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Stocks sank Friday following news that the U.S. economy shrank in the first three months of the year.
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2 court fights after failed Atlantic City loan program

Josh Cornfield, Associated Press  |  posted 13 minutes ago
The future of a company that was given $3 million by Atlantic City's former mayor to run a loan program that has yet to make a loan is now being sorted out in two courts.
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Indictment gives few hints about former speaker's actions

Michael Tarm, Associated Press  |  posted May 29th - 1:24pm
A newly unveiled indictment against former U.S. House Speaker Dennis Hastert accuses the Republican of agreeing to pay $3.5 million in hush money to keep a person from the town where he was a longtime schoolteacher silent about "prior misconduct."
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Texas votes to end high school steroids tests after 8 years

Jim Vertuno, Associated Press  |  posted 9 minutes ago
Texas lawmakers voted Friday to dismantle the state's high school steroids testing program after eight years and more than $10 million spent collecting thousands of samples that turned up only a handful of cheaters.
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Chinese weaponry spotted on artificial island, US says

Lolita C. Baldor and Matthew Pennington, Associated Press  |  posted 12 minutes ago
U.S. surveillance detected two large artillery vehicles on one of the artificial islands that China is creating in the South China Sea, U.S. officials said Friday, heightening concerns that Beijing could use the land reclamation projects for military purposes.
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General Motors, Subaru models added to Takata air bag recall

Tom Krisher, Associated Press  |  posted 14 minutes ago
General Motors and Subaru are adding vehicles to the growing list of models being recalled by 11 automakers due to potentially exploding air bags.
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More cancer success with drugs that enlist immune system

Lindsey Tanner, Associated Press  |  posted 24 minutes ago
For the first time, a major study shows that a drug targeting the body's disease-fighting immune system may improve survival for the most common form of lung cancer.
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Allegiant faces $260,000 fine by FAA over drug, alcohol test

The Associated Press  |  posted 35 minutes ago
Las Vegas-based Allegiant Air, LLC faces a fine of more than $260,000 for an alleged offense related to drug and alcohol testing.
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Nevada casinos win more in April, $897.9 million total

Kimberly Pierceall, Associated Press  |  posted 35 minutes ago
Those flashy, blinky, button-filled boxes that fill casino floors are largely why Nevada can happily count its winnings from April.
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Las Vegas convention attendance boosts April traffic

The Associated Press  |  posted 35 minutes ago
Tourism officials say 3.54 million people visited Las Vegas in April, an increase of 2.4 percent compared to the year before due in large part to convention attendance.
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US oil and natural gas rig count drops by 10 to 875

The Associated Press  |  posted 45 minutes ago
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 10 this week to 875.
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AmEx president dies suddenly after falling ill on flight

The Associated Press  |  posted 45 minutes ago
American Express said president Ed Gilligan died suddenly Friday after falling ill while flying on a corporate plane to New York.
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Grain mostly lower, livestock lower

The Associated Press  |  posted May 29th - 1:41pm
Grain futures were mostly lower Friday on the Chicago Board of Trade.
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Latest US proposal for ethanol could have political fallout

Mary Clare Jalonick, Associated Press  |  posted May 29th - 1:41pm
The Obama administration's latest plan on ethanol, the corn-based renewable fuel, probably will not have a major effect on pump prices, but could have political reverberations in Iowa and other farm states in the 2016 presidential campaign.
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Ratings firm leaves grades unchanged for Wynn, Sands and MGM

The Associated Press  |  posted May 29th - 1:31pm
Fitch Ratings analysts say they aren't changing ratings for Wynn Resorts Ltd., Las Vegas Sands Corp. and MGM Resorts International despite a worse than expected situation in the lucrative Asian-gambling enclave of Macau that has dragged down finances.
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University of Wisconsin budget to be cut $250 million

Scott Bauer, Associated Press  |  posted May 29th - 1:31pm
Gov. Scott Walker's proposed $300 million cut to the University of Wisconsin System would be reduced by $50 million under changes endorsed Friday by Republicans who control the Legislature's budget-writing committee.
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