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US economy grew at 0.8 percent rate in first quarter

Martin Crutsinger, Associated Press  |  Posted  May 27th - 6:40am

The U.S. economy slowed in the January-March quarter to the weakest pace in a year. But the slowdown was not as pronounced as first thought because of less drag from business investment and trade and more of a boost from housing.

Nigeria: Local leaders back militants hitting oil production

The Associated Press  |  Posted  May 27th - 6:20am

Community leaders and activists in Nigeria's oil-producing Niger Delta voiced support for a new group of violent militants, saying their demands for a greater share of oil wealth match the aspirations of local people.

EU launches effort against 'grey economy' of undeclared work

The Associated Press  |  Posted  May 27th - 6:00am

The European Union is launching an effort to contain the so-called "grey economy" of undeclared and untaxed work.

Chinese kids who climb cliffside ladder home will get stairs

The Associated Press  |  Posted  May 27th - 5:50am

Just to get home from school, they climb 800 meters (more than 2,500 feet) toward the sky — on a ladder made of bamboo and secured to a sheer cliff face.

STI cuts leave businesses with unanswered questions

The Associated Press  |  Posted  May 27th - 5:30am

Southeast Technical Institute is dissolving a program focused on workforce development — a move not welcomed by some local business owners.

State Senate passes nearly $40B budget

The Associated Press  |  Posted  May 27th - 5:20am

The Massachusetts Senate has passed a $39.5 billion budget that invests heavily in education and local aid, and funnels millions into the state's opioid abuse crisis.

Company recalls spill-proof cups due to risk of mold

The Associated Press  |  Posted  May 27th - 5:20am

More than 3 million spill-proof cups for children between 4 and 12 months old are being recalled by Mayborn USA because of the risk of mold that could cause sickness.

Philip Morris International Launches New Initiative to Fight Smuggling and Related Crimes; Pledges USD 100 Million to Fund Proje

Philip Morris International, Associated Press  |  Posted  May 27th - 5:10am

“ PMI IMPACT ” — to help confront smuggling and related crimes.

How Alibaba won _ and lost _ a friend in Washington

Erika Kinetz and Desmond Butler, Associated Press  |  Posted  May 27th - 4:21am

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.

Abe claims success as G-7 leaders back action on economies

Mari Yamaguchi and Elaine Kurtenbach, Associated Press  |  Posted  May 27th - 4:10am

Japanese Prime Minister Shinzo Abe claimed success Friday in winning support for his approach to fighting off a possible economic crisis from fellow leaders of the Group of Seven wealthy nations, despite mounting evidence the formula is failing to yield promised results in Japan.

World's largest hedge fund in line for government aid

The Associated Press  |  Posted  May 27th - 4:00am

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

North Carolina furniture market could show boycott impact

Emery P. Dalesio, Associated Press  |  Posted  May 27th - 2:51am

Organizers of North Carolina's world-renowned furniture market are releasing attendance figures Friday that could be an important barometer of business reaction to the state's new law limiting protections for LGBT people.

China's Zoomlion drops bid for US crane maker Terex

The Associated Press  |  Posted  May 27th - 2:20am

Chinese heavy equipment maker Zoomlion said Friday it's abandoning its takeover bid for U.S. crane maker Terex because it failed to reach a deal after months of talks.

Dump Trump? Some millennials aren't so sure

Gillian Flaccus, Associated Press  |  Posted  May 27th - 1:42am

Brendan De Regla drove three hours and waited in line for half a day to see Donald Trump speak at a rally in Southern California.

Poultry returning to state fairs, Farm Show, after ban

The Associated Press  |  Posted  May 27th - 1:40am

A year-long poultry ban at state fairs in Pennsylvania is about to be ended.

US investigating Chinese steelmakers in trade secrets case

Joe McDonald, Associated Press  |  Posted  May 27th - 1:30am

U.S. regulators are investigating whether Chinese steelmakers used stolen American trade secrets in a case that adds to tensions over accusations Beijing is flooding global markets with low-cost steel.

Fed chair Janet Yellen to discuss interest rates at Harvard

The Associated Press  |  Posted  May 26th - 10:40pm

Federal Reserve chair Janet Yellen is expected at Harvard to participate in a "conversation" about interest rates.

After focus on social issues, Pence facing tough re-election

Brian Slodysko, Associated Press  |  Posted  May 26th - 8:11pm

Indiana Gov. Mike Pence smiled for the TV cameras this month as a technology company announced plans to hire hundreds of new workers and add its name to the tallest tower in the Indianapolis skyline. Then the celebratory news conference took an awkward turn.

Nevada gambling revenue down 2 percent in April

Michelle Rindels, Associated Press  |  Posted  May 26th - 7:00pm

Nevada gambling revenue was down more than 2 percent in April compared with last year, in part due to a quirk in how the state counts slot revenue.