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White House: Trump budget will hike defense spending by $54B

Andrew Taylor and Julie Pace, Associated Press  |  Posted   Feb 27th - 8:46am

The White House says President Donald Trump's upcoming budget will propose a whopping $54 billion increase in defense spending and impose corresponding cuts to domestic programs and foreign aid.

Boston transit agency leads US in light rail derailments

The Associated Press  |  Posted   Feb 27th - 8:45am

The eight Massachusetts Bay Transportation Authority trains that derailed last year were the most of any light rail public transit agency in the country.

Fewer Americans signed contracts to buy homes in January

Christopher S. Rugaber, Associated Press  |  Posted   Feb 27th - 8:35am

Fewer Americans signed contracts to purchase homes last month as rising prices, higher mortgage rates and a dwindling supply of available homes appeared to frustrate many potential buyers, especially in the West.

Grain lower; livestock higher

The Associated Press  |  Posted   Feb 27th - 8:35am

Grain futures were lower Monday in early trading on the Chicago Board of Trade.

Flight attendant charged in fake bomb threat signs plea deal

The Associated Press  |  Posted   Feb 27th - 8:34am

A flight attendant accused of making bogus bomb threats on two Skywest flights in 2015 has signed a plea deal to avoid trial, but that could send him to prison for decades.

Grain lower; livestock higher

The Associated Press  |  Posted   Feb 27th - 8:30am

Grain futures were lower Monday in early trading on the Chicago Board of Trade.

PwC's hard-won reputation under threat after Oscars mistake

Pan Pylas, Associated Press  |  Posted   Feb 27th - 8:26am

For 82 years, accounting and consulting firm PwC has enjoyed a reputational boon from handling the balloting process at the Academy Awards.

The Latest: Trump wants to restore states' powers

The Associated Press  |  Posted   Feb 27th - 8:26am

The Latest on President Donald Trump (all times local):

Liz Weston: The emergency fund you can eat

Liz Weston, Associated Press  |  Posted   Feb 27th - 8:25am

three to six months' worth of expenses — can take years. You can build an edible emergency fund a lot quicker.

White House: President Donald Trump's upcoming budget to ask for $54B increase in defense budget

The Associated Press  |  Posted   Feb 27th - 8:25am

White House: President Donald Trump's upcoming budget to ask for $54B increase in defense budget.

Markets Right Now: Stocks open lower on Wall Street

The Associated Press  |  Posted   Feb 27th - 7:43am

The latest on developments in financial markets (All times local):

US durable goods orders jumped 1.8 percent in January

Martin Crutsinger, Associated Press  |  Posted   Feb 27th - 7:26am

U.S. businesses boosted their orders for long-lasting manufactured goods in January by the largest amount in three months, but a key category that tracks business investment plans slipped.

United, after years of declining revenue, hits the thrusters

David Koenig, Associated Press  |  Posted   Feb 27th - 7:03am

United Airlines, which lost the distinction of being the world's biggest carrier after shrinking for several years, plans to regain lost ground by adding more flights from key airports this summer.

Malaysia says Saudi Aramco will invest $7 billion in oil hub

The Associated Press  |  Posted   Feb 27th - 6:26am

Malaysian Prime Minister Najib Razak said Monday that oil major Saudi Aramco will invest $7 billion in a mammoth oil processing hub in Malaysia, making it the single largest investor in the Southeast Asian country.

Drought, hunger push Somalis to flee amid fears of famine

Abdi Guled, Associated Press  |  Posted   Feb 27th - 6:16am

Her eyes glued to the feeble movements of her malnourished baby with protruding ribs and sunken eyes, Fadumo Abdi Ibrahim struggled to hold back her tears in the stifling and crowded feeding center in Somalia's capital. She waved a scrap of fabric over him to create a current of air.

The Latest: Buffett says $143B Unilever talks soured quickly

The Associated Press  |  Posted   Feb 27th - 6:16am

The Latest on investor Warren Buffett's comments on a variety of topics (all times local):

Global markets cautious ahead of Trump speech

Joe McDonald, Associated Press  |  Posted   Feb 27th - 5:15am

World stock markets were subdued Monday as investors looked ahead to U.S. President Donald Trump's speech to Congress this week for details of promised tax cuts and infrastructure spending.

Buffett's bite of Apple even bigger than was thought

Josh Funk, Associated Press  |  Posted   Feb 27th - 5:09am

Warren Buffett says he's investing heavily in Apple, believing that once consumers begin using the company's products they aren't likely to stop.

China arrests 800 in crackdown on underground banking

The Associated Press  |  Posted   Feb 27th - 4:24am

More than 800 people have been arrested in a crackdown on unlicensed banking operations as Beijing tries to stem outflows of money from the country, the police ministry says.

Kurdish rebels attack freight train in Turkey; no casualties

The Associated Press  |  Posted   Feb 27th - 4:20am

Turkey's state-run news agency says Kurdish rebels bombed railway tracks as a freight train was passing by, derailing several carriages. No one was hurt in the attack.