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August 19th, 2014
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Archive: (81 Stories)

A rising GOP star fights to survive in Oklahoma

06/20/2014 1:31am
It's not easy to get to the right of U.S. Rep. James Lankford, a staunch conservative from a state that prides itself on being "the reddest of the red." The Baptist minister and onetime leader of one of the nation's largest Christian youth camps came to Congress three years ago and has preached a hard-right doctrine heavy on gun rights, abortions and the evils of Obamacare.

Oil near 9-month high as Iraq battles for refinery

06/20/2014 2:00am
The price of oil was little changed with global crude a near nine-month high Friday, following days of fighting between Iraqi soldiers and Islamic militants for control of the country's biggest refinery.

Treasury Dept. to host college savings workshops

06/20/2014 2:11am
The Tennessee Treasury Department is hosting workshops to help parents save money for their children's college tuition.

Here is the latest Nevada news from The Associated Press

06/20/2014 2:30am
A Las Vegas mother is expected to face felony charges that could get her decades in prison for allegedly throwing her baby, her toddler and herself out a second-story window. A police report made public recently says 34-year-old Luz Ibarra is she's expected to face attempted murder and felony child abuse charges for the critical injuries to the two children, both younger than 2.

Philippine senator charged with plunder surrenders

06/20/2014 2:50am
A popular Filipino senator and action movie star surrendered Friday after an anti-graft court ordered his arrest on large-scale corruption charges in a rare spectacle of the country's political elite being made to answer for alleged crimes.

Fukushima farmers appeal to Tokyo with live bull

06/20/2014 2:50am
Two Japanese farmers whose livelihoods were wrecked by the 2011 nuclear disaster staged a protest Friday at Tokyo's agriculture ministry, scuffling briefly with police as they unsuccessfully tried to unload a bull from a truck.

Lloyds opts to sell bigger stake in TSB unit

06/20/2014 4:00am
State-backed Lloyds Banking Group PLC has increased the number of shares it is selling in its TSB unit amid strong investor demand.

HK in unofficial democracy vote, alarming Beijing

06/20/2014 5:11am
Tens of thousands of Hong Kongers voted Friday in an unofficial referendum on democratic reform that has alarmed Beijing and sets the stage for a possible showdown with the government, with mass protests aimed at shutting down the Chinese capitalist enclave's financial district.

World markets struggle as Fed lift fades

06/20/2014 5:20am
World stock markets struggled Friday as the euphoria faded from the Fed's promises of prolonged low rates to boost growth.

Drug maker Shire rejects offer from AbbVie

06/20/2014 5:30am
The Dublin-based drugmaker Shire said Friday it has rejected an unsolicited 27 billion-pound ($46.2 billion) offer from AbbVie Inc., arguing that it fundamentally undervalues the company and its prospects.

Chinese PM visits investment in major Greek port

06/20/2014 5:40am
Chinese Prime Minister Li Keqiang visited Friday Greece's largest port of Piraeus, where his country has made a big investment, as part of a three-day trip focusing on business deals.

S. Korean ferry operator CEO blamed for sinking

06/20/2014 6:10am
Prosecutors on Friday said the CEO and four employees of the operator of a sunken South Korean ferry caused the accident by overloading the ship with poorly stowed cargo after a risky redesign and neglecting safety by spending less than $2 last year on crew training.

Merck starting tender offer for Idenix

06/20/2014 7:00am
Merck is starting a tender offer on Friday to buy all of the outstanding shares of hepatitis C treatment maker Idenix Pharmaceuticals Inc.

Bulgarian bank hit by run, put under supervision

06/20/2014 7:01am
Bulgaria's fourth-largest lender, Corpbank, has been hit by a run, leading the central bank to put the firm under special supervision for three months in a bid to stabilize it.

Michael Jackson's Neverland remains in limbo

06/20/2014 7:10am
From outside the gates of Neverland Ranch, it appears as if Michael Jackson's former home and fantasyland has been frozen in time.

US stock futures point higher on Wall Street

06/20/2014 7:31am
U.S. stock futures are edging up ahead of the opening bell Friday, and major stock indexes are set to close out the week with solid gains. Oracle's shares slumped after the company's quarterly results fell short of Wall Street's forecasts.

Spain plans tax cuts to get economy going

06/20/2014 8:10am
The Spanish government has approved plans to cut company and income taxes in 2015 and 2016 in a bid to boost spending and investment as the country tries to recover from a double-dip recession.

Olive Garden, Red Lobster sales continue to slide

06/20/2014 8:21am
Darden's fiscal fourth-quarter profit dropped 35 percent, dragged down by charges and costs tied to its strategic plan to reshape the restaurant company.

Open

06/20/2014 8:51am
Early trading on the Chicago Board of Trade Fri.:

IRS: Inspector general probing hard drive crash

06/20/2014 9:00am
The head of the IRS says his agency's inspector general is investigating a hard drive failure in connection with a congressional probe.

Grain lower, livestock mostly lower

06/20/2014 9:00am
Grain futures were lower Friday in early trading on the Chicago Board of Trade.

Germany warns about global risk of asset bubbles

06/20/2014 9:11am
Germany's finance minister on Monday issued a stark warning that global central banks' efforts to inject more liquidity into the financial system are feeding asset bubbles — which could eventually burst and cause the next crisis.

EU cracks down on corporate tax avoidance scheme

06/20/2014 9:21am
The European Union is closing a loophole that allows companies to shift some of their profits between different country divisions to avoid taxation.

Ferry operator CEO blamed for sinking

06/20/2014 9:21am
Prosecutors in South Korea say the CEO and four employees of the operator of a sunken ferry caused the accident by overloading the ship with cargo that was poorly stored. And they say the five neglected safety by spending just two dollars last year on crew training.

Mississippi's Cochran faces rival 34 years younger

06/20/2014 9:32am
Mississippi Sen. Thad Cochran appears a bit frayed as he tries to fend off a challenger born the year he was first elected to Congress.

US blacklists Thailand, Malaysia over trafficking

06/20/2014 9:32am
Failure to meet minimum standards in fighting human trafficking has landed Thailand and Malaysia on a State Department blacklist, a move that could strain relations with two important U.S. partners in Asia.

Obama picks Colvin to head Social Security agency

06/20/2014 9:51am
President Barack Obama is naming the acting commissioner of the Social Security Administration to officially fill the job overseeing the massive retirement and disability program amid looming financial challenges.

Unemployment rates fell in 20 US states in May

06/20/2014 9:51am
Unemployment fell in 20 states last month and nearly three-quarters of the states added jobs, as the nation at large posted a fourth straight month of solid hiring.

Olive Garden, Red Lobster sales continue to slide

06/20/2014 10:01am
Darden said Friday that sales continued to slide at Olive Garden and Red Lobster, with other costs dragging down its profit by 35 percent in the latest quarter.

STOCKS IN THE SPOTLIGHT

06/20/2014 10:21am
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.

Ukrainian interior ministry: Unilateral cease fire to start by end of day, last 1 week

06/20/2014 10:31am
Ukrainian interior ministry: Unilateral cease fire to start by end of day, last 1 week.

Eclipse Resources and Kite Pharma price IPOs

06/20/2014 10:41am
Shares of Eclipse Resources slipped Friday after the oil and gas company's initial public offering of stock raised more than $800 million, while Kite Pharma's shares soared after the company expanded its offering.

Review: Warming up to tablets with keyboard covers

06/20/2014 10:51am
It took some travels across the country for me to appreciate a tablet with a keyboard cover.

Poland: Prosecutors erred in laptop seizure try

06/20/2014 10:51am
Poland's top justice official said Friday that prosecutors were overzealous while trying to obtain secret recordings of a compromising conversation between two top officials that threatens to topple the government

Report says Apple smartwatch to come this fall

06/20/2014 11:01am
Apple is likely to launch a computerized wristwatch this fall that includes more than 10 sensors to take health measurements and other data, according to a published report.

Ukraine President Poroshenko orders cease-fire for 7 days, makes 1st visit to restive east

06/20/2014 11:01am
Ukraine President Poroshenko orders cease-fire for 7 days, makes 1st visit to restive east.

IRS chief to Congress: No more details on emails until IRS completes its review

06/20/2014 11:51am
The commissioner of the Internal Revenue Service is telling the congressional committee that oversees its activities that he won't share any more details about lost emails with Congress until the IRS completes its own review.

Interfax: Kremlin says Ukrainian peace plan looks like an ultimatum, lacks offer of talks

06/20/2014 12:11pm
Interfax: Kremlin says Ukrainian peace plan looks like an ultimatum, lacks offer of talks.

LA hospital settles case of man who waited 6 hours

06/20/2014 12:11pm
A Los Angeles hospital has agreed to pay $40,750 to settle a case involving a patient who waited in the emergency department for more than six hours and never received care for acute appendicitis.

Lawyer: Revel 'a melting ice cube' that needs help

06/20/2014 12:21pm
Atlantic City's Revel Casino Hotel is "a melting ice cube" that needs immediate help to stay open until a buyer can be found, its lawyer told a bankruptcy court judge Friday.

Nevada jobless rate lowest since September 2008

06/20/2014 12:41pm
Nevada's unemployment rate continued to shrink in May, to 7.9 percent, marking the lowest point in nearly six years, according to a state report made public Friday.

Detroit 'Grand Bargain' vote key to bankruptcy end

06/20/2014 1:01pm
An effort by deep-pocketed philanthropists to save the bankrupt city of Detroit's art treasures began with a chance meeting last year and culminated Friday when Michigan Gov. Rick Snyder signed a bill authorizing millions in state help.

Naples, green and clean, now bike-friendly

06/20/2014 1:20pm
Luca Simeone rides his bike along the sunny beachfront of Naples while his little daughter sleeps on the baby seat.

Close

06/20/2014 1:20pm
Futures trading on the Chicago Board of Trade Fri.:

Starbucks hiking prices on drinks, bagged coffee

06/20/2014 1:22pm
Starbucks is raising prices on some of its drinks by 5 cents to 20 cents starting next week, and customers can also soon expect to pay $1 more for the packaged coffee it sells in supermarkets.

Food safety a new frontier for legal pot

06/20/2014 1:31pm
The marijuana in those pot brownies isn't the only thing that can potentially make consumers sick. The industry and regulators are taking a closer look at how pot-infused edibles are actually made.

Exploratory drilling planned at N. Idaho mountain

06/20/2014 1:31pm
The U.S. Forest Service has given an Australia-based mining company permission to conduct exploratory drilling at eight locations at Hall Mountain in northern Idaho to search for rare earth elements.

France throws support behind GE offer for Alstom

06/20/2014 1:51pm
U.S. conglomerate General Electric Co. looked set Friday to win its months-long fight to acquire the power generation business of France's Alstom SA after the French government dropped its objections and threw its support behind the American offer.

Grain mixed, livestock lower

06/20/2014 1:51pm
Grain futures were mostly lower Friday on the Chicago Board of Trade.

California city pursues gas-pump warning labels

06/20/2014 2:01pm
The San Francisco Bay Area city of Berkeley is moving forward with plans to put climate-change warning labels on gas pumps in what could be the first such requirement of its kind in the nation.

Va. governor vows to expand Medicaid on his own

06/20/2014 2:20pm
Democratic Gov. Terry McAuliffe vowed Friday to bypass the General Assembly and expand Medicaid eligibility for about 400,000 low-income residents on his own, a move Republican lawmakers immediately promised to fight.

California probes Anthem Blue Cross, Blue Shield

06/20/2014 2:21pm
California regulators are investigating whether Anthem Blue Cross and Blue Shield of California misled consumers about which doctors they covered under federal health care reform packages.

FDA extending comment period on e-cigarette rules

06/20/2014 2:53pm
The public will have more time to weigh in on a federal proposal to regulate electronic cigarettes and other tobacco products.

RadioShack stock closes below $1 per share

06/20/2014 3:01pm
RadioShack's stock closed below $1 per share Friday for the first time in its history, reflecting investors' concern over what lies in store for the long-struggling consumer electronics chain.

SEC chair White acting on bond market transparency

06/20/2014 3:01pm
The top U.S. securities regulator said that she is taking steps aimed at making trading in the bond markets more transparent for investors.

Escaped Illinois slaying suspect found in Colorado

06/20/2014 3:01pm
Colorado authorities have arrested a man wanted on a murder charge in Illinois who escaped while being transported from Las Vegas.

New health chief revamps HealthCare.gov

06/20/2014 3:01pm
Moving to prevent more insurance chaos this fall, the nation's new health care chief on Friday revamped the management of HealthCare.gov.

Defiant IRS head, skeptical GOP interrogators

06/20/2014 3:11pm
Defiant before skeptical Republicans, the head of the IRS refused to apologize Friday for lost emails that might shed light on the tax agency's targeting of tea party and other groups before the 2010 and 2012 elections.

Idaho unemployment rate drops below 5 percent

06/20/2014 3:11pm
Idaho's unemployment rate has dropped below 5 percent for the first time in nearly six years.

Deadly walnut tree fungus found in Indiana

06/20/2014 3:31pm
A deadly tree fungus that's been detected for the first time in Indiana poses a real threat to the black walnut trees that are the state's most valuable tree, the state entomologist said Friday.

Markets-At-A-Glance

06/20/2014 3:31pm
A snapshot of major stock and commodities market indicators Friday:

Here is the latest Idaho news from The Associated Press

06/20/2014 3:31pm
Idaho's unemployment rate has dropped below 5 percent for the first time in nearly six years. The Idaho Department of Labor said today the seasonally adjusted unemployment rate dropped to 4.9 percent in May. The number of jobless workers in the state dropped below 38,000 for the first time since July 2008. Idaho's economy has added 29,000 jobs since January.

Nasdaq SUMMARY

06/20/2014 3:41pm
Most active Nasdaq issues.

Energetic stock market pushes toward milestones

06/20/2014 3:43pm
The U.S. stock market is back to setting records.

Nigerian fishermen reject Shell's $50 million

06/20/2014 4:11pm
Thousands of Nigerian fishermen have rejected an offer of $50 million from Royal Dutch Shell for "some of the largest oil spills in history," their British lawyers said Friday after winning a landmark court ruling.

Tribal dispute prompts judge to ban casino guns

06/20/2014 4:21pm
A federal judge has banned guns from a Native American casino in Northern California that is at the center of an escalating tribal dispute, citing a potential threat to public safety.

FDA approves Cubist antibiotic for skin infections

06/20/2014 4:32pm
The Food and Drug Administration on Friday approved a new antibiotic from Cubist Pharmaceuticals to treat common skin infections often acquired in the hospital.

Trump says he's coming to Chicago to see his sign

06/20/2014 4:41pm
Donald Trump is coming to Chicago to see his name in lights.

Dismantling of Vegas' flawed Harmon tower begins

06/20/2014 4:50pm
Crews have started dismantling the structurally flawed Harmon casino tower on the Las Vegas Strip, a process that's been delayed for years as the owner and builder remain locked in a legal battle over the half-finished building.

US regulators close 2 banks in Illinois, Florida

06/20/2014 5:01pm
Regulators have closed two lenders in Illinois and Florida, bringing U.S. bank failures this year to 11 after 24 closures in all of 2013.

*52-week * ‥*‥ ‥*‥ ‥*‥ ‥*‥ Sales*‥*‥*‥*‥*‥*‥*

06/20/2014 5:11pm
Trading for the week in New York Stock Exchange issues:

Defiant IRS head, skeptical GOP interrogators

06/20/2014 5:51pm
A defiant head of the IRS is refusing to apologize for lost emails that might shed light on the tax agency's targeting of tea party and other groups.

Obama expands government benefits for gay couples

06/20/2014 6:30pm
A year after the Supreme Court struck down a law barring federal recognition of gay marriages, the Obama administration granted an array of new benefits Friday to same-sex couples, including those who live in states where gay marriage is against the law.

Corbett nets 9 insurers for Medicaid alternative

06/20/2014 6:30pm
Gov. Tom Corbett's administration said Friday that insurers are showing strong interest in the Republican's plan to extend private health insurance to hundreds of thousands of working poor and pay for it with federal Medicaid expansion dollars.

VA: 65 percent of senior executives got bonuses

06/20/2014 6:41pm
About 65 percent of senior executives at the Veterans Affairs Department got performance bonuses last year despite widespread treatment delays and preventable deaths at VA hospitals and clinics, the agency said Friday.

Memo: NC lottery can't reach House funding demand

06/20/2014 7:21pm
Advertising changes for North Carolina's lottery that House budget writers wanted to help fund teacher pay raises next year would leave them short of their funding target, the legislature's top economist said Friday.

Jindal goes light with budget vetoes

06/20/2014 7:50pm
Gov. Bobby Jindal used light strokes with his veto pen Friday when he addressed next year's $24.6 billion state operating budget.

Argentina lawyers to seek terms, resolve debt saga

06/20/2014 8:10pm
Argentina's president said Friday that she'll seek a U.S. judge's support for resolving all of her nation's unpaid debts in some kind of grand bargain.

VA: 65 percent of senior executives got bonuses

06/20/2014 9:01pm
About 65 percent of senior executives at the Veterans Affairs Department got performance bonuses last year despite widespread treatment delays and preventable deaths at VA hospitals and clinics.

Congresswoman proposes e-cigarette regulations

06/20/2014 9:11pm
A San Francisco congresswoman unveiled legislation Friday that would regulate electronic cigarettes in the same way as typical tobacco products, accusing the e-cigarette industry of targeting children and teenagers with its marketing.

House Committee ordered to court in insider probe

06/20/2014 11:00pm
A powerful U.S. House of Representatives committee was ordered on Friday to appear before a judge next month to explain why it should not be required to turn over documents in an insider-trading probe.
 
   
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