New US Treasury securities on sale in January

WASHINGTON — The Treasury Department said Wednesday that it expects to start offering investors a new Treasury security with variable interest rates in January. It will be the first new Treasury security in 15 years. Treasury officials said they hope...

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Annual Utah outdoor show features lighter gear

SALT LAKE CITY — It's a showcase of technology for everything from socks that can take a beating to water bottles equipped with battery-powered ultraviolet purifiers. At the world's largest trade show for outdoor gear, one trend this year is lighter...

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Report: Fed spending cuts hurt Mass. economic recovery goes

Massachusetts' economy slowed significantly in the second quarter as federal spending cuts restrained the state's recovery, according to a new report. The state's real gross domestic product grew at an annual rate of 0.8 percent from April to June,...

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Southern Co. quarterly earnings drop to $297M

ATLANTA — Southern Co. earnings slumped 52 percent to $297 million in the second quarter due mainly to cost overruns at a coal-fired power plant under construction in Mississippi, the company reported Wednesday. The utility, based in Atlanta, reported...

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US judge strikes Fed's cap on debit 'swipe' fees

WASHINGTON — A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases, saying the Federal Reserve didn't have the authority to set the limit in 2011. The ruling by U.S. District...

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Global stock markets buoyed ahead of Fed statement

MILAN — Strong eurozone unemployment data combined with better-than-expected U.S. jobs and economy figures to give a modest boost to stock markets on Wednesday. Eurostat figures showed the number of unemployed across the 17 European Union nations fell...

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TGI Fridays in NJ fined $500K for switching booze

TRENTON, N.J. — An operator of TGI Fridays restaurants in New Jersey raided as part of Operation Swill has agreed to pay a $500,000 fine for serving customers cheap booze when they paid for top shelf. Acting Attorney General John Hoffman said Wednesday...

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US economy grew at sluggish 1.7 pct. pace in Q2

WASHINGTON — The U.S. economy grew from April through June at an annual rate of 1.7 percent — a sluggish pace but stronger than in the previous quarter. Businesses spent more, and the federal government cut less, offsetting weaker spending by consumers....

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US judge strikes Fed's cap on debit 'swipe' fees

WASHINGTON — A federal judge has struck down a rule setting a cap on the fees that banks can charge merchants for handling debit card purchases, saying the Federal Reserve didn't have the authority to set the limit in 2011. The ruling by U.S. District...

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German industrialist Berthold Beitz dies at 99

BERLIN — Berthold Beitz, who was honored for saving hundreds of Jews in occupied Poland during World War II and became one of post-war West Germany's leading industrialists, has died at 99. Steelmaker ThyssenKrupp AG, where he was the honorary chairman...

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