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SC State's $12M debt to be forgiven, $6M must be repaid

Seanna Adcox, Associated Press  |  Posted  May 27th - 12:41pm

South Carolina State University would be free from $12 million in state loans but would have to repay $6 million over the next 16 years under a budget clause approved by legislators.

Google-backed Magic Leap alleges workers stole its secrets

The Associated Press  |  Posted  May 27th - 12:40pm

Artificial reality startup Magic Leap is accusing two Silicon Valley employees of stealing the closely guarded secrets that make its technological tricks work.

Verizon, unions reach deal in principle for 4-year contract

The Associated Press  |  Posted  May 27th - 12:30pm

Striking Verizon employees may be back to work next week after the company and its unions reached an agreement in principle for a four-year contract.

Yellen: Rate hike in coming months would be 'appropriate'

Martin Crutsinger and Steve Leblanc, Associated Press  |  Posted  May 27th - 12:20pm

Federal Reserve Chair Janet Yellen says a move to increase interest rates in coming months will be "appropriate" if the economy keeps improving.

Venezuela boy's death sparks anger over health care crisis

The Associated Press  |  Posted  May 27th - 12:11pm

Venezuelans are expressing dismay over the death of an 8-year-old boy with non-Hodgkin's lymphoma who had become a symbol of the crisis-wracked nation's collapsed health care system.

Emotional budget hearing as people plead for health services

Melinda Deslatte, Associated Press  |  Posted  May 27th - 12:11pm

Parents of children with developmental disabilities chastised state lawmakers, describing it as unconscionable they have to return year after year to plead for financing for children's health services.

Justin Bieber, Skrillex sued for copyright infringement

The Associated Press  |  Posted  May 27th - 12:10pm

Justin Bieber and Skrillex have been sued for copyright infringement by singer-songwriter Casey Dienel for the multi-platinum song "Sorry."

Economy grew at 0.8 percent rate in first quarter

The Associated Press  |  Posted  May 27th - 11:21am

Economists are encouraged by the government's report today that the economy grew at an annual rate of eight-tenths of one percent in the first quarter.

Defying critics, Libya's eastern bank prints its own money

Rami Musa, Associated Press  |  Posted  May 27th - 11:11am

Libya's cash-strapped eastern central bank announced it had printed its own bank notes Friday, overcoming initial opposition from the U.N.-backed western government but sparking concern at the divided country's ability to develop coherent monetary and economic policies.

Lager law: Attorneys' guild formed for craft brewers, others

Jeff Karoub, Associated Press  |  Posted  May 27th - 11:10am

A legal trade group has been formed for the makers of craft beer and other alcoholic beverages, recognizing the rapid rise of the industry and a desire to deal with a thick brew of regulations across the U.S.

Researchers: Asian bank hacks may be linked to North Korea

Bree Fowler, Associated Press  |  Posted  May 27th - 11:02am

Cybersecurity researchers say North Korea might be connected to a recent attack that resulted in the theft of over $100 million from the Bangladeshi central bank and the attempted thefts of millions more from other Asian banks.

Uber appeals Pennsylvania utility regulator's $11M fine

The Associated Press  |  Posted  May 27th - 10:51am

Uber is asking Pennsylvania utility regulators to reconsider the $11.4 million fine they issued against the ride-hailing company.

Judge OKs copyright settlement over Vivian Maier photos

The Associated Press  |  Posted  May 27th - 10:40am

A judge has approved a settlement in a legal tussle over copyrights to photos from the 1950s onward shot by a Chicago nanny profiled in an Oscar-nominated documentary.

Hercules Offshore strikes deal with lenders

The Associated Press  |  Posted  May 27th - 10:30am

Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year.

Holiday air travelers get a break from long security lines

Jeff Martin and Russ Bynum, Associated Press  |  Posted  May 27th - 10:30am

Travelers who were dreading long airport security lines ahead of the Memorial Day weekend instead reported moving quickly through checkpoints Friday after authorities opened extra screening lanes and used bomb-sniffing dogs to give some passengers a break from removing their shoes.

Markets Right Now: Stocks trade higher on Wall Street

The Associated Press  |  Posted  May 27th - 10:11am

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

World's largest hedge fund receives aid from Connecticut

Susan Haigh, Associated Press  |  Posted  May 27th - 9:40am

A Connecticut commission has approved a $22 million loan and grant package to help the world's largest hedge fund upgrade its offices.

West Virginia warns 55 prison educators of possible layoffs

The Associated Press  |  Posted  May 27th - 9:30am

West Virginia officials have warned 55 prison educators of possible layoffs amid the ongoing budget stalemate.

Nigeria: Local leaders back militants hitting oil production

Hilary Uguru, Associated Press  |  Posted  May 27th - 9:21am

Community leaders in Nigeria's oil-producing Niger Delta are voicing support for a new group of violent militants, saying their demands for a greater share of oil wealth match the aspirations of local people to protest decades of abuse and pollution.