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Stocks drift higher; Banks gain as rates rise

Stocks drifted higher in afternoon trading Tuesday, as investors bid up shares in financial stocks such as E-Trade Financial and Charles Schwab. The sector benefited from a rise in long-term interest rates as bond prices fell following a report showing consumer prices fell sharply last month.

Last Updated on Tuesday, 17 June 2014

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Tornadoes flatten tiny rural Nebraska town; 2 dead

PILGER, Neb. (AP) — As two giant tornadoes bore down on tiny Pilger, Nebraska, Trey Wisniewski heard the storm sirens, glanced out at the blackening sky and rushed with his wife into their basement.

Last Updated on Tuesday, 17 June 2014

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FDA prepping long-awaited plan to reduce salt

WASHINGTON (AP) — Food companies and restaurants could soon face government pressure to make their foods less salty — a long-awaited federal effort to try to prevent thousands of deaths each year from heart disease and stroke.

Last Updated on Tuesday, 17 June 2014

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US forces move into Iraq with security mission

WASHINGTON (AP) — Nearly 300 armed American forces are being positioned in and around Iraq to help secure U.S. assets as President Barack Obama nears a decision on an array of options for combating fast-moving Islamic insurgents, including airstrikes or a contingent of special forces.

Last Updated on Tuesday, 17 June 2014

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Tornadoes flatten tiny Nebraska town; 1 child dies

PILGER, Neb. (AP) — A storm packing rare dual tornadoes tore through a tiny farming town in northeast Nebraska, killing a 5-year-old girl, leaving grain bins crumpled like discarded soda cans and flattening dozens of homes.

Last Updated on Tuesday, 17 June 2014

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Giving increases for some sectors, not for others

NEW YORK (AP) — Wealthy donors are lavishing money on their favored charities, including universities, hospitals and arts institutions, while giving is flat to social service and church groups more dependent on financially squeezed middle-class donors, according to the latest comprehensive report on how Americans give away their money.

Last Updated on Tuesday, 17 June 2014

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Police: Priest killed with gun owned by colleague

PHOENIX (AP) — A homeless ex-convict beat a priest with a metal rod in his residence at a Phoenix church then wrestled away a handgun owned by the clergyman before fatally shooting the man's assistant, police said Monday as they announced an arrest in the case.

Last Updated on Tuesday, 17 June 2014

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Iran nuke talks resume amid huge differences

VIENNA (AP) — With their July 20 target date for a nuclear deal only weeks away, Iran and six world powers are meeting to see if stubborn differences can be overcome.

Last Updated on Tuesday, 17 June 2014

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