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Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.
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Apple's stock bounces back to hit a new high

Michael Liedtke, Associated Press  |  posted Aug 20th - 12:52pm
Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
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Why Bank of America deal might not cost it $17B

Jeff Horwitz, Associated Press  |  posted Aug 20th - 12:43pm
How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.
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Brine firm sues over biblical fracking billboard

Julie Carr Smyth, Associated Press  |  posted 19 minutes ago
An Ohio man who uses a biblical reference and a statement against "poisoned waters" on billboards opposing wells for disposal of gas-drilling wastewater is fighting a legal threat from the Texas well owner on free-speech grounds.
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Some Fed officials want to slow economic help soon

Martin Crutsinger, Associated Press  |  posted 27 minutes ago
Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates.
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Federal agency has questions about hospital deals

The Associated Press  |  posted 28 minutes ago
Gov. Bobby Jindal's revised financing plan for six LSU hospital privatization deals is running into questions from federal health officials who rejected a previous version.
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Argentina defends plan to pay creditors outside US

Almudena Callatrava, Associated Press  |  posted 49 minutes ago
Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month.
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Grain lower, livestock lower

The Associated Press  |  posted 57 minutes ago
Grain futures were lower Wednesday on the Chicago Board of Trade.
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Stocks push higher in last hour of trading

Ken Sweet, Associated Press  |  posted 58 minutes ago
Stocks were on pace for third straight day of gains Wednesday, despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later. In the bond market, prices fell and yields rose as investors prepared themselves for higher interest rates.
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US government sells 400,000 acres in Gulf of Mexico off Texas coast

The Associated Press  |  posted 58 minutes ago
The federal government has sold more than 400,000 acres in the western Gulf of Mexico off the Texas coast for oil and gas exploration and development.
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Warren Buffett's firm to pay $896,000 penalty

Josh Funk, Associated Press  |  posted 59 minutes ago
Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp. beforehand.
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The Associated Press  |  posted Aug 20th - 1:21pm
Futures trading on the Chicago Board of Trade Wed.:
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The Associated Press  |  posted Aug 20th - 1:21pm
Futures trading on the Chicago Board of Trade Wed.:
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Cornhog, anyone? Boise man brings out the bacon

Katy Moeller, Associated Press  |  posted Aug 20th - 1:11pm
Nicholas Jones was an MBA student at the University of Notre Dame when he came up with the idea for his Western Idaho Fair concession stand, now in its second year.
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Dubai's Nakheel to pay $2.1 billion in debt early

Aya Batrawy, Associated Press  |  posted Aug 20th - 12:41pm
Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month — nearly four years before the last installment is due.
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