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Monsanto rejects $62B Bayer bid, but still open to talks

The Associated Press  |  Posted  May 24th - 12:02pm

Monsanto rejected Bayer's $62 billion takeover bid, calling it "incomplete and financially inadequate."

Massachusetts Senate to debate $39.5B state budget plan

Bob Salsberg, Associated Press  |  Posted  May 24th - 11:51am

The Massachusetts Senate began consideration Tuesday of a $39.5 billion budget that would hold the overall increase in state spending to about 3 percent while providing additional funding for schools and public colleges and universities.

The Latest: Shell: Pipeline fixed after California oil spill

The Associated Press  |  Posted  May 24th - 11:51am

The Latest on an oil spill in rural Northern California (all times local):

Best Buy offers weak profit view, says CFO stepping down

Anne D'Innocenzio and Michelle Chapman, Associated Press  |  Posted  May 24th - 11:41am

Best Buy Co. on Tuesday offered a disappointing profit outlook for the current quarter, weighed in part by a recent earthquake in Japan that hurt the availability of some highly profitable products.

Cuba to legalize small and medium-sized private businesses

Michael Weissenstein, Associated Press  |  Posted  May 24th - 11:40am

Cuba announced Tuesday that it will legalize small- and medium-sized private businesses in a move that could significantly expand private enterprise in one of the world's last communist countries.

Microsoft opens wallet to extend Internet in remote areas

Brandon Bailey, Associated Press  |  Posted  May 24th - 11:31am

Microsoft has joined other tech giants working to deliver the Internet in remote parts of the world, although it's taking a smaller-scale approach than some of its rivals.

Goodbye, empty nest: Millennials staying longer with parents

Christopher S. Rugaber, Associated Press  |  Posted  May 24th - 11:31am

Many of America's young adults appear to be in no hurry to move out of their old bedrooms.

French police force open fuel depot amid protests, shortages

Margaid Quiocand and Angela Charlton, Associated Press  |  Posted  May 24th - 11:20am

French police used water cannons on Tuesday to disperse projectile-throwing protesters blocking a key fuel depot on the Mediterranean, as gasoline shortages spread around the country amid increasingly tense labor actions.

Belt-tightening in Brazil aimed at fighting economic crisis

The Associated Press  |  Posted  May 24th - 11:11am

Brazil's interim President Michel Temer is announcing belt-tightening measures aimed at pulling Latin America's largest economy from its worst crisis in decades.

Republicans aim to block stricter rule on retirement savings

Andrew Taylor, Associated Press  |  Posted  May 24th - 11:02am

Republicans controlling the Senate are moving to block new Obama administration rules that require financial professionals to put their client's best interest first when giving advice on retirement investments like 401(k)s.

Romania: Hewlett Packard vows to probe suspected wrongdoing

Alison Mutler, Associated Press  |  Posted  May 24th - 11:00am

Tech giant Hewlett Packard said Tuesday it would investigate allegations of wrongdoing in a health services contract in Romania which prosecutors say cost the East European country 16.8 million euros ($18.8 million).

World Trade Center observatory marks anniversary

The Associated Press  |  Posted  May 24th - 10:50am

It's been about a year since the observatory at One World Trade Center opened to the public.

Republican leaders, governor reach budget deal

The Associated Press  |  Posted  May 24th - 10:41am

Republican legislative leaders say they've reached a budget deal with the governor's office that protects core state services and includes no further cuts to public schools.

GOP governors ask FCC to address illegal prison cellphones

Meg Kinnard, Associated Press  |  Posted  May 24th - 10:41am

Ten Republican governors want the Federal Communications Commission to give states more autonomy to apply technology that can stop prison inmates from using smuggled cellphones.

Judge: Substantial progress in Volkswagen emissions talks

Sudhin Thanawala, Associated Press  |  Posted  May 24th - 10:32am

Volkswagen and attorneys for vehicle owners affected by the company's emissions cheating scandal are on target to meet a June deadline for a final settlement proposal, a federal judge said Tuesday.

Trump says he's asking donations _ but only after GOP asked

Jill Colvin and Julie Bykowicz, Associated Press  |  Posted  May 24th - 10:32am

Donald Trump holds his first presidential fundraisers this week. The events directly benefit his campaign, but he doesn't see it that way.

Sumner Redstone names new confidantes to media empire

The Associated Press  |  Posted  May 24th - 10:21am

Media mogul Sumner Redstone has appointed new confidantes to entities that control Viacom Inc. and CBS Corp., replacing Viacom CEO Philippe Dauman and lawyer George Abrams, whom he stripped of the roles last week.

Despite money woes, Atlantic City's attractions still open

Wayne Parry, Associated Press  |  Posted  May 24th - 10:12am

Atlantic City has been in the news for all the wrong reasons lately, with words like "bankruptcy" ''crisis" and "broke" figuring prominently.

EU gives go-ahead for huge beer merger

The Associated Press  |  Posted  May 24th - 10:11am

The European Union's regulator has given the go-ahead to the proposed merger of Anheuser-Busch InBev and SABMiller, clearing another hurdle for the combination of the world's two biggest beer makers.