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U.S. stocks crept higher following news that the economy surged ahead in the spring. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday. Most world markets were mixed.
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Overhaul approved for troubled California refinery

The Associated Press  |  posted 50 minutes ago
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 51 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 Jul 30th - 8:20am
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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Yemen nearly doubles fuel prices to narrow deficit

Ahmed Al-Hajj, Associated Press  |  posted 21 minutes ago
Yemen's government has nearly doubled fuel prices in an attempt to reform government subsidies and narrow a budget deficit.
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Grain mixed, livestock mostly higher

The Associated Press  |  posted 30 minutes ago
Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade.
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The Associated Press  |  posted 31 minutes ago
Early trading on the Chicago Board of Trade Wed.:
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The Associated Press  |  posted 31 minutes ago
Early trading on the Chicago Board of Trade Wed.:
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Revised data: US grew faster in 2nd half of 2013

Christopher S. Rugaber, Associated Press  |  posted 39 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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Fiat 2Q profits drop by 55 percent

The Associated Press  |  posted 39 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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US economy grew at strong 4 percent rate in spring

Martin Crutsinger, Associated Press  |  posted 40 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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Hyundai recalls 883K Sonatas to fix gear shifters

The Associated Press  |  posted 41 minutes ago
Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.
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Thai junta sets plan for fast rail links to China

The Associated Press  |  posted 51 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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Greece: Farm owner cleared over migrant shootings

The Associated Press  |  posted Jul 30th - 8:21am
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 Jul 30th - 8:20am
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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