US wholesale prices up 0.8 percent in June

WASHINGTON (AP) — A big jump in gasoline prices pushed wholesale inflation up in June by the largest amount in nine months. But underlying inflation showed only a modest gain. The Labor Department says wholesale prices rose 0.8…

Lower costs help lift Wells Fargo’s 2Q profit

Wells Fargo, the biggest U.S. mortgage lender, says its second-quarter profit surged 20 percent after it reduced expenses. Net income rose to $5.27 billion from $4.40 billion a year earlier. On a per-share basis, earnings were 98 cents,…

Stock futures edge higher after record close

NEW YORK (AP) — U.S. stock futures are up the morning after stocks hit all-time highs in the wake of the Federal Reserve chairman’s reassurance about continued support for the economy. Dow Jones Industrial futures are up 12…
Cross Dressing Bandit

Tall man in drag robs bank

Police say a western Pennsylvania bank robber was long and tall, but probably not named Sally — despite outward appearances.foot, 6-inch…

UK: No public inquiry over Litvinenko poisoning

LONDON (AP) — British officials have refused to hold a public inquiry into the death of former Russian intelligence officer Alexander Litvinenko, a coroner said Friday, quashing what he described as the best hope of finding out what…

JPMorgan’s profit surges on investment banking

NEW YORK (AP) — JPMorgan Chase, the country’s biggest bank by assets, says its second-quarter earnings surged as consumer deposits rose and credit card volumes increased. The bank made $6.1 billion in the second quarter after stripping out…

Clapper unscathed after ‘erroneous’ remarks

WASHINGTON (AP) — As the director of national intelligence, James Clapper has told Congress that the regime of Moammar Gadhafi would likely prevail in Libya, that Egypt’s Muslim Brotherhood party was “largely secular” and that the National Security…

Vatican freezes assets of arrested monsignor

VATICAN CITY (AP) — The Vatican has frozen the assets of a monsignor who was arrested in a plot to smuggle 20 million euro ($26 million) into Italy and warned Friday that other people may be caught up…