Business News

AP News - 1 hour ago

WASHINGTON (AP) — Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter sa ...more

AP News - 1 hour ago

WASHINGTON (AP) — How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much.In mega-settlements negotiated with the government, a dollar is rarely worth an actual dol ...more

AP News - 1 hour ago

PHOENIX (AP) — Residents began cleaning up Wednesday from devastating flooding that slammed Arizona a day earlier, trapping people in vehicles and homes and destroying up to $2 million worth of inventory at a cactus nursery north of Phoenix.The ...more

AP News - 1 hour ago

ORLANDO, Fla. (AP) — SeaWorld Entertainment has dropped an appeal of citations it received after the drowning of a trainer who was pulled under by a killer whale, ending any chance of trainers ever again swimming with orcas during shows.The mari ...more

AP News - 2 hours ago

Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room.The trend, fueled by the two-year housing recovery, has helped spur many borrowers to take out a home equity line of cr ...more

AP News - 3 hours ago

MONROVIA, Liberia (AP) — Riot police and soldiers acting on their president's orders used scrap wood and barbed wire to seal off 50,000 people inside their Liberian slum Wednesday, trying to contain the Ebola outbreak that has killed 1,350 people and c ...more

AP News - 3 hours ago

CINCINNATI (AP) — Picture this: A woman walking down the street wearing a dirndl skirt and bust-hugging bodice paired with ankle boots. Or a man sporting lederhosen — leather shorts, traditionally worn with suspenders — with a T-shirt and sneakers. ...more

AP News - 4 hours ago

The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later. In the bond market, prices fell and yiel ...more

AP News - 4 hours ago

NEW YORK (AP) — Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:NYSEHertz Global Holdings Inc., down $1.23 to $30.33The rental car company withdrew its profit g ...more

AP News - 5 hours ago

CHICAGO (AP) — Grain futures were lower Wednesday on the Chicago Board of Trade.Wheat for Dec delivery fell 8.5 cents to $5.50 a bushel; Dec corn was 4.75 cents lower at 3.675 a bushel; Dec oats were off .25 cent at $3.395 a bushel; while Nov so ...more