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Kenya's president signs law to cap banks' interest rates

Tom Odula, Associated Press  |  Posted  Aug 24th - 8:51am

Kenya's president on Wednesday said he signed into law a bill that caps interest rates for bank lending and deposits, saying it is clear that Kenyans are frustrated with the "lack of sensitivity" by the financial sector.

Grain lower, livestock lower

The Associated Press  |  Posted  Aug 24th - 8:50am

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

Maine land from Burt's Bees founder is new national monument

The Associated Press  |  Posted  Aug 24th - 8:43am

President Barack Obama has declared a new national monument in Maine on 87,000 acres of scenic woodlands donated by the founder of Burt's Bees.

EU backs former Greek statistics chief facing trial

Derek Gatopoulos and Lorne Cook, Associated Press  |  Posted  Aug 24th - 8:41am

The European Union's executive commission on Wednesday publicly defended Greece's former statistics chief, who is facing trial over accusations he exaggerated the government's 2009 deficit, which led to years of bailouts and economic misery.

Explorer: No train or tunnel at search site for Nazi train

The Associated Press  |  Posted  Aug 24th - 8:41am

A spokesman for explorers searching for a legendary Nazi "gold train" in Poland says there is "no train, no tunnel" at the site where they have dug extensively.

Ford recalls over 88K vehicles due to stalling problem

The Associated Press  |  Posted  Aug 24th - 8:33am

Ford is recalling more than 88,000 cars and SUVs in North America because the engines can stall without warning due to a fuel pump problem.

Physicians Health Plan to stop offering individual coverage

The Associated Press  |  Posted  Aug 24th - 8:30am

Another health insurance company says it's leaving the Affordable Care Act marketplace in Indiana for 2017, reducing competition and forcing more than 6,000 customers to switch to other coverage.

Another Portuguese bank needs help, this time for $5.7B

Barry Hatton, Associated Press  |  Posted  Aug 24th - 8:30am

For Portuguese taxpayers fed up with coming to the rescue of troubled banks, there's bad news: another one needs help.

US home sales fell in July amid inventory shortage

Josh Boak, Associated Press  |  Posted  Aug 24th - 8:30am

US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.

Nigeria's Central Bank bans 9 local banks from trading forex

The Associated Press  |  Posted  Aug 24th - 8:21am

Nigeria's Central Bank has banned nine local banks from trading in foreign exchange, accusing them of withholding $2.1 billion in government funds.

World's largest aircraft damaged on 2nd test flight

The Associated Press  |  Posted  Aug 24th - 8:10am

The developer of the world's largest aircraft says the blimp-shaped airship sustained damage after it made a bumpy landing Wednesday on its second test flight in eastern England.

The Latest: Oil lease sale: 3 companies bid on 24 tracts

The Associated Press  |  Posted  Aug 24th - 8:00am

The Latest on federal oil lease sale (all times local):

Man gets prison for killing 2 housekeepers at Ohio facility

The Associated Press  |  Posted  Aug 24th - 8:00am

A chef who admitted fatally shooting two housekeepers at an assisted living facility in suburban Cleveland is expected to spend the rest of his life behind bars after pleading guilty and saying he can't explain a motive for the murders.

The Latest: Libertarian Johnson to appear on Ohio ballot

The Associated Press  |  Posted  Aug 24th - 7:51am

The Latest on the U.S. presidential race (all times EDT):

Markets Right Now: US stocks open lower

The Associated Press  |  Posted  Aug 24th - 7:50am

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

AstraZeneca to sell molecule antibiotics business to Pfizer

The Associated Press  |  Posted  Aug 24th - 7:50am

Pharmaceutical company AstraZeneca plans to sell its molecule antibiotics business to Pfizer in a deal that will be valued in excess of $1.5 billion when rights, royalties and other payments are included.

28 students to get police escort due to oil pipeline protest

The Associated Press  |  Posted  Aug 24th - 6:30am

Some students who attend school in Mandan will be getting a police escort to classes due to a protest over an oil pipeline.

Many donors to Clinton Foundation met with her at State

Stephen Braun and Eileen Sullivan, Associated Press  |  Posted  Aug 24th - 6:30am

More than half the people outside the government who met with Hillary Clinton while she was secretary of state gave money — either personally or through companies or groups — to the Clinton Foundation. It's an extraordinary proportion indicating her possible ethics challenges if elected president.

Qatari state fund buys stake in NY's Empire State Building

Jon Gambrell, Associated Press  |  Posted  Aug 24th - 6:10am

Qatar's sovereign wealth fund has made an iconic purchase in America — a stake in the company that owns New York's Empire State Building.