Wildfire rages through Northern California

Firefighters battling the King Fire watch as a backfire burns along Highway 50 in Fresh Pond, California September 16, 2014.   REUTERS/Noah Berger

Fire crews in California battle a wildfire that has destroyed homes, lapped at rural schools and caused power outages.  Slideshow 


Fed may hint on rate-hike plan as it prepares for policy turn

WASHINGTON - The U.S. Federal Reserve on Wednesday could offer fresh clues on when it plans to begin lifting interest rates and how quickly it will move, as it prepares for a momentous policy turn after years of aggressive monetary stimulus.

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China central bank injects $81 billion into major banks to support economy: reports

SHANGHAI - China's central bank is injecting a combined 500 billion yuan ($81.35 billion) of liquidity into the country's top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.

6:32am EDT

IPhone emerges from 'bygone era', reviewers hail bigger handset

- Bigger is better and Apple Inc has finally realized that and given iPhone users a product that may be low on novelty but high on improvements, reviewers wrote.

Tech, Media 11:18am EDT

Boeing airplanes chief says considering 52 737s a month by 2018

NEW YORK - Boeing Co appears increasingly likely to boost production of its top-selling 737 jetliners to 52 a month starting in 2018 after the head of its commercial airplanes business spoke about that possibility on Tuesday.

10:42am EDT

Allianz eyes sale options in Fireman's Fund revamp

FRANKFURT - German insurer Allianz will overhaul and may sell parts of its U.S. property and casualty business Fireman's Fund after struggling for years to bring underwriting losses under control, the company said on Wednesday.

10:12am EDT

Cheaper store brands eat into General Mills' profit

- General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.

11:36am EDT


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