Business News

Fitch Ratings keeps 'negative' rating for Conn.
A ratings agency has maintained Connecticut's bond rating as "negative," saying the state's budget relied on one-time fixes and the state's economic recovery is inadequate.
Argentina officials stage 11th-hour talks in NYC
Argentina's economy minister led a last-gasp effort Wednesday to strike a deal with U.S. creditors that would prevent the South American country from slipping into default.
Archer Daniels Midland settles EPA allegations
Federal regulators say Archer Daniels Midland Co. has agreed to settle allegations that it violated Clean Water Act rules at oil storage facilities in Iowa, Missouri and Nebraska.
New suit claiming Chinese drywall destroyed homes
Lawyers for people who say defective Chinese drywall wrecked their homes have filed a new lawsuit against the manufacturers. It adds a new defendant — the Chinese commission that oversees 117 widespread companies including aerospace, nuclear power and electronics.
Fed makes sixth reduction in bond buying
The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its benchmark short-term interest rate.
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