News Briefs

Portugal Bank Fears Spark Selloff

U.S. stocks fell Thursday after the health of Portugal's top-listed Banco Espirito Santo was questioned, bringing back the specter of a weakened Europe, Reuters reported.

Fed Vice Chair Fischer: Care Needed to Avoid Crisis

Stanley Fischer, the Federal Reserve's new No. 2 official, says regulators must continue to work to avoid government bailouts of big banks in a crisis, with stricter capital requirements as the better remedy.

Collegefeed Connects Grads and Jobs

Silicon Valley has given the world another matchmaking service -- this time to set up recent college graduates with eager employers.

Don't Expect Bank Earnings to Shine in Q2

Wells Fargo kicks off the second-quarter bank earnings reports on Friday, with Citigroup, JPMorgan Chase, Bank of America, and U.S. Bancorp and Capital One all reporting next week.

Average 30-Year Mortgage Rate Rises to 4.15 Percent

Average U.S. rates on fixed mortgages edged up slightly in the week, but remain near historically low levels.

Initial U.S. Jobless Claims Reach 7-Year Low

Applications for unemployment benefits are a proxy for layoffs, so the low readings indicate that employers are letting go of fewer workers.

Oil Price Keeps Dropping as Supplies Grow

The price of oil continued to fall Thursday, trading below $102 a barrel as the outlook for supply remained robust.

Fox News Contributor: Gay Marriage Will Lead to Marrying the Family Dog

Fox News contributor Dr. Keith Ablow said that a marriage equality law in California could lead to people marrying their dogs during an appearance on Fox and Friends.

UTEP Students Tapped to Test Lunar Dust Device

NASA has selected a group of Hispanic UTEP students to test their lunar dust cleaning device intended to remove hazardous particles that can cause serious problems for astronauts.

Fed Committee Optimistic About Growth Prospects

Federal Reserve officials differed on the best way to signal when they might raise a key short-term interest rate, but agreed that the monthly bond buying program will end in October.

Child Refugees Face 'Frightful Nightmare' on Trek North

Rapes, robberies, hunger and cold await Central American children traveling through Mexico en route to the U.S.

Detroit Officials to Get Pay Hike Despite Bankruptcy

Detroit's mayor, city council members and other non-union workers received a 5 percent pay increase at the beginning of the month.

FOMC Minutes From June 17 Meeting: Full Text

A meeting of the Federal Open Market Committee was held in the offices of the Board of Governors of the Federal Reserve System in Washington, D.C., on June 17 and continued on June 18.

Stranded Whales Die Off Puerto Rico

Puerto Rican officials are investigating the deaths of two pilot whales that stranded themselves in the island's southwest region.

Call Girl Faces Murder Charge for Google Exec's Heroin Death

An admitted prostitute was arrested Friday in connection with the November heroin overdose death of a Google executive aboard his private yacht.

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