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JPMorgan settles mortgage discrimination lawsuit

JPMorgan Chase settled federal charges that independent brokers working for the bank discriminated against minorities seeking home mortgages during the housing crises. While the $55 million settlement is not a big financial dent to the giant bank, the cases illustrate the depth of the mortgage quagmire that has trailed the ...

FILE - In this Nov. 30, 2016, file photo, Rep. Tom Price, R-Ga., President-elect Donald Trump's choice for Health and Human Services Secretary speaks in Washington. With coverage for millions of people at stake, Price is facing pointed questions about President-elect Donald Trump’s health policies, and his own investments in health care companies, from senators considering his selection as health secretary. (AP Photo/Alex Brandon, file)

Pointed questions for Trump's pick for health secretary

President-elect Donald Trump's pick for health secretary said Wednesday that the health care system is losing focus on patients, its first priority, and he offered assurances that the new administration is not planning to launch into a Medicare overhaul. Rep. Tom Price, R-Ga., testified before the Senate Health, Education, Labor ...

Iranian Foreign Minister Mohammad Javad Zarif speaks at the World Economic Forum in Davos, Switzerland, Tuesday, Jan. 17, 2017. (AP Photo/Michel Euler)

The Latest: Iran warns Trump about trying to undo nuke deal

The Latest on the World Economic Forum in Davos, Switzerland (all times local): 1:20 p.m. Iran's foreign minister says U.S. President-elect Donald Trump "will be surprised" if he tries to renegotiate the hard-won nuclear deal reached by the Obama administration and other world powers with the Islamic Republic. Mohammad Javad ...

In this Jan. 4, 2017, file photo, Environmental Protection Agency (EPA) Administrator-designate Scott Pruitt answer a reporter's question during his meeting with Sen. Shelley Moore Capito, R-W.Va., on Capitol Hill in Washington. When President-elect Donald Trump’s choice to head the U.S. Environmental Protection Agency first took office as Oklahoma’s attorney general, he disbanded the unit responsible for protecting the state’s natural resources. Instead, Pruitt reassigned his staff to focus on filing lawsuits against the federal agency he’s now selected to lead. (AP Photo/Cliff Owen, File)

Trump EPA pick pledges more cooperation with industry

President-elect Donald Trump's choice to head the U.S. Environmental Protection Agency told senators Wednesday that he intended to work cooperatively with states and industry to return the federal watchdog to what he called its proper role. Oklahoma Attorney General Scott Pruitt has a long history of criticizing and suing the ...

FILE - This Wednesday, May 25, 2016, file photo shows a new home under construction in Phoenix. On Wednesday, Jan. 18, 2017, the National Association of Home Builders/Wells Fargo builder sentiment index is released for January. (AP Photo/Matt York, File)

US homebuilder confidence, sales outlook slip in January

U.S. homebuilders are feeling slightly less confident this month about their sales prospects, a pullback from December when builders' confidence reached the highest level in 11 years. The decline in builder confidence comes amid heightened concerns about mortgage rates, which have been mostly rising since early November. Higher mortgage rates ...

FILE - In this Nov. 29, 2016, file photo, billionaire investor Wilbur Ross talks with reporters in the lobby of Trump Tower. Unlike his soon-to-be boss, the nominee for Commerce Secretary has agreed to divorce himself from a vast financial empire to comply with federal ethics rules. Wilbur Ross can expect questions about his business dealings at his Senate confirmation hearing Wednesday. . (AP Photo/Evan Vucci, file)

Commerce nominee Ross declares he is pro-trade, pro-union

President-elect Donald Trump's pick for commerce secretary said Wednesday that he favors "sensible trade," is pro-union and believes his vast business dealings have given experience fighting other countries' unfair trade practices. Billionaire investor Wilbur Ross cited his relationship with the United Steelworkers Union, which has endorsed him for the Cabinet ...

Army plans Dakota Access oil pipeline environmental study

The Army has started the process of launching a full environmental study of the $3.8 billion Dakota Access pipeline's disputed crossing of the Missouri River in North Dakota, though a federal judge could stop the effort. The Army published a notice Wednesday of its intent to prepare an environmental impact ...

FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. U.S. stock indexes were mixed in a listless morning of trading Wednesday, Jan. 18, 2017, while bond yields and the dollar resumed their climbs. (AP Photo/Mark Lennihan, File)

US stock indexes mixed; bond yields and dollar climb again

U.S. stock indexes were mixed in a listless morning of trading Wednesday, while bond yields and the dollar moved higher again. KEEPING SCORE: The Standard & Poor's 500 index was up 2 points, or 0.1 percent, to 2,270 as of 10:35 a.m. Eastern time. The Dow Jones industrial average was ...

Egypt making progress with economic reform plan, IMF says

The International Monetary Fund said Wednesday that Egypt is making progress with its economic reform program, although it will still take time to improve living standards in a poor country beset with rocketing inflation. While the currency depreciated more than expected when it was floated as part of the reform ...

FILE - In this Friday, Nov. 25, 2016, file photo, Paul Poirier shops at a Target store, in Wilmington, Mass. Target is lowering its fourth-quarter profit and sales outlook Wednesday, Jan. 18, 2017, after the discounter said that sluggish holiday sales and traffic in its stores offset a surging online business. The lowered expectations are a setback for Target, which is trying to reinvent itself and underscores the overall challenges for the retail industry. (AP Photo/Elise Amendola, File)

Target lowers 4Q profit and sales outlook

Target cut its fourth-quarter profit and sales outlook after the discounter wrestled with sluggish holiday traffic in its stores and weak sales in key areas like electronics and food that offset a surging online business. The disappointing holiday season is a setback for Target, which like many other retailers is ...

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