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FDA delays high-stakes decision on muscular dystrophy drug

Matthew Perrone, Associated Press  |  Posted  May 25th - 8:20am

Federal health regulators will take more time to review a highly-contested drug for muscular dystrophy that has become a flashpoint in the debate over patient access to experimental medicine.

EU wants quota of European films on providers like Netflix

Lorne Cook, Associated Press  |  Posted  May 25th - 8:10am

On-demand video providers like Netflix, iTunes and Amazon will be required to have a fifth of their films and TV shows on offer in the European Union be Europe-made, under new proposals issued Wednesday.

Markets Right Now:

The Associated Press  |  Posted  May 25th - 8:01am

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

Chinese e-commerce giant Alibaba's accounting in SEC probe

The Associated Press  |  Posted  May 25th - 8:00am

Chinese e-commerce giant Alibaba says it is under investigation by U.S. regulators in connection with its accounting practices.

Sanofi wants to dump Medivation's board after rejected deal

The Associated Press  |  Posted  May 25th - 7:50am

French drug company Sanofi is trying to toss the entire board at Medivation after the U.S. drugmaker rejected its $9.3 billion takeover bid.

Ford recalls 271K pickups to fix brake fluid leak

The Associated Press  |  Posted  May 25th - 7:40am

Ford is recalling some of its top-selling vehicles in the U.S. to fix a fluid leak that can reduce braking power.

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.

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.