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Treasury clears way for oil spill recovery grants with rules made final Tuesday

Wed, 10/15/2014 - 9:43am
The U.S. Treasury Department says it has cleared the way for Gulf Coast state and local governments to begin applying for recovery grants through a federal RESTORE Act trust fund fed with civil penalties arising from the 2010 BP oil spill.
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Favorable weather helps Minnesota farmers make strong progress on soybean, sugarbeet harvests

Wed, 10/15/2014 - 9:42am
Favorable weather helped Minnesota farmers make strong progress on their soybean and sugarbeet harvesting this past week.
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Dollar Falls To Five-week Low Against Yen After Disappointing U.S. Data

Wed, 10/15/2014 - 9:02am
The U.S. dollar fell to a five-week low against the yen Wednesday morning after a slew of disappointing U.S. economic data rattled investor confidence.
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Charles Schwab Shares Gain After Profit, Revenue Top Expectations

Wed, 10/15/2014 - 9:02am
Shares of Charles Schwab gained 0.9% in premarket trade after the discount broker reported better-than-expected third-quarter results.
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Uncertainty spurs sell-off in Greek stock markets, borrowing rates rise further

Wed, 10/15/2014 - 9:00am
Uncertainty over the government's survival and future of Greece's bailout program has spurred a second day of heavy selling on the Athens Stock Exchange, with the main index down a massive 9.4 percent.
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Review: Better cameras make new phone from Samsung a Note-worthy choice

Wed, 10/15/2014 - 9:00am
With Apple's release of larger-screen iPhones last month, Samsung's flagship Galaxy phones no longer have the distinction of being "the next big thing," as Samsung's ads like to tout.
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Abercrombie Names Hollister Brand President

Wed, 10/15/2014 - 8:58am
Abercrombie & Fitch Co. on Wednesday named 28-year retail industry veteran Fran Horowitz president of its troubled Hollister brand.
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New York Manufacturing Growth Slows Sharply in October

Wed, 10/15/2014 - 8:57am
The New York Federal Reserve gauge of manufacturing activity in the New York region fell to 6.17 in October from 27.54 in September. Wall Street expected a much shallower fall to 20.50.  Readings above 0 point to expansion, while those below indicate contraction.
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HP to resume share repurchase program

Wed, 10/15/2014 - 8:56am
Hewlett-Packard Co said it would resume its share repurchase program, a day after sources told Reuters that the company had ended merger talks with EMC Corp.
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10-year Treasury Yield Falls To Fresh 16-month Low

Wed, 10/15/2014 - 8:55am
Treasury prices jumped Wednesday after a trio of weak data on regional manufacturing, producer prices and retail sales.
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U.S. Retail Sales Fall 0.3% In September Amid Broad Weakness

Wed, 10/15/2014 - 8:47am
U.S. retail sales fell in September for the first time in eight months and the decline would have been even sharper if not for the release of the new iPhones, showing a continued reluctance among Americans to splurge on consumer goods.
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U.S. Stock Futures Fall After Weak Data

Wed, 10/15/2014 - 8:45am
U.S. stock futures headed lower after a trio of economic releases came in weaker than expected, pointing to another day of selling on Wall Street.
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Qualcomm Agrees to Buy CSR for $2.5 Billion

Wed, 10/15/2014 - 8:26am
U.S. Qualcomm Inc (NASDAQ:QCOM) agreed to buy CSR Plc for $2.5 billion, offering what it hopes is a knock-out blow to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices.
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AbbVie Cools on $55B Shire Deal After U.S. Tax Changes

Wed, 10/15/2014 - 8:24am
U.S. pharmaceutical company AbbVie said it was reconsidering its $55 billion takeover of Shire in the wake of U.S. government moves to curb deals designed to cut tax, wiping $13 billion off the London-listed firm's stock price.
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Boire appointed acting president and CEO of Sears Canada

Wed, 10/15/2014 - 8:17am
A Sears executive was named acting president and CEO of Sears Canada on Wednesday.
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Richard Flanagan slams Australian government after winning Booker Prize with wartime tale

Wed, 10/15/2014 - 8:08am
Australian literature-lovers cheered Wednesday after Richard Flanagan won the prestigious Booker Prize with a visceral story of wartime brutality and its aftermath — a novel the head of the judging team said was as powerful as a kick in the stomach.
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Police say 18 hurt when Megabus flips on side in highway median near Indianapolis

Wed, 10/15/2014 - 8:08am
A double-decker passenger bus flipped onto its side on a highway in suburban Indianapolis on Tuesday after striking a crashed car, leaving 18 people with mostly minor injuries, police said.
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Republican governors group raises $21.5 million during summer months

Wed, 10/15/2014 - 8:08am
The Republican Governors Association says it raised $21.5 million in the three-month quarter that ended Sept. 30.
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Bank of America earns 3Q net income of $168M

Wed, 10/15/2014 - 7:45am
CHARLOTTE, N.C.
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Democratic campaign group no longer advertising for Grimes in Kentucky

Wed, 10/15/2014 - 7:42am
The Democratic Senatorial Campaign Committee has stopped running TV ads in Kentucky's U.S. Senate race, a severe blow to Alison Lundergan Grimes in her challenge to Republican leader Mitch McConnell.
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