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Greece rules out "what if" austerity measures sought by IMF

The Associated Press  |  Posted  May 4th - 6:10am

Greece will not approve contingency savings measures that the International Monetary Fund is demanding in case the country does not meet budget targets set out by bailout lenders, an official said Wednesday.

The Latest: Detroit schools opening after teacher sick-out

The Associated Press  |  Posted  May 4th - 6:00am

The Latest on Detroit's financially struggling schools, which saw teacher sick-outs this week (all times local):

European court OKs crackdown on e-cigarettes, packaging

The Associated Press  |  Posted  May 4th - 5:40am

The European Union's top court dealt a blow to the tobacco industry Wednesday by approving sweeping new rules that will require plain cigarette packs, ban menthol cigarettes and regulate the growing electronic cigarette market.

Low oil prices, freight rates hit Maersk group's profits

The Associated Press  |  Posted  May 4th - 5:20am

Low oil prices and freight rates weighed on profits at Danish shipping and energy group A.P. Moller-Maersk, though not as sharply as analysts had feared.

ROLI Raises $27 Million Series B Led by Foundry Group to Globally Expand Its Connected Music Ecosystem

Roli, Associated Press  |  Posted  May 4th - 5:10am

including the celebrated Seaboard RISE — to music-makers around the world.

Germany to allow medical cannabis consumption in some cases

The Associated Press  |  Posted  May 4th - 5:00am

Germany's Cabinet has approved a bill that will allow patients to get cannabis as a prescription-only medication.

Royal Dutch Shell first quarter earnings down 58 percent

Danica Kirka, Associated Press  |  Posted  May 4th - 4:50am

Oil company Royal Dutch Shell said first-quarter earnings plunged 58 percent as depressed crude prices create "hugely challenging times" for the energy industry.

Eurozone growth in 'low gear' at start of second quarter

Pan Pylas, Associated Press  |  Posted  May 4th - 4:40am

As winter turned to spring, the eurozone economy appears to have lost some — but by no means all — of the momentum that saw it grow faster than the U.S. in the first quarter of the year.

Markets Right Now: UK's FTSE leads Europe down as miners hit

The Associated Press  |  Posted  May 4th - 4:40am

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

The Latest: Arizona House passes $9.6 billion budget

The Associated Press  |  Posted  May 4th - 4:10am

The Latest on Arizona's budget (all times local):

Elevator company contesting federal citation in worker death

The Associated Press  |  Posted  May 4th - 4:10am

Federal regulators have cited an elevator company after a worker died last year when he became pinned by an elevator at a central New York nursing home.

Brazil turmoil costs AB Inbev in quarterly results

The Associated Press  |  Posted  May 4th - 4:10am

The world's biggest brewer, AB Inbev, says economic and political turmoil in Brazil hit its quarterly earnings, with sales volumes declining by 10 percent in the huge Latin American nation.

Shares in miner tumble after Brazil sues over dam disaster

The Associated Press  |  Posted  May 4th - 4:10am

Shares in miner BHP Billiton Ltd tumbled after Brazil's Federal Public Prosecution said it had launched a $43 billion civil suit for a dam break that killed 19 people and caused the worst environmental disaster in the country's history.

Arizona Legislature passes $9.6 billion budget

Bob Christie and Ryan Van Velzer, Associated Press  |  Posted  May 4th - 4:00am

The Arizona Legislature has passed a $9.6 billion budget after debating a package that left out a health insurance program for children of the working poor that supportive Republicans failed to include in the proposal.

Spain: Strike keeps El Mundo newspaper off streets

The Associated Press  |  Posted  May 4th - 3:10am

Spain's second-largest newspaper, El Mundo, has not appeared in news kiosks owing to a strike over planned layoffs. It is the first time the newspaper's publication has been hit by a stoppage since its foundation in 1989.

Apple loses Chinese lawsuit over iPhone name

The Associated Press  |  Posted  May 4th - 3:01am

Apple Inc. has lost a legal fight with a Chinese company that a Beijing court says is allowed to use the iPhone name on wallets and handbags.

College student launches new line of dolls for boys of color

Collin Binkley, Associated Press  |  Posted  May 4th - 2:01am

When Jennifer Pierre visits the toy store, she sees shelves of dolls that are mostly girls and mostly white. She wants to change that.

Ky. bourbon trail offers a lesson for reviving racing's fans

Bruce Schreiner, Associated Press  |  Posted  May 4th - 12:51am

Camera-toting visitors to the grounds at Three Chimneys Farm can get a glimpse of the pampered lives of thoroughbred stallions — the star attractions that frolic in lush paddocks or relax in stately stalls when they aren't in the breeding shed.

Officials to decide on nuclear reactor site in eastern Idaho

The Associated Press  |  Posted  May 4th - 12:50am

Officials say a Utah energy cooperative is narrowing down its selections for a site to build a nuclear reactor in eastern Idaho.

Siemens' underlying profit jumps as order book swells

David McHugh, Associated Press  |  Posted  May 4th - 12:40am

Siemens AG, maker of heavy industrial equipment including power stations and trains, saw net profit fall in the most recent quarter due to large one-time gains in the year earlier period.