China fines 6 milk suppliers in price-fixing probe

BEIJING — China announced Wednesday it has fined six milk suppliers, including Mead Johnson and New Zealand's Fonterra, a total of $108 million for price-fixing after an investigation that shook the country's fast-growing dairy market. The announcement...

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Samsung seeks smart watch trademarks in US, SKorea

SEOUL, South Korea — Samsung Electronics Co. has applied for U.S. and South Korean trademarks for a watch that connects to the Internet in the latest sign that consumer technology companies see wearable devices as the future of their business. Samsung...

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George W. Bush now home after heart procedure

DALLAS — Former President George W. Bush has been discharged from a Dallas hospital a day after having a heart procedure to ease a blocked artery. Spokesman Freddy Ford says the 43rd president is "doing great" and went home Wednesday morning. Further...

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Amazon launches site for purchase of fine art

NEW YORK — Amazon.com is getting into the fine art arena. Customers can buy original and limited edition works of art from more than 150 prominent galleries and dealers via Amazon Art. The announcement came Tuesday, a day after Seattle-based Amazon.com...

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Freddie Mac earns $5 billion in second quarter

WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wednesday compares with net income of $3 billion in the same period of 2012. Freddie...

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Honda to invest in engine plant, training centers

DETROIT — Honda says it will spend $215 million to expand an engine plant and build two training centers in Ohio. The investment will add about 60 jobs in the state, although 50 of them will come from other Honda operations in North America. About...

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Oil down slightly on supply data; pump prices dip

NEW YORK — The price of oil bounced around Wednesday after the government reported a smaller than expected decline in oil supplies and a rise in gasoline inventories. Benchmark crude for September delivery was down 5 cents to $105.25 in morning trading...

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Correction: Powerball-Lucky Stores story

DES MOINES, Iowa — In a story Aug. 6 about the latest Powerball jackpot, The Associated Press reported erroneously that a single winner could win a lump-sum payment of about $244.7 million after taxes. That amount would be before taxes. A corrected...

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Chrysler to spend $52M at Michigan engine plants

DETROIT — Chrysler is investing $52 million at two Michigan plants to build more four-cylinder engines in anticipation of increased demand. The money is going into factories in Trenton and Dundee, Mich., south of Detroit. Almost 300 new jobs will be...

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Nikkei's slide, Fed comments weigh on markets

LONDON — A slide in Japanese shares and suggestions that the Federal Reserve may rein in its monetary stimulus next month weighed on stocks Wednesday, while the pound rose after new policy guidance from the Bank of England. Japan's Nikkei 225 index...

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