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Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record losses at the family bank and a police investigation.
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Ratings agency: Argentina in 'selective default'

The Associated Press  |  posted 29 minutes ago
Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of downgrades amid a standoff between the South American country and some creditors.
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Terror threats at chemical plants underestimated

Hope Yen, Associated Press  |  posted 29 minutes ago
The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to terrorists, congressional investigators say.
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Congress cooperates _ and fights _ as recess nears

David Espo, Associated Press  |  posted 29 minutes ago
Eager to begin a monthlong break, Congress leavened its customary heavy partisanship on Wednesday with a pinch of compromise, advancing legislation to repair the deeply troubled Department of Veterans Affairs and working to clear funds for highway construction at home and missile defense in Israel.
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House approves VA health care overhaul

Matthew Daly, Associated Press  |  posted 29 minutes ago
The House overwhelmingly approved a landmark bill Wednesday to refurbish the Veterans Affairs Department and improve veterans' health care.
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Here is the latest Idaho news from The Associated Press

The Associated Press  |  posted 9 minutes ago
For the first time in more than 20 years, Idaho lands officials are considering increasing how much ranchers pay to graze on state lands. The Times-News reports that Idaho's grazing fees are lower than neighboring states and the state hasn't updated its fee formula since 1993. Ranchers say an increase might push them to graze on federal land.
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The Associated Press  |  posted 9 minutes ago
A snapshot of major stock and commodities market indicators Wednesday:
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Judge says Crystal CEO should testify in lawsuit

Dave Kolpack, Associated Press  |  posted 9 minutes ago
A federal judge says American Crystal Sugar Co. CEO David Berg should testify in a federal lawsuit pitting the refined sugar manufacturer against the corn syrup industry.
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Correction: Exxon Mobil-Gay Rights story

The Associated Press  |  posted 9 minutes ago
In a story July 22 about new federal anti-discrimination rules, The Associated Press reported erroneously the value of Exxon Mobil Corp. shares held by investors who supported amending the company's equal employment opportunity statement. The New York state comptroller said the investors' shares are worth about $51.4 billion, not $41.5 billion.
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Report: Jet hit unlisted pole in fatal Ga. crash

The Associated Press  |  posted 9 minutes ago
A federal report says a private plane hit an unlisted utility pole at an airport, then crashed last year, killing a Georgia vascular surgeon and four of his colleagues.
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Argentina officials stage 11th-hour talks in NYC

Claudia Torrens, Associated Press  |  posted 19 minutes ago
Argentina's economy minister led a last-gasp effort Wednesday to strike a deal with U.S. creditors that would prevent the South American country from slipping into default.
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Ohio: 2nd fine levied against prison food vendor

Andrew Welsh-Huggins, Associated Press  |  posted 29 minutes ago
The state on Wednesday announced a second fine against the private vendor that took over the job of feeding inmates last year as the company defended its operations before a prisons oversight committee.
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Portland OKs Airbnb-type short-term rentals

Steven Dubois, Associated Press  |  posted 39 minutes ago
The Portland City Council voted Wednesday to legalize short-term rentals in single-family homes, giving added legitimacy to rental websites such as Airbnb.
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US judge slaps $1.3B fine on Bank of America

Ken Sweet, Associated Press  |  posted 39 minutes ago
A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments.
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Fed offers a dual message on health of US economy

Martin Crutsinger, Associated Press  |  posted 39 minutes ago
The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar.
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