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  • Bank of America agrees to nearly $17B settlement Thursday, 21 Aug 2014 | 12:40 AM ET

    WASHINGTON— Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. But as with previous settlements with JPMorgan Chase and Citigroup, the true cost of that relief is likely to be a good deal less.

  • DIARY - Top economic Events to Sep 3 Wednesday, 20 Aug 2014 | 8:01 PM ET

    GUELPH- Canadian Finance Minister Joe Oliver will speak to reporters before a business roundtable in Guelph, Ontario- 1800 GMT. WYOMING, United States- European Central Bank President Mario Draghi to speak on "Reevaluating Labor Market Dynamics" in Jackson Hole, Wyoming- 1830 GMT. STOCKHOLM- Meeting of the General Council of the Riksbank.

  • Two Russian rocket engines arrive in U.S. as planned -ULA Wednesday, 20 Aug 2014 | 6:56 PM ET

    WASHINGTON, Aug 20- Two Russian-built rocket engines arrived in the United States on Wednesday aboard a giant Antonov cargo plane despite fears that tensions between the United States and Russia could disrupt the supply of engines needed to launch U.S. satellites into space.

  • *Ebola death toll rises to 1,350 in West Africa. MONROVIA, Aug 20- Police in the Liberian capital fired live rounds and tear gas on Wednesday to disperse a stone-throwing crowd trying to break an Ebola quarantine imposed on their neighbourhood, as the death toll from the epidemic in West Africa hit 1,350..

  • Cleanup still going at Arkansas train crash site Wednesday, 20 Aug 2014 | 5:36 PM ET

    Two railroad workers were killed and two others were injured when the Union Pacific freight trains crashed. The Union Pacific rail line runs parallel to the highway, where traffic is being detoured. A Union Pacific spokesman didn't return phone and email messages from The Associated Press seeking comment.

  • Canada's Encana Corp invested $2 million to refrack two wells in Louisiana's Haynesville shale formation earlier this year, after seeing its production in the area dip 27 percent from 2012 levels. "There were a significant number of wells that we considered understimulated," said David Martinez, Encana's senior manager for Haynesville development.

  • Obama weighs broader move on legal immigration Wednesday, 20 Aug 2014 | 4:41 PM ET

    Following a bevy of recent White House meetings, top officials have compiled specific recommendations from business groups and other advocates whose support could undercut GOP claims that Obama is exceeding his authority to help people who have already violated immigration laws.

  • WASHINGTON, Aug 20- The U.S. At the same time, most Fed officials wanted further evidence before changing their view on when rates should rise, according to the minutes from the central bank's July 29-30 meeting. "The committee as a whole has started to shift its stance," said Paul Dales, an economist at Capital Economics in London. "

  • Figures on government spending and debt Wednesday, 20 Aug 2014 | 4:00 PM ET

    WASHINGTON— Figures on government spending and debt.

  • *Russia says McDonald's branches breached sanitary rules. MOSCOW, Aug 20- Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.

  • EEOC files lawsuit against Food Lion over firing Wednesday, 20 Aug 2014 | 2:42 PM ET

    WASHINGTON— The U.S. Equal Employment Opportunity Commission has filed a workplace discrimination lawsuit against supermarket chain Food Lion, saying it refused to provide time off for a worker who is a Jehovah's Witness and then fired him. According to the complaint, Victaurius L. Bailey was hired as a meat cutter at a Food Lion in Winston-Salem on June 6, 2011.

  • *Death toll rises to 1,350 in West Africa. MONROVIA, Aug 20- Police in the Liberian capital Monrovia fired live rounds and teargas on Wednesday to disperse a stone-throwing crowd trying to break an Ebola quarantine imposed on their neighbourhood, as the death toll from the epidemic in West Africa hit 1,350..

  • Why Bank of America deal might not cost it $17B Wednesday, 20 Aug 2014 | 2:30 PM ET

    WASHINGTON— How much will Bank of America's expected $17 billion mortgage settlement cost the company? Most of the problem loans were sold by Merill Lynch and Countrywide Financial before Bank of America bought them during the 2008 financial crisis.

  • APNewsBreak: B ofA reaches $17B settlement with US Wednesday, 20 Aug 2014 | 2:16 PM ET

    WASHINGTON— How much will Bank of America's expected $17 billion mortgage settlement cost the company? Most of the problem loans were sold by Merill Lynch and Countrywide Financial before Bank of America bought them during the 2008 financial crisis.

  • MOSCOW, Aug 20- Russia ordered the temporary closure of four McDonald's restaurants in Moscow on Wednesday, a decision it said was over sanitary violations but which comes against a backdrop of worsening U.S.-Russian ties over Ukraine.

  • Yellen to give her outlook as Fed honeymoon fades Wednesday, 20 Aug 2014 | 12:23 PM ET

    WASHINGTON— Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks.

  • Energy secretary pushes for nuclear power Wednesday, 20 Aug 2014 | 11:50 AM ET

    Energy Secretary Ernest Moniz championed the use of nuclear power and urged politicians and leaders in the energy industry to adapt and modernize energy production to help minimize the fallout from global warming.

  • Aug 20- Warren Buffett's Berkshire Hathaway Inc has agreed to pay an $896,000 civil penalty to the U.S. government for having failed to timely report that it had boosted its voting stake in building products company USG Corp.

  • SeaWorld drops appeal of OSHA violation Wednesday, 20 Aug 2014 | 11:30 AM ET

    Last April, the federal appeals court in Washington said SeaWorld' s challenge to the finding was unpersuasive, and that the Occupational Safety and Health Review Commission was correct when it found that the SeaWorld park in Orlando had violated a federal workplace safety law.

  • Social media pushes back at militant propaganda Wednesday, 20 Aug 2014 | 8:14 AM ET

    BEIRUT— The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience.