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Economy grew at 0.8 percent rate in first quarter

The Associated Press  |  Posted  May 27th - 11:21am

Economists are encouraged by the government's report today that the economy grew at an annual rate of eight-tenths of one percent in the first quarter.

Defying critics, Libya's eastern bank prints its own money

Rami Musa, Associated Press  |  Posted  May 27th - 11:11am

Libya's cash-strapped eastern central bank announced it had printed its own bank notes Friday, overcoming initial opposition from the U.N.-backed western government but sparking concern at the divided country's ability to develop coherent monetary and economic policies.

Lager law: Attorneys' guild formed for craft brewers, others

Jeff Karoub, Associated Press  |  Posted  May 27th - 11:10am

A legal trade group has been formed for the makers of craft beer and other alcoholic beverages, recognizing the rapid rise of the industry and a desire to deal with a thick brew of regulations across the U.S.

Uber appeals Pennsylvania utility regulator's $11M fine

The Associated Press  |  Posted  May 27th - 10:51am

Uber is asking Pennsylvania utility regulators to reconsider the $11.4 million fine they issued against the ride-hailing company.

Justin Bieber, Skrillex sued for copyright infringement

The Associated Press  |  Posted  May 27th - 10:51am

Justin Bieber and Skrillex have been sued for copyright infringement by singer-songwriter Casey Dienel for the multi-platinum song "Sorry."

Judge OKs copyright settlement over Vivian Maier photos

The Associated Press  |  Posted  May 27th - 10:40am

A judge has approved a settlement in a legal tussle over copyrights to photos from the 1950s onward shot by a Chicago nanny profiled in an Oscar-nominated documentary.

Hercules Offshore strikes deal with lenders

The Associated Press  |  Posted  May 27th - 10:30am

Oilfield services company Hercules Offshore has worked out an agreement with lenders before it seeks Chapter 11 bankruptcy protection, the second time will have done so in less than year.

Holiday air travelers get a break from long security lines

Jeff Martin and Russ Bynum, Associated Press  |  Posted  May 27th - 10:30am

Travelers who were dreading long airport security lines ahead of the Memorial Day weekend instead reported moving quickly through checkpoints Friday after authorities opened extra screening lanes and used bomb-sniffing dogs to give some passengers a break from removing their shoes.

Markets Right Now: Stocks trade higher on Wall Street

The Associated Press  |  Posted  May 27th - 10:11am

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

World's largest hedge fund receives aid from Connecticut

Susan Haigh, Associated Press  |  Posted  May 27th - 9:40am

A Connecticut commission has approved a $22 million loan and grant package to help the world's largest hedge fund upgrade its offices.

West Virginia warns 55 prison educators of possible layoffs

The Associated Press  |  Posted  May 27th - 9:30am

West Virginia officials have warned 55 prison educators of possible layoffs amid the ongoing budget stalemate.

Nigeria: Local leaders back militants hitting oil production

Hilary Uguru, Associated Press  |  Posted  May 27th - 9:21am

Community leaders in Nigeria's oil-producing Niger Delta are voicing support for a new group of violent militants, saying their demands for a greater share of oil wealth match the aspirations of local people to protest decades of abuse and pollution.

US consumer sentiment up in May to highest in nearly a year

Christopher S. Rugaber, Associated Press  |  Posted  May 27th - 9:20am

Americans turned more optimistic about the economy in May than the previous month, buoyed by steady hiring and higher incomes.

Man who robbed teens waiting to buy Air Jordans gets prison

The Associated Press  |  Posted  May 27th - 9:00am

A Connecticut man charged with robbing several teenagers waiting in line to buy Air Jordans has been sentenced to up to eight years in prison.

Crowd thins slightly at NC furniture market after LGBT law

Emery P. Dalesio, Associated Press  |  Posted  May 27th - 9:00am

Attendance dipped slightly for North Carolina's world-renowned furniture market this year in an early test of business reaction to the state's new law limiting protections for LGBT people.

Turkey: tourist numbers decline amid security worries

The Associated Press  |  Posted  May 27th - 8:50am

Turkish officials say the number of foreign visitors has declined by nearly 30 percent in April amid security concerns and strained ties with Russia.

Grain mostly higher, livestock mixed

The Associated Press  |  Posted  May 27th - 8:50am

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

8 automakers recall over 12M vehicles for Takata air bags

Tom Krisher, Associated Press  |  Posted  May 27th - 8:00am

Eight automakers are recalling more than 12 million vehicles in the U.S. to replace potentially dangerous Takata air bag inflators.

How Alibaba won _ and lost _ a friend in Washington

Erika Kinetz and Desmond Butler, Associated Press  |  Posted  May 27th - 7:41am

In 2011, a respected anti-counterfeiting coalition in Washington escalated its fight against the Chinese e-commerce giant Alibaba, saying its websites served as a 24-hour market "for counterfeiters and pirates" and should be blacklisted.