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KDWN

8 hours ago

Yellen says Fed close to achieving its economic goals

WASHINGTON (AP) — Federal Reserve Chair Janet Yellen says the economy has come a long way in recovering from the 2008 financial crisis, and the Fed is getting close to achieving its goals of maximum employment and stable inflation….

KDWN

9 hours ago

Credit Suisse to pay $5.3B over mortgage-backed securities

NEW YORK (AP) — Credit Suisse has agreed to pay $5.3 billion to settle claims that it misled investors about the quality of mortgage-backed securities that it sold in the lead-up to the 2008 financial crisis….

KDWN

9 hours ago

Federal Reserve sees growth pickup at end of last year

WASHINGTON (AP) — The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages….

KDWN

11 hours ago

With job announcements, firms appear to seek Trump approval

WASHINGTON (AP) — From Wal-Mart to General Motors to Amazon, a growing number of the world's largest companies appear to be trying to get in step with President-elect Donald Trump's demand that employers hire and keep jobs at home….

KDWN

11 hours ago

American Airlines to sell restricted ‘basic economy’ ticket

DALLAS (AP) — If you want to get the cheapest fare on American Airlines, you'll soon have to leave that rolling carry-on bag at home….

KDWN

11 hours ago

Markets Right Now: US stocks are mixed at midday

NEW YORK (AP) — The latest on developments in financial markets (All times local):…

KDWN

11 hours ago

CSX railroad expects modest profit growth in 2017

OMAHA, Neb. (AP) — CSX railroad officials expect profits to grow this year as the economy improves modestly, coal demand stabilizes and President-elect Donald Trump pursues reforms….

KDWN

11 hours ago

GM to pay $1M penalty for ignition switch accounting trouble

DETROIT (AP) — General Motors Co. has agreed to pay a $1 million penalty for violating accounting rules involving its deadly ignition switch scandal….

KDWN

11 hours ago

US stock indexes stay stuck; bond yields and dollar rise

NEW YORK (AP) — U.S. stock indexes stuck to their holding pattern Wednesday, as the Standard & Poor's 500 index entered its most listless stretch of trading in more than three years. Bond yields and the dollar resumed their moves higher….

KDWN

13 hours ago

Goldman Sachs results beat estimates, helped by trading

NEW YORK (AP) — Goldman Sachs reported fourth-quarter earnings that beat analysts' forecasts Wednesday as the bank recovered from a difficult quarter a year earlier. Results were particularly strong at Goldman's trading desks in the last three months of the year….