Ken Stanford

Stocks closed high Wednesday after the Federal Reserve said the U.S. economy was doing well enough for the central bank to make further reductions to its stimulus program.

Federal Reserve Chair Janet Yellen thinks the U.S. economy still isn't healthy enough to grow at a consistently strong pace without help from the Fed.

Amazon Wednesday introduced a new smartphone that will be closely tied to the products and services it sells, while adding such touches as the ability to render images in 3-D.

An 89-year-old Philadelphia man was ordered held without bail Wednesday on a German arrest warrant charging him with aiding and abetting the killing of 216,000 Jewish men, women and children while he was a guard at the Auschwitz death camp.

The U.S. Patent Office ruled Wednesday that the Washington Redskins nickname is "disparaging of Native Americans" and that the team's federal trademarks for the name must be canceled.

Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs.

President Barack Obama has shifted his focus away from airstrikes in Iraq as an imminent option for slowing a fast-moving Islamic insurgency, in part because there are few clear targets that U.S. could hit, officials said.