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...
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...
US manufacturing grows at fastest in 2½ years
2013-12-02 19:52:38 UTC
WASHINGTON (AP) — U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip.
The Institute for Supply Management said Monday that its index of ...
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...
Americans kick off first holiday shopping weekend
2013-11-30 19:54:26 UTC
Millions of Americans turned out as the holiday buying season started earlier this year on Thanksgiving Day. But there's still a lot of shopping left.
While figures aren't yet available on how many people shopped on the first two days of the ho...
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...
Americans kick off 2-day holiday shopping marathon
2013-11-29 17:57:42 UTC
The holiday shopping season started as a marathon, not a sprint.
More than a dozen major retailers from Target to Toys R Us opened for 24 hours or more on Thanksgiving Day through Black Friday, the traditional start to the holiday shopping peri...
Health law business insurance site delayed 1 year
2013-11-27 22:47:01 UTC
CHICAGO (AP) — The Obama administration is delaying yet another aspect of the health care law, putting off until next November the launch of an online portal to the health insurance marketplace for small businesses.
The move, announced Wednesda...
Iran nuke deal could push oil prices lower
2013-11-25 19:16:30 UTC
NEW YORK (AP) — Oil prices could be headed lower after the preliminary nuclear deal between Iran and six world powers, even though it does not loosen sanctions on Iran's oil exports.
In the short term, the deal may make it easier for Iran to se...
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...
Gov't to require seat belts on large buses
2013-11-21 07:55:33 UTC
WASHINGTON (AP) — New tour buses and buses that provide service between cities must be equipped with seat belts starting in late 2016 under a federal rule issued Wednesday, a safety measure sought by accident investigators for nearly a half centur...
Just 10 percent of Calif. car chargers delivered
2013-11-21 07:51:51 UTC
LOS ANGELES (AP) — A New Jersey energy company required by an unusual legal settlement to build an extensive network of electric car chargers throughout California has delivered just 10 percent of what it promised in the first year.
Fed's readiness to reduce stimulus sinks stocks
2013-11-20 21:10:41 UTC
NEW YORK (AP) — New signs that the Federal Reserve is getting ready to reduce its extraordinary support of the U.S. economy sent stock and bond prices lower on Wall Street Wednesday.
Minutes from the Federal Reserve's latest meeting on Oct. 29-...
Farm bill takes aim at state animal welfare laws
2013-11-19 09:02:20 UTC
WASHINGTON (AP) — The future of state laws that regulate everything from the size of a hen's cage to the safe consumption of Gulf oysters may be at stake as farm bill negotiators work to resolve a long-simmering fight between agriculture and anima...
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.
EPA proposes reducing biofuel mandate
2013-11-15 19:59:18 UTC
WASHINGTON (AP) — The Obama administration wants to reduce the amount of ethanol in the nation's fuel supply, acknowledging the biofuel law championed by both parties in 2007 is not working as well as expected.
The new proposal announced Friday...
US trade deficit widens 8 percent in September
2013-11-14 21:38:58 UTC
WASHINGTON (AP) — The U.S. trade deficit widened in September as imports increased to the highest level in 10 months while exports slipped. The wider gap suggests growth was somewhat slower over the summer than previously estimated.
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...
Medicaid is health overhaul's early success story
2013-11-12 08:33:18 UTC
WASHINGTON (AP) — The underdog of government health care programs is emerging as the rare early success story of President Barack Obama's technologically challenged health overhaul.
Often dismissed, Medicaid has signed up 444,000 people in 10 s...
Industry takes aim at AP ethanol investigation
2013-11-12 08:28:31 UTC
WASHINGTON (AP) — A new Associated Press investigation, which found that ethanol hasn't lived up to some of the government's clean-energy promises, is drawing a fierce response from the ethanol industry.
In an unusual campaign, ethanol producer...
The shutdown's surprise effect on jobs numbers
2013-11-09 20:25:37 UTC
WASHINGTON (AP) — The government shutdown may have affected October's jobs numbers. But not how you think.
For weeks, the White House had braced for a dour report on hiring, with economists and aides lowering expectations and blaming last month...
Time Warner 3Q net income up 44 pct
2013-11-06 18:56:24 UTC
NEW YORK (AP) — Time Warner on Wednesday posted a big jump in third-quarter net income, helped by continued popularity of its cable network shows.
Chairman and CEO Jeff Bewkes said the company saw a significant payoff during the recent quarter ...
US factory orders rise 1.7 percent in September
2013-11-04 17:27:27 UTC
WASHINGTON (AP) — Orders to U.S. factories rose in September on a big jump in commercial aircraft demand. But businesses cut back sharply on machinery and other goods that signal their confidence to expand, signs of slower economic growth.
US govt: Hedge fund giant SAC Capital to pay $1.8B
2013-11-04 17:22:51 UTC
NEW YORK (AP) — Hedge fund giant SAC Capital Advisors has agreed to plead guilty to fraud charges and to pay a $1.8 billion financial penalty, federal prosecutors said Monday.
The government said in a letter to judges presiding over the Manhatt...
Shutdown slows _ but doesn't halt _ US car demand
2013-11-04 06:39:44 UTC
DETROIT (AP) — The government shutdown dampened — but didn't stall — Americans' demand for new cars and trucks.
The 16-day shutdown slowed U.S. auto sales in the first two weeks of October, but they picked up speed in the last two weeks. Sales ...