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GM to pay $1M penalty for ignition switch accounting trouble

The Associated Press  |  Posted  Jan 18th - 10:31am

General Motors Co. has agreed to pay a $1 million penalty for violating accounting rules involving its deadly ignition switch scandal.

Trump's strategy on Mexico could be 'dagger at Ohio'

Pan Pylas, Associated Press  |  Posted  Jan 18th - 10:30am

President-elect Donald Trump's threats to firms using Mexico as a manufacturing base will be counterproductive and could eventually cost thousands of American jobs, Lawrence Summers, the former U.S. Treasury Secretary, warned Wednesday.

New Silk Road? 1st China-London freight train arrives

Sylvia Hui, Associated Press  |  Posted  Jan 18th - 10:25am

The first direct freight train service from China to Britain arrived in London Wednesday, another leg in Beijing's plans for closer trade ties with Europe along a modern-day Silk Road.

Price says affordability, access key to health care reform

Ricardo Alonso-Zaldivar and Alan Fram, Associated Press  |  Posted  Jan 18th - 10:23am

President-elect Donald Trump's pick for health secretary said Wednesday that access and affordability were his goals for health care reform, and he offered assurances that the new administration is not planning to launch a Medicare overhaul.

US stock indexes stay stuck; bond yields and dollar rise

Stan Choe, Associated Press  |  Posted  Jan 18th - 10:22am

U.S. stock indexes stuck to their holding pattern Wednesday, as the Standard & Poor's 500 index entered its most listless stretch of trading in more than three years. Bond yields and the dollar resumed their moves higher.

The Latest: EU lawmakers bristle at Trump's Brexit remarks

The Associated Press  |  Posted  Jan 18th - 10:20am

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

Army plans Dakota Access oil pipeline environmental study

Blake Nicholson, Associated Press  |  Posted  Jan 18th - 10:11am

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.

US consumer prices up moderate 0.3 percent in December

Martin Crutsinger, Associated Press  |  Posted  Jan 18th - 10:11am

U.S. consumer prices, driven up by rising energy costs, rose moderately in December, closing out a year in which consumer inflation rose at the fastest pace in five years.

Florida city settles with 2 men injured in Zombicon shooting

The Associated Press  |  Posted  Jan 18th - 10:11am

The city of Fort Myers, Florida, has settled lawsuits with two people who were wounded during a shooting at a Zombicom festival.

The Latest: Colombia expects more progress in peace talks

The Associated Press  |  Posted  Jan 18th - 10:10am

The Latest on the World Economic Forum in Davos, Switzerland (all times local):

Markets Right Now: US stocks are mixed at midday

The Associated Press  |  Posted  Jan 18th - 10:02am

The latest on developments in financial markets (All times local):

CSX railroad expects modest profit growth in 2017

Josh Funk, Associated Press  |  Posted  Jan 18th - 10:01am

CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms.

JPMorgan settles mortgage discrimination lawsuit

Ken Sweet and Larry Neumeister, Associated Press  |  Posted  Jan 18th - 9:51am

JPMorgan Chase will pay $55 million to settle federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crisis.

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.

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.

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.