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Signoff creates savings funds for private California workers

Jonathan J. Cooper, Associated Press  |  Posted  Sep 29th - 4:30pm

Nearly 7 million California workers will be automatically enrolled in a retirement savings account under legislation Gov. Jerry Brown signed Thursday in an attempt to address growing fears that many workers will be financially unprepared to retire.

NC regulator OKs Duke Energy-Piedmont Natural Gas merger

The Associated Press  |  Posted  Sep 29th - 4:30pm

North Carolina regulators are allowing Duke Energy to expand from being the country's largest electricity company to selling natural gas.

UPDATED

1 dead, over 100 hurt in train crash at New Jersey station

David Porter and Karen Matthews, Associated Press  |  Posted  Sep 29th - 4:22pm

A rush-hour commuter train crashed through a barrier at the busy Hoboken station and lurched across the waiting area Thursday morning, killing one person and injuring more than 100 others in a grisly wreck that renewed questions about whether long-delayed automated safety technology could have prevented tragedy.

US hedge fund to pay $400 million in African bribery case

Tom Hays, Associated Press  |  Posted  Sep 29th - 4:15pm

A major Wall Street hedge fund has agreed to pay more than $400 million to settle charges accusing it of using a web of brazen middlemen to pay bribes to African officials, authorities said Thursday.

Gridlock in Congress may presage more of the same to come

Erica Werner, Associated Press  |  Posted  Sep 29th - 4:12pm

A bitterly divided Congress adjourned Thursday for the election, having accomplished little more than the bare minimum, with lawmakers looking ahead to a lame-duck session and a weighty to-do list already piling up for next year.

Federal judge blocks Arkansas Planned Parenthood defunding

Andrew Demillo, Associated Press  |  Posted  Sep 29th - 4:11pm

A federal judge on Thursday temporarily prohibited Arkansas from blocking Medicaid payments to Planned Parenthood, expanding her order requiring the state to continue paying for services for three patients who had sued over the move.

Prosecutors: Give concert promoter 17-plus years for fraud

Curt Anderson, Associated Press  |  Posted  Sep 29th - 4:11pm

A former South Florida concert promoter who staged tours for major acts such as the Rolling Stones, Elton John and Aerosmith deserves more than 17 years in prison for running his company as a $200 million fraud scheme, a federal prosecutor told a judge Thursday.

Governor prepares Puerto Rico for control board's takeover

The Associated Press  |  Posted  Sep 29th - 4:11pm

Puerto Rico's governor is turning over the reins of his government's finances to a federal control board and outlining what he considers priorities during a televised address to prepare the U.S. territory for a historic change.

A closer look as deadline for Chicago teachers strike nears

Sophia Tareen, Associated Press  |  Posted  Sep 29th - 4:11pm

Teachers in the country's third-largest city have cranked up the heat in contract talks, threatening to go on strike in less than two weeks.

The Latest: Engineer in train crash released from hospital

The Associated Press  |  Posted  Sep 29th - 4:11pm

The Latest on the commuter train that crashed into a station in New Jersey (all times local):

Report says Obama administration failed to follow health law

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Sep 29th - 3:51pm

The Obama administration failed to follow the president's health care law in a $5 billion dispute over compensating insurers for high costs from seriously ill patients, Congress' investigative arm said Thursday.

Senator: Education Dept. mishandling Corinthian student debt

Jennifer C. Kerr, Associated Press  |  Posted  Sep 29th - 3:51pm

The Education Department is pursuing debt collection — rather than debt relief — for nearly 80,000 former students of Corinthian Colleges, despite federal and state findings that the now-defunct for-profit chain defrauded students, Sen. Elizabeth Warren said in a blistering critique of the administration's actions.

US Treasury head touts trade, security in Mexico visit

The Associated Press  |  Posted  Sep 29th - 3:51pm

U.S. Treasury Secretary Jacob Lew made a strong pitch for the Trans-Pacific Partnership trade pact during a visit to Mexico on Thursday.

House lawmakers heap blistering criticism on Wells Fargo CEO

Marcy Gordon and Ken Sweet, Associated Press  |  Posted  Sep 29th - 3:43pm

Angry lawmakers heaped another round of blistering criticism on Wells Fargo's CEO, pressing Thursday for details about what senior managers knew about allegedly illegal sales practices and when any concerns were disclosed.

Yellen pledges to improve Fed's workplace diversity

Martin Crutsinger, Associated Press  |  Posted  Sep 29th - 3:31pm

Chair Janet Yellen said Thursday she is committed to increasing diversity throughout the Federal Reserve system, including the ranks of senior leadership.

Denmark's crown prince couple kick off 2-day Boston trip

The Associated Press  |  Posted  Sep 29th - 3:31pm

Denmark's Crown Prince Frederik and Crown Princess Mary are kicking off a two-day trade mission to Boston.

October oil spill milestone: $520 million in seafood claims

Kevin McGill, Associated Press  |  Posted  Sep 29th - 3:31pm

The administrator of economic loss claims resulting from the 2010 BP oil spill said Thursday that he expects about $520 million in seafood industry claims to be paid in the Gulf of Mexico states as early as next month.

Mylan and NextEra slump; ConAgra, Helmerich & Payne rise

The Associated Press  |  Posted  Sep 29th - 3:21pm

Stocks that moved substantially or traded heavily on Thursday:

Kobach strikes Kansas voter deal, contempt hearing canceled

Roxana Hegeman, Associated Press  |  Posted  Sep 29th - 3:12pm

Thousands of prospective voters who did not provide citizenship documents will be able to cast traditional ballots in the November election in Kansas, rather than being forced to use provisional ones, under a deal brokered Thursday that halted contempt proceedings against the state's top election official.

Ex-Delta executive to pay more than $5 million over trades

The Associated Press  |  Posted  Sep 29th - 3:03pm

A former Delta Air Lines Inc. executive will pay more than $5 million to settle charges that he profited improperly by manipulating trades in energy futures.