't necessarily have to be that way, according to a compelling new book by journalist Beth Macy.
    Much of U.S. manufacturing has been decimated in the past decade by less expensive imports from China, but it didn't necessarily have to be that way, according to a compelling new book by journalist Beth Macy.
  • Somalia TV sales grow as many avoid public places

    Somalia TV sales grow as many avoid public places

    Tuesday, August 19 2014 2:34 PM EDT2014-08-19 18:34:48 GMT
    Inside the small office, the line of sweating clients waiting to renew their satellite TV subscriptions keeps growing. Technicians crimp wires and test signal strength of boxes while others go to homes across the...
    Inside the small office, the line of sweating clients waiting to renew their satellite TV subscriptions keeps growing. Technicians crimp wires and test signal strength of boxes while others go to homes across the Somali...
  • US home construction jumps 15.7 percent in July

    US home construction jumps 15.7 percent in July

    Tuesday, August 19 2014 1:13 PM EDT2014-08-19 17:13:25 GMT
    U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
    U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.
  • US stocks move higher; Home Depot rises

    US stocks move higher; Home Depot rises

    Tuesday, August 19 2014 12:04 PM EDT2014-08-19 16:04:08 GMT
    U.S. stocks are moving higher in midday trading after investors got some encouraging news about home building and corporate earnings.
    U.S. stocks are moving higher in midday trading after investors got some encouraging news about home building and corporate earnings.
  • Container shipping rise bodes well for world trade

    Container shipping rise bodes well for world trade

    Tuesday, August 19 2014 12:04 PM EDT2014-08-19 16:04:06 GMT
    A.P. Moller-Maersk, a shipping company that investors monitor as a bellwether for world trade, lifted Tuesday its full-year earnings outlook after reporting that its second-quarter profits nearly tripled.
    The world's largest shipping company says it is sending more containers around world, a sign that global trade - and possibly economic growth - is picking up.
  • Thousands of intense earthquakes rock Iceland

    Thousands of intense earthquakes rock Iceland

    Tuesday, August 19 2014 11:15 AM EDT2014-08-19 15:15:18 GMT
    Thousands of small intense earthquakes are rocking Iceland amid concerns that one of the country's volcanoes may be close to erupting.
    Thousands of small intense earthquakes are rocking Iceland amid concerns that one of the country's volcanoes may be close to erupting.
  • Egypt picks consortium to draft Suez plan

    Egypt picks consortium to draft Suez plan

    Tuesday, August 19 2014 11:14 AM EDT2014-08-19 15:14:21 GMT
    Egypt has selected a Saudi consultancy to draw up the plan for the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones.
    Egypt selected a consortium of Egyptian and the Persian Gulf companies Tuesday to develop the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones,...
  • Home Depot 2Q profit climbs 14 percent

    Home Depot 2Q profit climbs 14 percent

    Tuesday, August 19 2014 11:13 AM EDT2014-08-19 15:13:49 GMT
    Home Depot Inc. (HD) on Tuesday reported profit that increased by 14 percent in its fiscal second quarter, and topped analysts' expectations.
    Home Depot's fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season.
  • McDonald's to sell packaged coffee nationally

    McDonald's to sell packaged coffee nationally

    Tuesday, August 19 2014 10:46 AM EDT2014-08-19 14:46:17 GMT
    McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants.
    McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants.
  • US stocks open higher; Home Depot rises

    US stocks open higher; Home Depot rises

    Tuesday, August 19 2014 9:43 AM EDT2014-08-19 13:43:59 GMT
    Better news on home building and corporate earnings are sending stocks higher.
    Better news on home building and corporate earnings are sending stocks higher.
  • Consumer prices edge up 0.1 percent in July

    Consumer prices edge up 0.1 percent in July

    Tuesday, August 19 2014 9:03 AM EDT2014-08-19 13:03:34 GMT
    U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices.
    U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices.
  • UK inflation rate falls more than expected

    UK inflation rate falls more than expected

    Tuesday, August 19 2014 5:43 AM EDT2014-08-19 09:43:29 GMT
    Britain's inflation rate fell more than expected in July, to 1.6 percent from 1.9 percent in June, easing pressure on the Bank of England as it weighs when to raise interest rates.
    Britain's inflation rate fell more than expected in July, to 1.6 percent from 1.9 percent in June, easing pressure on the Bank of England as it weighs when to raise interest rates.
  • Asia stocks rise after US gains, Ukraine diplomacy

    Asia stocks rise after US gains, Ukraine diplomacy

    Monday, August 18 2014 11:43 PM EDT2014-08-19 03:43:24 GMT
    By The Associated Press Asian stocks drifted Monday as caution lingered after markets tumbled at the end of last week on reports Ukraine destroyed a Russian military convoy that had entered its...
    Asian stocks were mostly higher Tuesday after U.S. markets rose on news of diplomatic efforts to broker a cease-fire in Ukraine.
  • 'Ninja Turtles' kicks out box-office competition

    'Ninja Turtles' kicks out box-office competition

    Monday, August 18 2014 6:34 PM EDT2014-08-18 22:34:44 GMT
    The reptile reboot "Teenage Mutant Ninja Turtles" held off a trio of new challengers at the weekend box office.
    The reptile reboot "Teenage Mutant Ninja Turtles" held off a trio of new challengers at the weekend box office.
  • Dollar General enters bidding for Family Dollar

    Dollar General enters bidding for Family Dollar

    Monday, August 18 2014 6:23 PM EDT2014-08-18 22:23:34 GMT
    There's now a bidding war for Family Dollar, with Dollar General offering about $9.7 billion for the discounter in an effort to trump Dollar Tree's bid.
    The nation's top dollar store chains are betting big that their once-thriving business will make a comeback if they band together.
  • New Corvette feature keeps an eye on valets

    New Corvette feature keeps an eye on valets

    Monday, August 18 2014 4:34 PM EDT2014-08-18 20:34:03 GMT
    Face it. If you own a luxury or sports car, whenever you hand the keys to a valet, you imagine the car going on a high-speed joyride like the Ferrari in the 1980s cult movie "Ferris Bueller's Day Off."
    Face it. If you own a luxury or sports car, whenever you hand the keys to a valet, you imagine the car going on a high-speed joyride like the Ferrari in the 1980s cult movie "Ferris Bueller's Day Off."
  • US stocks move higher; Dollar General jumps

    US stocks move higher; Dollar General jumps

    Monday, August 18 2014 4:23 PM EDT2014-08-18 20:23:33 GMT
    A bidding contest for a discount retailer and easing concerns about Ukraine helped send U.S. stock indexes higher.
    A bidding contest for a discount retailer and easing concerns about Ukraine helped send U.S. stock indexes higher.
  • PG&E pleads not guilty to charges in deadly blast

    PG&E pleads not guilty to charges in deadly blast

    Monday, August 18 2014 4:03 PM EDT2014-08-18 20:03:31 GMT
    Pacific Gas & Electric Co. has pleaded not guilty to charges in a new indictment that accuses the utility of lying to federal investigators looking into a fatal pipeline explosion in a San Francisco Bay Area...
    Pacific Gas & Electric Co. pleaded not guilty Monday to charges in a new indictment that accuses the utility of lying to federal investigators looking into a fatal pipeline explosion in a San Francisco Bay Area...
  • Iceland warns of possible volcanic eruption

    Iceland warns of possible volcanic eruption

    Monday, August 18 2014 3:54 PM EDT2014-08-18 19:54:25 GMT
    Iceland has raised its alert level for the risk of a possible volcanic eruption to orange -the second-most severe level.
    Iceland has raised its alert level for the risk of a possible volcanic eruption to orange -the second-most severe level.
  • NYC's Met opera reaches deals with 2 unions

    NYC's Met opera reaches deals with 2 unions

    Monday, August 18 2014 3:24 PM EDT2014-08-18 19:24:11 GMT
    New York's Metropolitan Opera has reached tentative labor deals with two of its largest unions while negotiations continue with 10 more unions in hopes of averting a lockout.
    New York's Metropolitan Opera reached tentative labor deals with two of its largest unions early Monday while negotiations continued with 10 more unions in hopes of averting a lockout.
  • USDA: Cost to raise child up slightly to $245,340

    USDA: Cost to raise child up slightly to $245,340

    Monday, August 18 2014 2:13 PM EDT2014-08-18 18:13:27 GMT
    A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she becomes an adult, with families living in the Northeast taking on a greater burden, according to a report out...
    A message for new parents: get ready for sticker shock.
  • McDonald's confronts its junk food image

    McDonald's confronts its junk food image

    Monday, August 18 2014 1:46 PM EDT2014-08-18 17:46:09 GMT
    At a dinner McDonald's hosted for reporters and bloggers, waiters served cuisine prepared by celebrity chefs using ingredients from the chain's menu.
    At a dinner McDonald's hosted for reporters and bloggers, waiters served cuisine prepared by celebrity chefs using ingredients from the chain's menu.
  • UK to pay Raytheon $373 million in tribunal ruling

    UK to pay Raytheon $373 million in tribunal ruling

    Monday, August 18 2014 1:13 PM EDT2014-08-18 17:13:56 GMT
    Britain's government says it will pay some 224 million pounds ($373 million) to defense firm Raytheon Systems Ltd. for unlawfully ending a contract for a program meant to collect information in advance about...
    Britain's government says it will pay some 224 million pounds ($373 million) to defense firm Raytheon Systems Ltd. for unlawfully ending a contract for a program meant to collect information in advance about passengers...
  • PriceWaterhouseCoopers to pay $25M in bank case

    PriceWaterhouseCoopers to pay $25M in bank case

    Monday, August 18 2014 12:54 PM EDT2014-08-18 16:54:04 GMT
    PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients in an agreement with New York regulators.
    PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients under an agreement with New York regulators following an investigation that showed the company improperly...
  • Unemployment rises in most US states in July

    Unemployment rises in most US states in July

    Monday, August 18 2014 12:33 PM EDT2014-08-18 16:33:56 GMT
    Unemployment rates rose in 30 U.S. states last month, even as employers in two-thirds of the states stepped up hiring. The trends reflect an increase in job-hunters nationwide as an improving economy has encouraged...
    Unemployment rates rose in 30 U.S. states last month, even as employers in two-thirds of the states stepped up hiring. The trends reflect an increase in job-hunters nationwide as an improving economy has encouraged more...
  • Russian hacking suspect ordered held until trial

    Russian hacking suspect ordered held until trial

    Monday, August 18 2014 12:07 PM EDT2014-08-18 16:07:01 GMT
    A federal judge ordered the son of a prominent Russian lawmaker on Friday to remain in custody until his trial on computer hacking charges, after a prosecutor said evidence recovered from his laptop after his...
    A federal judge on Friday ordered the son of a prominent Russian lawmaker to remain in custody until his trial on computer hacking charges, after a prosecutor said evidence recovered from his laptop after his arrest in the...
  • Alibaba film unit finds possible accounting issues

    Alibaba film unit finds possible accounting issues

    Monday, August 18 2014 12:06 PM EDT2014-08-18 16:06:52 GMT
    The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities.
    The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities.
  • Money laundering charge added to FedEx drug case

    Money laundering charge added to FedEx drug case

    Monday, August 18 2014 12:06 PM EDT2014-08-18 16:06:33 GMT
    Federal prosecutors say several addicts died soon after receiving shipments of illegal prescription drugs via FedEx.
    Federal prosecutors say several addicts died soon after receiving shipments of illegal prescription drugs via FedEx.
  • US stocks move higher; Family Dollar jumps

    US stocks move higher; Family Dollar jumps

    Monday, August 18 2014 12:04 PM EDT2014-08-18 16:04:44 GMT
    U.S. stocks are moving higher, following big gains in Europe and the latest moves in corporate dealmaking.
    U.S. stocks are moving higher, following big gains in Europe and the latest moves in corporate dealmaking.
  • US homebuilder confidence rises in August

    US homebuilder confidence rises in August

    Monday, August 18 2014 11:45 AM EDT2014-08-18 15:45:23 GMT
    By ALEX VEIGA AP Real Estate Writer U.S. homebuilders are feeling more confident in their sales prospects headed into next year, a sign that home construction and sales of newly built homes may...
    By ALEX VEIGA AP Real Estate Writer U.S. homebuilders are feeling more confident in their sales prospects headed into next year, a sign that home construction and sales of newly built homes may pick up...
  • Irish bonds yields hit record low after upgrade

    Irish bonds yields hit record low after upgrade

    Monday, August 18 2014 11:03 AM EDT2014-08-18 15:03:06 GMT
    Yields on Ireland's government bonds have fallen to record lows following a ratings upgrade, a stunning turnaround for a country that faced bankruptcy in 2010.
    Yields on Ireland's government bonds have fallen to record lows following a ratings upgrade, a stunning turnaround for a country that faced bankruptcy in 2010.
  • Scientists racing to test Ebola vaccines in humans

    Scientists racing to test Ebola vaccines in humans

    Monday, August 18 2014 10:54 AM EDT2014-08-18 14:54:00 GMT
    Scientists are racing to begin the first human safety tests of two experimental Ebola vaccines, but it won't be easy to prove that the shots and other potential treatments in the pipeline really work.
    Scientists are racing to begin the first human safety tests of two experimental Ebola vaccines, but it won't be easy to prove that the shots and other potential treatments in the pipeline really work.
  • US stocks open higher; Family Dollar jumps

    US stocks open higher; Family Dollar jumps

    Monday, August 18 2014 9:43 AM EDT2014-08-18 13:43:01 GMT
    U.S. stocks are opening higher, following gains in Europe.
    U.S. stocks are opening higher, following gains in Europe.
  • SeaWorld plans bigger killer whale environments

    SeaWorld plans bigger killer whale environments

    Monday, August 18 2014 7:43 AM EDT2014-08-18 11:43:01 GMT
    SeaWorld says will build new, larger environments for killer whales at its theme parks, and will fund additional research on the animals along with programs to protect ocean health and whales in the wild.
    After more than a year of public criticism of its treatment of killer whales, SeaWorld said Friday that it will build new, larger environments at its theme parks and will fund additional research on the animals along with...
  • Why global turmoil hasn't sunk US markets. Yet.

    Why global turmoil hasn't sunk US markets. Yet.

    Monday, August 18 2014 7:42 AM EDT2014-08-18 11:42:58 GMT
    Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak...
    Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in...
  • EU pledges $168m to offset Russia sanctions cost

    EU pledges $168m to offset Russia sanctions cost

    Monday, August 18 2014 7:12 AM EDT2014-08-18 11:12:35 GMT
    The European Commission is pledging 125 million euros ($168 million) to assist fruit and vegetable producers hit by Russia's ban on food imports from the 28-nation bloc.
    The European Commission is pledging 125 million euros ($168 million) to assist fruit and vegetable producers hit by Russia's ban on food imports from the 28-nation bloc.
  • China says Mercedes guilty of price abuses

    China says Mercedes guilty of price abuses

    Monday, August 18 2014 4:43 AM EDT2014-08-18 08:43:07 GMT
    China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the...
    China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.
  • Supervalu becomes latest to suffer data breach

    Supervalu becomes latest to suffer data breach

    Sunday, August 17 2014 8:52 PM EDT2014-08-18 00:52:16 GMT
    There's been a data breach at a number of Supervalu grocery stores, as well as at some of its stand-alone liquor shops.
    A data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states.
  • 'Turtles' tops weak debut for 'Expendables 3'

    'Turtles' tops weak debut for 'Expendables 3'

    Sunday, August 17 2014 3:54 PM EDT2014-08-17 19:54:53 GMT
    Moviegoers continued to shell out for "Teenage Mutant Ninja Turtles," while Sylvester Stallone's "The Expendables 3" was easily out-gunned in its weekend debut.
    Moviegoers continued to shell out for "Teenage Mutant Ninja Turtles," while Sylvester Stallone's action ensemble "The Expendables 3" was easily out-gunned in its weekend debut.
  • Liberia: Ebola fears rise as clinic is looted

    Liberia: Ebola fears rise as clinic is looted

    Sunday, August 17 2014 12:52 PM EDT2014-08-17 16:52:50 GMT
    The Kenyan government says it will prevent entry into Kenya of passengers traveling from and through the Ebola-stricken West African countries of Sierra Leone, Guinea and Liberia.
    Liberian officials fear Ebola could soon spread through the capital's largest slum after residents raided a quarantine center for suspected patients and took items including bloody sheets and mattresses.
  • Bourbon production reaches high point since '70s

    Bourbon production reaches high point since '70s

    Sunday, August 17 2014 11:14 AM EDT2014-08-17 15:14:45 GMT
    In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation.
    In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation.
  • Foreign holdings of Treasury debt top $6 trillion

    Foreign holdings of Treasury debt top $6 trillion

    Sunday, August 17 2014 10:52 AM EDT2014-08-17 14:52:32 GMT
    Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time.
    Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time.
  • Three-wheeled Elio gets closer to going on sale

    Three-wheeled Elio gets closer to going on sale

    Sunday, August 17 2014 10:52 AM EDT2014-08-17 14:52:28 GMT
    Your next commuter car could have two seats, three wheels and get 84 miles to the gallon.
    Your next commuter car could have two seats, three wheels and get 84 miles to the gallon.
  • US factory output surges in July

    US factory output surges in July

    Sunday, August 17 2014 10:52 AM EDT2014-08-17 14:52:01 GMT
    U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals.
    U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals.
  • US producer prices rise just 0.1 percent in July

    US producer prices rise just 0.1 percent in July

    Sunday, August 17 2014 10:51 AM EDT2014-08-17 14:51:59 GMT
    Falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check.
    Falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check.
  • Study questions need for most people to cut salt

    Study questions need for most people to cut salt

    Sunday, August 17 2014 10:23 AM EDT2014-08-17 14:23:28 GMT
    By MARILYNN MARCHIONE AP Chief Medical Writer A large international study questions the conventional wisdom that most people should cut back on salt, suggesting that the amount most folks consume...
    By MARILYNN MARCHIONE AP Chief Medical Writer A large international study questions the conventional wisdom that most people should cut back on salt, suggesting that the amount most folks consume is OK...
  • Online sites shake up hidebound retailing in India

    Online sites shake up hidebound retailing in India

    Sunday, August 17 2014 9:42 AM EDT2014-08-17 13:42:35 GMT
    Finding a way into India's vast but vexing market has long frustrated foreign retailers. Now, overseas investors are pouring billions of dollars into e-commerce ventures that are circumventing the barriers...
    Finding a way into India's vast but vexing market has long frustrated foreign retailers. Now, overseas investors are pouring billions of dollars into e-commerce ventures that are circumventing the barriers holding back...
  • '62 Ferrari sold at auction for $34 million

    '62 Ferrari sold at auction for $34 million

    Sunday, August 17 2014 7:32 AM EDT2014-08-17 11:32:27 GMT
    A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million.
    A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million.
  • Feds close probe of refinery blast that killed 7

    Feds close probe of refinery blast that killed 7

    Sunday, August 17 2014 7:32 AM EDT2014-08-17 11:32:06 GMT
    The U.S. Justice Department said Friday it will file no criminal charges following a four-year investigation into the April 2010 explosion that killed seven workers at the Tesoro Corp. refinery in Anacortes.
    The U.S. Justice Department said Friday it will file no criminal charges following a four-year investigation into the April 2010 explosion that killed seven workers at the Tesoro Corp. refinery in Anacortes.
  • Renewed fighting in Ukraine rattles stocks

    Renewed fighting in Ukraine rattles stocks

    Sunday, August 17 2014 7:32 AM EDT2014-08-17 11:32:02 GMT
    Asian stock markets were mostly higher Thursday, with Australia's benchmark leading gains on a crop of healthy earnings reports.
    Renewed fighting in Ukraine rattled markets on Friday. Reports that Ukrainian forces attacked Russian military vehicles that had crossed the border knocked stock markets down in the afternoon and sent traders into the...
  • John Kerry talks Asian relationships, trade pact

    John Kerry talks Asian relationships, trade pact

    Sunday, August 17 2014 6:52 AM EDT2014-08-17 10:52:24 GMT
    U.S. Secretary of State John Kerry's address to Hawaii's East-West Center think tank this week drew attention primarily for its focus on the need for a constructive relationship with China to ensure...
    U.S. Secretary of State John Kerry's address to Hawaii's East-West Center think tank this week drew attention primarily for its focus on the need for a constructive relationship with China to ensure regional peace...
  • More Clinton-Obama differences likely to emerge

    More Clinton-Obama differences likely to emerge

    Sunday, August 17 2014 6:15 AM EDT2014-08-17 10:15:24 GMT
    Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks...
    Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks could be...
  • Deadline to clear up health law eligibility near

    Deadline to clear up health law eligibility near

    Saturday, August 16 2014 10:40 AM EDT2014-08-16 14:40:22 GMT
    The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new health care law.
    The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new health care law.
  • USDA: Puppy imports must be healthy, 6 months old

    USDA: Puppy imports must be healthy, 6 months old

    Friday, August 15 2014 8:01 PM EDT2014-08-16 00:01:24 GMT
    Foreign dog breeders have gone unregulated for years, shipping puppies so young and so sick that one in four died before reaching a U.S. airport, animal welfare workers say.
    Foreign dog breeders have gone unregulated for years, shipping puppies so young and so sick that one in four died before reaching a U.S. airport, animal welfare workers say.
  • Clinton's break with Obama on Syria _ what's next

    Clinton's break with Obama on Syria _ what's next

    Friday, August 15 2014 6:11 PM EDT2014-08-15 22:11:22 GMT
    Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks...
    Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks could be...
  • Jeb Bush lends political star power to Rick Scott

    Jeb Bush lends political star power to Rick Scott

    Friday, August 15 2014 5:22 PM EDT2014-08-15 21:22:40 GMT
    Jeb Bush is lending his political star power to embattled Florida Gov. Rick Scott, who is locked in a tight race for re-election in the nation's largest swing-voting state.
    Jeb Bush is lending his political star power to embattled Florida Gov. Rick Scott, who is locked in a tight race for re-election in the nation's largest swing-voting state.
  • Stocks overcome a midday tumble on Ukraine

    Stocks overcome a midday tumble on Ukraine

    Friday, August 15 2014 4:20 PM EDT2014-08-15 20:20:01 GMT
    The stock market recovered from a midday swoon caused by the latest worries over Ukraine and ended little changed.
    The stock market recovered from a midday swoon caused by the latest worries over Ukraine and ended little changed.
  • Amazon debuts mobile payment app and card reader

    Amazon debuts mobile payment app and card reader

    Friday, August 15 2014 1:52 PM EDT2014-08-15 17:52:28 GMT
    Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments...
    Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through...
  • Reports of fighting in Ukraine erase stock gain

    Reports of fighting in Ukraine erase stock gain

    Friday, August 15 2014 12:02 PM EDT2014-08-15 16:02:03 GMT
    Reports of renewed fighting in Ukraine are sending stocks lower in midday trading.
    Reports of renewed fighting in Ukraine are sending stocks lower in midday trading.
  • Hungary: Sanctions on Russia more damaging to West

    Hungary: Sanctions on Russia more damaging to West

    Friday, August 15 2014 9:50 AM EDT2014-08-15 13:50:07 GMT
    Hungary's prime minister said the West is "shooting itself in the foot" with inadequately thought through economic sanctions against Russia.
    Hungary's prime minister said the West is "shooting itself in the foot" with inadequately thought through economic sanctions against Russia.
  • US stocks open higher, head for weekly gain

    US stocks open higher, head for weekly gain

    Friday, August 15 2014 9:39 AM EDT2014-08-15 13:39:52 GMT
    U.S. stocks are opening higher as the market heads for a solid weekly gain.
    U.S. stocks are opening higher as the market heads for a solid weekly gain.
  • Lehman unsecured creditors to get distribution

    Lehman unsecured creditors to get distribution

    Friday, August 15 2014 9:39 AM EDT2014-08-15 13:39:50 GMT
    Unsecured general creditors of Lehman Brothers will get $4.6 billion in a first interim distribution next month.
    Unsecured general creditors of Lehman Brothers will get $4.6 billion in their first round of payouts from the bankrupt investment bank next month.
  • Lake body may be suspected Liechtenstein shooter

    Lake body may be suspected Liechtenstein shooter

    Friday, August 15 2014 6:09 AM EDT2014-08-15 10:09:49 GMT
    Police say a body found drifting in Lake Constance may be that of a former Liechtenstein fund manager suspected of fatally shooting a bank's chief executive earlier this year.
    Police say a body found drifting in Lake Constance may be that of a former Liechtenstein fund manager suspected of fatally shooting a bank's chief executive earlier this year.
  • Billionaire Berggruen drops stake in German chain

    Billionaire Berggruen drops stake in German chain

    Friday, August 15 2014 4:49 AM EDT2014-08-15 08:49:21 GMT
    German-American billionaire Nicolas Berggruen has given up his stake in Germany's Karstadt department store chain after failing to turn the ailing company around.
    German-American billionaire Nicolas Berggruen has given up his stake in Germany's Karstadt department store chain after failing to turn the ailing company around.
  • Apple bans use of 2 chemicals in iPhone assembly

    Apple bans use of 2 chemicals in iPhone assembly

    Friday, August 15 2014 1:39 AM EDT2014-08-15 05:39:48 GMT
    Apple is banning the use of two potentially hazardous chemicals during in the final assembly of iPhones and iPads as part of the company's latest commitment to protect factory workers who build its trendy devices.
    Apple is banning the use of two potentially hazardous chemicals during the final assembly of iPhones and iPads as part of the company's latest commitment to protect the factory workers who build its trendy devices.
  • China panel fires adviser over Qualcomm tie

    China panel fires adviser over Qualcomm tie

    Friday, August 15 2014 1:39 AM EDT2014-08-15 05:39:44 GMT
    Chinese state media say a panel that advises the Cabinet on anti-monopoly policy has fired a researcher who helped to prepare a report for Qualcomm, a U.S. company that is the target of an anti-monopoly investigation.
    A panel that advises China's Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation, according to state...
  • Pope makes tough sell on materialism in SKorea

    Pope makes tough sell on materialism in SKorea

    Friday, August 15 2014 12:12 AM EDT2014-08-15 04:12:38 GMT
    Pope Francis has arrived in South Korea on a visit meant to beatify 124 Korean martyrs and encourage the faithful in a church seen as a model for the future of Catholicism.
    Pope Francis urged Catholic youth on Friday to renounce the materialism that afflicts much of Asian society today and reject "inhuman" economic systems that disenfranchise the poor, pressing his economic agenda in one of...
  • Challengers line up Wyoming's US senator

    Challengers line up Wyoming's US senator

    Friday, August 15 2014 12:09 AM EDT2014-08-15 04:09:51 GMT
    Sen. Mike Enzi says his son didn't benefit from the senator's position in landing a job with a company that received almost $10 million from the U.S. Department of Energy to develop a carbon-capture project...
    Sen. Mike Enzi said his son didn't benefit from the senator's position in landing a job with a company that received almost $10 million from the U.S. Department of Energy to develop a carbon-capture project that...
  • Sentencing panel to weigh economic crime penalties

    Sentencing panel to weigh economic crime penalties

    Thursday, August 14 2014 9:59 PM EDT2014-08-15 01:59:53 GMT
    The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of nonviolent drug offenders. Now, defense lawyers and prisoner advocates are pushing for similar treatment...
    The federal panel that sets sentencing policy announced Thursday that it plans in the coming year to consider changes to sentencing guidelines for some white-collar crimes.
  • Cisco to lay off up to 6,000 workers

    Cisco to lay off up to 6,000 workers

    Thursday, August 14 2014 7:10 PM EDT2014-08-14 23:10:15 GMT
    Cisco says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring.
    Cisco said Wednesday that it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring.
  • Coca-Cola bets on energy drinks with Monster stake

    Coca-Cola bets on energy drinks with Monster stake

    Thursday, August 14 2014 6:20 PM EDT2014-08-14 22:20:32 GMT
    Coca-Cola is buying a 16.7 percent stake in Monster Beverage for $2.15 billion, with the world's biggest soda maker hoping to benefit from the rapid growth of energy drinks in recent years.
    Coca-Cola is buying a 16.7 percent stake in Monster Beverage for $2.15 billion, with the world's biggest soda maker hoping to benefit from the surging popularity of energy drinks.
  • Wal-Mart cuts profit outlook

    Wal-Mart cuts profit outlook

    Thursday, August 14 2014 5:41 PM EDT2014-08-14 21:41:55 GMT
    Wal-Mart Stores Inc. (WMT) on Thursday eked out a 0.6 percent profit increase in its fiscal second quarter. The results matched analysts' expectations.
    Wal-Mart Stores Inc. cut its annual profit outlook on Thursday amid sluggish sales, higher-than-expected health care costs and the need to invest more in its e-commerce operations.
  • Berkshire Hathaway stock tops $200,000

    Berkshire Hathaway stock tops $200,000

    Thursday, August 14 2014 5:22 PM EDT2014-08-14 21:22:15 GMT
    The stock price of Warren Buffett's Berkshire Hathaway company has topped $200,000 for the first time.
    Naysayers have been calling shares of Warren Buffett's company overpriced for decades.
  • Stores have a solid start to back-to-school season

    Stores have a solid start to back-to-school season

    Thursday, August 14 2014 5:21 PM EDT2014-08-14 21:21:29 GMT
    The back-to-school shopping season is off to a promising start, but retailers may be sacrificing profit for sales.
    The back-to-school shopping season is off to a promising start, but retailers may be sacrificing profit for sales.
  • NY Fed: US auto loans soar to highest in 8 years

    NY Fed: US auto loans soar to highest in 8 years

    Thursday, August 14 2014 5:20 PM EDT2014-08-14 21:20:14 GMT
    New U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers.
    U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York.
  • JC Penney posts narrower 2Q loss, sales rise

    JC Penney posts narrower 2Q loss, sales rise

    Thursday, August 14 2014 4:49 PM EDT2014-08-14 20:49:40 GMT
    J.C. Penney Co. (JCP) on Thursday reported a narrower loss in its fiscal second quarter, and topped analysts' expectations.
    J.C. Penney Co. (JCP) reported a narrower loss for its second quarter that beat Wall Street expectations.
  • NewLink Genetics: Ready to test Ebola vaccine

    NewLink Genetics: Ready to test Ebola vaccine

    Thursday, August 14 2014 4:31 PM EDT2014-08-14 20:31:58 GMT
    By The Associated Press An Iowa drug developer says it has enough doses of a possible vaccine for the deadly Ebola virus to launch an initial round of human testing.
    By TOM MURPHY AP Business Writer An Iowa drug developer is preparing to test a possible Ebola vaccine in humans, as scientists race to develop ways to prevent or fight a virus that has killed more than...
  • GE in talks to sell historic appliance division

    GE in talks to sell historic appliance division

    Thursday, August 14 2014 4:31 PM EDT2014-08-14 20:31:54 GMT
    General Electric confirmed that it is considering the sale of its historic appliance division as part of its effort to focus on selling more complex and more profitable industrial equipment.
    General Electric confirmed that it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment.
  • US stocks move higher following earnings news

    US stocks move higher following earnings news

    Thursday, August 14 2014 4:19 PM EDT2014-08-14 20:19:57 GMT
    The U.S. stock market is closing slightly higher following some strong corporate earnings.
    The U.S. stock market is closing slightly higher following some strong corporate earnings.
  • Illinois company is latest to test market for carp

    Illinois company is latest to test market for carp

    Thursday, August 14 2014 1:39 PM EDT2014-08-14 17:39:11 GMT
    An Illinois company is the latest to test whether private enterprise can help reduce invasive species by turning them into food.
    When they arrive at the processing plant, the fish that have been cursed as a menace to American lakes and rivers are raked onto a conveyer belt, some of them still flopping.
  • Eurozone recovery grinds to halt amid Ukraine fear

    Eurozone recovery grinds to halt amid Ukraine fear

    Thursday, August 14 2014 1:09 PM EDT2014-08-14 17:09:36 GMT
    Europe's shaky economic recovery ground to a halt in the second quarter amid fears over the crisis in Ukraine and softer trade and investment.
    Well, that didn't last long.
  • Shell sells shale gas rights for $2.1 billion

    Shell sells shale gas rights for $2.1 billion

    Thursday, August 14 2014 12:19 PM EDT2014-08-14 16:19:34 GMT
    By JONATHAN FAHEY AP Energy Writer Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
    By JONATHAN FAHEY AP Energy Writer Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
  • US stocks move higher following earnings news

    US stocks move higher following earnings news

    Thursday, August 14 2014 12:09 PM EDT2014-08-14 16:09:29 GMT
    The U.S. stock market is rising modestly in midday trading following a batch of earnings and corporate news.
    The U.S. stock market is rising modestly in midday trading following a batch of earnings and corporate news.
  • US fund says no deal to end Argentina default

    US fund says no deal to end Argentina default

    Thursday, August 14 2014 11:49 AM EDT2014-08-14 15:49:25 GMT
    Negotiations on a private-sector deal to end the battle that triggered a default by Argentina have apparently ended without success.
    Negotiations have apparently ended without success on a private-sector deal to end the legal battle that forced Argentina into default last month for the second time in 13 years.
  • Shell sells shale gas rights for $2.1 billion

    Shell sells shale gas rights for $2.1 billion

    Thursday, August 14 2014 11:19 AM EDT2014-08-14 15:19:22 GMT
    Royal Dutch Shell says it has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
    By JONATHAN FAHEY AP Energy Writer Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
  • Average US 30-year mortgage rate at 4.12 percent

    Average US 30-year mortgage rate at 4.12 percent

    Thursday, August 14 2014 11:01 AM EDT2014-08-14 15:01:22 GMT
    Average long-term U.S. mortgage rates declined this week, approaching their lows for the year.
    Average long-term U.S. mortgage rates declined this week, approaching their lows for the year.
  • US stocks open higher following earnings news

    US stocks open higher following earnings news

    Thursday, August 14 2014 9:49 AM EDT2014-08-14 13:49:19 GMT
    The U.S. stock market is rising modestly in early trading following a batch of earnings and corporate news.
    The U.S. stock market is rising modestly in early trading following a batch of earnings and corporate news.
  • US jobless aid applications rise to 311,000

    US jobless aid applications rise to 311,000

    Thursday, August 14 2014 9:09 AM EDT2014-08-14 13:09:11 GMT
    More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.
    More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels.
  • Berlin taxi drivers hail city's Uber ban

    Berlin taxi drivers hail city's Uber ban

    Thursday, August 14 2014 9:00 AM EDT2014-08-14 13:00:48 GMT
    Berlin taxi drivers are celebrating a decision by authorities to ban the ridesharing service Uber from operating in the city.
    Berlin taxi drivers were celebrating Thursday after authorities banned the ridesharing service Uber from operating in the city because of safety concerns.
  • French economy stagnates in 2nd quarter

    French economy stagnates in 2nd quarter

    Thursday, August 14 2014 3:19 AM EDT2014-08-14 07:19:28 GMT
    France's economy stagnated in the second quarter, leaving President Francois Hollande increasingly desperate to fulfill his two-year-old pledge to get the country growing again.
    France's economy stagnated in the second quarter, leaving President Francois Hollande increasingly desperate to fulfill his two-year-old pledge to get the country growing again.
  • Germany's economy losing momentum

    Germany's economy losing momentum

    Thursday, August 14 2014 2:39 AM EDT2014-08-14 06:39:01 GMT
    Germany's economy contracted by 0.2 percent in the second quarter of 2014, losing momentum after a robust first quarter which was helped by the mild winter.
    Germany's economy contracted by 0.2 percent in the second quarter of 2014, losing momentum after a robust first quarter which was helped by the mild winter.
  • Australian stocks lead Asia on healthy earnings

    Australian stocks lead Asia on healthy earnings

    Thursday, August 14 2014 12:01 AM EDT2014-08-14 04:01:35 GMT
    Global stock markets overcame a contraction in Japan's economy and jitters about Ukraine and Iraq to mostly rise Wednesday, but analysts said new geopolitical developments would likely make for volatile trading.
    Asian stock markets were mostly higher Thursday, with Australia's benchmark leading gains on a crop of healthy corporate earnings reports.
  • Burger King nixes lower-calorie 'Satisfries'

    Burger King nixes lower-calorie 'Satisfries'

    Wednesday, August 13 2014 6:29 PM EDT2014-08-13 22:29:04 GMT
    Burger King is getting rid of the lower-calorie french fries it introduced less than a year ago.
    Burger King is getting rid of its lower-calorie french fries at most restaurants after less than a year.
  • Mexico: State firm gets 83 percent of oil reserves

    Mexico: State firm gets 83 percent of oil reserves

    Wednesday, August 13 2014 6:08 PM EDT2014-08-13 22:08:50 GMT
    Mexico's state-owned oil company will retain rights to exploit 83 percent of the country's proven and probable reserves, but could form alliances with private firms in some of those fields.
    Mexico's state-owned oil company will retain rights to exploit 83 percent of the country's proven and probable reserves under the newly enacted opening of the energy business, although the company will form...
  • Correction: Postal Service-Losses story

    Correction: Postal Service-Losses story

    Wednesday, August 13 2014 5:31 PM EDT2014-08-13 21:31:57 GMT
    The U.S. Postal Service says it lost $2 billion this spring despite increasing its volume and charging consumers more money to send mail.
    In a story Aug. 11 about U.S. Postal Service Revenues, The Associated Press reported erroneously that the agency blamed its $2 billion loss for the quarter ending June 30 on increases in compensation and benefit costs....
  • Revel casino still talking with potential bidders

    Revel casino still talking with potential bidders

    Wednesday, August 13 2014 5:19 PM EDT2014-08-13 21:19:53 GMT
    When the pressure of an oversaturated market became unbearable this year, some of Atlantic City's oldest casinos either closed their doors or announced plans to do so.
    A day after announcing it will shut down next month, Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers.
  • Stanford professor 1st woman to win top math prize

    Stanford professor 1st woman to win top math prize

    Wednesday, August 13 2014 5:19 PM EDT2014-08-13 21:19:50 GMT
    An Iranian-born Stanford University professor is the first woman to win math's highest honor, the Fields Medal.
    An Iranian-born Stanford University professor is the first woman to win math's highest honor, the Fields Medal.
  • Lighter sentences sought for some business crimes

    Lighter sentences sought for some business crimes

    Wednesday, August 13 2014 5:19 PM EDT2014-08-13 21:19:35 GMT
    The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of drug prisoners. Now defense lawyers hope white-collar criminals could be next in line to benefit.
    The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of nonviolent drug offenders. Now, defense lawyers and prisoner advocates are pushing for similar treatment for a...
  • Study: Keystone carbon pollution more than figured

    Study: Keystone carbon pollution more than figured

    Wednesday, August 13 2014 5:09 PM EDT2014-08-13 21:09:51 GMT
    The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes.
    The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes.
  • US stocks close higher; Amazon gains, Macy's drops

    US stocks close higher; Amazon gains, Macy's drops

    Wednesday, August 13 2014 4:18 PM EDT2014-08-13 20:18:31 GMT
    Technology and health care companies are helping U.S. stocks close higher, despite a mixed batch of economic news and a pullback in Japan's economy.
    Technology and health care companies are helping U.S. stocks close higher, despite a mixed batch of economic news and a pullback in Japan's economy.
  • App to hail taxis, limos launches in Las Vegas

    App to hail taxis, limos launches in Las Vegas

    Wednesday, August 13 2014 4:08 PM EDT2014-08-13 20:08:37 GMT
    Las Vegas visitors can now hail a ride from a taxi or limo company using their smartphone.
    Las Vegas visitors can now hail a ride from a taxi or limo company using their smartphone, even if they can't use the popular ridesharing apps available in many other U.S. cities.
  • Apple's tech jobs held mostly by white, Asian men

    Apple's tech jobs held mostly by white, Asian men

    Wednesday, August 13 2014 4:02 PM EDT2014-08-13 20:02:43 GMT
    Apple's high-paying technology jobs are primarily filled by white and Asian men, just like its industry peers.
    Apple primarily relies on white and Asian men for its top-paying technology jobs, feeding the perception that Silicon Valley's economic boom is largely excluding women, blacks and Hispanics.
  • Deere takes a hit as farm economy weakens

    Deere takes a hit as farm economy weakens

    Wednesday, August 13 2014 2:18 PM EDT2014-08-13 18:18:19 GMT
    Deere's third-quarter profit fell 15 percent and the farming equipment maker thinks the same weak sales in the U.S., Canada and abroad will cut into earnings for the year.
    Deere's profit slumped 15 percent in the third quarter and the farming equipment maker, seeing weak sales ahead, trimmed its outlook and will cut production.
  • Decision could boost use of popular weed killer

    Decision could boost use of popular weed killer

    Wednesday, August 13 2014 1:48 PM EDT2014-08-13 17:48:29 GMT
    Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide - and on genetically modified seeds to grow crops designed...
    Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide - and on genetically modified seeds to grow crops designed to resist...
  • Macy's 2Q profit falls short; sales outlook cut

    Macy's 2Q profit falls short; sales outlook cut

    Wednesday, August 13 2014 12:18 PM EDT2014-08-13 16:18:37 GMT
    Macy's Inc. (M) on Wednesday reported a 4 percent increase in earnings in its fiscal second quarter as business rebounded from slow sales earlier in the year.
    Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year.
  • US indexes move higher; Amazon gains, Macy's drops

    US indexes move higher; Amazon gains, Macy's drops

    Wednesday, August 13 2014 12:08 PM EDT2014-08-13 16:08:26 GMT
    Stocks are moving higher in midday trading, bringing the Dow Jones industrial average back into the black for the year.
    Stocks are moving higher in midday trading, bringing the Dow Jones industrial average back into the black for the year.
  • Amazon debuts mobile payment app and card reader

    Amazon debuts mobile payment app and card reader

    Wednesday, August 13 2014 10:31 AM EDT2014-08-13 14:31:49 GMT
    Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments...
    Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through...
  • US businesses boosted stockpiles 0.4 pct. in June

    US businesses boosted stockpiles 0.4 pct. in June

    Wednesday, August 13 2014 10:30 AM EDT2014-08-13 14:30:42 GMT
    U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months.
    U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months.
  • Greek economy contracts at slowest rate since 2008

    Greek economy contracts at slowest rate since 2008

    Wednesday, August 13 2014 10:18 AM EDT2014-08-13 14:18:35 GMT
    Greece's economy is shrinking at its slowest rate in nearly six years.
    Greece's economy is shrinking at its slowest rate in nearly six years, official figures showed Wednesday, reinforcing hopes that the end of the country's punishing recession is in sight.
  • Report: White House didn't OK immigrant releases

    Report: White House didn't OK immigrant releases

    Wednesday, August 13 2014 10:11 AM EDT2014-08-13 14:11:15 GMT
    Government officials decided to release more than 2,000 immigrants facing deportation in 2013 strictly for budget reasons and didn't tell the Homeland Security secretary about the plan, according to an...
    More than 2,000 immigrants facing deportation in 2013 were released strictly for budget reasons by immigration agency officials who kept the homeland security secretary in the dark about the plan, according to a federal...
  • Athens Olympics leave mixed legacy, 10 years later

    Athens Olympics leave mixed legacy, 10 years later

    Wednesday, August 13 2014 10:08 AM EDT2014-08-13 14:08:40 GMT
    In an obscure corner of a park sits a forlorn reminder that, 10 years ago, Athens hosted the 2004 Summer Olympics. The crumbling miniature theater is inscribed with the words "glory, wealth, wisdom, victory,...
    In an obscure corner of a park sits a forlorn reminder that, 10 years ago, Athens hosted the 2004 Summer Olympics. The crumbling miniature theater is inscribed with the words "glory, wealth, wisdom, victory, triumph, hero,...
  • US indexes open higher; Amazon gains, Macy's drops

    US indexes open higher; Amazon gains, Macy's drops

    Wednesday, August 13 2014 10:01 AM EDT2014-08-13 14:01:21 GMT
    U.S. stocks are opening modestly higher as global markets overcame a contraction in Japan's economy.
    U.S. stocks are opening modestly higher as global markets overcame a contraction in Japan's economy.
  • Insurer WellPoint plans name change to Anthem

    Insurer WellPoint plans name change to Anthem

    Wednesday, August 13 2014 10:00 AM EDT2014-08-13 14:00:33 GMT
    WellPoint, one of the biggest players on the health care overhaul's new insurance exchanges, wants to switch its corporate name back to the Anthem brand its customers know by the end of this year.
    WellPoint, one of the biggest players on the health care overhaul's new insurance exchanges, wants to switch its corporate name back to the Anthem brand its customers know by the end of this year.
  • US retail sales flat in July

    US retail sales flat in July

    Wednesday, August 13 2014 9:18 AM EDT2014-08-13 13:18:25 GMT
    U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains.
    U.S. retail sales were essentially flat in July, providing evidence that consumers have yet to shed their doubts about the economy despite recent job gains.
  • Bank of England cautions on UK wage growth

    Bank of England cautions on UK wage growth

    Wednesday, August 13 2014 7:59 AM EDT2014-08-13 11:59:29 GMT
    The Bank of England has modestly upgraded it growth forecast for the U.K. this year but cautioned over the failure of wages to keep pace with the projected expansion.
    The Bank of England modestly upgraded its growth forecast for the U.K. on Wednesday but signaled its concerns over the failure of wages, which are actually falling for the first time since 2009, to keep track with the...
  • Busted: 5 Myths about Facebook's messenger app

    Busted: 5 Myths about Facebook's messenger app

    Wednesday, August 13 2014 6:28 AM EDT2014-08-13 10:28:41 GMT
    Facebook's recent effort to force people to adopt its standalone mobile messaging app has privacy-concerned users up in arms. Many of them believe the app is especially invasive.
    Facebook's recent effort to force people to adopt its standalone mobile messaging app has privacy-concerned users up in arms. Many of them believe the app is especially invasive.
  • Japan's economy shrinks as tax hike hits spending

    Japan's economy shrinks as tax hike hits spending

    Wednesday, August 13 2014 1:07 AM EDT2014-08-13 05:07:52 GMT
    The Japanese economy shrank during the second quarter, at an annual pace of 6.8 percent, according to government data, as spending got slammed by a tax raise that kicked in from April.
    The Japanese economy shrank at an annual pace of 6.8 percent in the second quarter after spending got slammed by a sales tax hike that kicked in from April, government figures showed Wednesday.
  • Asia stocks drift as Iraq, Ukraine tensions simmer

    Asia stocks drift as Iraq, Ukraine tensions simmer

    Wednesday, August 13 2014 12:57 AM EDT2014-08-13 04:57:51 GMT
    Asia stocks rose Monday as subdued Chinese inflation, a rebound by Japanese markets and the latest easing of tensions over Ukraine helped offset unease about Iraq.
    Asian stocks drifted on Wednesday as investors remained cautious amid uncertainty over potential conflict in Ukraine and Iraq plus new numbers showing a slowdown in Japan's economy.
  • Record crops predicted; farmers market carefully

    Record crops predicted; farmers market carefully

    Tuesday, August 12 2014 10:58 PM EDT2014-08-13 02:58:23 GMT
    Farmers will produce a record-breaking corn harvest this year, surpassing earlier expectations of the U.S. Department of Agriculture, which has revised upward its estimate of this year's corn harvest to 14...
    Farmers will produce a record-breaking corn harvest this year, surpassing earlier expectations of the U.S. Department of Agriculture, which on Tuesday revised upward its estimate of this year's corn crop to 14 billion...
  • Flooding slows production at Detroit automakers

    Flooding slows production at Detroit automakers

    Tuesday, August 12 2014 7:01 PM EDT2014-08-12 23:01:10 GMT
    Record-setting rainfall in the Detroit area has slowed vehicle production.
    Record-setting rainfall in the Detroit area has slowed vehicle production, automakers said Tuesday.
  • Creditor opposes Detroit debt plan, says scrap it

    Creditor opposes Detroit debt plan, says scrap it

    Tuesday, August 12 2014 6:30 PM EDT2014-08-12 22:30:27 GMT
    A major Detroit creditor is objecting to the bankrupt city's debt restructuring plan, saying it should be scrapped before trial.
    A major Detroit creditor on Tuesday objected to the bankrupt city's plan to wipe out or reduce billions of dollars in debt, saying it should be scrapped before a trial scheduled to start next week.
  • Watchdog: Officials didn't OK immigrant releases

    Watchdog: Officials didn't OK immigrant releases

    Tuesday, August 12 2014 5:50 PM EDT2014-08-12 21:50:40 GMT
    The Obama administration wrongly denied for weeks in 2013 that it had released more than 2,000 immigrants from jails because lower-ranking government officials failed to notify the Homeland Security secretary they...
    The Obama administration wrongly denied for weeks in 2013 that it had released more than 2,000 immigrants from jails because lower-ranking government officials failed to notify the Homeland Security secretary they were...
  • Deadline to clear up health law eligibility near

    Deadline to clear up health law eligibility near

    Tuesday, August 12 2014 4:50 PM EDT2014-08-12 20:50:54 GMT
    The administration is warning hundreds of thousands of consumers they risk losing taxpayer-subsidized health insurance unless they act quickly to resolve issues about their citizenship and immigration status.
    Hundreds of thousands of people who signed up under the new health care law risk losing their taxpayer-subsidized insurance unless they act quickly to resolve questions about their citizenship or immigration status. The...
  • Atlantic City's Revel Casino to close in September

    Atlantic City's Revel Casino to close in September

    Tuesday, August 12 2014 4:37 PM EDT2014-08-12 20:37:55 GMT
    Atlantic City's Revel Casino Hotel will shut down next month after failing to find a buyer in bankruptcy court, company officials announced Tuesday
    When it opened just over two years ago, many people hoped Revel would save Atlantic City's struggling casino industry, which has been bleeding money and jobs for years.
  • US stocks move lower in quiet trade

    US stocks move lower in quiet trade

    Tuesday, August 12 2014 4:31 PM EDT2014-08-12 20:31:17 GMT
    Stocks are closing lower following two days of gains as investors focus on problems in Ukraine and Iraq.
    Stocks are closing lower following two days of gains as investors focus on problems in Ukraine and Iraq.
  • FDA approves lung preservation machine

    FDA approves lung preservation machine

    Tuesday, August 12 2014 3:40 PM EDT2014-08-12 19:40:37 GMT
    Federal health regulators have approved a novel device for preserving donated lungs outside the body for possible transplantation into critically ill patients.
    Federal health regulators have approved a novel device that can preserve donated lungs outside the body for possible transplantation into critically ill patients.
  • Wal-Mart: Try, try again

    Wal-Mart: Try, try again

    Tuesday, August 12 2014 3:19 PM EDT2014-08-12 19:19:15 GMT
    NEW YORK - Wal-Mart thought shoppers would jump at the opportunity to use a smartphone app to scan items they want to buy as they walk through store aisles. In theory, they could speed through self-checkout.
    Wal-Mart thought shoppers would like the opportunity to use a smartphone app to scan items they want to buy as they walk through store aisles. In theory, they could speed through self-checkout.
  • Mexico says mine slow to report huge acid spill

    Mexico says mine slow to report huge acid spill

    Tuesday, August 12 2014 3:07 PM EDT2014-08-12 19:07:44 GMT
    A civil defense official says a private mine in northern Mexico did not report a massive acid spill, allowing it to flow into a river that supplies water to tens of thousands of people.
    A civil defense official says a private mine in northern Mexico did not immediately report a massive acid spill, allowing it to flow into a river that supplies water to tens of thousands of people.
  • US budget deficit running 24.2 percent below 2013

    US budget deficit running 24.2 percent below 2013

    Tuesday, August 12 2014 2:28 PM EDT2014-08-12 18:28:10 GMT
    The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years.
    The federal government ran a lower deficit this July than a year ago, keeping it on course to record the lowest deficit in six years.
  • Pilots strike in Argentina, stranding thousands

    Pilots strike in Argentina, stranding thousands

    Tuesday, August 12 2014 1:57 PM EDT2014-08-12 17:57:50 GMT
    Pilots for two state-run Argentine airlines are on strike, stranding thousands of passengers in the capital of Buenos Aires.
    Argentina's government stepped in to halt a brief pilot's strike that stranded thousands of passengers Tuesday in the country's capital.
  • Judge rejects $324.5M settlement of tech wage case

    Judge rejects $324.5M settlement of tech wage case

    Tuesday, August 12 2014 1:28 PM EDT2014-08-12 17:28:53 GMT
    A federal judge has rejected as too low a $324.5 million settlement of a class-action lawsuit alleging Google and Apple conspired with several other technology companies to block their top workers from getting...
    A federal judge has decided a $324.5 million settlement isn't enough to cover the damages done to more than 60,000 high-tech workers in a class-action lawsuit alleging Google and Apple conspired with other technology...
  • Like stocks, junk bonds show investor jitters

    Like stocks, junk bonds show investor jitters

    Tuesday, August 12 2014 11:57 AM EDT2014-08-12 15:57:47 GMT
    The stock market isn't the only place that's been signaling jitters among investors. The $2.3 trillion market for risky U.S. corporate debt has also been under pressure.
    The stock market isn't the only place that's been signaling jitters among investors. The $2.3 trillion market for risky U.S. corporate debt has also been under pressure.
  • US stocks move lower in quiet trade

    US stocks move lower in quiet trade

    Tuesday, August 12 2014 11:57 AM EDT2014-08-12 15:57:45 GMT
    Stocks are slipping in midday trading following two days of gains.
    Stocks are slipping in midday trading following two days of gains.
  • Italy's troubles weigh on eurozone

    Italy's troubles weigh on eurozone

    Tuesday, August 12 2014 11:48 AM EDT2014-08-12 15:48:06 GMT
    Italy is standing out as the European economy's problem child. Again.
    Italy is standing out as the European economy's problem child. Again.
Top Business Headlines From the New York Times
  • Viral StoriesMore>>

  • Spacewalking astronauts release baby satellite

    Spacewalking astronauts release baby satellite

    Monday, August 18 2014 12:40 PM EDT2014-08-18 16:40:07 GMT
    CAPE CANAVERAL, Fla. (AP) -- Spacewalking astronauts launched a tiny Peruvian research satellite Monday, setting it loose on a mission to observe Earth. Russian Oleg Artemiev cast the 4-inch box off with his gloved right hand as the International Space Station sailed 260 miles above the cloud-flecked planet. The nanosatellite gently tumbled as it cleared the vicinity of the orbiting complex, precisely as planned. "One, two, three," someone called out in Russian as Artemiev let go of the sate...
    CAPE CANAVERAL, Fla. (AP) -- Spacewalking astronauts launched a tiny Peruvian research satellite Monday, setting it loose on a mission to observe Earth. Russian Oleg Artemiev cast the 4-inch box off with his gloved right hand as the International Space Station sailed 260 miles above the cloud-flecked planet. The nanosatellite gently tumbled as it cleared the vicinity of the orbiting complex, precisely as planned. "One, two, three," someone called out in Russian as Artemiev let go of the sate...
  • New marijuana drug 'Wax' looks and feels like lip balm

    New marijuana drug 'Wax' looks and feels like lip balm

    Monday, August 18 2014 12:39 PM EDT2014-08-18 16:39:19 GMT
    It goes by the name Wax, Butter and Honeycomb on the streets, and it can pack a kick equal to 15 to 20 joints of marijuana. The new drug looks and feels like lip balm. It's made from the oils of marijuana plants and has a high level of THC - the chemical that produces a high.
    It goes by the name Wax, Butter and Honeycomb on the streets, and it can pack a kick equal to 15 to 20 joints of marijuana. The new drug looks and feels like lip balm. It's made from the oils of marijuana plants and has a high level of THC - the chemical that produces a high.
  • Pilot's artificial arm detached while landing

    Pilot's artificial arm detached while landing

    Thursday, August 14 2014 10:21 AM EDT2014-08-14 14:21:31 GMT
    LONDON (AP) -- A British air accident report has recounted how a pilot lost control of a passenger plane after his artificial arm became detached during landing. The report says the incident took place as the Flybe flight from Birmingham, carrying 47 passengers, was approaching Belfast City Airport in gusty conditions in February. The 46-year-old pilot had shortly before checked that his prosthetic lower left arm was securely attached to the yoke clamp, but as he performed a maneuver just be...
    LONDON (AP) -- A British air accident report has recounted how a pilot lost control of a passenger plane after his artificial arm became detached during landing. The report says the incident took place as the Flybe flight from Birmingham, carrying 47 passengers, was approaching Belfast City Airport in gusty conditions in February. The 46-year-old pilot had shortly before checked that his prosthetic lower left arm was securely attached to the yoke clamp, but as he performed a maneuver just be...
Powered by WorldNow
Untitled

WTTG FOX 5 & myfoxdc
5151 Wisconsin Ave. NW
Washington, DC 20016
Main Number: (202) 244-5151
Newsroom: (202) 895-3000
fox5tips@wttg.com

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices