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Biogen plans to spin off hemophilia business

The Associated Press  |  Posted  May 3rd - 6:00am

Biotechnology company Biogen says it plans to spin off its hemophilia business into a separate, publicly traded company.

Once a Clinton stronghold, Appalachia now Trump country

Lisa Lerer, Associated Press  |  Posted  May 3rd - 6:00am

When President Bill Clinton rolled into the small Appalachian town of Ashland, Kentucky, in 1996, cheering crowds lined the streets. Local boy turned country music star Billy Ray Cyrus performed a special version of his hit, "Achy Breaky Heart." And nearly 20,000 supporters attended a riverfront re-election rally, dozens collapsing from heat exhaustion in the August sun.

Survey: Upcoming election makes small business owners wary

Joyce M. Rosenberg, Associated Press  |  Posted  May 3rd - 5:51am

Uncertainty about the approaching presidential election is leading small business owners to take a wait-and-see approach to the economy and their companies, a survey published Tuesday shows.

Notes from Egypt's Interior Ministry leaked to journalists

The Associated Press  |  Posted  May 3rd - 5:30am

Notes containing internal instructions for Egypt's Interior Ministry have been leaked to the media.

Australia plans to halve budget deficit within 3 years

Rod McGuirk, Associated Press  |  Posted  May 3rd - 5:30am

Australia's government said Tuesday it plans to reduce its budget deficit by more than half in three years while maintaining momentum in a sluggish economy with personal and business tax cuts.

Effect of freight train derailment in DC extends to 2nd day

The Associated Press  |  Posted  May 3rd - 5:21am

Commuters are finding a different way into work for a second day after a weekend freight train derailment in Washington.

Gaza sewage poisons coastline, threatens Israel

Fares Akram and Daniella Cheslow, Associated Press  |  Posted  May 3rd - 5:10am

Each day, millions of gallons of raw sewage pour into the Gaza Strip's Mediterranean beachfront, spewing out of a metal pipe and turning miles of once-scenic coastline into a stagnant dead zone.

Markets Right Now: Weak Chinese survey weighs on Europe

The Associated Press  |  Posted  May 3rd - 5:00am

The Latest on global financial markets (all times local):

Indian teenager dies while shooting selfie with loaded gun

The Associated Press  |  Posted  May 3rd - 4:40am

A teenager has died after accidentally shooting himself while posing for a selfie with a loaded handgun held to his head, police said Tuesday.

Jim Beam fills 14 millionth bottle of bourbon

The Associated Press  |  Posted  May 3rd - 4:30am

Jim Beam has filled and sealed its 14 millionth barrel of bourbon since the 1933 repeal of Prohibition, achieving a first in the bourbon industry.

BMW enjoys strong Europe, Asia sales but cautious on outlook

The Associated Press  |  Posted  May 3rd - 4:10am

Luxury automaker BMW says net profit rose 8.2 percent in the first quarter thanks to strong sales in Europe and Asia, but the company gave a restrained outlook for the rest of the year.

Liberty House confirms bid for Tata Steel assets in UK

The Associated Press  |  Posted  May 3rd - 3:50am

Commodities trading firm Liberty House has confirmed that it will bid for Tata Steel's available assets in the U.K., including the Port Talbot plant in south Wales.

France: US-EU trade deal blocked, probably doomed

The Associated Press  |  Posted  May 3rd - 3:30am

France's trade minister says a huge free trade deal between the U.S. and Europe is probably doomed, and France would reject the current version because it's too friendly to U.S. business.

French parliament debates labor law after violent protests

The Associated Press  |  Posted  May 3rd - 2:00am

After a month of often violent protests, French legislators are starting to debate a hotly contested labor bill that would make it easier to lay off workers and weaken some union powers.

Uber, China's Alipay expand cooperation to foreign markets

The Associated Press  |  Posted  May 3rd - 1:50am

Ride-hailing service Uber and the payment service of e-commerce giant Alibaba Group are expanding a partnership to allow Chinese travelers to summon and pay for a car in any country where Uber operates.

Lights out: Philips to launch IPO for lighting division

Mike Corder, Associated Press  |  Posted  May 3rd - 1:10am

Royal Philips NV announced Tuesday that it is spinning off its iconic lighting division in an initial public offering so it can focus on its future as a health technology provider.

Rich newspaper owners: Industry saviors or foes?

Brady McCombs, Associated Press  |  Posted  May 3rd - 1:10am

The Salt Lake Tribune's pending sale to the wealthy Huntsman family unshackles the newspaper from cost-cutting corporate owners and resolves crippling financial uncertainty — but it also raises concerns about whether the influential family will meddle in the paper's coverage.

Cause of fatal 2015 DC subway fire to be determined

Ben Nuckols, Associated Press  |  Posted  May 3rd - 1:00am

Federal investigators are set to determine the cause of an electrical fire that killed a passenger on a subway train in downtown Washington.

HSBC profit lower in volatile market

The Associated Press  |  Posted  May 3rd - 12:20am

HSBC Holdings PLC says its latest quarterly profit fell 18 percent from a year earlier due to global market volatility.

Australia cuts key interest rate to record low 1.75 percent

The Associated Press  |  Posted  May 3rd - 12:10am

Australia's central bank on Tuesday cut its benchmark interest rate to a record low 1.75 percent as it responded to a low outlook for inflation.