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Japan father, son win release before US trial in Ponzi case

Ken Ritter, Associated Press  |  Posted Apr 24th - 8:32pm

A father and son from Japan can be freed from federal custody to live with relatives in a rented Las Vegas apartment pending trial on fraud charges in what prosecutors call a $1.5 billion international Ponzi scheme, a judge decided Wednesday.

Japanese court approves release for detained Nissan ex-chair Carlos Ghosn on 500 million yen, or $4.5 million, bail

The Associated Press  |  Posted Apr 24th - 8:27pm

Japanese court approves release for detained Nissan ex-chair Carlos Ghosn on 500 million yen, or $4.5 million, bail.

2 firms first to export LatAm medicinal marijuana to Europe

Leonardo Haberkorn, Associated Press  |  Posted Apr 24th - 7:43pm

Two companies from Uruguay and Colombia will become the first in Latin America to export medical marijuana products to Europe under deals announced Wednesday.

Tesla posts surprisingly large 1Q loss as sales slump 31%

Tom Krisher and Michael Liedtke, Associated Press  |  Posted Apr 24th - 5:57pm

Tesla CEO Elon Musk had prepped Wall Street for a first quarter loss but analysts were still stunned by its size: $702.1 million, among the company's worst quarters in the past two years.

Puerto Rico gov slams Trump, seeks swifter storm recovery

Danica Coto, Associated Press  |  Posted Apr 24th - 5:24pm

Puerto Rico's governor pledged on Wednesday to lift the U.S. territory from a deep recession by creating more jobs, reversing a migration exodus and implementing a range of incentives as the island struggles to recover from Hurricane Maria.

Booker tax returns show income drop, high charitable giving

Ryan J. Foley, Associated Press  |  Posted Apr 24th - 4:29pm

Democratic presidential candidate Cory Booker released 10 years of tax returns Wednesday, showing his income plunged last year but he remained generous toward charity.

Texas oil company to pay Idaho penalty for acid in well

The Associated Press  |  Posted Apr 24th - 3:58pm

A Texas-based oil company that injected acid into a well as part of a process to improve production will pay Idaho $8,000 in civil penalties.

Orem seeks to conserve water by changing grass rule

The Associated Press  |  Posted Apr 24th - 3:40pm

A Utah city is proposing to reduce a home grass requirement to help residents deal with higher water bills.

The Latest: Tesla posts Q1 net loss of $700M

The Associated Press  |  Posted Apr 24th - 3:28pm

The Latest on Tesla's first quarter earnings (all times local):

Tesla posts Q1 net loss of more than $700 million as sales of its electric cars slump and demand appears to be waning

The Associated Press  |  Posted Apr 24th - 3:24pm

Tesla posts Q1 net loss of more than $700 million as sales of its electric cars slump and demand appears to be waning.

Microsoft's cloud growth pleases Wall Street

The Associated Press  |  Posted Apr 24th - 3:03pm

Microsoft's ongoing push to get automakers, retailers and other businesses onto its cloud computing platform helped power the company's third-quarter earnings ahead of Wall Street expectations Wednesday.

Business group: Nicaragua's economy in 'free fall'

Gabriela Selser, Associated Press  |  Posted Apr 24th - 3:01pm

Nicaragua's economy is in "free fall" a year after anti-government protests were violently repressed by the government and its supporters, the country's leading business association said Wednesday.

Feds intend to sue Tennessee lawmaker over pain clinics

Travis Loller, Associated Press  |  Posted Apr 24th - 2:59pm

Federal prosecutors said this week they intend to file a lawsuit against a Tennessee state senator and other co-owners of a now-shuttered pain clinic company.

TD Ameritrade's growth slows as market hits new highs

Josh Funk, Associated Press  |  Posted Apr 24th - 2:57pm

The stock market has scaled new heights, but that meant that online brokerage TD Ameritrade saw a decline in trading activity in the first three months of the year.

NYC mayor takes aim at glass towers as energy hogs

Karen Matthews, Associated Press  |  Posted Apr 24th - 2:55pm

New York City Mayor Bill de Blasio presides over a city that's known for its skyscrapers but he is no fan of the glass towers that have transformed the Manhattan skyline in recent decades.

Restaurant name leaves bad taste with Delaware officials

Randall Chase, Associated Press  |  Posted Apr 24th - 2:54pm

Delaware officials won't allow popular Colorado-based restaurant chain Illegal Pete's to convert to a Delaware limited liability company because the company's name has "a negative connotation," according to a federal lawsuit filed this week.

Cohen says he pleaded guilty to crimes he didn't commit

Michael R. Sisak, Associated Press  |  Posted Apr 24th - 2:35pm

President Donald Trump's prison-bound former lawyer told actor Tom Arnold last month that he pleaded guilty to some crimes he didn't commit so his wife wouldn't "get dragged into the mud of this crap."

Anadarko and eBay jump while iRobot and AT&T slump

The Associated Press  |  Posted Apr 24th - 2:23pm

Stocks that moved substantially or traded heavily on Wednesday:

Facebook anticipates an FTC privacy fine of up to $5 billion

Barbara Ortutay, Associated Press  |  Posted Apr 24th - 2:13pm

Facebook said it expects a fine of up to $5 billion from the Federal Trade Commission, which is investigating whether the social network violated its users' privacy.

Facebook is taking a $3 billion charge as a contingency against a possible fine by the Federal Trade Commission

The Associated Press  |  Posted Apr 24th - 2:11pm

Facebook is taking a $3 billion charge as a contingency against a possible fine by the Federal Trade Commission.