Business News

AP News - 32 mins ago

WASHINGTON (AP) — Goldman Sachs has agreed to a settlement worth $1.2 billion to resolve claims that it misled U.S. mortgage giants Fannie Mae and Freddie Mac about risky mortgage securities it sold them before the housing market collapsed in 2007. ...more

AP News - 6 hours ago

NEW YORK (AP) — A top U.S. health official plans to travel to West Africa to see firsthand how the Ebola outbreak is unfolding.Dr. Tom Frieden, director of the Centers for Disease Control and Prevention, is scheduled to visit Liberia, Sierra Leo ...more

AP News - 8 hours ago

CHICAGO (AP) — Grain futures were higher Friday on the Chicago Board of Trade.Wheat for Dec delivery rose 6.75 cents to $5.6225 a bushel; Dec corn was 2.5 cents higher at 3.715 a bushel; Dec oats were up 7 cents to $3.5525 a bushel; while Nov so ...more

AP News - 8 hours ago

About 2.2 million bean bag chairs are being recalled following the deaths of two children who suffocated after they crawled inside the chairs. Other recalled products include convertible cribs with a defect that can create a hazardous gap.Here's ...more

AP News - 9 hours ago

HOUSTON (AP) — Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. fell 17 this week to 1,896.The Houston firm said Friday in its weekly report that 1,564 rigs were exploring for oil ...more

AP News - 9 hours ago

FRANKFURT, Germany (AP) — European Central Bank head Mario Draghi said Friday the bank is ready to do more to boost the shaky recovery in the 18 countries that use the euro — but warns governments must join in efforts to reduce stubbornly high unemploy ...more

AP News - 9 hours ago

MEXICO CITY (AP) — Mexico is now launching a special 5,000-strong police force to combat industrial, farm and business crime.Extortions, kidnapping and theft have extended far throughout Mexico's economy, strangling commerce in some regions. ...more

AP News - 11 hours ago

MOLINE, Ill. (AP) — Agricultural equipment maker Deere is laying off about 460 employees indefinitely from an Iowa tractor factory as it continues to adjust to market demand.The Moline, Illinois, company said Friday that the latest round of layo ...more

AP News - 12 hours ago

MACHAKOS, Kenya (AP) — In an industrial area outside Kenya's capital city, workers in hard hats and white masks take shiny new power drills to computer parts. This assembly line is not assembling, though. It is dismantling some of the estimated 50 mill ...more

AP News - 12 hours ago

NEW YORK (AP) — McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years.The world's biggest hamburger chain says it's bringing back a longtime McDonal ...more