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  • Goldman in deal worth $1.2B over US bond claims

    Goldman in deal worth $1.2B over US bond claims

    Friday, August 22 2014 11:44 PM EDT2014-08-23 03:44:50 GMT
    Goldman Sachs has agreed to pay $3.15 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007.
    Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed...
  • Gov't warns US retailers about hacking software

    Gov't warns US retailers about hacking software

    Friday, August 22 2014 10:17 PM EDT2014-08-23 02:17:46 GMT
    The Homeland Security Department is warning that more than 1,000 retailers could have a new malicious software program lurking in their cash registers that allows computer hackers to steal financial data about...
    More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday.
  • Hamas kills 18 suspected informers to deter leaks

    Hamas kills 18 suspected informers to deter leaks

    Friday, August 22 2014 7:38 PM EDT2014-08-22 23:38:10 GMT
    A Gaza health official says two Palestinians have been killed in an Israeli airstrike as fighting continued for a third day after the collapse of Egyptian-led cease-fire talks.
    Gaza militants Friday gunned down 18 alleged spies for Israel in an apparent attempt to plug security breaches and deter others, a day after Israel killed three top Hamas military commanders in an airstrike likely guided...
  • Oregon sues Oracle over failed health care website

    Oregon sues Oracle over failed health care website

    Friday, August 22 2014 7:28 PM EDT2014-08-22 23:28:12 GMT
    Oregon Attorney General Ellen Rosenblum says she's filed a lawsuit against Oracle Corp. and several of its executives over the technology company's role in the state's troubled health insurance exchange.
    The state of Oregon filed a lawsuit Friday against Oracle America Inc. and several of its executives over the technology company's role in creating the troubled website for the state's online health insurance...
  • New Obama birth control fixes for religious groups

    New Obama birth control fixes for religious groups

    Friday, August 22 2014 7:05 PM EDT2014-08-22 23:05:33 GMT
    The Obama administration will offer a new accommodation to religious nonprofits that object to covering birth control for their employees. The measure allows those groups to notify the government, rather than their...
    Seeking to quell a politically charged controversy, the Obama administration announced new measures Friday to allow religious nonprofits and some companies to opt out of paying for birth control for female employees while...
  • At Jackson Hole, central bankers eye varying goals

    At Jackson Hole, central bankers eye varying goals

    Friday, August 22 2014 5:54 PM EDT2014-08-22 21:54:54 GMT
    The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. Many are taking steps that clash with the policies of others.
    The central bankers meeting this week at their annual conference in Jackson Hole, Wyoming, aren't exactly in sync. Many are taking steps that clash with the policies of others.
  • Lawsuits challenge FAA drone, model aircraft rules

    Lawsuits challenge FAA drone, model aircraft rules

    Friday, August 22 2014 5:17 PM EDT2014-08-22 21:17:37 GMT
    Model aircraft hobbyists, research universities and commercial drone operators and investors have filed lawsuits challenging a government directive that they say imposes tough new limits on the use of model...
    Model aircraft hobbyists, research universities and commercial drone interests filed lawsuits Friday challenging a government directive that they say imposes tough new limits on the use of model aircraft and broadens the...
  • Apple's stock bounces back to hit a new high

    Apple's stock bounces back to hit a new high

    Friday, August 22 2014 5:16 PM EDT2014-08-22 21:16:13 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.
  • MLB online chief optimistic on relaxing blackouts

    MLB online chief optimistic on relaxing blackouts

    Friday, August 22 2014 5:16 PM EDT2014-08-22 21:16:11 GMT
    The head of baseball's online business says an easing of blackout restrictions on games online could come as early as next season.
    An easing of blackout restrictions on Major League Baseball games online could come as early as next season, according to the head of baseball's online business.
  • Mexico creates special economic-crime force

    Mexico creates special economic-crime force

    Friday, August 22 2014 5:15 PM EDT2014-08-22 21:15:26 GMT
    Mexico launched a special 5,000-strong police force Friday to combat industrial, farm and business crime that has extended far throughout the country's economy, strangling commerce in some regions.
    Mexico launched a special 5,000-strong police force Friday to combat industrial, farm and business crime that has extended throughout the country's economy, strangling commerce in some regions.
  • Stocks are mostly lower as Ukraine tensions flare

    Stocks are mostly lower as Ukraine tensions flare

    Friday, August 22 2014 4:44 PM EDT2014-08-22 20:44:47 GMT
    Most Asian stock markets inched higher Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors...
    The stock market paused Friday, following four days of gains, after a speech by Federal Reserve Chair Janet Yellen left investors unsure about how the nation's most important financial voice feels about raising...
  • Yellen: Job market makes Fed hesitant on rate hike

    Yellen: Job market makes Fed hesitant on rate hike

    Friday, August 22 2014 4:24 PM EDT2014-08-22 20:24:57 GMT
    Federal Reserve Chair Janet Yellen says the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.
    If anyone thought Janet Yellen might clarify her view of the U.S. job market in her speech here Friday, the Federal Reserve chair had a message:
  • Stocks end mostly lower as Ukraine tensions flare

    Stocks end mostly lower as Ukraine tensions flare

    Friday, August 22 2014 4:14 PM EDT2014-08-22 20:14:59 GMT
    More tensions in Ukraine left the stock market slightly lower in quiet trading.
    More tensions in Ukraine left the stock market slightly lower in quiet trading.
  • Draghi: ECB can't do it all, governments must act

    Draghi: ECB can't do it all, governments must act

    Friday, August 22 2014 2:45 PM EDT2014-08-22 18:45:47 GMT
    European Central Bank head Mario Draghi says the bank is ready to do more to boost a shaky recovery in Europe - but warns governments must join in efforts to reduce stubbornly high unemployment.
    European Central Bank head Mario Draghi said Friday the bank is ready to do more to boost the shaky recovery in the 18 countries that use the euro - but warns governments must join in efforts to reduce stubbornly high...
  • Music site SoundCloud to start paying artists

    Music site SoundCloud to start paying artists

    Friday, August 22 2014 2:35 PM EDT2014-08-22 18:35:23 GMT
    SoundCloud says it will start paying artists and record firms whose music is played on the popular streaming site.
    SoundCloud said Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify.
  • Yemen's Shiite-rebel group escalate standoff

    Yemen's Shiite-rebel group escalate standoff

    Friday, August 22 2014 1:45 PM EDT2014-08-22 17:45:10 GMT
    Thousands of supporters of Yemen's powerful, armed Shiite rebel group have escalated their standoff with the government, setting up tents near three ministries to press for a Cabinet reshuffle and reversal of a...
    Thousands of supporters of Yemen's powerful Shiite rebel group escalated their standoff with the government on Friday, setting up tents near three ministries to press for the replacement of a prime minister they depict...
  • Expectations of ECB help drive down eurozone rates

    Expectations of ECB help drive down eurozone rates

    Friday, August 22 2014 1:44 PM EDT2014-08-22 17:44:48 GMT
    By DAVID McHUGH AP Business Writer Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery...
    By DAVID McHUGH AP Business Writer Investors appear to be putting their money on the likelihood of more stimulus measures from the European Central Bank to keep the eurozone's shaky recovery from...
  • Serbia says it won't impose sanctions on Russia

    Serbia says it won't impose sanctions on Russia

    Friday, August 22 2014 12:54 PM EDT2014-08-22 16:54:55 GMT
    Despite pressure from the European Union, Serbia will not impose sanctions against Russia or curb its food exports to that country, Serbian Prime Minister Aleksandar Vucic said Friday.
    Despite pressure from the European Union, Serbia will not impose sanctions against Russia or curb its food exports to that country, Serbian Prime Minister Aleksandar Vucic said Friday.
  • Democrats reframe debate on health care

    Democrats reframe debate on health care

    Friday, August 22 2014 12:29 PM EDT2014-08-22 16:29:29 GMT
    One of the most vulnerable Senate Democrats is standing by his vote for President Barack Obama's health care law, a fresh sign that the unpopular mandate may be losing some of its political punch.
    President Barack Obama's unpopular health care law is losing some of its political punch as vulnerable Democrats see it as less of an election-year minus and Republicans increasingly talk about fixing it instead of...
  • Dead floppy drive: Kenya recycles global e-waste

    Dead floppy drive: Kenya recycles global e-waste

    Friday, August 22 2014 12:07 PM EDT2014-08-22 16:07:30 GMT
    In an industrial area outside Kenya's capital city, workers in hard hats and white masks take shiny new power drills to computer parts. This assembly line is not assembling, though. It is dismantling some of...
    In an industrial area outside Kenya's capital city, workers in hard hats and white masks take shiny new power drills to computer parts. This assembly line is not assembling, though. It is dismantling some of the...
  • Ice bucket challenge may change nonprofit world

    Ice bucket challenge may change nonprofit world

    Friday, August 22 2014 12:05 PM EDT2014-08-22 16:05:48 GMT
    The ice bucket challenge's phenomenal success is making other charitable organizations rethink how they connect with a younger generation of potential donors.
    The ice bucket challenge's phenomenal success is making other charitable organizations rethink how they connect with a younger generation of potential donors.
  • Stocks little changed on Ukraine, Yellen speech

    Stocks little changed on Ukraine, Yellen speech

    Friday, August 22 2014 12:05 PM EDT2014-08-22 16:05:09 GMT
    Stocks are little changed at midday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the bank will proceed on interest rates.
    Stocks are little changed at midday after a speech by Federal Reserve Chair Janet Yellen left investors unsure on how the bank will proceed on interest rates.
  • McDonald's names new US president again

    McDonald's names new US president again

    Friday, August 22 2014 11:44 AM EDT2014-08-22 15:44:51 GMT
    McDonald's has named a new president for its flagship U.S. division, marking the second change in less than two years.
    McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years.
  • Germany sues Swiss bank for communist-era fortune

    Germany sues Swiss bank for communist-era fortune

    Friday, August 22 2014 10:24 AM EDT2014-08-22 14:24:40 GMT
    Germany is suing a Swiss bank to reclaim millions of euros that once belonged to communist East Germany.
    Germany is suing a Swiss bank to reclaim millions of euros that once belonged to communist East Germany.
  • Keurig strikes deal with Kraft on coffee brands

    Keurig strikes deal with Kraft on coffee brands

    Friday, August 22 2014 10:04 AM EDT2014-08-22 14:04:43 GMT
    Keurig Green Mountain says it struck a deal to make Kraft's branded coffees, such as Maxwell House and Gevalia, for its single-serve brewing systems in the U.S.
    Keurig Green Mountain says it struck a deal to make Kraft's branded coffees, such as Maxwell House and Gevalia, for its single-serve brewing systems in the U.S.
  • Ukraine jitters send US stocks slightly lower

    Ukraine jitters send US stocks slightly lower

    Friday, August 22 2014 9:44 AM EDT2014-08-22 13:44:40 GMT
    Stocks are little edging lower in early trading amid concerns of an escalation in the Ukrainian crisis after a Russian aid convoy entered the country.
    Stocks are little edging lower in early trading amid concerns of an escalation in the Ukrainian crisis after a Russian aid convoy entered the country.
  • Dynegy to spend $6.25B on power plant acquisitions

    Dynegy to spend $6.25B on power plant acquisitions

    Friday, August 22 2014 9:44 AM EDT2014-08-22 13:44:38 GMT
    By The Associated Press Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
    By The Associated Press Dynegy plans to spend more than $6 billion to buy several coal and gas power generation plants from Duke Energy and Energy Capital Partners.
  • Russian ban on Polish apples sparks cider debate

    Russian ban on Polish apples sparks cider debate

    Friday, August 22 2014 9:04 AM EDT2014-08-22 13:04:26 GMT
    Poland's Economy Ministry wants the nation of beer and vodka lovers to drink more cider.
    Poland's Economy Ministry wants the nation of beer and vodka lovers to drink more cider.
  • Yellen speech awaited for any hint on rate timing

    Yellen speech awaited for any hint on rate timing

    Friday, August 22 2014 7:26 AM EDT2014-08-22 11:26:47 GMT
    Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear...
    Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of...
  • Bank of America settlement likely to benefit few

    Bank of America settlement likely to benefit few

    Friday, August 22 2014 3:45 AM EDT2014-08-22 07:45:40 GMT
    Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners.
    Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners.
  • Social media pushes back at militant propaganda

    Social media pushes back at militant propaganda

    Friday, August 22 2014 3:35 AM EDT2014-08-22 07:35:09 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.
    The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience.
  • Coal gas boom in China holds climate change risks

    Coal gas boom in China holds climate change risks

    Friday, August 22 2014 3:29 AM EDT2014-08-22 07:29:07 GMT
    Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. Both day and night, the rumble of this...
    Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. Both day and night, the rumble of this power...
  • Woman who drank lye-tainted tea suffers nightmares

    Woman who drank lye-tainted tea suffers nightmares

    Friday, August 22 2014 3:27 AM EDT2014-08-22 07:27:12 GMT
    A woman who was in critical condition after unknowingly sipping sweetened iced tea laced with a chemical found in drain cleaner has been steadily improving, but her husband says she's having nightmares about...
    A woman who was in critical condition after unknowingly sipping sweetened iced tea laced with a chemical found in drain cleaner has been steadily improving, but her husband says she's having nightmares about the moment...
  • Asian stocks higher after S&P 500 record close

    Asian stocks higher after S&P 500 record close

    Thursday, August 21 2014 11:47 PM EDT2014-08-22 03:47:05 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.
    Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited a key...
  • Lawyer: Utah restaurant had other chemical burn

    Lawyer: Utah restaurant had other chemical burn

    Thursday, August 21 2014 8:04 PM EDT2014-08-22 00:04:22 GMT
    As prosecutors mull whether charges are warranted against employees at a Utah restaurant where a woman nearly died after unknowingly drinking toxic tea, the woman's husband and son are set to talk publicly...
    The attorney for a woman who nearly died after unknowingly drinking tea laced with a chemical cleaning compound at a Utah restaurant said Thursday an employee at the eatery burned herself a month earlier on the same...
  • Study: Wealth gap widened in the last decade

    Study: Wealth gap widened in the last decade

    Thursday, August 21 2014 5:53 PM EDT2014-08-21 21:53:57 GMT
    A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer.
    A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer.
  • Airline group forecasts uptick in Labor Day travel

    Airline group forecasts uptick in Labor Day travel

    Thursday, August 21 2014 5:44 PM EDT2014-08-21 21:44:11 GMT
    By The Associated Press A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year.
    By DAVID KOENIG AP Airlines Writer A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year.
  • US housing recovery appears to be back on track

    US housing recovery appears to be back on track

    Thursday, August 21 2014 5:34 PM EDT2014-08-21 21:34:04 GMT
    Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
    A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year.
  • Audit: 'Obamacare' tax not meeting revenue target

    Audit: 'Obamacare' tax not meeting revenue target

    Thursday, August 21 2014 5:14 PM EDT2014-08-21 21:14:43 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.
  • Gap reports higher profit, plans India expansion

    Gap reports higher profit, plans India expansion

    Thursday, August 21 2014 5:04 PM EDT2014-08-21 21:04:09 GMT
    Gap Inc. (GPS) on Thursday reported fiscal second-quarter net income of $332 million.
    Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales.
  • Tips for parents: To post or not to post?

    Tips for parents: To post or not to post?

    Thursday, August 21 2014 4:55 PM EDT2014-08-21 20:55:07 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...
  • S&P 500 closes at a record; Hewlett-Packard gains

    S&P 500 closes at a record; Hewlett-Packard gains

    Thursday, August 21 2014 4:14 PM EDT2014-08-21 20:14:38 GMT
    Another round of buying on the stock market is sending the Standard & Poor's 500 index to its latest record high.
    Another round of buying on the stock market is sending the Standard & Poor's 500 index to its latest record high.
  • United lures top fliers with promise of a hot meal

    United lures top fliers with promise of a hot meal

    Thursday, August 21 2014 2:34 PM EDT2014-08-21 18:34:31 GMT
    To win the hearts of frequent business travelers, United Airlines is going through their stomachs.
    To win the hearts of frequent business travelers, United Airlines is going through their stomachs.
  • Average US 30-year mortgage rate at 4.10 pct

    Average US 30-year mortgage rate at 4.10 pct

    Thursday, August 21 2014 2:34 PM EDT2014-08-21 18:34:21 GMT
    Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year.
    Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low.
  • Family Dollar rejects Dollar General offer

    Family Dollar rejects Dollar General offer

    Thursday, August 21 2014 2:14 PM EDT2014-08-21 18:14:12 GMT
    Family Dollar is rebuffing Dollar General's takeover bid, citing antitrust issues. The discounter's board remains supportive of its existing deal with Dollar Tree.
    By MICHELLE CHAPMAN AP Business Writer Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family...
  • US won't reveal records on health website security

    US won't reveal records on health website security

    Thursday, August 21 2014 1:24 PM EDT2014-08-21 17:24:46 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...
  • Russia checks more McDonald's after closing 3

    Russia checks more McDonald's after closing 3

    Thursday, August 21 2014 1:24 PM EDT2014-08-21 17:24:24 GMT
    Russian news agencies are reporting that the country's food safety agency will conduct checks on McDonald's restaurants in the Urals after safety complaints, a day after four branches of the chain were...
    Russia's food safety agency said Thursday that it was checking McDonald's restaurants around the country, a day after several branches of the chain were shuttered in Moscow.
  • Bank of America agrees to nearly $17B settlement

    Bank of America agrees to nearly $17B settlement

    Thursday, August 21 2014 12:56 PM EDT2014-08-21 16:56:56 GMT
    Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Departm ent will increase that toll, but...
    The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
  • Ballmer steps down from Microsoft board

    Ballmer steps down from Microsoft board

    Thursday, August 21 2014 12:24 PM EDT2014-08-21 16:24:33 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.
  • Stocks move higher; S&P 500 heading for a record

    Stocks move higher; S&P 500 heading for a record

    Thursday, August 21 2014 12:04 PM EDT2014-08-21 16:04:11 GMT
    U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close.
    U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close.
  • Honda bolsters Fit to boost crash resistance

    Honda bolsters Fit to boost crash resistance

    Thursday, August 21 2014 11:54 AM EDT2014-08-21 15:54:21 GMT
    When the subcompact Fit failed a crash test, Honda went back to the drawing board.
    When the subcompact Fit failed a crash test, Honda went back to the drawing board.
  • Applications for US unemployment aid fall to 298K

    Applications for US unemployment aid fall to 298K

    Thursday, August 21 2014 10:03 AM EDT2014-08-21 14:03:51 GMT
    Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving.
    Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving.
  • Stocks open higher; S&P 500 heading for a record

    Stocks open higher; S&P 500 heading for a record

    Thursday, August 21 2014 9:44 AM EDT2014-08-21 13:44:07 GMT
    U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high.
    U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high.
  • Sears 2Q loss widens on sluggish sales

    Sears 2Q loss widens on sluggish sales

    Thursday, August 21 2014 9:33 AM EDT2014-08-21 13:33:57 GMT
    Sears said Thursday that its second-quarter loss widened as it continues to deal with weak sales.
    Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping.
  • Survey indicates eurozone growing slowly

    Survey indicates eurozone growing slowly

    Thursday, August 21 2014 6:33 AM EDT2014-08-21 10:33:52 GMT
    A survey of business activity indicates the economy in the 18-country eurozone slowed but still grew modestly in August.
    A survey of business activity shows the economy of the 18-country eurozone grew at only a slow pace in August, a sign it remains sluggish after a disappointing second quarter in which it did not expand at all.
  • California drought stings bees, honey supplies

    California drought stings bees, honey supplies

    Thursday, August 21 2014 2:43 AM EDT2014-08-21 06:43:59 GMT
    California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers.
    California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers.
  • Growth in China manufacturing weakens in August

    Growth in China manufacturing weakens in August

    Wednesday, August 20 2014 11:43 PM EDT2014-08-21 03:43:33 GMT
    Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus.
    Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus.
  • McConnell, Grimes spar at Kentucky farm forum

    McConnell, Grimes spar at Kentucky farm forum

    Wednesday, August 20 2014 7:44 PM EDT2014-08-20 23:44:07 GMT
    The candidates in Kentucky's U.S. Senate race are answering questions together for the first time amid a squabble over a bus rental.
    Kentucky's U.S. Senate candidates had a hard time talking about farming without slinging mud.
  • APNewsBreak: B ofA reaches $17B settlement with US

    APNewsBreak: B ofA reaches $17B settlement with US

    Wednesday, August 20 2014 7:35 PM EDT2014-08-20 23:35:22 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...
    Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with...
  • Argentina defends plan to pay creditors outside US

    Argentina defends plan to pay creditors outside US

    Wednesday, August 20 2014 5:14 PM EDT2014-08-20 21:14:11 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...
  • EEOC files lawsuit against Food Lion over firing

    EEOC files lawsuit against Food Lion over firing

    Wednesday, August 20 2014 4:43 PM EDT2014-08-20 20:43:26 GMT
    The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against supermarket chain Food Lion, saying it fired a Jehovah's Witness who requested certain days off for his religion.
    The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against supermarket chain Food Lion, saying it fired a Jehovah's Witness who requested certain days off for his religion.
  • Some Fed officials want to slow economic help soon

    Some Fed officials want to slow economic help soon

    Wednesday, August 20 2014 4:13 PM EDT2014-08-20 20:13:52 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 U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low...
  • Despite Fed, a late push sends US stocks higher

    Despite Fed, a late push sends US stocks higher

    Wednesday, August 20 2014 4:13 PM EDT2014-08-20 20:13:51 GMT
    A late round of buying is leaving stock indexes mostly higher.
    A late round of buying is leaving stock indexes mostly higher.
  • Airstrike kills wife and child of Hamas figure

    Airstrike kills wife and child of Hamas figure

    Wednesday, August 20 2014 4:05 PM EDT2014-08-20 20:05:41 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.
    Hamas' shadowy military chief escaped an apparent Israeli assassination attempt that killed his wife and infant son, the militant group said Wednesday as Israel's prime minister warned that the bombardment of Gaza...
  • UN urges exit screening for Ebola at some airports

    UN urges exit screening for Ebola at some airports

    Wednesday, August 20 2014 3:33 PM EDT2014-08-20 19:33:25 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.
  • Google's pivotal IPO launched a decade of big bets

    Google's pivotal IPO launched a decade of big bets

    Wednesday, August 20 2014 2:54 PM EDT2014-08-20 18:54:58 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.
  • 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...
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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.
  • 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...
  • 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.
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