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A stable housing market and fewer bad loans helped lift Wells Fargo's quarterly profit 3 percent.
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Markets steady after Portuguese bank scare

The Associated Press  |  posted Jul 11th - 10:02am
Global stocks steadied somewhat Friday after slumping on worries about the soundness of a bank in Portugal, while trading in Asia was muted over the specter of more financial turmoil in Europe.
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House chairman: $3.7 billion request 'too much'

Erica Werner, Alicia A. Caldwell, Associated Press  |  posted Jul 11th - 10:01am
President Barack Obama's $3.7 billion emergency request for the border crisis is too big and the House won't approve it, the chairman of the House committee that controls spending said Friday.
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Stocks move lower; on track for a weekly loss

The Associated Press  |  posted Jul 11th - 10:00am
U.S. stocks are moving mostly lower in midday trading as investors assess corporate earnings.
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Portuguese bank says it's healthy, markets recover

Barry Hatton, Associated Press  |  posted Jul 11th - 10:00am
Senior Portuguese officials gave assurances Friday about the soundness of Portugal's biggest bank, seeking to defuse tension after world markets went into a spin over fears that Banco Espirito Santo's troubles could reignite Europe's financial difficulties.
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Amazon asks FAA for permission to fly drones

Mae Anderson, Associated Press  |  posted 5 minutes ago
Amazon is officially asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.
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NY attorney general sues to stop ride-sharing Lyft

The Associated Press  |  posted 14 minutes ago
New York's attorney general has sued to block Lyft, the on-demand ride-sharing app, from operating in New York.
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NYC mayor heading to Italy for 10-day vacation

Jonathan Lemire, Associated Press  |  posted 45 minutes ago
Ciao!
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US concerned over Myanmar journalists' sentences

The Associated Press  |  posted 45 minutes ago
The U.S. says it's very concerned that four reporters and a magazine chief executive in Myanmar (mee-an-MAWR') have been sentenced to 10 years of hard labor.
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Patients seek FDA ban on fibroid removal devices

The Associated Press  |  posted 45 minutes ago
More than a dozen members of the public — including cancer patients, their family members and physicians — are calling on federal health regulators to block the use of electronic surgical tools which can inadvertently spread cancer throughout the body.
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STOCKS IN THE SPOTLIGHT

The Associated Press  |  posted 55 minutes ago
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.
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Stocks edge lower, on track for weekly loss

Steve Rothwell, Associated Press  |  posted 55 minutes ago
Stocks edged mostly lower Friday as investors assessed corporate news. The stock market is headed for its biggest weekly loss since April after ending the previous week at a record high.
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New Maine database to reveal graduates' wages

Alanna Durkin, Associated Press  |  posted Jul 11th - 10:10am
As many college graduates grapple with poor job prospects and crushing student debt, Maine officials hope a new database will help prospective students make more informed choices about what degree to pursue and how much they can afford to borrow for their education.
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NHTSA probes 500K Ford cars for steering issues

The Associated Press  |  posted Jul 11th - 10:00am
The National Highway Traffic Safety Administration says it is investigating steering problems in about 500,000 Ford cars.
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House votes to make business tax break permanent

Stephen Ohlemacher, Associated Press  |  posted Jul 11th - 10:00am
The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year.
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