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State pact with Hershey Trust would limit member pay, terms

Mark Scolforo, Associated Press  |  Posted  Jul 29th - 2:41pm

State regulators and a $12 billion trust established by the founder of chocolate maker Hershey to educate poor children have announced a deal to revamp the trust's board and change its operating rules following reporters about its lavish spending.

Rauner vetoes plan aimed at preventing elderly care cutbacks

The Associated Press  |  Posted  Jul 29th - 2:31pm

Gov. Bruce Rauner has vetoed legislation that would have prevented the state from limiting which elderly and disabled Illinoisans qualify for state-subsidized help.

Italian bank Monte Paschi worst performer in stress tests

Colleen Barry, Associated Press  |  Posted  Jul 29th - 2:31pm

Italy's troubled lender Monte dei Paschi di Siena was by far the worst performer in a stress test of EU banks, but sought to get ahead of the poor result with the announcement Friday evening of a 5 billion euro capital increase.

No criminal violations found during 38 Studios investigation

The Associated Press  |  Posted  Jul 29th - 2:30pm

An investigation into former Red Sox pitcher Curt Schilling's failed video game company, 38 Studios, has resulted in no criminal violations, authorities announced Friday.

AP Sources: Tesla looking at cameras, radar in Florida crash

Tom Krisher, Associated Press  |  Posted  Jul 29th - 2:21pm

Tesla engineers told members of a Senate committee they are looking into the role cameras and radar played in the fatal crash of a Model S using self-driving mode, according to two people familiar with a meeting held Thursday.

Markets Right Now: Stocks end mostly higher

The Associated Press  |  Posted  Jul 29th - 2:21pm

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

US economy expected to pick up after weak growth in spring

Martin Crutsinger, Associated Press  |  Posted  Jul 29th - 2:20pm

A surprisingly lackluster economy last quarter served as a reminder of how choppy the pace of growth has been since the Great Recession ended seven years ago. Businesses pared their stockpiling and investment through the spring. But consumers — the heart of the U.S. economy — kept spending.

Cheaper oil sends Exxon, Chevron to worst quarter in years

David Koenig, Associated Press  |  Posted  Jul 29th - 2:20pm

Cheaper oil is leading to the lowest summer gasoline prices in years, and it is causing heartburn for oil companies and their shareholders.

Investigation into ex-Red Sox pitcher Curt Schilling's failed company, 38 Studios, results in no criminal charges

The Associated Press  |  Posted  Jul 29th - 2:10pm

Investigation into ex-Red Sox pitcher Curt Schilling's failed company, 38 Studios, results in no criminal charges.

Vegas water district purchasing agent indicted in fraud case

The Associated Press  |  Posted  Jul 29th - 2:01pm

A former Las Vegas Valley Water District purchasing agent has pleaded not guilty to federal fraud charges alleging that she bought and shipped more than $6.7 million worth of printer supplies to a New Jersey company.

Grain mostly higher, livestock mostly lower

The Associated Press  |  Posted  Jul 29th - 1:51pm

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

Grain mostly higher, livestock mostly lower

The Associated Press  |  Posted  Jul 29th - 1:51pm

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

Clinton to nation: It's a 'moment of reckoning'

Lisa Lerer, Associated Press  |  Posted  Jul 29th - 1:31pm

Hillary Clinton capped a four-day convention celebration with a plea for national unity and tolerance. Now, one of the most divisive and distrusted figures in American politics must convince voters that she, rather than Republican rival Donald Trump, can bring a deeply divided nation together.

Ballot question campaigns bring in $1 million since June

Marina Villeneuve, Associated Press  |  Posted  Jul 29th - 1:31pm

About $1 million has been raised since June alone by supporters among the five Maine initiatives on the ballot this fall.

The Latest: Lawyers argue over school funding, vouchers

The Associated Press  |  Posted  Jul 29th - 1:11pm

The Latest on Nevada Supreme Court arguments about whether a broad program to allow public money to fund parents' choice to send children to private schools is constitutional (all times local):

NextEra agrees to buy Texas electric giant Oncor for $18.4B

Will Weissert, Associated Press  |  Posted  Jul 29th - 1:11pm

A Florida-based energy company announced an $18.4 billion deal on Friday that would give it an 80 percent stake in Texas' largest electric utility under an agreement that could eventually help resolve one of the largest bankruptcies in U.S. history.

Romania: senior banker under house arrest in graft probe

The Associated Press  |  Posted  Jul 29th - 1:11pm

The deputy governor of Romania's central bank has been put under house arrest on suspicion that he engaged in influence-peddling, illicitly receiving 1 million euros ($1.1 million) when he was parliament speaker, anti-corruption prosecutors said Friday.

DC Metro train derails, 1 passenger hurt

The Associated Press  |  Posted  Jul 29th - 1:01pm

Metro says a train derailed in northern Virginia, injuring one of about 75 passengers on board.

Crews find wreckage of small medical plane; 2 confirmed dead

The Associated Press  |  Posted  Jul 29th - 12:51pm

Authorities found the wreckage of a small medical transport plane with four people aboard and confirmed at least two deaths Friday after the pilot reported smoke filling the cockpit and a search started across a densely forested mountain range in Northern California.

The Latest: Crews find wreckage of medical plane; 2 dead

The Associated Press  |  Posted  Jul 29th - 12:31pm

The Latest on a small medical transport plane that crashed in Northern California (all times local):