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Leaders of a San Francisco Bay Area city approved a $1 billion upgrade of Chevron's troubled 1960s-era oil refinery, the largest in Northern California, after the company agreed to safety and piping upgrades and greater community investment, a newspaper reported.
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WellPoint 2Q tops Wall Street expectations

Michelle Chapman, Associated Press  |  posted 8 minutes ago
WellPoint's second-quarter profit fell 8.6 percent as expenses tied to changes in the nation's health care laws climbed.
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Russia counts cost of new economic sanctions

Laura Mills, Juergen Baetz, Associated Press  |  posted 18 minutes ago
Russia blasted the West's new economic sanctions on Wednesday, accusing the U.S. of being "prosecutorial" in its drive to impose penalties on the country's key energy and finance sectors.
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Strong earnings news, US growth lift stocks

The Associated Press  |  posted 38 minutes ago
U.S. stocks are opening higher after several companies reported better earnings than investors were expecting.
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Thai junta sets plan for fast rail links to China

The Associated Press  |  posted 8 minutes ago
Thailand's military government approved a massive budget to upgrade the country's railways including high-speed rail that would eventually link with China as part of an eight-year plan to improve infrastructure, officials said Wednesday.
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Yemen nearly doubles fuel prices to narrow deficit

Ahmed Al-Hajj, Associated Press  |  posted 18 minutes ago
Yemen's government has nearly doubled fuel prices in an attempt to reform government subsidies and narrow budget deficit.
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Greece: Farm owner cleared over migrant shootings

The Associated Press  |  posted 18 minutes ago
A court in southern Greece on Wednesday convicted two employees at a strawberry farm for shooting and wounding 28 migrant workers protesting unpaid wages, but the farm's owner and head foreman were cleared.
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German central bank chief: higher wages justified

The Associated Press  |  posted 18 minutes ago
The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes and inflation sags, and is putting the potential for raises at 3 percent.
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No2 Irish bank profitable for 1st time since 2008

The Associated Press  |  posted 28 minutes ago
Ireland's second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.
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IMF says Cyprus will need more spending cuts

The Associated Press  |  posted 28 minutes ago
The International Monetary Fund says Cyprus will need to make additional spending cuts to meet a key target of its financial rescue program.
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US economy grew at strong 4 percent rate in spring

Martin Crutsinger, Associated Press  |  posted 28 minutes ago
After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.
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Revised data: US grew faster in 2nd half of 2013

Christopher S. Rugaber, Associated Press  |  posted 37 minutes ago
Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
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Alums of Ohio black college fight for its survival

Lisa Cornwell, Associated Press  |  posted 38 minutes ago
Alumni of the country's oldest historically black private university are committing money and other support to help their alma mater's fight for survival amid the risk of accreditation loss and financial deficits and low enrollment.
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Fiat 2Q profits drop by 55 percent

The Associated Press  |  posted 38 minutes ago
Italian carmaker Fiat SpA, which controls Chrysler, says its second-quarter profits dropped by more than a half due to lower performance in North and Latin America.
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Microsoft spreads Cortana abroad in Windows Phone

The Associated Press  |  posted 48 minutes ago
Microsoft is spreading its Cortana digital assistant abroad, starting with China and the U.K.
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British Airways sued in pilot sex abuse allegation

Jason Straziuso, Associated Press  |  posted 58 minutes ago
A London law firm representing 16 girls in Kenya, Uganda and Tanzania said Wednesday it is initiating legal proceedings against British Airways over allegations that one of its pilots sexually abused the girls during layovers.
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