Associated Press

AP Top Business News At 8:17 p.m. EDT

APNewsBreak: B ofA reaches $17B settlement with US
WASHINGTON (AP) -- Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday....

Why Bank of America deal might not cost it $17B
WASHINGTON (AP) -- How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much....

Stocks advance for third day, despite Fed minutes
NEW YORK (AP) -- The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central bank officials willing to raise interest rates sooner rather than later....

Some Fed officials want to slow economic help soon
WASHINGTON (AP) -- Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low interest rates....

Social media pushes back at militant propaganda
BEIRUT (AP) -- The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience....

Yellen to give her outlook as Fed honeymoon fades
WASHINGTON (AP) -- Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup....

Apple's stock bounces back to hit a new high
SAN FRANCISCO (AP) -- Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs....

Target cuts outlook as breach fallout lingers
NEW YORK (AP) -- Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales....

Women small business owners struggle to get loans
NEW YORK (AP) -- Women are a growing force in the business world, but if they own a company, they may still struggle to get a loan from a bank....

Global cruise lines set sail for China
HONG KONG (AP) -- Royal Caribbean's newest ship has attractions not usually seen on cruise liners, including bumper cars, a skydiving simulator and a glass observation capsule on a mechanical arm that lifts its passengers high into the air....

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