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  • Top subprime mortgage firm accused of abuses Tuesday, 21 Oct 2014 | 1:01 PM ET

    WASHINGTON— The nation's largest servicer of subprime mortgages has engaged in abuses that could potentially harm "hundreds of thousands of borrowers," according to the New York Superintendent of Financial Services. The state regulator issued a letter Tuesday to Ocwen Financial Corp., documenting the same kinds of suspicious actions that worsened the...

  • New efforts to ban tobacco farm child labor Tuesday, 21 Oct 2014 | 12:45 PM ET

    "I think that many members of Congress have been shocked that children are suffering nicotine poisoning from working in U.S. tobacco fields," said Jo Becker, Human Rights Watch's children's rights advocacy director. Philip Morris International, which limits the type of work children can do on tobacco farms, says it would like to see stronger U.S. regulations in...

  • Business events scheduled for Wednesday Tuesday, 21 Oct 2014 | 12:43 PM ET

    WASHINGTON— Labor Department releases Consumer Price Index for September, 8:30 a.m. Eastern time. Boeing Co. reports quarterly financial results before the market opens. AT&T Inc. reports quarterly financial results after the market closes.

  • Homeland Security orders new screening for Ebola Tuesday, 21 Oct 2014 | 12:04 PM ET

    WASHINGTON— Everyone coming to the United States from the three West African countries at the center of the Ebola outbreak will now be screened for the deadly disease at one of five airports, the Homeland Security Department said Tuesday. Earlier this month, Customs and Border Protection officers at New York's Kennedy, Newark Liberty, Washington's Dulles,...

  • Rural areas seek piece of subprime-loan settlement Tuesday, 21 Oct 2014 | 11:51 AM ET

    Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Much of it was concentrated in Appalachia and other areas stretching from Ohio, West Virginia and Kentucky to Mississippi, Louisiana, Texas and the Great Plains, according to government data provided to The Associated Press by...

  • DETROIT, Oct 21- The federal judge overseeing Detroit's historic bankruptcy case wants the city to explain its settlements with creditors and its exit financing in closing arguments next week, he said on Tuesday. Detroit Mayor Mike Duggan had raised concerns about the financing for the city's bankruptcy exit when he testified earlier this month, as well as the...

  • Unemployment rates fall in 31 US states last month Tuesday, 21 Oct 2014 | 10:43 AM ET

    WASHINGTON— Unemployment rates fell in 31 U.S. states in September, including in many where incumbent governors and senators face tough re-election campaigns. The Labor Department said Tuesday that unemployment rates rose in 8 states and were unchanged in 11 states. Colorado and Kentucky, two states with hard-fought Senate campaigns, experienced the...

  • New rules adopted in hopes of spurring home loans Tuesday, 21 Oct 2014 | 10:32 AM ET

    WASHINGTON— Banks will get a break in easier rules for packaging and selling mortgage securities and fewer borrowers will have to make hefty down payments under actions taken by federal regulators. The regulators have dropped a key requirement: a 20 percent down payment from the borrower if a bank didn't hold at least 5 percent of the mortgage securities tied...

  • WASHINGTON— US existing home sales up 2.4 percent in Sept. to fastest rate in 2014; still lags 2013 pace.

  • US existing home sales rise in September Tuesday, 21 Oct 2014 | 10:00 AM ET

    WASHINGTON— U.S. homes sold in September at their fastest clip this year, a sign that the housing market is shaking off a slowdown that began in the middle of 2013.. The National Association of Realtors said Tuesday that sales of existing homes rose 2.4 percent from the previous month to a seasonally adjusted annual rate of 5.17 million. "The worst is over, but don't...

  • WHO: Ebola vaccine trials in W. Africa in January Tuesday, 21 Oct 2014 | 7:19 AM ET

    GENEVA— Tens of thousands of doses of experimental Ebola vaccines could be available for "real-world" testing in West Africa as soon as January as long as they are deemed safe, a top World Health Organization official said Tuesday. The Ebola outbreak in West Africa has already killed over 4,500 people, mostly in Liberia, Guinea and Sierra Leone, since it emerged 10...

  • OSLO, Oct 20- The United States and European Union want the U.N. to stress the low cost of fighting climate change in a draft handbook on the issue that it is compiling, a leaked document showed on Tuesday. The United States wants the handbook to do more to show that the costs of action "will be almost insignificant relative to projected growth," the document showed.

  • Ahead of the Bell: US home sales Tuesday, 21 Oct 2014 | 6:26 AM ET

    WASHINGTON— The National Association of Realtors reports on sales of existing homes in September. The report is scheduled to be released Tuesday at 10 a.m. Eastern. SLIGHT SALES BUMP: Economists believe that sales rose 1 percent to a seasonally adjusted annual rate of 5.1 million last month, according to a survey by data firm FactSet.

  • TOKYO, Oct 21- The time is "ripe" for Japan and the United States to reach a breakthrough in talks for a Trans-Pacific Partnership trade pact, the U.S. commerce secretary said on Tuesday, adding that the two were "a lot closer" to a deal than in recent months. Penny Pritzker, who is in Japan with a trade mission of U.S. energy and medical companies, said both countries needed...

  • The meaning of 'organic' hazy for nonfood items Tuesday, 21 Oct 2014 | 3:14 AM ET

    "The consumer should not need a law degree to read a label," says Laura Batcha, president of the Organic Trade Association, the industry's main trade group. According to the Organic Trade Association, sales of those nonfood organic products were about $2.8 billion last year, a small share of the overall organic market but growing rapidly. USDA doesn't regulate any...

  • Ebola: Why virus kills some, other people survive Tuesday, 21 Oct 2014 | 3:05 AM ET

    And while Thomas Eric Duncan died and two U.S. nurses were infected caring for him, there are successes, too: A nurse infected in Spain has recovered, as have four American aid workers infected in West Africa. The end of quarantine for 43 people in Dallas who had contact with Duncan "simply supports what most of us who know something about the disease have been saying...

  • Lawsuit claims website aids child sex trafficking Tuesday, 21 Oct 2014 | 2:55 AM ET

    SEATTLE— The Washington Supreme Court is set to hear arguments in a case filed by three sex trafficking victims who say the website Backpage.com helps promote the exploitation of children. A federal case was filed in Boston last week. Backpage.com asked a Supreme Court judge to dismiss the case.

  • DALLAS, Oct 20- The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed to prevent medical workers from becoming infected. The new guidelines from the U.S. Centers for Disease Control and Prevention in Atlanta come as 43 people who...

  • WASHINGTON, Oct 20- The Russian government has been ruled out as sponsor of a cyber attack on JPMorgan Chase& Co disclosed in August, U.S. law enforcement officials said on Monday. Officials from the FBI and Secret Service told a news conference at the Financial Services Roundtable in Washington that authorities believe the attack was the work of cybercriminals.

  • DALLAS, Oct 20- The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed when caring for patients infected with the virus. The new guidelines from the U.S. Centers for Disease Control and Prevention in Atlanta come as 43 people who...