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U.S. stocks crept higher following news that the economy surged ahead in the spring. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday. Most world markets were mixed.
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Overhaul approved for troubled California refinery

The Associated Press  |  posted Jul 30th - 8:31am
Leaders of a San Francisco Bay Area city approved a $1 billion upgrade of Chevron's troubled 1960s-era oil refinery, the largest in Northern California, after the company agreed to safety and piping upgrades and greater community investment, a newspaper reported.
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GOP blocks tax hike on firms moving overseas

Stephen Ohlemacher, Associated Press  |  posted 4 minutes ago
Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas.
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IMF says Cyprus will need more spending cuts

Menelaos Hadjicostis, Associated Press  |  posted 4 minutes ago
The International Monetary Fund said Wednesday that Cyprus will need to make additional spending cuts to meet a key target of its financial rescue program.
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Insurers: 2015 exchange rates likely to spike

Kelli Kennedy, Associated Press  |  posted 14 minutes ago
State insurance officials are preparing to release figures next week on how much health plans will cost under the Affordable Care Act for 2015, and rate increases seem inevitable as insurers say their new consumers are older and sicker than anticipated.
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Alums of Ohio black college fight for its survival

Lisa Cornwell, Associated Press  |  posted 24 minutes ago
Alumni of the country's oldest historically black private university are committing money and other support to help their alma mater's fight for survival amid the risk of accreditation loss and financial deficits and low enrollment.
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Passenger dies on US Airways flight to Phoenix

The Associated Press  |  posted 34 minutes ago
Authorities in Phoenix say a passenger has died on a US Airways flight to Phoenix from Honolulu after a suffering an unknown medical emergency.
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Yemen nearly doubles fuel prices to narrow deficit

Ahmed Al-Hajj, Associated Press  |  posted 44 minutes ago
Yemen's government has nearly doubled fuel prices in an attempt to reform government subsidies and narrow a budget deficit.
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Grain mixed, livestock mostly higher

The Associated Press  |  posted 54 minutes ago
Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade.
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Open

The Associated Press  |  posted 54 minutes ago
Early trading on the Chicago Board of Trade Wed.:
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Open

The Associated Press  |  posted 54 minutes ago
Early trading on the Chicago Board of Trade Wed.:
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Revised data: US grew faster in 2nd half of 2013

Christopher S. Rugaber, Associated Press  |  posted Jul 30th - 8:42am
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
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Fiat 2Q profits drop by 55 percent

The Associated Press  |  posted Jul 30th - 8:42am
Italian carmaker Fiat SpA, which controls Chrysler, says its second-quarter profits dropped by more than a half due to lower performance in North and Latin America.
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US economy grew at strong 4 percent rate in spring

Martin Crutsinger, Associated Press  |  posted Jul 30th - 8:41am
After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.
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Hyundai recalls 883K Sonatas to fix gear shifters

The Associated Press  |  posted Jul 30th - 8:40am
Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.
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