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Stocks bounce back as technology and defense companies climb

Marley Jay, Associated Press  |  Posted   May 22nd - 2:33pm

Strong gains for technology companies like software and chip makers helped lead U.S. stocks higher Monday. Defense contractors also climbed as the market continued to bounce back from a bout of turbulence last week.

Boeing blamed for maintenance errors on Air Force One

Robert Burns, Associated Press  |  Posted   May 22nd - 2:33pm

The Air Force is blaming Boeing mechanics for accidental contamination of the oxygen system aboard one of the modified Boeing 747 planes known as Air Force One used for presidential travel.

UPDATED

Trump budget promises balance in decade, relies on deep cuts

Andrew Taylor, Associated Press  |  Posted   May 22nd - 2:23pm

President Donald Trump is proposing to balance the federal budget within a decade by making sharp cuts to social safety-net programs like food stamps and Medicaid and offering optimistic estimates of economic growth and tax revenues to fulfill the promise of a government back in the black.

New York City steakhouse sues Pennsylvania eatery over name

The Associated Press  |  Posted   May 22nd - 2:20pm

A New York City steakhouse is suing a Pennsylvania eatery for trademark infringement.

Real estate agent accused in killings prompts new law

Seanna Adcox, Associated Press  |  Posted   May 22nd - 2:20pm

People who sell or manage property in South Carolina will have to pass a background check to renew their license under a new law prompted by November's arrest of a real estate agent accused of killing seven people.

Lawyer fee ruling overturned in international custody case

Dave Collins, Associated Press  |  Posted   May 22nd - 2:16pm

A court on Monday overturned an order for a Connecticut financier to pay nearly $90,000 in attorney fees racked up by a British television host during a long-running and bitter international child custody dispute.

Three lawsuits allege foot-dragging by Fox on harassment

David Bauder, Associated Press  |  Posted   May 22nd - 2:14pm

Three new lawsuits filed Monday allege racial discrimination or sexual harassment at Fox News, deepening the network's legal woes.

Grain higher, livestock higher

The Associated Press  |  Posted   May 22nd - 1:57pm

Grain futures were mostly higher Monday on the Chicago Board of Trade.

Puerto Rico seeks court's help to save public pension system

Danica Coto, Associated Press  |  Posted   May 22nd - 1:57pm

Puerto Rico is seeking help from federal court to restructure the debt of the U.S. territory's public pension system, which is projected to run out of money this year.

Insurers seek stability as Trump delays health care decision

Ricardo Alonso-Zaldivar, Associated Press  |  Posted   May 22nd - 1:57pm

Uncertainty over the future of health care for millions grew deeper Monday as insurers released a blueprint for stabilizing wobbly markets and the Trump administration left in limbo billions of dollars in federal payments.

US probes whether Hyundai, Kia recalled engines fast enough

Tom Krisher, Associated Press  |  Posted   May 22nd - 1:57pm

The U.S. government is investigating whether Hyundai and Kia moved quickly enough to recall more than 1.6 million cars and SUVs because the engines can stall, increasing the risk of a crash.

Governor: Don't install road signs yet for national monument

David Sharp, Associated Press  |  Posted   May 22nd - 1:43pm

Motorists on an interstate that cuts through the heart of Maine won't see signs this summer directing them to a national monument created by President Barack Obama because the governor won't let state workers install them.

Stepmother of slain boy: 'pain compliance does not work'

Heather Hollingsworth, Associated Press  |  Posted   May 22nd - 1:43pm

The stepmother of a Kansas boy whose father killed him and fed his remains to the family's pigs talked on a private Facebook group about restraining the child with handcuffs, ace bandages and splints, according to a search warrant released Monday.

New Jersey police allege gun company sold defective guns

The Associated Press  |  Posted   May 22nd - 1:35pm

New Jersey claims in a lawsuit that gun manufacturer Sig Sauer sold about $2 million worth of defective handguns to state police.

Complex world of border trade: Cattle go north, meat south

Christopher Sherman, Associated Press  |  Posted   May 22nd - 1:25pm

Waving arms and brandishing a long electric prod, the ranch hands and truck drivers herd about 400 leggy calves onto trucks as the sun crests on the outskirts of this border city. After spending their first eight months on the ranches of Gildardo Lopez Hinojosa, the calves are about to cross the border — bound for Texas and U.S. feed lots beyond.

Dollar mixed

The Associated Press  |  Posted   May 22nd - 1:25pm

The U.S. dollar is mixed against other North American currencies in New York trading.

Ukrainian hacker sentenced in stolen news releases scheme

The Associated Press  |  Posted   May 22nd - 1:12pm

A Ukrainian hacker involved in an international scheme that used stolen unpublished news releases to make about $30 million in profits was sentenced Monday to more than two years in prison.

Saudi oil minister expects extension of production cut deal

Sinan Salaheddin, Associated Press  |  Posted   May 22nd - 12:35pm

Saudi Arabia's energy minister said Monday that he doesn't expect any objections to a nine-month extension to the existing output cut deal between OPEC and non-OPEC members — an agreement that would extend the deal through March 2018.

NY senators: Withhold Penn Station funds because of delays

David Klepper, Associated Press  |  Posted   May 22nd - 12:35pm

Some New York state lawmakers want to withhold millions of dollars of funding from Penn Station until Amtrak resolves chronic commuter train delays at the busy New York City train facility.

Not just 'Sgt. Pepper': Many 1967 musical firsts echo today

Hillel Italie, Associated Press  |  Posted   May 22nd - 12:35pm

"Sgt. Pepper" was only the beginning. Half a century after the Beatles' psychedelic landmark, it stands as one of many musical astonishments of 1967 that shaped what we listen to now.