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Markets Right Now: Stocks trading higher on Wall Street

The Associated Press  |  Posted   Apr 26th - 9:49am

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

New York developer's 600-foot tower plan meets resistance

The Associated Press  |  Posted   Apr 26th - 9:39am

A New York developer has unveiled his design for what would be the tallest building in Rhode Island, but he still faces strong opposition from Providence community groups.

Iraq awards UAE, China rights to develop oil in northeast

Sinan Salaheddin, Associated Press  |  Posted   Apr 26th - 9:37am

A United Arab Emirates energy company and two Chinese firms emerged Thursday as the only winners in Iraq's rushed bidding round for nearly a dozen hydrocarbon-rich areas.

Facebook leads technology stock rally as US indexes climb

Marley Jay, Associated Press  |  Posted   Apr 26th - 9:35am

U.S. stocks are rising Thursday as Facebook leads a big rally for technology companies. The social media platform jumped after its recent data privacy scandal didn't appear to affect business in the first quarter. Other big technology companies also moved higher, as did retailers. Chipotle Mexican Grill, Ford and Visa also rose after they gave strong first-quarter reports.

The state that wants to spend more, not less, on prison food

Susan Haigh, Associated Press  |  Posted   Apr 26th - 9:35am

Dropped onto Connecticut inmates' food trays in recent days was a concoction called chilitos, consisting of a cup of meatless chili mix, one slice of cheese, brown rice, refried beans and two tortillas, along with a half-cup of pudding and an 8-ounce drink.

US durable goods orders up 2.6 percent in March

Martin Crutsinger, Associated Press  |  Posted   Apr 26th - 9:24am

Orders for long-lasting manufactured goods rose 2.6 percent in March, but a key category that tracks business investment spending fell for the third month out of the past four.

EPA chief faces Capitol Hill grilling over ethical missteps

Michael Biesecker and Ellen Knickmeyer, Associated Press  |  Posted   Apr 26th - 9:23am

Lawmakers assailed Environmental Protection Agency chief Scott Pruitt on Thursday for the ethics and spending scandals that have prompted bipartisan calls for his ouster. On the defensive, the EPA chief blamed "half truths" and "twisted" allegations, an effort to undermine the Trump administration's anti-regulatory agenda.

AP FACT CHECK: Romney didn't illegally gather voter info as Dem opponent claimed

Brady McCombs, Associated Press  |  Posted   Apr 26th - 9:22am

Republican Mitt Romney's likely Democratic opponent in the Utah Senate race has accused the former presidential candidate of improperly gathering voter information, the latest attack from challengers who aren't letting him just cruise to victory.

European Central Bank still confident despite slower growth

David McHugh, Associated Press  |  Posted   Apr 26th - 9:03am

The head of the European Central Bank says recent signs of weakening economic growth are grounds for caution but not worrisome enough yet to consider changing the bank's stimulus and interest rate policy.

The Latest: 70 countries commit to combat terror financing

The Associated Press  |  Posted   Apr 26th - 8:59am

The Latest on the Paris conference on combating terror financing (all times local):

UK parliamentary committee grills Facebook executive

The Associated Press  |  Posted   Apr 26th - 8:51am

The U.K. parliament's media committee has criticized Facebook's response to allegations that data from millions of accounts was misused during elections in the United States and Britain as they grilled one of the company's senior executives about the scandal.

Bookings for Southwest fall after fatal accident

David Koenig, Associated Press  |  Posted   Apr 26th - 8:49am

Southwest Airlines says bookings are down since the fatal accident on one of its planes last week.

US mortgage rates highest since 2013; 30-year at 4.58 pct.

The Associated Press  |  Posted   Apr 26th - 8:39am

Long-term U.S. mortgage rates continued to climb this week, reaching their highest level in more than four years and denting prospective home purchasers' prospects amid the spring buying season.

Patrons visit Waffle House to support shooting survivors

Sheila Burke, Associated Press  |  Posted   Apr 26th - 8:31am

Tennessee residents living near a Waffle House where a gunman fatally shot four people have been filing into the restaurant to grab a meal and show their support for employees determined to carry on after the attack.

2 black men 'humiliated' when gym staffers call police

The Associated Press  |  Posted   Apr 26th - 8:14am

Two black men who were wrongly accused of not paying to work out at a gym in New Jersey say they were humiliated when staffers there twice called police on them .

American Airlines CEO warns that higher fares are coming

David Koenig, Associated Press  |  Posted   Apr 26th - 8:09am

Rising fuel costs are eating into airline profits, dampening expectations for the rest of 2018, and setting the stage for higher fares.

Oregon marijuana: Lots of data, few to analyze and check it

Andrew Selsky, Associated Press  |  Posted   Apr 26th - 8:01am

To the beat of electronic dance music, men and women inside a slate-gray building harvested marijuana plants festooned with radio-frequency identification tags. In another room, an employee entered the tag numbers into a government database.

GM 1Q earnings fall 60 pct. but company beats estimates

Tom Krisher, Associated Press  |  Posted   Apr 26th - 7:47am

General Motors' first-quarter net income fell 60 percent from a year ago, but the company handily beat Wall Street estimates as U.S. sales rose.

Thousands of Romanian health workers protest salary cuts

The Associated Press  |  Posted   Apr 26th - 7:29am

Thousands of Romanian health care workers on Thursday protested wage cuts outside the government offices in the capital.

International conference to combat terror financing in Paris

Sylvie Corbet, Associated Press  |  Posted   Apr 26th - 7:25am

Better information-sharing between countries, law enforcement agencies, financial services companies and the tech industry will help combat financing for the Islamic State group and al-Qaida, a senior international official said Thursday.