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$12M of SC State's debt to be forgiven, $6M must be repaid

Seanna Adcox, Associated Press  |  Posted  May 27th - 2:30pm

South Carolina State University would be free from $12 million in state loans but would have to repay $6 million over the next 16 years under terms approved Friday by legislators negotiating a state budget compromise.

Google-backed Magic Leap alleges workers stole its secrets

Michael Liedtke, Associated Press  |  Posted  May 27th - 2:30pm

Artificial reality startup Magic Leap is accusing two Silicon Valley employees of stealing the closely guarded secrets behind its technological tricks.

NY Democrat: Trump should return money to 9/11 recovery fund

Alan Fram, Associated Press  |  Posted  May 27th - 2:21pm

Donald Trump is "a small man" for accepting $150,000 from a federal fund for small businesses hurt by the Sept. 11 attacks and should return the money or donate it to charity, a New York Democratic congressman said.

Venezuelan boy's death sparks anger over health care crisis

The Associated Press  |  Posted  May 27th - 2:21pm

Venezuelans are expressing dismay over the death of an 8-year-old boy with non-Hodgkin's lymphoma who had become a symbol of the crisis-wracked nation's collapsed health care system.

Markets Right Now: Stocks close higher on Wall Street

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

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

Verizon, unions reach deal in principle for 4-year contract

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

Striking Verizon employees may be back to work next week after the company and its unions reached an agreement in principle for a four-year contract.

Governor signs financial rescue package for Atlantic City

Michael Catalini, Associated Press  |  Posted  May 27th - 2:11pm

Republican Gov. Chris Christie has signed a package of bills to keep financially troubled Atlantic City from running out of cash.

State grants variance request for Cincinnati abortion clinic

Associated Press  |  Posted  May 27th - 2:11pm

A Cincinnati abortion clinic has received state permission to continue operating despite not having a required transfer agreement with a nearby hospital for emergencies.

Janet Yellen says Fed could raise rates in coming months

Martin Crutsinger and Steve Leblanc, Associated Press  |  Posted  May 27th - 2:11pm

Federal Reserve Chair Janet Yellen said Friday that an interest rate hike would be appropriate in the coming months if the economy keeps improving.

Oklahoma fails to make doctor-performed abortions a felony

The Associated Press  |  Posted  May 27th - 2:00pm

Doctors who perform abortions in Oklahoma won't be guilty of a felony after the state Senate adjourned for the year without trying to override Republican Gov. Mary Fallin's veto of a bill to make it a felony crime.

Education Department replaces career college chain monitor

Jeff Horwitz, Associated Press  |  Posted  May 27th - 2:00pm

The Education Department on Friday appointed a new lawyer to oversee the turnaround of schools once owned by Corinthian Colleges Inc., following an Associated Press review that found trouble at the schools and questioned the previous monitor's independence.

Ohio schools concerned over lead risk could get state help

The Associated Press  |  Posted  May 27th - 1:51pm

A new grant program that would provide $12 million to replace lead-contaminated plumbing fixtures that can put schools' water supplies at risk is part of recent state legislation.

Grain mostly higher, livestock mostly higher

The Associated Press  |  Posted  May 27th - 1:41pm

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

Senate sends 2nd school-funding revamp to House

The Associated Press  |  Posted  May 27th - 1:41pm

The Illinois Senate has approved a second method for revamping school funding just days before the Legislature's scheduled adjournment.

Grain mostly higher, livestock mostly higher

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

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

House, Senate to meet to draft final state budget proposal

Bob Salsberg, Associated Press  |  Posted  May 27th - 1:20pm

House and Senate negotiators will likely begin meeting next week to draft a final state budget proposal after the Senate gave final approval to a $39.5 billion spending plan for the fiscal year starting July 1.

World's largest hedge fund gets aid package from Connecticut

Susan Haigh, Associated Press  |  Posted  May 27th - 1:00pm

A commission approved a $22 million loan and grant package on Friday to help the world's largest hedge fund upgrade and expand its offices despite questions about whether the deal makes financial sense for a state facing continued budget problems.

Alibaba won and lost a friend in Washington; how it happened

Erika Kinetz and Desmond Butler, Associated Press  |  Posted  May 27th - 12:51pm

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.

Feds propose closing sheep grazing in west-central Idaho

Keith Ridler, Associated Press  |  Posted  May 27th - 12:50pm

Federal officials have released a plan to close about 30 square miles of grazing allotments to domestic sheep and goats in west-central Idaho to protect bighorn sheep from diseases.