Automaker Volkswagen says its management has informed its supervisory board about "the current situation regarding possible cartel law issues" following a report that Germany's biggest car makers colluded for years over diesel technology and other issues.
Martin Crutsinger, Associated Press | Posted
Jul 26th - 12:18pm
The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it's edging closer to gradually shrinking its bond holdings, a step that would likely boost long-term borrowing rates including mortgages.
Scott Bauer, Associated Press | Posted
Jul 26th - 12:02pm
Wisconsin has won the fight to build the first U.S. assembly plant for electronics giant Foxconn in a project that's expected to result in billions of dollars in investment in the state and create thousands of jobs in the congressional district of U.S. House Speaker Paul Ryan.
President Donald Trump's choice of a key player in his drive to scale back financial rules would likely push to relax regulations on community banks, ease restrictions on some speculative trading and soften annual tests of big banks' health.
Stan Choe, Associated Press | Posted
Jul 26th - 11:51am
U.S. stocks edged further into record territory Wednesday. Boeing and AT&T rose sharply after posting strong second-quarter results. Energy companies rose with the price of oil. Treasury yields took a step backward after the Federal Reserve held short-term interest rates steady.
David Koenig, Associated Press | Posted
Jul 26th - 11:51am
Boeing reported higher-than-expected earnings for the second quarter despite lower revenue, and it raised its forecast for full-year profit on Wednesday, sending both the aircraft maker's stock and the Dow higher.
Alan Fram, Associated Press | Posted
Jul 26th - 11:41am
President Donald Trump accused Alaska Sen. Lisa Murkowski, a fellow Republican, of disappointing the country by opposing the GOP effort to demolish the Obama health care law, after initial votes demonstrated the party will be hard pressed to make any sweeping changes in the statute.
Jim Salter, Associated Press | Posted
Jul 26th - 11:11am
The National Urban League's chief helped christen a new community empowerment center in Ferguson on Wednesday, calling the site a "powerful first step" in helping the St. Louis suburb still mending from unrest over the police shooting death of Michael Brown three years ago.