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US stocks are mixed in wobbly trading as costs, rates rise

Marley Jay, Associated Press  |  Posted   Apr 25th - 12:47pm

U.S. stocks are wobbling Wednesday as investors continued to worry that growing costs for critical materials along with rising interest rates will affect profit growth for companies. U.S. bond yields are rising again and setting four-year highs while oil prices are at three-year highs. Stock indexes in Europe and Asia are also falling after U.S. indexes took a steep drop the day before.

San Francisco Conservatory of Music to build new facility

The Associated Press  |  Posted   Apr 25th - 12:29pm

The San Francisco Conservatory of Music plans to start construction this summer of a 12-floor building containing two concert halls in the city's Civic Center area and has received a $46.4 million gift from the William K. Bowes, Jr. Foundation.

Southwest jet victim's husband: 'Mommy's not coming home'

The Associated Press  |  Posted   Apr 25th - 12:25pm

The husband of an Albuquerque woman killed in a Southwest Airlines jet that blew an engine while flying said he broke the news about her death to their two children at their school, telling them: "Mommy's not coming home, guys."

Trump plan would raise rent for millions in public housing

The Associated Press  |  Posted   Apr 25th - 12:24pm

Millions of families living in federally subsidized public housing would have to pay more for rent under a Trump administration proposal.

White House doctor Jackson fights to save imperiled VA bid

Hope Yen, Zeke Miller and Ken Thomas, Associated Press  |  Posted   Apr 25th - 12:19pm

Ronny Jackson is fighting to salvage his imperiled nomination to be veterans affairs chief as more details emerge about accusations from his time as a top White House doctor, including repeated drunkenness and a "toxic" work environment.

18-month sentence for man who tried to get Trump's tax data

Michael Kunzelman, Associated Press  |  Posted   Apr 25th - 12:19pm

A Louisiana private investigator was sentenced Wednesday to 18 months in prison for repeatedly trying to electronically access Donald Trump's federal tax information several weeks before the 2016 election.

Puerto Rico rejects labor reform measure from control board

The Associated Press  |  Posted   Apr 25th - 12:16pm

Government officials in Puerto Rico are rejecting a labor reform measure that a federal control board overseeing the island's finances has submitted to the local legislature.

AP FACT CHECK: Romney didn't illegally gather voter info

Brady McCombs, Associated Press  |  Posted   Apr 25th - 12:03pm

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.

The Latest: Nashville Waffle House reopens after slayings

The Associated Press  |  Posted   Apr 25th - 12:01pm

The Latest on a shooting at Tennessee restaurant that left four dead (all times local):

Comcast challenges Murdoch with rival bid for UK-based Sky

Danica Kirka, Associated Press  |  Posted   Apr 25th - 11:31am

U.S. media giant Comcast on Wednesday offered 22 billion pounds ($30.7 billion) for Sky PLC, topping a bid from Rupert Murdoch's 21st Century Fox and setting up a bidding war for Britain's biggest satellite television company.

Twitter is profitable again in 1Q, Wall Street not impressed

Barbara Ortutay, Associated Press  |  Posted   Apr 25th - 11:27am

Twitter has remained largely outside of the crosshairs of Congress over the privacy issues that have tripped up Facebook, but it continues to face its own, unique challenges.

Businesses balance Facebook privacy concerns, ad needs

Joyce M. Rosenberg, Associated Press  |  Posted   Apr 25th - 11:13am

Some small businesses that use Facebook ads to promote themselves and attract new customers are wrestling with whether they need to change strategy after the company's data-misuse scandal.

Iraq's move to rush oil bidding could deter some firms

Sinan Salaheddin, Associated Press  |  Posted   Apr 25th - 10:54am

Iraq is opening more of its untapped oil and gas resources to foreign developers, hoping to boost revenues after its costly war with the Islamic State group, but analysts say the rushed bidding process — now timed to precede national elections — could draw a lukewarm response.

Jury deliberations begin in fraud trial of bank executives

Randall Chase, Associated Press  |  Posted   Apr 25th - 10:53am

Jury deliberations have begun in the federal fraud and conspiracy case against four former executives of the only financial institution to be criminally charged in connection with the federal bank bailout program.

Louisiana: $1.5 billion in tax breaks for $9.4 billion plant

Janet McConnaughey, Associated Press  |  Posted   Apr 25th - 10:40am

State and local governments in Louisiana have offered an estimated $1.5 billion in incentives to persuade a Taiwanese company to locate a $9.4 billion plastics complex along the Mississippi River upstream from New Orleans, Louisiana's secretary of economic development said.

Stronger pound weighs on revenues at drugmaker GSK

The Associated Press  |  Posted   Apr 25th - 10:35am

Pharmaceutical and consumer goods maker GlaxoSmithKline says first-quarter revenue dropped 2 percent as a stronger pound offset encouraging sales of a new shingles treatment.

Finland says basic income trial going ahead as planned

Jari Tanner, Associated Press  |  Posted   Apr 25th - 10:01am

Finland on Wednesday said the Nordic country's trailblazing basic income experiment is going ahead as planned, denying media reports that the trial has fallen flat.

Markets Right Now: Stocks move lower in midday trading

The Associated Press  |  Posted   Apr 25th - 9:57am

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

Polish PM says ex-communist EU countries need more support

The Associated Press  |  Posted   Apr 25th - 9:47am

Poland's prime minister says the European Union's ex-communist countries still need high levels of EU funding if they are to catch up with living standards in the West.

EPA security chief also worked for owner of tabloid company

Michael Biesecker and Jeff Horwitz, Associated Press  |  Posted   Apr 25th - 9:34am

The security chief for the head of the Environmental Protection Agency worked on the side as a private investigator for the owner of a tabloid news company with close ties to President Donald Trump.