Canadian billionaire Peter Munk has sold his majority stake in Porto Montenegro, one of world's largest marinas for super yachts, to Dubai's sovereign wealth fund for a reported 200 million euros ($228 million).
Christopher S. Rugaber, Associated Press | Posted May 6th - 7:51am
U.S. employers pulled back on hiring in April, adding 160,000 jobs, the fewest in seven months, after a streak of robust monthly gains. The unemployment rate remained at a low 5 percent, roughly where it has been since fall.
The lower house of the Czech Parliament has approved a government plan to give police increased powers to seize guns and ammunition, a move prompted by a rare deadly shooting in a small-town restaurant last year.
In a story May 4 about congressional GOP reaction to Donald Trump becoming the party's presumptive nominee for president, The Associated Press reported erroneously that Rep. Steve King, R-Iowa, chairs the Republican Party committee overseeing arrangements at this summer's GOP national convention. That committee is being chaired by a different Steve King, who is Wisconsin committeeman on the Republican National Committee.
Herbalife's stock is surging more than 12 percent in premarket trading Friday after the seller of supplements and weight-loss products disclosed that it's in advanced talks to potentially settle a federal investigation into claims that it's a pyramid scheme.
Elena Becatoros, Associated Press | Posted May 6th - 6:30am
Services in Greece, from garbage collection to public transport, shut down Friday as workers kicked off three days of strikes to protest new bailout austerity measures that they say will further reduce incomes.