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The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit.
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Stocks open slightly lower after economic data disappoints

The Associated Press  |  posted 40 minutes ago
U.S. stocks are opening slightly lower after the government reported that the domestic economy contracted in the first three months of the year.
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US presses Europeans at meeting to solve Greek crisis

David McHugh, Associated Press  |  posted May 29th - 7:22am
Finance ministers from the Group of Seven wealthy democracies heard a sharp call from U.S. Treasury Secretary Jacob Lew to find agreement on more financial help for Greece.
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Japan, EU agree to step up defense, economic ties

Mari Yamaguchi, Associated Press  |  posted May 29th - 7:11am
Japanese and European leaders agreed Friday to step up defense and economic ties, and expressed concern about rising tensions in the South China Sea.
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Greek bank deposits fall to lowest in more than a decade

Nicholas Paphitis, Associated Press  |  posted May 29th - 6:52am
Bank deposits in Greece have hit their lowest in more than a decade, according to data released Friday, as Greeks concerned about the painfully slow pace of their government's talks with bailout creditors withdrew savings in an orderly but steady flow.
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For failed Atlantic City loan program, big promises fizzled

Josh Cornfield, Associated Press  |  posted May 29th - 5:41am
When Jim Thigpen first met with an investor in early 2012 to discuss selling control of the Tennessee financial firm he had run for more than 20 years, he said W. Wesley Drummon boasted of a business plan that involved $2 billion from the Bank of China. Nothing was said about running a loan program for Atlantic City.
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Fired school superintendent sues to regain job

The Associated Press  |  posted May 29th - 6:31am
A former Dothan school superintendent who was fired over sexual harassment allegations is suing to regain his job.
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Healthy foods company hopes to add 200-250 Pennsylvania jobs

The Associated Press  |  posted May 29th - 6:31am
A company that sells specialty fresh vegetables and healthy party trays plans to add 200 to 250 employees by more than tripling the size of its south-central Pennsylvania operation.
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US says China has artillery vehicles on artificial island

Lolita C. Baldor, Associated Press  |  posted May 29th - 6:31am
Two large artillery vehicles were detected on one of the artificial islands that China is creating in the South China Sea, U.S. officials said Friday, underscoring ongoing concerns that Beijing may try to use the land reclamation projects for military purposes.
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Woman wins $100 million in transvaginal mesh case

The Associated Press  |  posted May 29th - 6:01am
A Delaware jury has ordered a medical device manufacturer to pay $100 million to a woman who, despite two surgeries, still has pieces of transvaginal mesh embedded inside her.
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China destroys more than 660 kilograms of smuggled ivory

The Associated Press  |  posted May 29th - 5:33am
Chinese authorities Friday destroyed 662 kilograms of ivory that was seized after being smuggled into the country, as part of a crackdown on the illegal trade.
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Iowa reports probable bird flu case in Hamilton County

The Associated Press  |  posted May 29th - 5:01am
Iowa officials have reported another probable case of bird flu in the state.
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UK reporter handed suspended sentence in bribery case

The Associated Press  |  posted May 29th - 4:51am
A British tabloid reporter has been handed a suspended 18-month prison sentence over a police bribery case.
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Observatory at One World Trade Center opens to public

The Associated Press  |  posted May 29th - 4:43am
There's a new bird's eye view of New York City.
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Bankrupt Caesars division has until November to file plan

The Associated Press  |  posted May 29th - 4:42am
A bankruptcy judge says Caesars Entertainment Operating Co. has until Nov. 15 to file a reorganization plan and until Jan. 15, 2016 to get its creditors on board.
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Here is the latest Nevada news from The Associated Press

The Associated Press  |  posted May 29th - 2:31am
A Nevada panel has revived and passed a measure that would change the state's presidential caucus to a primary election. The measure would allow national political party heads to change Nevada's current caucus system for selecting a presidential candidate to a primary election. Supporters say the change would increase voter turnout and avoid a confusing caucus process.
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