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Businessman Dan Gilbert has testified during Detroit's bankruptcy trial that the city's high crime rate, poor school system, unemployment and blighted neighborhoods are its major challenges.
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5 reasons bonds may be less safe than you think

The Associated Press  |  posted 7 minutes ago
Burned by the stock-market crash during the financial crisis, investors have poured a trillion dollars into bond funds in the past six years. They like the interest payments that bonds throw off, and that their prices barely move day to day.
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Senior congressman wants Secret Service chief out

Eileen Sullivan, Alicia A. Caldwell, Associated Press  |  posted 7 minutes ago
A senior Republican lawmaker wants Secret Service Director Julia Pierson to leave her job, and a senior Democrat said Wednesday he is not comfortable with her leading the Secret Service but subsequently said he hasn't decided whether she should resign or be fired.
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US stocks slide in midday trade; Airlines sink

Ken Sweet, Associated Press  |  posted 16 minutes ago
U.S. stocks sank in midday trading Wednesday as disappointing economic data in the U.S. and Europe weighed on investors' minds. Airlines stocks fell as investors feared that news of the first case of Ebola being diagnosed in the U.S. would discourage people from traveling.
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Why the bond market is more fragile than you think

Bernard Condon, Associated Press  |  posted 17 minutes ago
A bottleneck is building in the global market for bonds.
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Why the bond market is more fragile than you think

Bernard Condon, Associated Press  |  posted 27 minutes ago
A bottleneck is building in the global market for bonds.
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US stocks slide in midday trade; Airlines sink

The Associated Press  |  posted 27 minutes ago
Stocks are sliding in midday trading, putting the market on course for its third loss in a row.
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UK leader promises tax cuts, EU battle

Jill Lawless, Associated Press  |  posted 38 minutes ago
Squeezed between insurgent anti-Europeans, a skittish party and suspicious voters, Britain's prime minister promised a tough stance on the EU and tax cuts for millions in a bid to bolster support for his Conservative Party before a national election next year.
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Pepsi to launch soda sweetened with stevia

The Associated Press  |  posted 16 minutes ago
There's Pepsi, Diet Pepsi and now, Pepsi True, a midcalorie version of the soda made with natural sweeteners.
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Cuba announces details of currency unification

The Associated Press  |  posted 17 minutes ago
Cuba's central bank chief is giving new details of the elimination of a special currency, saying that the shift will require putting more Cuban pesos into circulation and issuing higher-denomination bills.
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New York Times cutting 100 jobs, NYT Opinion app

The Associated Press  |  posted 17 minutes ago
The New York Times Co. is launching another round of buyouts and layoffs, telling staff on Wednesday that it must cut 100 newsroom jobs to further reduce costs and focus resources on its digital operations. It's also axing its NYT Opinion app after four months and relegating the NYT Now app to a smartphone-only product aimed at new and younger readers, after the lower-priced subscription products failed to take off as hoped.
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Massachusetts hospital staffing law takes effect

The Associated Press  |  posted 27 minutes ago
A new state law sets strict limits on the number of patients that registered nurses who work in hospital intensive care units can be assigned to at a given time.
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Federal appeals court to mull guns in post offices

BY Sadie Gurman, Associated Press  |  posted 27 minutes ago
The U.S. Postal Service and a rural Colorado man will argue in court Wednesday over where on postal property people can legally carry guns.
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Slovakia sees 50 pct drop in Russian gas supplies

The Associated Press  |  posted 27 minutes ago
Slovakia says it has seen a 50 percent drop in Russian gas supplies in the past day.
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Legislature's budget panel to consider voter ID

The Associated Press  |  posted 37 minutes ago
The Legislature's budget committee plans to meet Tuesday to consider a request to spend about $461,000 to educate voters about the voter identification law before the Nov. 4 election.
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Ford adding 1,000 new jobs in Canada

Rob Gillies, Associated Press  |  posted 38 minutes ago
Ford Motor Co. said Wednesday it is adding 1,000 jobs at its plant near Toronto to build the 2015 Ford Edge crossover SUV for the global market.
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