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Asian stocks directionless, dollar steadies after slide

Kelvin Chan, Associated Press  |  Posted  Jan 17th - 8:41pm

Most Asian stock indexes lacked direction Wednesday following a sharp correction overnight in the dollar that sapped investor momentum.

California finishes safety review of wells after blowout

Brian Melley, Associated Press  |  Posted  Jan 17th - 8:31pm

A California natural gas storage facility where a blowout spewed methane for nearly four months has completed a safety review required to resume operations, though it might never return to full capacity, state officials said Tuesday.

Chinese coal mine caves in, killing 9 workers

The Associated Press  |  Posted  Jan 17th - 8:15pm

The partial collapse of a coal mine in northern China has left nine people dead, state media reported Wednesday, reflecting the stubborn persistence of safety problems despite years-long efforts to reduce deaths in the sprawling sector.

Seoul court begins reviewing arrest of Samsung heir

Youkyung Lee, Associated Press  |  Posted  Jan 17th - 7:32pm

A South Korean court has begun reviewing the arrest of a Samsung Electronics vice chairman who faces allegations of bribery, embezzlement and perjury.

Caroline Kennedy leaves Japan after 3 years as US ambassador

Ken Moritsugu, Associated Press  |  Posted  Jan 17th - 7:11pm

Caroline Kennedy is stepping down Wednesday after three years as U.S. ambassador to Japan, where she was welcomed like a celebrity and worked to deepen the U.S.-Japan relationship despite regular flare-ups over American military bases on the southern island of Okinawa.

Survey: US companies in China feel 'less welcome'

Joe McDonald, Associated Press  |  Posted  Jan 17th - 6:44pm

U.S. companies feel less welcome in China and some are shifting operations to other countries, a business group reported Wednesday, amid rising tension between President-elect Donald Trump and Beijing over trade.

Feds: McKesson agrees to pay $150M in pill shipment case

John Raby, Associated Press  |  Posted  Jan 17th - 6:31pm

A major California-based drug wholesaler has agreed to pay $150 million to settle allegations that it failed to detect and report pharmacies' suspicious orders of prescription pain pills, federal prosecutors said Tuesday.

Bill would let women sue doctors who perform their abortions

Barbara Rodriguez, Associated Press  |  Posted  Jan 17th - 5:50pm

Iowa lawmakers are considering a bill that would allow a woman who gets an abortion to sue the doctor who performed the procedure if she experiences emotional distress later.

Lowe's announces nearly 2,400 layoffs for full-time workers

The Associated Press  |  Posted  Jan 17th - 5:10pm

North Carolina-based home improvement retailer Lowe's says it's told approximately 2,400 full-time workers that they will be laid off.

Mississippi sues Google, saying it violates student privacy

Jeff Amy, Associated Press  |  Posted  Jan 17th - 5:01pm

Mississippi's Democratic attorney general is once again tangling with Google, alleging in a lawsuit that the company is illegally violating student privacy, even as some Republicans seek to muzzle his ability to file such civil suits.

Texas, 12 other states sue to block Obama coal mining rule

The Associated Press  |  Posted  Jan 17th - 5:01pm

Texas and 12 other states have asked a federal court to block final rules from President Barack Obama's administration designed to reduce coal mining's impact on streams.

18 million more uninsured if Obamacare killed, not replaced

Alan Fram, Associated Press  |  Posted  Jan 17th - 4:42pm

Insurance premiums would soar for millions of Americans and 18 million more would be uninsured in just one year if Republicans scuttle much of President Barack Obama's health care overhaul without a replacement, Congress' budget analysts said Tuesday.

Trump's 1st home up for auction for 2nd time in 3 months

Jennifer Peltz, Associated Press  |  Posted  Jan 17th - 4:20pm

The first property connected to Republican President-elect Donald Trump has become a hot spot for real estate deal-making.

Interior nominee Zinke disputes Trump on climate change

Matthew Daly, Associated Press  |  Posted  Jan 17th - 4:10pm

Donald Trump's choice to head the Interior Department on Tuesday rejected the president-elect's claim that climate change is a hoax, saying it is indisputable that environmental changes are affecting the world's temperature and human activity is a major reason.

Business leaders: Inland port could make Utah a freight hub

Michelle L. Price, Associated Press  |  Posted  Jan 17th - 4:01pm

Almost 150 years after the Transcontinental Railroad was completed in northern Utah, some of the state's top business leaders and officials said Tuesday that building another major junction here —an inland port— could provide a major boost to the local economy as cargo is ferried from West Coast seaports to the rest of the country.

US judge OKs plan for Caesars' unit to exit $18B bankruptcy

Michael Tarm, Associated Press  |  Posted  Jan 17th - 4:01pm

A federal judge gave the thumbs-up Tuesday to a plan to reorganize a subsidiary of casino giant Caesars Entertainment Corp., clearing the way for the operating unit to exit bankruptcy two years after filing for Chapter 11 protection with $18 billion in debt.

United Airlines 4Q profit drops 52 percent to $397 million

David Koenig, Associated Press  |  Posted  Jan 17th - 4:01pm

Lower average fares and higher labor costs led to a 52 percent drop in fourth-quarter profit at United Airlines, but sadly for passengers those lower prices may soon be a memory.

2 BNSF Railway workers killed on tracks in SW South Dakota

The Associated Press  |  Posted  Jan 17th - 3:51pm

Two BNSF Railway employees have been struck and killed by a train near Edgemont in southwestern South Dakota.

Small nuclear reactor design submitted for federal approval

Keith Ridler, Associated Press  |  Posted  Jan 17th - 3:41pm

An Oregon company has asked federal officials to approve its design for a small commercial nuclear reactor that a Utah energy cooperative wants to build in Idaho.

Texas leases more land, but gets lower prices amid oil slump

The Associated Press  |  Posted  Jan 17th - 3:31pm

The demand to lease Texas' publicly held land for energy exploration has increased since last summer, despite low oil prices — but it generated lower average prices.