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Oil Gains More Than $2, Brent Rebounds From 16-Month Low

Wed, 09/03/2014 - 3:46pm
Crude oil prices jumped by more than $2 a barrel on Wednesday off multimonth lows as the prospect of peace talks between Ukraine and Russia combined with strong U.S. economic data to raise demand expectations.
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Tesla Plans ‘Major’ Announcement in Nevada

Wed, 09/03/2014 - 3:42pm
Tesla plans to make an economic development announcement in Nevada, with one report saying the state was chosen as the future home of the Gigafactory.
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Architects Norman Foster, Fernando Romero to build Mexico City airport

Wed, 09/03/2014 - 3:26pm
British architect Norman Foster and Mexican colleague Fernando Romero have had their design chosen for Mexico City's new $9.2-billion airport.
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Slain US journalist was also an Israeli citizen; Obama vows to 'degrade and destroy' militants

Wed, 09/03/2014 - 3:20pm
Israel confirmed on Wednesday that slain American journalist Steven Sotloff was also an Israeli citizen, while President Barack Obama vowed to build a coalition to "degrade and destroy" the extremist group that carried out the videotaped beheading.
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U.S. Auto Sales Reach Highest Level In Nine Years

Wed, 09/03/2014 - 3:18pm
Light vehicle sales rose to a seasonally adjusted annual rate of 17.53 million in August, up from 16.48 million in July and the best level since July 2005, according to data compiled by Autodata.
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Tesla To Choose Nevada As Final 'gigafactory' Site: WSJ

Wed, 09/03/2014 - 3:11pm
Tesla Motors Inc. has chosen Nevada as the state to house its battery plant, The Wall Street Journal reported Wednesday.
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Activist Investor Carl Icahn Sells Entire Stake in Family Dollar, Makes $200M: Report

Wed, 09/03/2014 - 3:04pm
Billionaire investor Carl Icahn has sold his entire stake in Family Dollar Stores, making a profit of about $200 million on the investment, according to sources familiar with the matter on Wednesday.
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Report: Health Spending Projected to Increase Over Next Decade

Wed, 09/03/2014 - 2:57pm
A new report from the Office of the Actuary at the Centers for Medicare and Medicaid Services  projects that health spending will increase by 3.6% in 2013, but will increase considerably over the next 10 years.
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Verizon will pay $7.4 million to settle with FCC over consumer privacy investigation

Wed, 09/03/2014 - 2:56pm
Verizon will pay $7.4 million to settle with The Federal Communications Commission over allegations that it used customers' personal information for marketing purposes The FCC found that Verizon Communications Inc. failed to notify about 2 million new customers of their privacy rights on first invoices or welcome letters for several years beginning in 2006.
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Casino Closures Brings Mass Unemployment Filing

Wed, 09/03/2014 - 2:45pm
Carrying identification documents and bitterness over their sudden joblessness, hundreds of ex-casino workers began filing for unemployment Wednesday morning, the first attendees at an assistance center that expects to process 5,000 newly laid-off workers over the next three days.
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AP Mexico and Central America correspondent Olga Rodriguez to join San Francisco bureau

Wed, 09/03/2014 - 2:13pm
Olga Rodriguez, a Mexico and Central America correspondent for The Associated Press for more than a decade, is joining the news organization's San Francisco bureau.
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Phones, watches, virtual-reality headset among gadgets unveiled at Berlin tech show

Wed, 09/03/2014 - 2:13pm
Samsung and other electronics companies used the IFA trade show in Berlin to showcase their holiday lineups.
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Investment firm Starboard Value rejects latest board proposal from Olive Garden parent Darden

Wed, 09/03/2014 - 2:03pm
Starboard Value LP will continue its proxy fight with Darden Restaurants, as the activist investor rejected the latest offer from the operator of Olive Garden restaurants to resolve a dispute over control of the company.
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Federal Reserve survey finds economy expanding at moderate pace across US in past 2 months

Wed, 09/03/2014 - 2:00pm
A Federal Reserve survey shows the U.S. economy strengthening in all regions in July and August in areas from consumer spending to auto sales to tourism.
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Unemployment rate in New England inches to 5.8 percent; Rhode Island rate one of highest in US

Wed, 09/03/2014 - 2:00pm
The unemployment rate in New England ticked up to 5.8 percent in July, but it's still lower than the national average.
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Fed Beige Book Sees No Shift In Moderate Growth Pace

Wed, 09/03/2014 - 2:00pm
The economy continued on a moderate or modest growth path through late August, with only the housing sector lagging behind, according to the Federal Reserve's latest Beige Book report on current economic conditions released Wednesday.
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Passenger speaks out about seat dispute that diverted airline flight, says he's embarrassed

Wed, 09/03/2014 - 1:58pm
The businessman whose dispute with a fellow airline passenger over a reclined seat sparked a national debate about air-travel etiquette says he's embarrassed by the way the confrontation unfolded.
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Hagel: US needs to invest in innovation to maintain military superiority

Wed, 09/03/2014 - 1:57pm
The U.S. military's technological superiority is being challenged by other nations, including China and Russia, and in order to maintain its dominance America must be more innovative in how it develops and buys new technologies, Defense Secretary Chuck Hagel told industry leaders here Wednesday.
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Economy Expanding More Quickly, Fed Says in Beige Book Report

Wed, 09/03/2014 - 1:51pm
The U.S. economy expanded at a 'moderate' pace across much of the nation with the auto industry showing strong growth, and banking conditions improving.
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Medical Devices companies shares mixed at 1 p.m.

Wed, 09/03/2014 - 1:34pm
Shares of some top medical devices companies are mixed at 1 p.m.: Allergan fell $1.44 or .9 percent, to $165.01.
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