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Gov. Rick Snyder and lawmakers will be forced to consider another alternative to address Michigan's deteriorating roads after voters' resounding rejection of a ballot measure that would have increased taxes to pump $1.2 billion a year more into transportation infrastructure.
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Greece makes IMF payment amid signs of bailout progress

Elena Becatoros, Associated Press  |  posted 55 minutes ago
Cash-strapped Greece managed to make a 200 million-euro ($222 million) repayment to the International Monetary Fund on Wednesday, as its long-stalled bailout negotiations appeared to make some progress.
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EU moves to help tech companies compete with US giants

Lorne Cook and Raf Casert, Associated Press  |  posted May 6th - 8:31am
The European Union has unveiled a long-term strategy to help its technology companies compete with U.S. giants like Google and Amazon by unifying the continent's digital sector and taking a hard line on abuses by dominant firms.
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BMW profits rise on SUVs, strong sales in UK, US

The Associated Press  |  posted May 6th - 8:30am
German luxury carmaker BMW increased its profits in the first quarter thanks to strong demand for its expensive SUVs and higher sales in the U.S. and Britain as well as in a recovering European market.
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Survey: Hiring by US businesses slows sharply in April

Christopher S. Rugaber, Associated Press  |  posted May 6th - 7:50am
U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the face of lower oil prices.
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Film Production Begins on Munich Memorial Documentary

The Foundation for Global Sports Development, Associated Press  |  posted May 6th - 7:30am
conceived to recognize the courage of the fallen athletes and their families and convey the possibility of reconciliation for all involved.
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Ex-coal CEO asks judge to let him go home to Las Vegas

The Associated Press  |  posted 16 minutes ago
Ex-Massey Energy CEO Don Blankenship is asking for a federal judge's permission to head home to Las Vegas for Memorial Day.
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Greece makes IMF payment, another looms

The Associated Press  |  posted 25 minutes ago
Greece is making a 200 million euro ($222 million) repayment to the International Monetary Fund, though another, larger one looms next week that it will struggle to manage.
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Judges have questions on Christie's pension contributions

The Associated Press  |  posted 35 minutes ago
A New Jersey state Supreme Court justice wants to know if Gov. Chris Christie's stance on pension payments amounts to a "bait and switch."
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Here is the latest Nevada news from The Associated Press

The Associated Press  |  posted 46 minutes ago
Manny Pacquiao and his handlers have been hit with a lawsuit asking for damages for anyone who paid to watch his fight with Floyd Mayweather Jr. because he failed to disclose his shoulder was injured. Two plaintiffs say they were defrauded after paying to watch the fight. The suit seeks class action status on behalf of anyone who bought tickets, pay-per-view or bet on the fight.
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GlaxoSmithKline opts to hold on to HIV business

Danica Kirka, Associated Press  |  posted May 6th - 8:30am
British-based drugmaker GlaxoSmithKline opted Wednesday to keep its stake in its stand-alone HIV business as it set out its strategy following a big deal with Switzerland's Novartis.
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Yellen says bank regulators making progress in reforms

Martin Crutsinger, Associated Press  |  posted May 6th - 8:12am
Federal Reserve Chair Janet Yellen said Wednesday that the Fed and other banking regulators have made significant progress in correcting flaws in the financial system that triggered the worst banking crisis in seven decades.
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Early gains for US stocks after some solid company earnings

The Associated Press  |  posted May 6th - 7:50am
Stronger earnings from several U.S. companies are sending stock prices higher in early trading.
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US productivity drops at 1.9 percent rate in first quarter

Josh Boak, Associated Press  |  posted May 6th - 7:00am
U.S. worker productivity declined in the first three months of the year as labor costs jumped, reflecting a slowdown in growth.
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UK 'flash crash' trader: I was just good at my job

The Associated Press  |  posted May 6th - 6:50am
A British financial trader accused of helping to set off a "flash crash" on Wall Street in 2010 from his London home claimed Wednesday he was just good at his job as he fights extradition to the U.S.
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Iran to release seized Maersk vessel after it pays fine

Amir Vahdat, Associated Press  |  posted May 6th - 6:41am
A Marshal Islands-flagged cargo vessel seized by Iranian forces as it was traversing the Strait of Hormuz last month will likely be released in two days, after it pays a fine, Iran's Foreign Ministry spokeswoman said Wednesday.
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