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OPEC likely to extend output cuts, but price relief elusive

The Associated Press  |  Posted   May 24th - 2:20am

OPEC oil ministers meeting this week appear damned if they don't extend production cuts — and only slightly less damned if they do.

China shuts some live streaming sites, punishes companies

The Associated Press  |  Posted   May 24th - 2:02am

Chinese authorities have punished dozens of companies involved in live online broadcasting and shut down numerous hosting platforms for showing content that was pornographic, related to gambling or involved content considered superstitious and harmful to minors.

China's Geely to buy Lotus, take stake in Malaysia's Proton

Eileen By and Joe McDonald, Associated Press  |  Posted   May 24th - 2:01am

The Chinese owner of Sweden's Volvo Cars agreed Wednesday to buy 49.9 percent of Malaysian automaker Proton, expanding its presence in Southeast Asia.

AP FACT CHECK: Budget chief slams Obama growth forecast

Josh Boak, Associated Press  |  Posted   May 24th - 1:43am

Trump budget director Mick Mulvaney, defending an administration that promises more economic growth than many think it can deliver, said Tuesday it's the Obama administration that went overboard in its forecasts for growth. His indictment glosses over significant differences in the economy now and then.

Moody's cuts China credit rating over rising debt

Joe McDonald, Associated Press  |  Posted   May 24th - 1:35am

The Moody's ratings agency on Wednesday cut China's credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by communist leaders as they overhaul a slowing economy.

United CEO likely to face investor questions about dragging

David Koenig and Don Babwin, Associated Press  |  Posted   May 24th - 1:26am

United Airlines CEO Oscar Munoz is likely to face questions from shareholders Wednesday about the rough removal of a passenger from a flight, an incident that sparked weeks of bad publicity.

Airlines do limit what you can photograph, video on flights

David Koenig, Associated Press  |  Posted   May 24th - 1:23am

Without the shocking video, it's unlikely that the world would have learned or cared about the violent manhandling of a 69-year-old man on a plane last month.

United CEO likely to face investor questions about dragging

David Koenig and Don Babwin, Associated Press  |  Posted   May 24th - 1:13am

United Airlines CEO Oscar Munoz is likely to face questions from shareholders Wednesday about the rough removal of a passenger from a flight, an incident that sparked weeks of bad publicity.

Seoul Semiconductor Continuously Pursues patent infringement actions against Everlight products

Seoul Semiconductor Co., Ltd., Associated Press  |  Posted   May 24th - 1:10am

On April 28, 2017, Seoul Semiconductor Europe GmbH (“Seoul”) filed a patent infringement claim in Germany at the District Court of Düsseldorf against Mouser Electronic Inc. (“Mouser), a global electronic components distributor, which it accused of selling Everlight LED products.

Seoul Semiconductor erhebt weitere Patentverletzungsklage gegen Everlight-Produkte

Seoul Semiconductor Co., Ltd., Associated Press  |  Posted   May 24th - 1:10am

Am 28. April 2017 hat die Seoul Semiconductor Europe GmbH („Seoul“) am Landgericht Düsseldorf eine Patentverletzungsklage gegen Mouser Electronic Inc. („Mouser“) mit dem Vorwurf, LED-Produkte von Everlight zu verkaufen, eingereicht. Mouser ist ein weltweit agierender Händler von elektronischen Komponenten.

Cabinet members head to Capitol Hill to defend Trump budget

Andrew Taylor, Associated Press  |  Posted   May 24th - 1:05am

Top officials in President Donald Trump's Cabinet are heading to Capitol Hill to defend his plans to cut domestic programs and parry Democratic criticism of his tax proposals.

China shuts only undersea coal mine amid production rebound

The Associated Press  |  Posted   May 24th - 1:05am

China is shutting down its only undersea coal mine, state-run newspapers reported Wednesday, as the government struggles to rein in rising production that threatens to frustrate a planned shift to cleaner-burning fuels.

Poor and disabled big losers in Trump budget; military wins

Stephen Ohlemacher, Associated Press  |  Posted   May 24th - 12:54am

The poor and the disabled are big losers in President Donald Trump's $4.1 trillion budget proposal while the Pentagon is a big winner.

Trump's food stamp cuts face hard sell in Congress

Mary Clare Jalonick, Associated Press  |  Posted   May 24th - 12:40am

President Donald Trump's budget builds on more than two decades of Republican efforts to cut food stamps.

Advocates: Federal role crucial for iconic waterway cleanups

John Flesher, Associated Press  |  Posted   May 24th - 12:22am

The Trump administration makes a straightforward case for slashing $427 million in federal spending to heal ailing regional water bodies such as the Great Lakes, Chesapeake Bay and Puget Sound: State and local governments should do the work and foot the bill.

China stocks fall after rating cut, other Asian markets gain

Joe McDonald, Associated Press  |  Posted   May 23rd - 11:51pm

Chinese stocks sank Wednesday after Moody's cut Beijing's government debt rating and other Asian markets rose following Wall Street's advance.

Maine senators join fight to ease sea urchin shipping burden

The Associated Press  |  Posted   May 23rd - 10:31pm

Maine's U.S. senators are on board with a plan to make it easier for seafood dealers to export sea urchins and sea cucumbers outside of the United States.

Moody's cuts China rating citing rising debt, slowing growth

Kelvin Chan, Associated Press  |  Posted   May 23rd - 10:22pm

Rating agency Moody's cut its credit rating for China on Wednesday, citing slowing economic growth and rising debt that it says will erode the country's financial strength.

China stocks fall after rating cut, other Asian markets gain

Joe McDonald, Associated Press  |  Posted   May 23rd - 10:03pm

Chinese stocks sank Wednesday after Moody's cut the country's debt rating and other Asian markets rose following Wall Street's advance.

The Latest: Some of Trump's GOP allies slam budget plan

The Associated Press  |  Posted   May 23rd - 9:00pm

The Latest on President Donald Trump's budget for the fiscal year beginning Oct. 1 (all times local):