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Opening statements in Detroit's historic bankruptcy trial began Tuesday afternoon in federal court, where lawyers for the city will attempt to convince a judge that its plans to wipe out billions of dollars in debt should be approved.
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US stock market drifts lower in afternoon trading

Matthew Craft, Associated Press  |  posted 30 minutes ago
U.S. stocks drifted lower Tuesday afternoon even as reports showed the economy gaining strength. Crude oil prices sank, pulling Exxon Mobil, Chevron and other oil producers down.
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It's no longer safe to recline your airplane seat

Scott Mayerowitz, Associated Press  |  posted 30 minutes ago
Squeezed into tighter and tighter spaces, airline passengers appear to be rebelling, taking their frustrations out on other fliers.
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Christie to Mexico on trade mission, 2016 politics

Jill Colvin, Associated Press  |  posted 39 minutes ago
New Jersey Gov. Chris Christie is heading to Mexico on Wednesday, officially on a trade mission for his state. But the trip also serves as schooling for Christie, a potential 2016 presidential candidate with a lot of swagger but little foreign policy experience.
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PG&E fined $1.4B for deadly 2010 gas line blast

Ellen Knickmeyer, Associated Press  |  posted 10 minutes ago
California regulatory judges issued a $1.4 billion penalty on Tuesday against the state's largest utility for a 2010 gas pipeline explosion that engulfed a suburban San Francisco neighborhood in fire, killing eight people and prompting national alerts about aging pipelines.
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Norwegian sails into luxury with Prestige purchase

The Associated Press  |  posted 10 minutes ago
Norwegian Cruise Line is sailing into the luxury sector by buying the high-end Prestige Cruises International.
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McDonald's boosts oversight of Chinese suppliers

The Associated Press  |  posted 10 minutes ago
McDonald's said it will monitor its suppliers in China more closely after a food-safety scandal in the country hurt the hamburger chain's sales and reputation.
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Luna proposes largest budget increase yet

Kimberlee Kruesi, Associated Press  |  posted 19 minutes ago
Superintendent of Public Instruction Tom Luna is proposing a 6.9 percent budget increase to Idaho's public school funding for 2015. Luna says the budget calls for the largest spending increase he's ever proposed in his nearly eight-year tenure.
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Gold, silver fall

The Associated Press  |  posted 19 minutes ago
The September gold contract on the New York Mercantile Exchange closed today at $1263.70 an ounce -- down $22.10.
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Crude falls

The Associated Press  |  posted 19 minutes ago
Crude oil futures prices ended lower on the New York Mercantile Exchange. The near-month contract for the benchmark grade fell $3.08 -- closing at $92.88 a barrel.
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Dollar mixed

The Associated Press  |  posted 19 minutes ago
The U.S. dollar is mixed against other North American currencies in New York trading.
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Love, Owens to roll out TV ads this month

The Associated Press  |  posted 20 minutes ago
The state's most high-profile political race this year will soon spill onto Utah televisions.
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Home Depot investigates credit-card data breach

Anne D'innocenzio, Associated Press  |  posted 28 minutes ago
Home Depot may be the latest retailer to suffer a credit card data breach.
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Close

The Associated Press  |  posted 30 minutes ago
Futures trading on the Chicago Board of Trade Tue.:
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Irish tax haul jumps, signals kinder 2015 budget

Shawn Pogatchnik, Associated Press  |  posted 30 minutes ago
Ireland's tax collections are beating targets and have put the country on course to achieve normal deficit levels after six years of austerity, the government announced Tuesday.
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Obama names first Asian-American EEOC chair

The Associated Press  |  posted 40 minutes ago
Jenny R. Yang has been named as the new chair of the Equal Employment Opportunity Commission, becoming the first Asian-American to lead that agency.
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