U.S. stocks are sinking Tuesday as investors fear that growth in company profits will slow down. The worries began to set in after construction and mining equipment maker Caterpillar said it doesn't expect to top its first-quarter profit for the rest of this year. Industrial and basic materials companies and technology firms are taking some of the worst losses as the Dow Jones industrial average fell as much as 619 points.
Kevin Freking, Associated Press | Posted
Apr 24th - 12:18pm
A Democratic senator who supports rolling back some of the financial rules put in place after the 2008 financial crisis warned bankers Tuesday that the legislation will stall if it comes back to the Senate for another vote.
Two film industry leaders told theater owners Tuesday that are optimistic about the movie and theatrical exhibition business despite concerns about declining attendance and competition from streaming services.
David Porter, Associated Press | Posted
Apr 24th - 11:36am
The tales of political vendettas and back-room machinations that animated the 2013 George Washington Bridge lane-closing scandal were replaced Tuesday with comparatively dry legal arguments as two former associates of former New Jersey Gov. Chris Christie argued before a federal appeals court to have their convictions overturned.
A Massachusetts judge who engaged in sexual acts with a social worker in his chambers has damaged the public's faith in the judicial system and can no longer command the respect necessary to remain on the bench, the head of the state's Commission on Judicial Conduct said Tuesday.
Barbara Ortutay, Associated Press | Posted
Apr 24th - 10:46am
Facebook has revealed for the first time just what, exactly, is banned on its service in a new Community Standards document released on Tuesday. It's an updated version of the internal rules the company has used to determine what's allowed and what isn't, down to granular details such as what, exactly, counts as a "credible threat" of violence. The previous public-facing version gave a broad-strokes outline of the rules, but the specifics were shrouded in secrecy for most of Facebook's 2.2 billion users.