• Trader John Santiago works on the floor of the New York Stock Exchange, Wednesday, July 27, 2016. Stocks are opening higher, led by gains in technology stocks after Apple posted solid quarterly earnings. (AP Photo/Richard Drew)

    US stock indexes slip; Apple jumps on strong earnings

    NEW YORK (AP) — Stocks ended Wednesday’s trading slightly lower as shares of energy companies and consumer goods makers outweighed gains in technology companies like Apple.

    Updated: 3:46 pm

  • In this June 14, 2011 file photo, various prescription drugs on the automated pharmacy assembly line at Medco Health Solutions in Willingboro, N.J. A safeguard for Medicare beneficiaries has become a way for drugmakers to get paid billions of dollars for pricey medications at taxpayer expense, government numbers show. The cost of Medicare’s “catastrophic” prescription coverage jumped by 85 percent in three years, from $27.7 billion in 2013 to $51.3 billion in 2015, according to the program’s number-crunching Office of the Actuary.  (AP Photo/Matt Rourke, File)

    Senator: Is Medicare drug plan vulnerable to exploitation?

    WASHINGTON (AP) — A senior senator is examining whether Medicare’s prescription drug benefit is vulnerable to manipulation by pharmaceutical companies that set very high prices for medications.

  • In this Wednesday, June 22, 2016, file photo, Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, before the House Financial Services Committee hearing on U.S. monetary policy. The Federal Reserve releases its latest monetary policy statement Wednesday, July 27, after wrapping up a two-day meeting. (AP Photo/Manuel Balce Ceneta, File)

    As Fed ends meeting, few expect much clarity on next hike

    WASHINGTON (AP) — With consumers spending and employers hiring more freely, the U.S. economy has fared better of late. But when the Federal Reserve ends its latest policy meeting Wednesday, most analysts think it will signal that it wants to see further gains before raising interest rates again.

  • New Mexico reaches settlement in Bill Richardson-era deal

    SANTA FE, N.M. (AP) — New Mexico will collect $4.9 million under a settlement agreement with a real estate investment company as the state resolves losses from a string of politically influenced investment deals dating back to the administration of former Gov. Bill Richardson.

  • In this Wednesday, June 29, 2016 file photo, Italian Prime Minister Matteo Renzi speaks during an EU summit in Brussels. About a month on from Britain’s vote to leave the European Union, there’s little evidence that economic activity across the continent has been derailed yet. That’s some reassurance for the 19-country eurozone as it faces a host of other problems, many of which relate to Italy, the bloc’s third-largest economy. The Brexit vote has raised the stakes in Italian Premier Matteo Renzi’s upcoming referendum on a raft of changes designed to streamline the country’s political system. (AP Photo/Geert Vanden Wijngaert, file)

    Italian banks in focus as Europe shrugs off Brexit _ for now

    MILAN (AP) — About a month on from Britain’s vote to leave the European Union, there’s little evidence that economic activity across the continent has been derailed yet.

  • FILE- In this July 26, 2016, file photo, China's Foreign Minister Wang Yi, attends the 23rd ASEAN regional retreat meeting in Vientiane, Laos. Despite the Philippines taking on China in a territorial dispute in the South China Sea and winning big, other Southeast Asian nations with similar disputes who attended this week's meetings are apparently backing down from Beijing. (AP photo/Sakchai Lalit)

    Analysis: China emerges more muscular after ASEAN meetings

    VIENTIANE, Laos (AP) — Daring to take on China in a territorial dispute in the South China Sea, the Philippines went to an international tribunal for justice, and won big. But it turned out to be a pyrrhic victory.

  • China sends Hong Kong journalists to up to 5 years in prison

    BEIJING (AP) — A southern Chinese court has sentenced four people, including at least two Hong Kong journalists, to prison on charges of running an illegal business after they reportedly sent copies of their sensitive political magazines to mainland China.

  • Minnesota Twins interim general manager Rob Antony talks with reporters Tuesday, July 26, 2016, in Minneapolis. Antony has six days before the non-waiver trade deadline to better position a non-contending team beyond an already lost season. Antony's job of replacing long-time mentor Terry Ryan has come with no guarantee he'll be part of that future. (AP Photo/Dave Campbell)

    Twins interim GM Antony tries to focus on job at hand

    MINNEAPOLIS (AP) — Minnesota Twins interim general manager Rob Antony has six days before the non-waiver trade deadline to better position a non-contending team beyond an already lost season.

  • In this Friday, May 13, 2016, file photo, a man uses his mobile phone near an Apple store in Beijing. Apple reports financial results Tuesday, July 26, 2016. (AP Photo/Ng Han Guan, File)

    As iPhone sale sag, Apple touts apps and services instead

    SAN FRANCISCO (AP) — You can expect to hear a lot more from Apple about the virtues of mobile apps and online services in coming months. And for good reason: They’re just about the only part of Apple’s business that’s growing right now.

  • In this Sept. 29, 2014 file photo, from left, Margo MacNabb Nederlander, James L. Nederlander, James M. Nederlander and Charlene Nederlander attend the 8th Annual Exploring The Arts Gala benefit in New York. James M. Nederlander, who took over the fledgling Nederlander Organization from his father and built it into one of the largest producers of live entertainment and a dominant national theater chain that includes nine Broadway houses, died, Monday, July 25, 2016. He was 94. (Photo by Scott Roth/Invision/AP, File)

    Broadway giant James ‘Jimmy’ Nederlander dies at 94

    NEW YORK (AP) — James M. Nederlander, who took over the fledgling Nederlander Organization from his father and built it into one of the largest producers of live entertainment and a dominant national theater chain that includes nine Broadway houses, has died. He was 94.