Health care debate has trust, politics themes, too
2013-12-09 21:02:30 UTC
WASHINGTON (AP) — For months, the talk was all about computer code. About response times. About glitches and bugs.
People who didn't know a URL from an http were blithely expounding on software snags and web design, thanks to the clunky launch ...
US household wealth reaches record high $77.3T
2013-12-09 20:27:59 UTC
WASHINGTON (AP) — Americans' wealth reached an all-time this summer, buoyed by record-setting stock prices and a healthy recovery in home values.
The Federal Reserve says to U.S. net worth, a measure of household wealth, rose 2.6 percent to $77.3...
Deal to boost global trade reached at WTO summit
2013-12-07 08:51:09 UTC
BALI, Indonesia (AP) — A deal to boost global trade has been approved by the World Trade Organization's 159 member economies for the first time in nearly two decades, keeping alive the possibility that a broader agreement to create a level playing...
US economy grows at 3.6 percent rate in 3rd qtr.
2013-12-05 17:04:40 UTC
WASHINGTON (AP) — The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from a buildup in business stockpiles, a trend that could reverse in the current quarte...
Russian-US 'Megatons to Megawatts' draws to a close
2013-12-04 10:57:56 UTC
Russia started last week to draw the curtains on a 20-year-old nuclear non-proliferation program as it began to package its last batch of low-enriched uranium (LEU) to the United States under the long-standing “Megatons to Megawatts” program to co...
EU fines banks $2.3 billion for market rigging
2013-12-04 12:00:09 UTC
AMSTERDAM (AP) — The European Commission has fined a group of banks $2.3 billion for colluding to profit from derivatives linked to rigged interest rates.
Competition commissioner Joaquin Almunia said Wednesday the most shocking aspect of the c...
Detroit Bankruptcy: The City Needs Help
2013-12-03 18:05:09 UTC
A federal judge announced on Tuesday that Detroit is eligible for bankruptcy protection – the first time in US history that a major city has been declared bust.
Judge Steven Rhodes of the United States bankruptcy court rejected an attempt by th...
Gov't diagnosis: HealthCare.gov on the mend
2013-12-02 08:49:57 UTC
WASHINGTON (AP) — Computer crashes should be giving way to insurance coverage — if the government's diagnosis of its health care website is correct.
The Health and Human Services Department released a progress report Sunday on its effort get th...
Swiss banks cleared to take part in US tax deal
2013-11-29 18:04:12 UTC
GENEVA (AP) — The Swiss government says it has cleared the first batch of banks to cooperate with U.S. authorities under a deal to stem tax evasion.
The Cabinet gave its approval at a meeting Friday but said in a statement that it won't give in...
Typhoon ruined traditional, high-tech livelihoods
2013-11-26 10:00:24 UTC
TANAUAN, Philippines (AP) — As Typhoon Haiyan tore across the eastern Philippines, coconut plantations older than the fathers of the men who tend them were smashed like matchsticks and call centers that field customer service gripes from around th...
Modest deal breaks deadlock at UN climate talks
2013-11-23 21:47:43 UTC
WARSAW, Poland (AP) — Avoiding a last-minute breakdown, annual U.N. climate talks limped forward Saturday with a modest set of decisions meant to pave the way for a new pact to fight global warming.
More than 190 countries agreed in Warsaw to s...
Senate panel advances Yellen's bid to lead Fed
2013-11-22 09:50:30 UTC
WASHINGTON (AP) — A Senate panel on Thursday advanced Janet Yellen's nomination to lead the Federal Reserve, setting up a final vote in the full Senate after lawmakers return from a two-week Thanksgiving break.
The Senate Banking Committee appr...
Ukraine suspends preparations for signing EU deal
2013-11-21 17:25:17 UTC
KIEV, Ukraine (AP) — Ukraine said Thursday it was suspending preparations to sign a landmark agreement with the European Union and would focus instead on restoring ties with Russia, appearing to yield to pressure from its powerful neighbor and dea...
Creditors conclude talks in Greece, back December
2013-11-20 21:06:53 UTC
ATHENS, Greece (AP) — Greek officials say bailout creditors have concluded a round of talks with the government on demanded austerity measures and will return to Athens early in December.
Tough negotiations over the past two weeks focused on 20...
JPMorgan $13B deal may not end bank's legal woes
2013-11-20 09:42:32 UTC
WASHINGTON (AP) — The $13 billion settlement that JPMorgan Chase agreed to Tuesday is the largest ever between the Justice Department and a corporation. Yet it isn't likely the end of the bank's legal troubles over the risky mortgage securities it...
SF transit agency calls for renewed labor talks
2013-11-17 09:36:50 UTC
OAKLAND, Calif. (AP) — San Francisco transit officials are calling for a return to the bargaining table, saying an expensive provision was "erroneously" included in a labor contract that settled a union dispute that had caused two recent strikes.
From Obama, a blunt acceptance of blame
2013-11-14 21:27:32 UTC
WASHINGTON (AP) — Again and again, President Barack Obama on Thursday shouldered the blame for his botched health care rollout in unusually blunt terms — a step many of his critics contend was long overdue.
He said he "fumbled" the health care ...
Yellen stands by Fed's low interest rate policies
2013-11-14 21:18:35 UTC
WASHINGTON (AP) — Janet Yellen said Thursday that the U.S. economy has regained ground lost to Great Recession but still needs the Federal Reserve's support because unemployment remains too high at 7.3 percent.
Yellen made those comments in tes...
What's holding the eurozone recovery back?
2013-11-14 16:52:58 UTC
LONDON (AP) — The 17-country eurozone has just emerged from recession — yet already its recovery is faltering.
Official figures on Thursday showed the currency union's economy grew just 0.1 percent in the July through September quarter compared...
US, Europe resume talks on new trade pact
2013-11-11 18:24:09 UTC
BRUSSELS (AP) — The United States and the European Union sought Monday to get past a rough patch in diplomatic relations to resume talks on a free trade deal that would grow what is already the world's biggest business relationship.
Standard & Poor's lowers French credit rating
2013-11-08 07:47:47 UTC
PARIS (AP) — The Standard & Poor's rating agency has downgraded France's principal credit rating by one notch to "AA."
In a statement Friday, the rating agency said it feared the French government will struggle to reduce its deficit and debt an...
ECB surprises markets with rate cut
2013-11-07 17:14:40 UTC
FRANKFURT, Germany (AP) — The European Central Bank startled investors Thursday with a surprise cut in its benchmark interest rate aimed at boosting a hesitant recovery in the 17 countries that use the euro.
The bank lowered the benchmark refin...
White House sidesteps on "Obamacare" change
2013-11-06 02:12:23 UTC
WASHINGTON (AP) — Under growing pressure, the administration refused repeatedly to state a position Tuesday on legislation formalizing President Barack Obama's oft-stated promise that people who like their existing coverage should be allowed to ke...
BART unions ratify contract that ended strike
2013-11-03 08:03:18 UTC
OAKLAND, Calif. (AP) — A second Bay Area Rapid Transit labor union has ratified the contract agreement that brought to an end a bitter labor dispute that led to two San Francisco area transportation strikes, officials said Saturday.
BART said t...
Congress governs self under 'Obamacare'
2013-11-01 09:00:13 UTC
WASHINGTON (AP) — Think you're confused by "Obamacare." It's roiling Capitol Hill behind the scenes, too.
Members of Congress are governing themselves under President Barack Obama's signature law, which means they have great leeway in how to ap...