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Yellen says Fed close to achieving its economic goals

Martin Crutsinger, Associated Press  |  Posted  Jan 18th - 1:21pm

Federal Reserve Chair Janet Yellen says the economy has come a long way in recovering from the 2008 financial crisis, and the Fed is getting close to achieving its goals of maximum employment and stable inflation.

Court denies a request to arrest Samsung's de facto head

Youkyung Lee, Associated Press  |  Posted  Jan 18th - 1:13pm

A Seoul court says it has denied a request to arrest Samsung Electronics Vice Chairman Lee Jae-yong, a setback to prosecutors investigating an influence-peddling scandal that toppled South Korea's president.

The Latest: Experts warn of cyberattacks on infrastructure

The Associated Press  |  Posted  Jan 18th - 1:11pm

The Latest on the World Economic Forum in Davos, Switzerland (all times local):

Budget pick Mulvaney acknowledges payroll tax lapse

Andrew Taylor, Associated Press  |  Posted  Jan 18th - 1:04pm

Rep. Mick Mulvaney, President-elect Donald Trump's choice to run the White House budget office, failed to pay more than $15,000 in payroll taxes for a household worker more than a decade ago, prompting the Senate's top Democrat to issue a statement saying the lapse should disqualify his nomination.

Correction: Wind Energy story

The Associated Press  |  Posted  Jan 18th - 1:01pm

In a story Jan. 17 about a wind energy project, The Associated Press reported erroneously on the Long Island Power Authority's plans. LIPA spokesman Sid Nathan says the utility plans to vote on whether to award a contract to Deepwater Wind, not that it plans to award the contract.

Consumer agency sues Navient over student loan repayments

The Associated Press  |  Posted  Jan 18th - 1:01pm

Federal regulators have sued Navient, accusing the biggest U.S. student loan company of making it harder for borrowers to repay loans by giving them bad information, processing payments incorrectly and failing to act on complaints.

The Latest: George HW Bush in ICU, wife also hospitalized

The Associated Press  |  Posted  Jan 18th - 1:01pm

The Latest on the hospitalization of former President George H.W. Bush (all times local):

In break with Trump, EPA pick says climate change isn't hoax

Michael Biesecker and Matthew Daly, Associated Press  |  Posted  Jan 18th - 1:00pm

Donald Trump's choice to head the Environmental Protection Agency said Wednesday that climate change is real, breaking with both the president-elect and his own past statements.

New phosphate mine approved in southeastern Idaho

Keith Ridler, Associated Press  |  Posted  Jan 18th - 12:41pm

Two federal agencies have approved a 2.4-mile-long open pit phosphate mine proposed by a Canadian company in southeastern Idaho.

Credit Suisse to pay $5.3B over mortgage-backed securities

The Associated Press  |  Posted  Jan 18th - 12:41pm

Credit Suisse has agreed to pay $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis.

The Latest: Senate panel approves Mattis for defense post

The Associated Press  |  Posted  Jan 18th - 12:41pm

The Latest on Congress (all times EST):

Army plans Dakota Access oil pipeline environmental study

Blake Nicholson, Associated Press  |  Posted  Jan 18th - 12:24pm

The Army has started the process of launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing of the Missouri River in North Dakota, though a federal judge could stop the effort.

Federal Reserve sees growth pickup at end of last year

Christopher S. Rugaber, Associated Press  |  Posted  Jan 18th - 12:22pm

The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages.

CSX railroad expects modest profit growth in 2017

Josh Funk, Associated Press  |  Posted  Jan 18th - 12:21pm

CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms.

For driverless cars, a moral dilemma: Who lives or dies?

Matt O'Brien, Associated Press  |  Posted  Jan 18th - 12:21pm

Imagine you're behind the wheel when your brakes fail. As you speed toward a crowded crosswalk, you're confronted with an impossible choice: veer right and mow down a large group of elderly people or veer left into a woman pushing a stroller.

The Latest: Army tells judge pipeline study should proceed

The Associated Press  |  Posted  Jan 18th - 12:21pm

The Latest on disputes over the construction of the Dakota Access oil pipeline in North Dakota (all times local):

USDA announces stricter animal welfare rules for eggs, meat

Mary Clare Jalonick, Associated Press  |  Posted  Jan 18th - 12:04pm

Organic meat and egg producers will have to abide by stricter animal welfare standards under a new rule announced Wednesday by the Agriculture Department.

Colombia leader says peace talks to start with rebel group

Joshua Goodman, Associated Press  |  Posted  Jan 18th - 12:02pm

Colombia's second-largest rebel group has agreed to free a prominent politician that it has held captive for almost a year, clearing the way for repeatedly postponed peace talks to begin next month, President Juan Manuel Santos said Wednesday.

Insurance equality? States push for cost-free vasectomies

Mary Esch, Associated Press  |  Posted  Jan 18th - 12:02pm

Call it contraception equality.