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Office supplies chain Staples sold for $6.9 billion

The Associated Press  |  Posted   Jun 28th - 4:43pm

Private equity firm Sycamore Partners is buying office supplies chain Staples for $6.9 billion.

The Latest: Senate Intel Committee has deal on Comey memos

The Associated Press  |  Posted   Jun 28th - 4:40pm

The Latest on investigations into Russian meddling in the 2016 election (all times local):

After delay, California congressman to be sworn in July 11

Kathleen Ronayne, Associated Press  |  Posted   Jun 28th - 4:32pm

California U.S. Rep.-elect Jimmy Gomez is expected to finally join fellow Democrats in Washington on July 11 — five weeks after he won a special election to replace Xavier Becerra, now California's attorney general.

Fed approves dividend, buyback plans of all 34 biggest banks

Marcy Gordon, Associated Press  |  Posted   Jun 28th - 4:24pm

The Federal Reserve has given the green light to all 34 of the biggest banks in the U.S. to raise their dividends and buy back shares, judging their financial foundations sturdy enough to withstand a major economic downturn.

UPDATED

Little progress evident as GOP hunts health bill votes

Alan Fram and Erica Werner, Associated Press  |  Posted   Jun 28th - 4:18pm

Senate Majority Leader Mitch McConnell explored options for salvaging the battered Republican health care bill Wednesday but confronted an expanding chorus of GOP detractors, deepening the uncertainty over whether the party can resuscitate its bedrock promise to repeal President Barack Obama's overhaul.

Walmart seeks new products amid online battle with Amazon

Kelly P. Kissel, Associated Press  |  Posted   Jun 28th - 4:16pm

Hundreds of inventors have flocked to Walmart's headquarters in Bentonville to find out if the country needs a few more secret sauces, prettier mouse pads or "instant hair gel" packets for the on-the-go clubber.

2 train conductors struck, killed on tracks in Washington

Jessica Gresko, Associated Press  |  Posted   Jun 28th - 4:16pm

Two conductors who got out of their freight train to follow up on an alert that there was a problem with one or more of its wheels were struck and killed by a passenger train near Washington's Union Station.

Ex-pharmaceutical CEO accused at trial of cheating investors

The Associated Press  |  Posted   Jun 28th - 4:00pm

A federal prosecutor has told jurors in opening statements at the securities fraud trial of a former pharmaceutical company CEO that he built a bogus hedge fund empire on "lies upon lies."

Charity website sued over hate group labels on nonprofits

The Associated Press  |  Posted   Jun 28th - 3:50pm

A Florida-based legal advocacy organization is suing over a "hate group" label that it and other nonprofits received on a website that maintains a database of information about U.S. charities.

Spectranetics and General Mills climb; Paychex slides

The Associated Press  |  Posted   Jun 28th - 3:46pm

Stocks that moved substantially or traded heavily on Wednesday:

GOP touts lower premiums, but other insurance costs to rise

Ricardo Alonso-Zaldivar, Associated Press  |  Posted   Jun 28th - 3:40pm

Republicans are touting lower premiums under their health care legislation, but that reflects insurance that would cover a smaller share of the cost of medical bills.

Supervisors suspended amid NYC subway derailment probe

Kiley Armstrong and Frank Eltman, Associated Press  |  Posted   Jun 28th - 3:34pm

Investigators probing the derailment of a New York City subway train said the accident was caused by an improperly secured spare rail, left on the tracks to make it easier to fix breakdowns quickly.

Utah's Chaffetz joining Fox News, writing book post-Congress

Michelle L. Price, Associated Press  |  Posted   Jun 28th - 3:25pm

Jason Chaffetz, the media-savvy Utah Republican who has been a cable-news fixture during his eight years in Congress, said Wednesday that he's becoming a Fox News Channel contributor after he resigns this week so he can keep a voice in politics.

Wyoming rivers and streams receding from runoff flooding

Bob Moen, Associated Press  |  Posted   Jun 28th - 3:24pm

Rivers and streams in central and western Wyoming are receding after melting snowpack poured the equivalent of at least 30 inches (76 centimeters) of water down mountains over the last several weeks, causing widespread flooding, interrupting travel on a route to Yellowstone National Park and cutting irrigation water to farms.

Top officials unaware pipeline security operated illegally

James MacPherson and Blake Nicholson, Associated Press  |  Posted   Jun 28th - 3:12pm

North Dakota's governor, top law officer and military leader all said Wednesday they were unaware that a private security firm hired by the developer of the disputed Dakota Access oil pipeline has been operating illegally in the state without a license.

Dems want Pentagon to give breakdown of Trump's travel costs

Richard Lardner, Associated Press  |  Posted   Jun 28th - 3:12pm

Two House Democrats want to compel the Air Force to detail how much has been spent on trips that President Donald Trump has made to his Florida estate and other properties that he and his family own.

Prosecutors settle Panda Express discrimination claim

The Associated Press  |  Posted   Jun 28th - 3:10pm

Federal prosecutors say they have reached a settlement with Panda Express over allegations the company discriminated against workers who were not U.S. citizens.

Mississippi utility will stop efforts to complete coal plant

Jeff Amy, Associated Press  |  Posted   Jun 28th - 2:55pm

A Mississippi utility, faced with a regulatory ultimatum, said Wednesday that it will suspend efforts to complete a first-of-its-kind coal-fueled power plant.

Selling the GOP health care bill: Does Trump help or hurt?

Julie Pace, Associated Press  |  Posted   Jun 28th - 2:55pm

It was a platform most politicians can only hope for: A captivated, 6,000-person crowd and more than an hour of live, prime-time television coverage to hype the Republican vision for a new health care system.