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Average US 30-year mortgage rate falls to 4.09 percent

The Associated Press  |  Posted  Jan 19th - 9:21am

Long-term US mortgage rates marked their third week of declines this week, after snapping a nine-week run of increases.

The Latest: Trump energy pick slams transition questionnaire

The Associated Press  |  Posted  Jan 19th - 9:13am

The Latest on Congress (all times EST):

Saudi Arabia says another OPEC cut possible in 2017

Pan Pylas, Associated Press  |  Posted  Jan 19th - 9:11am

OPEC countries could cut oil production again this year, Saudi Arabia's energy minister said Thursday.

Former CP CEO teaming with investor to target CSX railroad

Josh Funk, Associated Press  |  Posted  Jan 19th - 9:11am

The executive who orchestrated the financial turnaround of Canadian Pacific railroad over the past five years is teaming up with an activist investor to target CSX railroad.

APNewsBreak: Sweden not giving up fight over lobster imports

Patrick Whittle, Associated Press  |  Posted  Jan 19th - 9:04am

Sweden isn't giving up on a long-running battle with the U.S. and Canada over lobsters that have turned up in Swedish waters.

Perry says he regrets call to eliminate Energy Department

Matthew Daly, Associated Press  |  Posted  Jan 19th - 9:04am

Former Texas Gov. Rick Perry, tapped by President-elect Donald Trump to head the Energy Department, said Thursday he regrets his infamous statement about abolishing the federal agency and insisted it performs a critical function.

Lawmaker fires aide behind fake news site

The Associated Press  |  Posted  Jan 19th - 9:02am

A Maryland lawmaker has fired a legislative aide who was behind a fake news site that accused Democratic presidential nominee Hillary Clinton of election-rigging.

ECB keeps stimulus on high even as economy picks up

David McHugh, Associated Press  |  Posted  Jan 19th - 9:01am

The head of the European Central Bank has warned there is still little sign of an enduring pick-up in shop prices and workers' wages in the eurozone — a symptom of economic weakness that means the bank will leave its stimulus programs running nearly full blast at least until year-end.

The Latest: Yale-educated economist takes key European post

The Associated Press  |  Posted  Jan 19th - 8:51am

The Latest on the European Central Bank's monetary policy meeting (all times local):

Average US 30-year mortgage rate falls to 4.09 percent

The Associated Press  |  Posted  Jan 19th - 8:51am

Long-term U.S. mortgage rates have declined for the third week in a row, following a nine-week run of increases.

Hotelier Schrager says pardon by Obama will bring closure

The Associated Press  |  Posted  Jan 19th - 8:51am

Hotelier and real estate developer Ian Schrager says his presidential pardon will bring important closure for him and his family.

North Dakota landowners sue over Dakota Access easements

Blake Nicholson, Associated Press  |  Posted  Jan 19th - 8:44am

A group of about two dozen North Dakota landowners is suing the developer of the disputed Dakota Access oil pipeline for alleged deceit and fraud in acquiring land easements.

Trump's Treasury pick defends his foreclosure actions

Martin Crutsinger, Associated Press  |  Posted  Jan 19th - 8:40am

Steven Mnuchin, Donald Trump's pick to lead the Treasury Department, on Thursday defended his handling of thousands of foreclosures during the height of the financial crisis, saying he had worked hard to assist homeowners to refinance so they could keep their homes.

Grain lower, livestock mixed

The Associated Press  |  Posted  Jan 19th - 8:31am

Grain futures were lower Thursday in early trading on the Chicago Board of Trade.

US stock indexes still treading water; bond yields climb

Stan Choe, Associated Press  |  Posted  Jan 19th - 8:31am

Railroad stocks chugged higher in early trading Thursday, but drops for utilities and other companies that pay big dividends meant U.S. stock indexes were treading water once again. Treasury yields continued their march higher.

Grain lower, livestock mixed

The Associated Press  |  Posted  Jan 19th - 8:31am

Grain futures were lower Thursday in early trading on the Chicago Board of Trade.

Utah 1 of 13 states suing to block Obama coal mining rule

The Associated Press  |  Posted  Jan 19th - 8:30am

Texas and 12 other states, including Utah, have asked a federal court to block final rules from President Barack Obama's administration designed to reduce coal mining's impact on streams.

US jobless claims hit lowest level in more than 43 years

Paul Wiseman, Associated Press  |  Posted  Jan 19th - 8:21am

The number of Americans seeking unemployment benefits dropped last week to the lowest level in more than 43 years, another sign that most American workers enjoy job security.

Appeals court affirms conviction of coal CEO in deadly blast

The Associated Press  |  Posted  Jan 19th - 8:11am

A federal appeals court has affirmed the conviction of former Massey Energy CEO Don Blankenship in connection with the deadliest U.S. mine disaster in four decades.

It's getting harder for a plane to vanish and not be found

Joan Lowy, Associated Press  |  Posted  Jan 19th - 8:11am

Nearly three years after a Malaysian airliner vanished, it's still possible, if unlikely, for a plane to disappear. But that's changing with new satellites that will soon allow flights to be tracked in real time over oceans.