In private and in public at last week's global central banking conference in Jackson Hole, the message from visiting policymakers was that the Fed has telegraphed an initial monetary tightening and, following a year-long rise in the dollar, financial markets globally are as ready as they can be. But for Agustin Carstens, the top central banker in Mexico, a rate...» Read More
TOPEKA, Kan.-- Kansas' former labor secretary tangled with Gov. The emails obtained by The Associated Press this week through an open records request are the first evidence to come to light afterward that Brownlee was at odds with another high-ranking administration official.
GENEVA-- Apple Inc. has struck a deal with Switzerland's national rail company to license the use of its iconic station clocks for the iOS 6 operating system, which is used by iPhone and iPad mobile devices.
LONDON-- Upbeat earnings from JP Morgan Chase& Co. and a strong U.S. consumer confidence survey helped shore up markets Friday, though investors remained cautious after buying up stocks aggressively the previous day.
RENO, Nev.-- Pershing County officials are asking a judge to dismiss a lawsuit filed by Burning Man organizers who say a new county festival ordinance is unconstitutional and could put the annual counter-culture event in Nevada's Black Rock Desert out of business.
PRAGUE-- Iraq has agreed to buy 28 Czech-made military airplanes in a deal worth $1 billion (775 million), part of a broader effort by Baghdad to rebuild military capabilities destroyed during the U.S.-led invasion of the country, officials said Friday. Iraq only has a few planes and is unable to defend its air space.
MADRID-- Spanish telecommunications company Telefonica has agreed to sell its call center business Atento to private equity group Bain Capital for 1 billion to lower debt. Telefonica SA is trying to reduce its debts worth 58 billion through the sale of non-essential businesses.
Stocks rose on Friday after a government report showed that inflation was tame in September, which will leave consumers with more money to spend if the trend holds up. The Labor Department said Friday that wholesale prices rose 1.1 percent in September. This week saw mixed results from U.S. corporations like Alcoa, Safeway and Yum Brands.
NEW YORK-- Shares of Workday rocketed higher Friday in their first day of trading on the New York Stock Exchange. That's a bigger bump than the 71 percent first-day gain by casino operator Caesars Entertainment Corp. in February and the 41 percent first-day gain for shares of real estate listing site Trulia Inc. last month.
NEW YORK-- A group of retailers and trade groups has launched a last-ditch effort to stop a settlement worth at least $6 billion that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers for alleged fee fixing. The proposed settlement, which was disclosed in July, is expected to be submitted to the U.S. District Court in Brooklyn by Oct. 19.
CHARLESTON, W.Va.-- Federal health officials on Thursday urged a renewed focus on diabetes prevention efforts in West Virginia, where more than one in 10 adults has the disease. The Appalachian Regional Commission sponsored a roundtable discussion attended by health professionals and representatives of state and other agencies.
Ben Chandler appeared Thursday to be losing momentum on fundraising, banking some $300,000 less than his Republican challenger since July 1 in Kentucky's 6th District. Chandler's third-quarter campaign finance report filed Thursday afternoon with the Federal Election Commission shows he raised $500,000 for the quarter.
Set up with noble goals after the devastation of World War II, the EU to critics now appears impotent amid a debt crisis that has widened north-south divisions, threatened the euro currency and plunged several members, from Greece to Ireland to Spain, into economic turmoil.
NEW YORK-- Manny Malhotra is spending his days in the boardroom instead of on the ice in North America or Europe. The Vancouver Canucks forward is craving the normalcy of his hockey life, but these days he finds himself in a suit and getting familiar hellos from hotel staffs and airport employees as he travels to and from New York for negotiations.
WHOLESALE PRICES UP: Wholesale prices rose 1.1 percent in in September, its second consecutive big gain on sharp rises in gasoline costs. THE BACKGROUND: The latest rise reported Friday by the Labor Department followed a 1.7 percent gain in August which had been the largest one-month increase in more than three years.
Stocks are opening mostly slightly higher on Wall Street, but the market is still headed for its worst week since early June. Wal-Mart Stores was the biggest gainer in the Dow following an analyst upgrade, up 73 cents at $75.74. Wells Fargo fell 4 percent, giving up $1.38 to $33.80, after its revenue fell short of what analysts were expecting.
Russia has no legislation specifically defining hate crimes against any group, and three cities, including St. Petersburg, have recently passed laws laws imposing fines of up to $150,000 for providing minors with information on homosexuality, which the laws term "homosexual propaganda."
AUSTIN, Texas-- Lance Armstrong can never ride again in the world's top cycling races. His cancer-fighting foundation, however, plans to plunge ahead, despite the sanctions laid on Armstrong by the U.S. Anti-Doping Agency and its blistering report that portrays the cyclist as cheating his way through seven Tour de France victories.