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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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US economy grew at strong 4 percent rate in spring

Martin Crutsinger, Associated Press  |  posted 5 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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Dubai, European airlines divert flights over Iraq

The Associated Press  |  posted 6 minutes ago
European and Dubai-based airlines have begun rerouting flights over Iraqi airspace as a security precaution, though Iraq says its skies are safe.
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Fiat 2Q profits drop by 55 percent

Colleen Barry, Associated Press  |  posted 16 minutes ago
Italian carmaker Fiat SpA, which controls Chrysler, on Wednesday said second-quarter profits dropped by more than a half due to lower performance in North and Latin America.
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Churchill Downs, Saratoga close to management deal

The Associated Press  |  posted 24 minutes ago
Churchill Downs Inc. is finalizing a deal with the operators of the Saratoga Casino and Raceway to manage the upstate New York gambling facility and another in Colorado, the companies announced Wednesday.
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GOP blocks tax hike on firms moving overseas

Stephen Ohlemacher, Associated Press  |  posted 25 minutes ago
Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas.
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IMF says Cyprus will need more spending cuts

Menelaos Hadjicostis, Associated Press  |  posted 26 minutes ago
The International Monetary Fund said Wednesday that Cyprus will need to make additional spending cuts to meet a key target of its financial rescue program.
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Insurers: 2015 exchange rates likely to spike

Kelli Kennedy, Associated Press  |  posted 35 minutes ago
State insurance officials are preparing to release figures next week on how much health plans will cost under the Affordable Care Act for 2015, and rate increases seem inevitable as insurers say their new consumers are older and sicker than anticipated.
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Alums of Ohio black college fight for its survival

Lisa Cornwell, Associated Press  |  posted 46 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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Passenger dies on US Airways flight to Phoenix

The Associated Press  |  posted 55 minutes ago
Authorities in Phoenix say a passenger has died on a US Airways flight to Phoenix from Honolulu after a suffering an unknown medical emergency.
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Yemen nearly doubles fuel prices to narrow deficit

Ahmed Al-Hajj, Associated Press  |  posted Jul 30th - 9:00am
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 Jul 30th - 8:51am
Grain futures were mixed Wednesday in early trading on the Chicago Board of Trade.
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The Associated Press  |  posted Jul 30th - 8:50am
Early trading on the Chicago Board of Trade Wed.:
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The Associated Press  |  posted Jul 30th - 8:50am
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 Jul 30th - 8:42am
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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