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Stocks are moderately lower in midday trading, a day after the Nasdaq composite closed at a record high.
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Mystery of disappearing holes in Swiss cheese solved

The Associated Press  |  posted 10 minutes ago
The mystery of Swiss cheese and its disappearing holes has been solved: The milk's too clean.
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Top finance officials debate what's needed for global growth

David McHugh, Associated Press  |  posted 21 minutes ago
Top finance officials from the Group of Seven wealthy democracies are debating ways to broaden and strengthen economic recoveries that aren't as robust as everyone would like.
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Average US rate on 30-year mortgage rises to 3.87 pct.

The Associated Press  |  posted May 28th - 9:22am
Average long-term U.S. mortgage rates rose this week to their highest level so far this year as new data showed strength in the housing market.
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School Board OK's charter school, given certain conditions

The Associated Press  |  posted 10 minutes ago
The Tangipahoa School Board says it will not stand in the way of a charter school planning to open in Hammond this fall.
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US gambling market saturated, yet casinos keep on coming

Wayne Parry, Associated Press  |  posted 21 minutes ago
The casino market in the northeastern United States is saturated, yet that's not stopping some states from approving gambling legislation and companies from building new gambling halls.
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FCC head seeks to narrow 'digital divide' with new proposal

Tali Arbel, Associated Press  |  posted 21 minutes ago
The head of the Federal Communications Commission is proposing that the government agency expand a phone subsidy program for the poor to include Internet access.
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Uber, Lyft push back against proposed NYC regulations

The Associated Press  |  posted 31 minutes ago
Uber and Lyft are pushing back against a New York City effort to regulate app-based ride-hailing services.
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Atlantic City sues over failed community loan program

Josh Cornfield, Associated Press  |  posted 39 minutes ago
A 2-year-old loan program that was supposed to lend as much as $40 million to struggling homeowners and businesses in this cash-strapped resort city has given out nothing and has instead led to a federal lawsuit.
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Florida's highest court rules UCF has immunity

Mike Schneider, Associated Press  |  posted 40 minutes ago
The Florida Supreme Court has ruled that the private corporation that runs the University of Central Florida's athletic program won't have to pay $10 million to the family of a football player who died during practice.
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Automakers, gov't to reveal models in expanded Takata recall

Tom Krisher, Associated Press  |  posted 50 minutes ago
Automakers and governments are starting to announce the models covered by last week's massive expansion of a Takata air bag recall.
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FBI says it's investigating identity theft at IRS

The Associated Press  |  posted 50 minutes ago
The FBI says it's begun an investigation into the theft of personal tax information of more than 100,000 taxpayers from an Internal Revenue Service website.
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Avago looks to grow with $37B deal for chipmaker Broadcom

Bree Fowler, Associated Press  |  posted 50 minutes ago
Avago Technologies is buying rival chipmaker Broadcom in a cash and stock deal worth about $37 billion, vastly expanding its lineup of products for the rapidly growing wireless device market at a time when sales growth has otherwise been tough to come by for smaller chipmakers.
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Huge drop in West Virginia coal production forecast

Jonathan Mattise, Associated Press  |  posted May 28th - 9:21am
West Virginia University researchers predict that state coal production will drop 39 percent compared with the industry's last high point in 2008.
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Sarkozy ex-ally acquitted of manipulating l'Oreal heiress

The Associated Press  |  posted May 28th - 9:21am
A French court has acquitted a former ally of Nicolas Sarkozy on charges of swindling millions of euros from France's richest woman, L'Oreal heiress Liliane Bettencourt, by taking advantage of her weak mental state.
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