Obama administration: 16.4M have gained health insurance

WASHINGTON — More than 16 million Americans have gained insurance coverage as a result of President Barack Obama's health care law, the administration said Monday as the White House prepares to commemorate the fifth anniversary of the law's signing....

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What it means if Fed no longer says it's 'patient' on rates

WASHINGTON — For the Federal Reserve, patience may no longer be a virtue. Surrounding the Fed's policy meeting this week is the widespread expectation that it will no longer use the word "patient" to describe its stance on raising interest rates from...

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US stocks open higher, rebounding after weeks of losses

NEW YORK — U.S. stocks opened higher Monday, led by health care and utilities companies, rebounding after three weeks of losses. Investors will be focusing on the Federal Reserve this week. Policymakers begin a two-day meeting Tuesday and may signal...

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Blackstone buying Chicago's Willis Tower for undisclosed sum

NEW YORK — Blackstone is buying Chicago's Willis Tower, once called the Sears Tower, from 233 South Wacker LLC for an undisclosed amount. The Willis Tower is 110-stories and the second-tallest office building in the U.S. It is the fifth-tallest office...

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Flawed Social Security data say 6.5M in US reach age 112

WASHINGTON — Americans are getting older, but not this old: Social Security records show that 6.5 million people in the U.S. have reached the ripe old age of 112. In reality, only few could possibly be alive. As of last fall, there were only 42 people...

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US homebuilder sentiment slips in March

U.S. homebuilders are feeling slightly less confident in their sales prospects, but their overall sales outlook remains favorable. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday slipped to 53 this month,...

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Factory output falls for third straight month in February

WASHINGTON — Output at U.S. factories fell for a third straight month in February, driven by a big drop in production at auto plants. The Federal Reserve said Monday that manufacturing output fell 0.2 percent in February, following a decline of 0.3...

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Unions in Hungary seek referendum to overturn shopping ban

BUDAPEST, Hungary — Hungarian trade unions will try to launch a referendum to overturn a new rule banning most stores from opening on Sundays. Istvan Gasko, president of the Democratic League of Independent Trade Unions, said Monday the government had...

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Massachusetts gas prices drop 4 cents per gallon

BOSTON — After several weeks of rising prices, the cost of gasoline in Massachusetts is falling again. AAA Northeast reported Monday that the cost of a gallon of self-serve, regular has dropped 4 cents to an average of $2.41, a penny less than the national...

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Feds give up on collecting $4M fine in Connecticut scandal

NEW HAVEN, Conn. — Federal prosecutors have given up on collecting a $4 million fine from a defunct Boston investment firm that was convicted in a late 1990s Connecticut treasurer's bribery and kickback scandal. A federal judge on Friday granted prosecutors'...

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