Archive for category Business

Study: 35 percent in US facing debt collectors

In this May 9, 2012 file photo, a Visa credit card is tendered at the opening of the Superdry store in New York's Times Square. More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday, July 29, 2014, by the Urban Institute. (AP Photo/Richard Drew, File)

WASHINGTON (AP) — More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.

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Senate confirms McDonald as VA secretary

This July 22, 2014 file photo shows Veterans Affairs Secretary nominee Robert McDonald testifying on Capitol Hill in Washington. House and Senate negotiators have approved a $17 billion compromise bill to overhaul the Department of Veterans Affairs and reform a program scandalized by veterans' long waits for health care and VA workers falsifying records to cover up delays. The action comes as the Senate is set to vote Tuesday to confirm former Procter & Gamble CEO Robert McDonald as the new VA secretary, replacing Acting Secretary Sloan Gibson.  (AP Photo)

WASHINGTON (AP) — The Senate on Tuesday unanimously confirmed former Procter & Gamble CEO Robert McDonald as the new Veterans Affairs secretary, with a mission to overhaul an agency beleaguered by long veterans’ waits for health care and VA workers falsifying records to cover up delays.

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EU adopts tough new sanctions on Russia

President Barack Obama speaks on the South Lawn of the White House in Washington, Tuesday, July 29, 2014, as he announces new economic sanctions against key sectors of the Russian economy in the latest move to force Russian President Vladimir Putin to end his support for Ukrainian rebels.   (AP Photo/Manuel Balce Ceneta)

WASHINGTON (AP) — Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks. President Barack Obama swiftly followed with an expansion of U.S. penalties targeting key sectors of the Russian economy.

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House to vote on slimmed-down bill for border

Speaker of the House John Boehner, R-Ohio, arrives for a meeting of the Republican Conference on Capitol Hill in Washington, Tuesday, July 29, 2014. (AP Photo/J. Scott Applewhite)

WASHINGTON (AP) — House Republicans unveiled a slimmed-down bill Tuesday to address the immigration crisis on the U.S.-Mexico border by sending in National Guard troops and speeding migrant youths back home. The election-year measure would allow Republicans to say they tried to solve the humanitarian problem in South Texas, even though it stands no chance of becoming law.

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$1,000 pill now hepatitis C treatment of choice

This undated handout photo provided by Gilead Sciences shows the Hepatitis-C medication Sovaldi. A $1,000-per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans. In less than six months, prescriptions for Sovaldi have eclipsed all other hepatitis-C pills combined, according to new data from IMS Health.  (AP Photo/Gilead Sciences)

WASHINGTON (AP) — The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million.

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