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Egypt making progress with economic reform plan, IMF says

The Associated Press  |  Posted  Jan 18th - 9:41am

The International Monetary Fund said Wednesday that Egypt is making progress with its economic reform program, although it will still take time to improve living standards in a poor country beset with rocketing inflation.

Commerce nominee Ross declares he is pro-trade, pro-union

Stephen Ohlemacher, Associated Press  |  Posted  Jan 18th - 9:41am

President-elect Donald Trump's pick for commerce secretary said Wednesday that he favors "sensible trade," is pro-union and believes his vast business dealings have given experience fighting other countries' unfair trade practices.

EU, UK take contrasting messages from May's Brexit speech

Jill Lawless and Raf Casert, Associated Press  |  Posted  Jan 18th - 9:41am

European Union leaders on Wednesday countered U.K. optimism about a smooth and mutually beneficial divorce between Britain and the EU, declaring that, no matter what British Prime Theresa May thinks, Britain can't dictate the terms of the separation.

The Latest: Nissan chief says May speech has changed nothing

The Associated Press  |  Posted  Jan 18th - 9:41am

The Latest on Britain's decision to leave the European Union (all times local):

Justices raise doubts over law barring offensive trademarks

Sam Hananel, Associated Press  |  Posted  Jan 18th - 9:40am

The Supreme Court is expressing doubts about a law that bars the government from registering trademarks that are deemed offensive.

Pointed questions for Trump's pick for health secretary

Ricardo Alonso-Zaldivar and Alan Fram, Associated Press  |  Posted  Jan 18th - 9:33am

President-elect Donald Trump's pick for health secretary said Wednesday that the health care system is losing focus on patients, its first priority, and he offered assurances that the new administration is not planning to launch into a Medicare overhaul.

JPMorgan settles mortgage discrimination lawsuit

Ken Sweet and Larry Neumeister, Associated Press  |  Posted  Jan 18th - 9:31am

JPMorgan Chase settled federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crises.

The Latest: EPA pick Pruitt accused of seeking 'dark money'

The Associated Press  |  Posted  Jan 18th - 9:31am

The Latest on Congress (all times EST):

Bill to change inoperative liquor license rules advances

The Associated Press  |  Posted  Jan 18th - 9:20am

A bill that could free multiple retail liquor licenses across the state has advanced out of a legislative committee.

American Airlines to sell restricted 'basic economy' ticket

David Koenig, Associated Press  |  Posted  Jan 18th - 9:20am

If you want to get the cheapest fare on American Airlines, you'll soon have to leave that rolling carry-on bag at home.

Trump EPA pick pledges more cooperation with industry

Michael Biesecker and Matthew Daly, Associated Press  |  Posted  Jan 18th - 9:11am

President-elect Donald Trump's choice to head the U.S. Environmental Protection Agency told senators Wednesday that he intended to work cooperatively with states and industry to return the federal watchdog to what he called its proper role.

Small businesses hope to see Obama-backed rules scrapped

Joyce M. Rosenberg, Associated Press  |  Posted  Jan 18th - 9:10am

Small businesses are hoping to see some high-profile Obama administration regulations scrapped after Donald Trump takes office, with rules affecting overtime, sick leave and the environment among those that may be taken off the books.

Grain mixed, livestock mixed

The Associated Press  |  Posted  Jan 18th - 8:51am

Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade.

Army plans Dakota Access oil pipeline environmental study

Blake Nicholson, Associated Press  |  Posted  Jan 18th - 8:51am

The Army has started the process of launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing of the Missouri River in North Dakota, though a federal judge could stop the effort.

Grain mixed, livestock mixed

The Associated Press  |  Posted  Jan 18th - 8:50am

Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade.

US stock indexes mixed; bond yields and dollar climb again

Stan Choe, Associated Press  |  Posted  Jan 18th - 8:50am

U.S. stock indexes were mixed in a listless morning of trading Wednesday, while bond yields and the dollar moved higher again.

Target lowers 4Q profit and sales outlook

Anne D'Innocenzio, Associated Press  |  Posted  Jan 18th - 8:31am

Target cut its fourth-quarter profit and sales outlook after the discounter wrestled with sluggish holiday traffic in its stores and weak sales in key areas like electronics and food that offset a surging online business.

Temple to rename communication school in honor of Lew Klein

The Associated Press  |  Posted  Jan 18th - 8:11am

Temple University has announced it will rename its School of Media and Communication to honor Philadelphia broadcast pioneer Lew Klein.

Goldman Sachs results beat estimates, helped by trading

Ken Sweet, Associated Press  |  Posted  Jan 18th - 7:51am

Goldman Sachs reported fourth-quarter earnings that beat analysts' forecasts Wednesday as the bank recovered from a difficult quarter a year earlier. Results were particularly strong at Goldman's trading desks in the last three months of the year.

The Latest: Dakota Access protest arrests surpass 600

The Associated Press  |  Posted  Jan 18th - 7:51am

The Latest on disputes over the construction of the Dakota Access oil pipeline in North Dakota (all times local):