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The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday.
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New restrictions on hydrocodone to take effect

Matthew Perrone, Associated Press  |  posted 29 minutes ago
The federal government is finalizing new restrictions on hundreds of medicines containing hydrocodone, the highly addictive painkiller that has grown into the most widely prescribed drug in the U.S.
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Average US 30-year mortgage rate at 4.10 pct

The Associated Press  |  posted 49 minutes ago
Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year.
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Stocks move higher; S&P 500 heading for a record

The Associated Press  |  posted 58 minutes ago
U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close.
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Honda bolsters Fit to boost crash resistance

Tom Krisher, Associated Press  |  posted Aug 21st - 9:50am
When the subcompact Fit failed a crash test, Honda went back to the drawing board.
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Hostess closing bakery that created the Twinkie

The Associated Press  |  posted 9 minutes ago
Hostess Brands plans to close the suburban Chicago bakery where the Twinkie was invented in 1930, cutting 400 jobs and shuttering a piece of American baking history.
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Head of securities firm sentenced for fraud

The Associated Press  |  posted 19 minutes ago
The president of a failed southwest Idaho property management company has been sentenced to 20 years in federal prison without the possibility of parole for defrauding investors.
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STOCKS IN THE SPOTLIGHT

The Associated Press  |  posted 39 minutes ago
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.
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Music site SoundCloud to start paying artists

The Associated Press  |  posted 39 minutes ago
SoundCloud says it will start paying artists and record firms whose music is played on the popular streaming site.
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Amazon starts selling physical books in Brazil

The Associated Press  |  posted 39 minutes ago
Online retailer Amazon has started selling physical books in Brazil, two years after it began selling books in digital format in Latin America's biggest country.
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Stocks move higher for a fourth day

Ken Sweet, Associated Press  |  posted 47 minutes ago
U.S. stocks were mostly higher in midday trading Thursday, helped by a report that showed the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago.
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Columbus college could get local transit service

The Associated Press  |  posted Aug 21st - 9:50am
The city of Columbus and the local community college will discuss extending public transit service to the campus.
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US existing home sales rise for 4th straight month

Christopher S. Rugaber, Associated Press  |  posted Aug 21st - 9:40am
Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
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California drought stings bees, honey supplies

Terence Chea, Associated Press  |  posted Aug 21st - 9:32am
California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers.
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NYC Council bill to make kids' fast food healthier

The Associated Press  |  posted Aug 21st - 9:31am
Happy Meals might soon need to get healthier.
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