US stocks down as investors digest earnings

July 15, 2014 0
FILE - In this Feb. 10, 2011 file photo, American flags fly in front of the New York Stock Exchange, in New York. Stock futures edged higher Tuesday, July 15, 2014, as investors digested mixed U.S. retail sales data and several corporate earnings reports. The latest earnings from Johnson & Johnson and JPMorgan Chase both beat Wall Street's expectations. (AP Photo/Mark Lennihan, File)

U.S. financial markets drifted mostly lower in afternoon trading Tuesday as investors pored through a batch of company earnings and digested the Federal Reserve’s latest assessment of the U.S. economy. In remarks to Congress, Fed Chair Janet Yellen raised the possibility the Fed could raise its key short-term interest rate sooner than currently projected.

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How the Dow Jones industrial average did Tuesday

July 15, 2014 0

Stock ended mostly lower Tuesday as investors considered a new set of corporate earnings and the Federal Reserve’s latest assessment of the U.S. economy. In remarks to Congress, Fed Chair Janet Yellen …

US stocks slip as investors digest earnings

July 15, 2014 0
US stocks mostly down as investors digest earnings

Stocks are closing mostly lower as investors considered a new set of corporate earnings and the Federal Reserve’s latest assessment of the U.S. economy. In remarks to Congress, Fed Chair Janet Yellen raised …

Gay candidate faces criticism from opposing camps

July 15, 2014 0
This photo taken June 23, 2014 shows California Republican congressional candidate Carl DeMaio speaking at the National Republican Club of Capitol Hill in Washington. DeMaio is one of three openly gay Republicans running for Congress this year, but he's the only one who has managed to make political adversaries of both social conservative and gay rights organizations. He's too open about his sexual orientation for some social conservatives, but too far to the right and too quiet on social issues to win over the gay rights groups. And that's just fine for DeMaio, who stresses fiscal conservatism to try to attract voters in California's 52nd Congressional District. DeMaio gives the GOP one of its best chances for winning a Democratic-controlled seat. (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Carl DeMaio is one of three openly gay Republicans running for Congress this year, but he’s the only one who has managed to make political adversaries of both social conservative and gay rights organizations.

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Obama to press for action on transportation funds

July 14, 2014 0

President Barack Obama is pressing Congress to make a long-term commitment to keep highway and transit aid flowing to states, but lawmakers appear headed for a short-term patch to sustain projects through …

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Ernst & Young paying $4M to settle SEC charges

July 14, 2014 0

Ernst & Young has agreed to pay $4 million to settle civil charges of compromising its independence by lobbying Congress on behalf of two companies whose books it audited. The Securities and Exchange Commission …

U.S. senators push for tough line in Iran nuclear talks

July 14, 2014 0
Senator Menendez, a member of Senate Banking, Housing and Urban Affairs Committee, asks questions during testimony in Washington

By Patricia Zengerle WASHINGTON (Reuters) – Two influential U.S. senators have asked fellow lawmakers to support demands that Iran accept tough conditions in nuclear talks, including at least two decades of inspections, before Congress would agree to ease sanctions. The appeal was made as Iran and six major powers, including the United States, approach a deadline in talks in Vienna aimed at a deal in which Iran would curb its nuclear program in exchange for gradual relief from crippling economic sanctions. Democrat Robert Menendez and Republican Lindsey Graham, who believe President Barack Obama’s administration should not act without Congressional backing, distributed a letter among senators saying they want Iran to “come clean” about any military dimensions of its nuclear program.

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People protest against Bihar Govt. for its reluctance to pay pension to widows

July 14, 2014 0

Patna, July 14 (ANI): People in Bihar on Monday launched a protest against the state government for not providing widows their due under a social security scheme. The Laxmibai Social Security Widow Pension Scheme, introduced in 2007, is aimed at the welfare of widows in Bihar. Under the scheme, widows living under the poverty line are provided with an amount of Rs.300 per month. The protesters said that the state government had promised an amount of rupees 11 lakh in September last year but the amount is yet to be distributed among the aggrieved parties.

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Congress is opposing TRAI Amendment Bill just for the heck of it: M. Venkaiah Naidu

July 14, 2014 0

New Delhi, July 14 (ANI): Union Parliamentary Affairs minister M. Venkaiah Naidu said on Monday that the Congress Party is opposing the TRAI (Telecom Regulatory Authority of India) Amendment Bill just for the heck of it. M. Venkaiah Naidu said, “It is good thing and we welcome it. Congress Party is opposing it just for the heck of it. A bill to amend the Telecom Regulatory Authority of India (TRAI) Act was passed in the Lok Sabha today.

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Former US Rep. Ken Gray dies in southern Illinois

July 13, 2014 0

WEST FRANKFORT, Ill. (AP) — Former U.S. Rep. Ken Gray, who represented southern Illinois in Congress and earned the nickname the “Prince of Pork” for bringing $7 billion in projects to his district, died Saturday at age 89.