In an unprecedented move, President Barack Obama's vaunted political organization is being turned into a nonprofit group funded in part by corporate money to mobilize support behind the president's second-term agenda.

Connecticut Light & Power and the union that represents about 1,100 workers reached a contract agreement Thursday that proposes a wage increase of about 11 percent over four years.

The Federal Reserve is releasing transcripts of the eight meetings its policy committee held in 2007. The meetings occurred as the country was on the brink of the worst financial crisis since the Great Depression.

The basic rationale suggests to keep most of your retirement savings in the stock market, because stocks are likely to provide greater long-term growth than bonds. Is that a good idea?

The fund's $9.5 billion portfolio includes about $146,000 invested in Sturm Ruger & Co. and Smith & Wesson Holding Corp.

The federal government is giving Oregon $226 million to finish creating an online marketplace where people can shop for health insurance.

Officials say New York's unemployment rate dropped to 8.2 percent in December from 8.3 percent a month earlier.

Los Angeles Mayor Antonio Villaraigosa is asking several city pension programs to end their investments in corporations that manufacture firearms, ammunition or high-capacity ammunition magazines.