Wednesday, July 30, 2014

The House That Wooden Built is waterlogged.

Cargill plans to close a Milwaukee beef-processing plant which employs about 600 people on Friday due to a shortage of cattle.

Argentines shrug off risk of default

A comparison of the Federal Reserve's statements from its two-day meeting that ended Wednesday and its meeting June 17-18:

Federal investigators looking for fraud in the nation's capital are scrutinizing a program meant to give local contractors a share of major construction projects, people familiar with the probe have told The Associated Press.

The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U. S. economy needs less help. In a statement after a policy meeting, the Fed says it's paring its monthly purchases by another $10 billion to $25 billion.

Below is the statement the Fed released Wednesday after its policy meeting:

Police say a suspect arrested in a deadly Las Vegas home invasion told them she fought off a woman with a screwdriver to help her partner in crime as he struggled with and fatally shot the woman's husband.

U. S. stocks are turning mostly lower in midday trading, erasing an early gain. Genworth Financial sank 12 percent and Goodyear Tire & Rubber fell 7 percent after turning in results that disappointed investors. The Standard & Poor's 500 index fell five points, or 0.3 percent, to 1,964 as of noon Eastern time Wednesday. The Dow Jones industrial average lost 84 points, or 0.5 percent, to 16,827.

A former IRS official at the heart of the agency's tea party controversial called Republicans "crazies" and more in newly released emails.

Argentina's economy minister has resumed efforts to solve the South American nation's financial crisis without a default.

Kuentai-USA, a nonprofit group that searches Pacific islands for Japan's war dead, found the remains of at least two American fighting men near the construction site in 2011 and 2013, and believes as many as 16 others are buried nearby. Maj. Jamie Dobson, a spokeswoman for the Hawaii-based U. S. Joint POW-MIA Accounting Command, said that developers must follow Saipan's stringent historic preservation laws and that if a probable burial site is found to be in imminent danger, the U.

European and Dubai-based airlines have begun rerouting flights over Iraqi airspace as a security precaution, though Iraq says its skies are safe.

A Texas lawyer has filed a lawsuit against General Motors on behalf of 658 people who were injured or killed in crashes allegedly caused by faulty ignition switches.

Owners who resisted hiring after the recession are taking on workers to keep up with rising demand for products and services. Faulkner Hyundai in Harrisburg, Pennsylvania, is adding seven people to its staff of 92 because new cars are selling at their fastest rate in eight years. The ripple effect from growth in construction and consumer spending are feeding the increase, says Susan Woodward, an economist who helps software maker Intuit compile its hiring surveys. The recovery in South Florida's real estate market and economy has allowed Tadd Schwartz's public relations firm to step up its hiring. Publicity the last few months about Brad Barrett's product Grill Grate sent orders for the backyard grill accessory soaring. Barrett is now looking for two workers for the Cartersville, Georgia, company — one to help fill orders, and the other to handle administrative and marketing tasks. When Microsoft Corp.

Grammer testified by video Tuesday at the parole board hearing for Freddie Glenn, who is serving a life sentence at the Buena Vista Correctional Facility. Grammer says he accepted Glenn's apology, but endorsing his release would be a "betrayal of my sister's life."

Republican senators blocked an election-year bill Wednesday to limit tax breaks for U. S. companies that move operations overseas.

Authorities in Phoenix say a passenger has died on a US Airways flight to Phoenix from Honolulu after a suffering an unknown medical emergency.