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Indie bookstores hold steady in tough retail market

Hillel Italie, Associated Press  |  Posted   May 30th - 8:24am

With retail stores shutting down at the fastest pace since the crash of 2008, the head of the American Booksellers Association is grateful to see business holding steady.

UPDATED

US home prices rising 2 times faster than wages

Josh Boak, Associated Press  |  Posted   May 30th - 8:24am

U.S. home prices climbed in March at the strongest rate in nearly three year as a dwindling supply of houses for sale is causing prices to significantly outpace income growth.

Proxy fight over GM stock heats up ahead of annual meeting

The Associated Press  |  Posted   May 30th - 8:24am

Shares of General Motors are rising as a proxy fight escalates between the company and an activist shareholder who wants to split its shares into two classes.

Sudan ratifies ban on Egyptian imports, fueling tension

The Associated Press  |  Posted   May 30th - 8:24am

Sudan says its Cabinet has ratified a ban on the import of Egyptian animal and agricultural products, a development that's certain to deepen months of tension between the two neighbors over a long-running border dispute.

Consumer confidence slips in May but still at high levels

Matt Ott, Associated Press  |  Posted   May 30th - 8:24am

U.S. consumers were slightly less confident in May for the second straight month, but they remain bullish overall.

9 campaigning to unseat Standing Rock Sioux chairman

The Associated Press  |  Posted   May 30th - 8:14am

Nine people are campaigning to unseat Standing Rock Sioux Chairman Dave Archambault.

Swiss police: 5 arrests in probe of alleged money laundering

The Associated Press  |  Posted   May 30th - 8:10am

Swiss authorities have arrested five people, frozen several bank accounts and seized real estate in a sweep against alleged illegal drug trafficking and money laundering in the millions of dollars.

Amazon's stock tops $1,000 for the first time

Joseph Pisani, Associated Press  |  Posted   May 30th - 8:03am

Amazon, the e-commerce giant that has changed how much of the world shops for books, toilet paper and TVs, hit a new milestone. Its stock topped $1,000 for the first time.

Court: Russian hacker can be extradited to US or Russia

The Associated Press  |  Posted   May 30th - 8:03am

A Czech court has ruled that a Russian man who faces charges of hacking computers at American companies can be extradited either to the United States or Russia.

Grain lower, livestock mostly lower

The Associated Press  |  Posted   May 30th - 7:55am

Grain futures were lower Tuesday in early trading on the Chicago Board of Trade.

Owner says Three Mile Island plant to shut down in 2019

Marc Levy, Associated Press  |  Posted   May 30th - 7:47am

The owner of Three Mile Island, site of the United States' worst commercial nuclear power accident, said Monday that it will shut down the plant in 2019 without a financial rescue from Pennsylvania.

U.S. home prices climbed 5.9 percent in March, strongest pace in nearly three years

The Associated Press  |  Posted   May 30th - 7:04am

U.S. home prices climbed 5.9 percent in March, strongest pace in nearly three years.

US consumer spending, incomes grew solidly in April

Martin Crutsinger, Associated Press  |  Posted   May 30th - 6:54am

Americans increased their spending in April at the fastest pace in four months, bolstered by a solid gain in incomes. The strong results underscored expectations that the economy is poised to rebound after a lackluster start to the year.

Shares in British Airways' parent company tumble

Danica Kirka, Associated Press  |  Posted   May 30th - 6:32am

Shares in British Airways' parent company tumbled Tuesday after a catastrophic IT failure stranded thousands of passengers during a long holiday weekend.

US consumer spending grew solid 0.4 percent in April, fastest pace in 4 months; incomes also up

The Associated Press  |  Posted   May 30th - 6:32am

US consumer spending grew solid 0.4 percent in April, fastest pace in 4 months; incomes also up.

Zimbabwe tobacco is booming, but farmers growing it are not

Farai Mutsaka, Associated Press  |  Posted   May 30th - 6:03am

Farmer Simon Kahari recently sold tobacco worth more than $6,000 at an auction in Zimbabwe, a small fortune reflecting the golden leaf's resurgence in this southern African country. Yet because of Zimbabwe's dire economic problems he ended up sleeping in an auction house toilet that night, hungry and wondering if and when he would be able to access his earnings.

Global shares weaker as investors await economic data

Youkyung Lee, Associated Press  |  Posted   May 30th - 4:22am

Global stock markets were generally weaker Tuesday as investors stayed on the sidelines before the release of a raft of economic data later this week.

Iran police disperse angry protesters outside central bank

The Associated Press  |  Posted   May 30th - 3:50am

Iranian newspapers say police dispersed dozens of protesters who had gathered outside the country's central bank in Tehran, demanding their money back from a credit company.

Hearings open in Navalny vs. Usmanov defamation case

Nataliya Vasilyeva, Associated Press  |  Posted   May 30th - 3:42am

A judge in the defamation case between Russian opposition leader Alexei Navalny and multi-billionaire Alisher Usmanov on Tuesday struck down motions to summon Russia's prime minister to testify on his alleged wealth — the key issue in the case.

Taxi strike across Spain to protest Uber, Cabify services

The Associated Press  |  Posted   May 30th - 3:00am

Taxi drivers across Spain's are striking to protest the increase in cars run by private companies offering cheaper, mobile ride-hailing services.