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Citibank paying $425M in fines to settle US charges on rates

The Associated Press  |  Posted  May 25th - 7:31am

Citibank will pay $425 million in fines to settle federal civil charges of attempting to manipulate key benchmarks used to set interest rates for investments in derivatives and U.S. Treasury bonds as well as a range of consumer loans.

Greece to avoid default this summer, eyes debt relief

Nicholas Paphitis, Associated Press  |  Posted  May 25th - 7:21am

Greece will avoid a default this summer after international creditors reached a milestone decision early Wednesday to unfreeze a batch of bailout loans and to find a way to ease the country's debt load.

Hungary wants transparency in EU choice on Russian sanctions

The Associated Press  |  Posted  May 25th - 7:20am

The European Union's decision on whether to extend economic sanctions against Russia for its actions in Ukraine should be transparent and discussed openly, Hungary's foreign minister said Wednesday.

The Latest: Protests idle some French oil refineries

The Associated Press  |  Posted  May 25th - 7:10am

The Latest on France's strikes and protests against the government's labor reforms (all times local):

Top general urges lawmakers to preserve Afghan visa program

Richard Lardner, Associated Press  |  Posted  May 25th - 7:00am

Afghan civilians who assisted the American-led coalition as interpreters, firefighters and construction workers are in danger of being harmed or killed by the Taliban if Congress cancels a program that allows them to resettle in the United States, according to the top American commander in Afghanistan.

EXCHANGE: Students learn culinary skills in unique program

Sharon Woods Harris, Associated Press  |  Posted  May 25th - 6:40am

Sabrina Falkingham wants to do more with the cooking skills she has than bake brownies or flip pancakes, and she's found just the ticket to move her dream forward: the culinary arts program at Pekin Community High School.

Protests for $15 wage expected at McDonald's headquarters

The Associated Press  |  Posted  May 25th - 6:20am

Protesters demanding a higher minimum wage are expected to march on the McDonald's Corp. headquarters near Chicago ahead of the fast-food giant's annual shareholders' meeting.

Microsoft cuts more jobs in troubled mobile unit

The Associated Press  |  Posted  May 25th - 6:10am

Microsoft will cut up to 1,850 jobs and book an approximately $950 million writedown as it attempts to salvage its rocky entrance into the smartphone market.

SLCC to offer new diploma program in oil, gas field

The Associated Press  |  Posted  May 25th - 6:00am

South Louisiana Community College will offer a new technical diploma program in oil and gas production technology, which is set to begin during the fall semester at the college's New Iberia campus.

EU moves to ease online shopping, protect European films

Lorne Cook, Associated Press  |  Posted  May 25th - 5:41am

The European Union on Wednesday unveiled a raft of proposals to make it easier to buy online across its borders, set quotas for European films with providers like Netflix and protect children from harmful content.

S&P: Britain's EU vote could jeopardize pound's standing

The Associated Press  |  Posted  May 25th - 5:00am

Ratings agency Standard & Poor's says a vote to leave the European Union could jeopardize the pound's standing as an international reserve currency, potentially threatening the country's credit rating.

Euro Disney goes on trial for alleged hiring discrimination

The Associated Press  |  Posted  May 25th - 4:50am

The Euro Disney group is going on trial in France for publishing an allegedly discriminatory job ad requesting that candidates have "European citizenship" to work as parade artists at its famous Disneyland Paris theme park.

Shell to cut at least another 2,200 jobs globally

The Associated Press  |  Posted  May 25th - 4:10am

Anglo-Dutch oil company Royal Dutch Shell says it will trim at least 2,200 jobs globally amid challenging times in the oil industry.

Former Czech prime minister appointed central bank governor

The Associated Press  |  Posted  May 25th - 3:30am

Czech President Milos Zeman has appointed his ally and former Prime Minister Jiri Rusnok to be governor of the central bank.

France tapping fuel stocks as strikes cause gas shortages

The Associated Press  |  Posted  May 25th - 3:20am

France has started using its fuel reserves to deal with gasoline shortages caused by strikes and protests over a bill weakening worker protections.

Mishawaka High uses grant for technology in the classroom

Selena Ponio, Associated Press  |  Posted  May 25th - 3:10am

There is no shortage of noise Monday afternoon at Mishawaka High School where the whirring of drones and the buzzing of 3-D printers are becoming commonplace.

Prosecution, defense offer opposite views of Alabama speaker

Jay Reeves, Associated Press  |  Posted  May 25th - 2:50am

Prosecutors and defense lawyers offered jurors opposing views of Alabama House speaker Mike Hubbard as he went on trial on felony ethics charges.

AGs: Pelvic mesh implants caused dire complications

Gene Johnson, Associated Press  |  Posted  May 25th - 2:41am

Dawna Hankins was scheduled to have a partial hysterectomy in 2008 when her doctor suggested implanting a vaginal mesh device at the same time to deal with minor incontinence.

Planners seek to transform border town into destination

Russell Contreras, Associated Press  |  Posted  May 25th - 2:41am

Trucks race along a winding road in the arid New Mexico desert. As they travel through Santa Teresa, a border-crossing port of entry and unincorporated town, they pass millions of square feet of warehouses that store steel coil, wind turbine blades and specialty glass.

Casino magnate Wynn envisions water paradise in dry Nevada

Sally Ho, Associated Press  |  Posted  May 25th - 2:30am

Imagine a white sand beach with a bar at the dock. Water skiers flash by a small island, where fireworks shoot from twin peaks. Now imagine this water paradise is in the desert of drought-stricken Nevada.