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Trump choice for Fed board says he likes rule change ideas

Marcy Gordon, Associated Press  |  Posted   Jul 27th - 2:02pm

Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules.

Fund Q&A: Vanguard's new chief investment officer

Stan Choe, Associated Press  |  Posted   Jul 27th - 1:58pm

It's easy to get lulled by the gentle and seemingly unstoppable ride higher that investors have been enjoying with almost all their funds. But it can't last forever.

The Latest: California court bolsters bullet train opponents

The Associated Press  |  Posted   Jul 27th - 1:58pm

The Latest on a California Supreme Court ruling with implications for the state's high-speed rail project (all times local):

GE to cut 575 jobs at Pennsylvania plant, move work to Texas

The Associated Press  |  Posted   Jul 27th - 1:52pm

GE Transportation plans to end most locomotive production at its century-old plant in northwestern Pennsylvania, eliminating about 575 jobs.

Report: Interior chief warns Alaska senators on health care

Matthew Daly, Associated Press  |  Posted   Jul 27th - 1:52pm

Interior Secretary Ryan Zinke called Alaska's two Republican senators to warn them of repercussions for the nation's largest state if they failed to toe the Trump administration line on health care, according to a published report.

S. Carolina's Sanford urges FCC to combat prison cellphones

Meg Kinnard, Associated Press  |  Posted   Jul 27th - 1:52pm

A former South Carolina governor now in Congress wants federal communications officials to help combat the danger of cellphones in the hands of prison inmates, asking Thursday that states be allowed to use technology to jam the signals of cellphones smuggled to inmates behind bars.

UK police: Corporate manslaughter possible in tower fire

The Associated Press  |  Posted   Jul 27th - 1:42pm

British police said Thursday they have "reasonable grounds" to suspect that local authorities may have committed corporate manslaughter in a deadly high-rise fire in London.

US stocks dip; drops for tech stocks offset telecom gains

Stan Choe, Associated Press  |  Posted   Jul 27th - 1:42pm

U.S. stock indexes pulled back from their record highs Thursday after drops for technology, health care and industrial stocks offset another big gain for telecoms.

Scaramucci reports more than $50m in assets

Bernard Condon, Associated Press  |  Posted   Jul 27th - 1:42pm

He vows to be a fresh voice in the Trump administration, but in one way he is like many of the others: He is wealthy, with a vast and complicated array of assets.

Grain higher, livestock mixed

The Associated Press  |  Posted   Jul 27th - 1:36pm

Grain futures were higher Thursday on the Chicago Board of Trade.

Grain higher, livestock mixed

The Associated Press  |  Posted   Jul 27th - 1:36pm

Grain futures were higher Thursday on the Chicago Board of Trade.

Grain higher, livestock mixed

The Associated Press  |  Posted   Jul 27th - 1:36pm

Grain futures were higher Thursday on the Chicago Board of Trade.

Gold up, silver flat

The Associated Press  |  Posted   Jul 27th - 1:36pm

The July gold contract on the New York Mercantile Exchange closed today at $1,259.60 an ounce, up $10.60.

Diesel locomotives replace electric units at New Mexico mine

The Associated Press  |  Posted   Jul 27th - 1:36pm

A coal mine in northwestern New Mexico is going diesel as it replaces electric locomotives that pull trains of coal to supply a power plant near Farmington.

House GOP advancing spending boosts for Pentagon, veterans

Andrew Taylor, Associated Press  |  Posted   Jul 27th - 1:32pm

The GOP-controlled House has given tentative approval to a $1.6 billion down payment for President Donald Trump's long-promised wall along the U.S.-Mexico border. The controversial wall money is being given a ride on legislation to give the Pentagon a massive spending boost and increase funding for veterans medical care.

France nationalizing shipyard amid Italian takeover interest

Elaine Ganley and Philippe Sotto, Associated Press  |  Posted   Jul 27th - 1:32pm

The French government is temporarily nationalizing the country's emblematic Saint-Nazaire shipyard to prevent an Italian company from taking it over at the end of the week and to give France time to negotiate more guarantees in the case of an eventual deal.

Fox News spends bucks to poke fun at The New York Times

David Bauder, Associated Press  |  Posted   Jul 27th - 1:22pm

Fox News Channel gave The New York Times more than $100,000 to poke fun at the newspaper.

Gambler tied to golfer Phil Mickelson gets 5 years in prison

Larry Neumeister, Associated Press  |  Posted   Jul 27th - 1:22pm

A Las Vegas gambler linked to golfer Phil Mickelson was sentenced Thursday to five years in prison by a judge who said the businessman collected tens of millions of dollars illegally in the stock market to seem like "a winner" to himself and others.

AP FACT CHECK: Trump overstates progress at Veterans Affairs

Hope Yen, Associated Press  |  Posted   Jul 27th - 1:14pm

President Donald Trump paints a rosy picture of an improved Department of Veterans Affairs under his watch where accessing electronic medical records is "so easy and so good" and health care is freely available without any delays. The problem: It's not true.