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  • LOUISVILLE, Ky.— Chalk up another round for Maker's Mark distillery in fending off claims of misleading marketing for promoting its Kentucky bourbon as handmade. A federal judge in California this week dismissed a lawsuit filed by two consumers who claimed they were misled by the bourbon maker's handmade claims on its bottles, known for their red-wax seal.

  • WASHINGTON— Below is the statement the Fed released Wednesday after its latest policy meeting ended:. Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional...

  • July 29- U.S. stocks stayed higher on Wednesday after the U.S. "No change as expected, markets appear comfortable with that, it certainly is not a surprise," Peter Kenny, chief market strategist at Clearpool Group in New York, said after the Fed's statement was released. At 2:09 p.m., the Dow Jones industrial average was up 69.95 points, or 0.4 percent, to 17,700.22, the...

  • Pence on Wednesday named Jim Schellinger as president of the Indiana Economic Development Corp., the agency Pence turned to for helping improve the state's image following a national uproar earlier this year over Indiana's new religious objections law. Schellinger is CEO of Indianapolis- based CSO Architects and has been a member of the IEDC's board of...

  • WASHINGTON— The Federal Reserve appears on track to raise interest rates later this year but signaled Wednesday that it wants to see further economic gains and higher inflation before doing so. A statement from the Fed after its latest policy meeting provided no timetable. Many analysts foresee the first hike in September, though Fed Chair Janet Yellen has...

  • WASHINGTON— Fed keeps interest rate unchanged, seeks further economic gains before starting hikes.

  • The news comes a year after the Iowa Board of Regents and Deloitte Consulting LLP said the universities could save $16 million to $40 million over the next two years by negotiating joint contracts for goods and services with lower prices. Mark Braun, a University of Iowa administrator leading the effort to find efficiencies at the three schools, conceded...

  • FDA approves stomach-filling balloon for weight loss. FDA approves medical balloon to treat obesity by filling up stomach. Patients are sedated during the procedure, which takes less than 30 minutes, according to an FDA release.

  • *Coffee trade focused on big front-month robusta premium. NEW YORK/ LONDON, July 29- Sugar futures on ICE rallied nearly 4 percent on Wednesday, buoyed by the stronger currency in top grower Brazil and the rising premium of whites over raws, indicating physical demand. Coffee and cocoa futures were also firm as the 19- commodity Thomson Reuters CoreCommodity...

  • Chris Christie administration and ExxonMobil will be discussed in front of a state judge Thursday and New Jersey residents could find out soon if it will be approved. What is expected to be a final hearing between the Department of Environmental Protection and the oil company is scheduled for Thursday in Superior Court in Mount Holly in the 11- year-old case.

  • July 29- Health insurer Anthem Inc, which plans to buy rival Cigna Corp for $54 billion, on Wednesday said medical costs, particularly in its Medicaid and Medicare businesses, were at the low end of expectations and helped boost second-quarter profit. On July 3, No. 3 health insurer Aetna Inc said it would buy rival Humana Inc and Anthem on Friday said it would acquire...

  • Twitter is "not satisfied" with its user growth, co-founder Jack Dorsey, who replaced Dick Costolo as CEO earlier this month, said Tuesday after the earnings report. "Stagnant user growth suggests Twitter is still trying to find its place in the social media food chain," said Colin Sebastian, an analyst at Baird Equity Research, in a note to investors.

  • DETROIT— When a car dealer offers to loan you the money to buy a car at zero interest, it gets your attention. Experian Automotive, which tracks auto loans, says 7 percent of new car loans had an interest rate of 1 percent or lower in the first quarter of this year. Edmunds recommends taking the cash to reduce your total loan amount for the base all-wheel-drive model...

  • ALBUQUERQUE, N.M.— Mary Hudetz, a former Associated Press journalist and current editor of Native Peoples Magazine in Phoenix, will return to the AP in August to become the news cooperative's law enforcement reporter in Albuquerque. "We are excited to have her join our team in Albuquerque." Her nearly two-year stint as editor of the bimonthly Native Peoples...

  • *Fed statement expected at 2 p.m. ET. In a recent congressional testimony, Fed Chair Janet Yellen neither ruled out a September interest rate hike nor guided the market toward thinking it was a done deal. The statement is expected at 2 p.m. ET.

  • Yahoo is trying to make that happen with Livetext, a new app that seeks to make video calling as private as texting. Yahoo says video calls can be better than texts for expressing emotions, but their audio component makes private conversations public. It's the latest example of Yahoo trying to catch up in mobile services since Marissa Mayer became the company's...

  • *Crude futures rise over $1 a barrel before consolidating. NEW YORK, July 29- Oil prices jumped about 2 percent on Wednesday, springing from near six-month lows, after U.S. government data showed a surprisingly large crude stockpile draw that signaled the market may have been wrong in predicting slumping demand for energy. Crude futures have lost over $10 a barrel...

  • SAN FRANCISCO— Microsoft debuted its new Windows 10 operating system Wednesday, in what the company hopes will be a pivotal moment in its bid regain its sway in a world where the PC is no longer king. Microsoft is counting on tens or even hundreds of millions more to download its latest release for free in coming months. Microsoft and major PC makers are planning a...

  • The U.S. Consumer Product Safety Commission says the extendable rack inside the oven can fall out. They were sold at Sears, Pacific Sales and other stores for between $2,500 and $5,000. Whirlpool Corp., based in Benton Harbor, Michigan, says customers should stop using the extendable rack and contact the company for a free inspection and repair.

  • NEW YORK— Shares of Citrix Systems jumped 8 percent Wednesday after the cloud computing company, under pressure from a major shareholder, shook up its top leadership and said it was weighing the sale of portions of the company. The changes come six weeks after Elliott Management Corp., which has a 7.5 percent stake in Citrix, sent a letter to the board and...