News Briefs

China Moves Oil Rig Out of South China Sea

China on Wednesday was moving a massive oil rig away from waters claimed by Vietnam, which should end a tense standoff between the nations in the South China Sea.

Hispanic Health Costs Will Impact U.S. Economy

The cost of chronic illness is rising steadily among millions of Hispanics nationwide, which will have a profound economic impact on the U.S. unless access to care improves, a report finds.

Genentech Alzheimer's Drug Misses Goals

An experimental drug from Genentech failed to slow mental decline in mid-stage studies on more than 500 people with mild to moderate Alzheimer's disease, but showed some promise among least-impaired participants.

Man Sets Seattle Home on Fire Trying to Kill Spider

The Seattle Fire Department says a man using a spray paint can and a lighter to try and kill a spider started a West Seattle fire that caused $60,000 worth of damage.

Cost of Gas Boosts Producer Prices in June

Rising gasoline costs pushed up the prices U.S. companies receive for goods and services in June, but overall inflation remains in line with the federal target of 2 percent.

Yellen Rejects GOP Bid for Rigidity

Federal Reserve Chair Janet Yellen appeared before the House Financial Services panel on Wednesday and shot down a GOP plan to peg interest rates to a rigid metric.

U.S. Industrial Output Back on Track After Poor Q1

U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.

Thousands Evacuated as Typhoon Hits Philippines

Thousands of Filipinos continue to evacuate as Typhoon Rammasun makes landfall.

Enough Votes to Split California Into 6 States: Tim Draper

California venture capitalist Tim Draper is pushing a plan to divide the most populous U.S. state six ways.

Nigeria Arrests Boko Haram's 'Chief Butcher'

Nigerian police have arrested Mohammed Zakari, who claims to be Boko Haram's "chief butcher," in Balmo Forest.

Shark Bites Florida Fisherman

A Tennessee man was hospitalized after being bitten by a shark in the waters off Florida's Gulf Coast.

Job Creation Pushes Dow Past 17,000

The Dow Jones Industrial Average last week broke through the 17,000-point barrier, pushed by the news of 288,000 new jobs created in June.

Yellen: Fed Won't Raise Rates Till Economy Improves

Fed Chair Janet Yellen testified in Congress Tuesday saying employment and wages need more time to recover before the central bank can raise already rock-bottom interest rates.

Metropolitan Transportation Authority Strike Seems Likely as Talks Break Down

A strike at the nation's largest commuter railroad looms after talks collapsed amid a dispute over whether future Long Island Rail Road employees should have to contribute to their health insurance and pensions.

Yellen Remarks to Banking Committee Weigh on Market

Stocks moved mostly lower on Tuesday, partly offsetting the upward move seen in the previous session, in a negative reaction to remarks by Federal Reserve Chair Janet Yellen.

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