Estimated read time: 2-3 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
NEW YORK (AP) — Solid earnings from Boeing, AT&T and other big companies are sending stocks higher in afternoon trading on Wall Street. Boeing has seen its biggest gain in nearly eight years after reporting earnings that easily beat analysts' forecasts. AT&T jumped after its earnings beat forecasts and it said its deal to acquire Time Warner should close by the end of the year. Energy companies are rising along with the price of oil.
WASHINGTON (AP) — The Federal Reserve is keeping its benchmark interest rate unchanged, in a range of 1 to 1.25 percent, after raising rates in March and June. The Fed notes that inflation has stayed undesirably low even though the job market keeps strengthening, with the unemployment rate just 4.4 percent. Normally, solid job growth drives up wages and prices. But the Fed's preferred gauge of inflation has moved further below its 2 percent target in recent months.
WASHINGTON (AP) — Passengers at all U.S. airports will soon face new measures for screening electronic devices bigger than a cellphone. Security officers will ask travelers in regular lanes to take the devices out of their bag and put them in a bin by themselves. Officials say that gives X-ray screeners a clearer picture of the devices. The Transportation Security Administration has been testing the procedure at 10 airports for more than a year. The change won't apply to Precheck lanes.
WASHINGTON (AP) — 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. That's according to an invitation to President Donald Trump's White House news conference this afternoon, obtained by The Associated Press. Taiwan-based Foxconn is best known as the assembler of the iPhone. Other states vying for the plant are Michigan, Illinois, Indiana, Ohio, Pennsylvania and Texas.
DES MOINES, Iowa (AP) — U.S. health officials are investigating a salmonella outbreak linked to papayas from Mexico that has killed a person in New York City and sickened another 46 people in 12 states. The Food and Drug Administration and the U.S. Centers for Disease Control and Prevention are investigating. They believe the cause to be salmonella contamination from Maradol papayas. The FDA says consumers should avoid all Caribena brand Maradol papayas.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
