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Emiratis investigate joke video of baby government employee

The Associated Press  |  Posted   Apr 25th - 8:46am

Prosecutors are investigating a United Arab Emirates government agency's release of an online video that was meant as a joke and that suggested an 8-month-old baby is its youngest employee.

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

Janet McConnaughey, Associated Press  |  Posted   Apr 25th - 8:36am

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 Economic Development Secretary Don Pierson said.

2018 Andrew Carnegie Fellows chosen to study array of topics

The Associated Press  |  Posted   Apr 25th - 8:27am

This year's Andrew Carnegie Fellows will delve into a wide array of topics related to politics, economics, technology, humanism and sociology.

Twitter is profitable again in 1st quarter, grows overseas

The Associated Press  |  Posted   Apr 25th - 8:17am

Twitter, driven by strong growth overseas, swung to a profit during the first quarter of the year, its second profitable quarter ever after a strong finish last year.

Facebook launches transparency tool before Irish referendum

The Associated Press  |  Posted   Apr 25th - 8:17am

Facebook is launching a pilot program in Ireland ahead of a referendum on abortion which it hopes will ensure greater transparency in political advertising.

Stocks sink again as materials costs and interest rates rise

Marley Jay, Associated Press  |  Posted   Apr 25th - 8:11am

U.S. stocks are slumping Wednesday after a steep drop the day before as investors continued to worry that growing costs for critical materials along with rising interest rates will affect profit growth for companies. Stock indexes in Europe and Asia are also taking losses. U.S. bond yields are rising again.

International probe shuts down cyberattack provider

Mike Corder, Associated Press  |  Posted   Apr 25th - 7:50am

In a major hit against cybercriminals, an international police operation has taken down what investigators called the world's biggest provider of potentially crippling Distributed Denial of Service attacks.

US Virgin Islands to rebuild all main roads for $1.2B

The Associated Press  |  Posted   Apr 25th - 7:47am

The governor of the U.S. Virgin Islands says all of the territory's main roads will be rebuilt to federal standards following the damage inflicted by hurricanes Irma and Maria.

Markets Right Now: US stocks open slightly lower

The Associated Press  |  Posted   Apr 25th - 7:45am

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

Finland denies media claims basic income trial fallen flat

The Associated Press  |  Posted   Apr 25th - 7:32am

Finland has denied media claims that the Nordic country's basic income experiment has fallen flat and that the government wouldn't consider expanding it.

Oklahoma governor vetoes bill lifting ban on ballot selfies

The Associated Press  |  Posted   Apr 25th - 7:31am

Oklahoma Gov. Mary Fallin has vetoed legislation that would have allowed voters to take and share cellphone photos of their ballots.

Greece: Anti-austerity protesters eye post-bailout battle

Elena Becatoros and Derek Gatopoulos, Associated Press  |  Posted   Apr 25th - 7:15am

Thousands of protesters took to the streets in Athens and other cities Wednesday, vowing to challenge ongoing bailout-related austerity measures after the rescue program ends in a few months.

AP reports loss on one-time accounting charges

The Associated Press  |  Posted   Apr 25th - 7:13am

The Associated Press lost $74 million in 2017, mostly due to one-time accounting charges related to the federal tax overhaul passed late last year.

EPA security chief also worked for owner of tabloid company

Michael Biesecker and Jeff Horwitz, Associated Press  |  Posted   Apr 25th - 6:59am

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.

Inter-Korean summit food will have touch of Swiss

Kim Tong-Hyung, Associated Press  |  Posted   Apr 25th - 6:54am

North Korean leader Kim Jong Un will be served a nod to his Swiss school days following a high-stakes meeting with South Korean President Moon Jae-in over the future of his nukes.

Drugmaker GSK says first quarter revenue dropped 2 percent

The Associated Press  |  Posted   Apr 25th - 6:42am

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.

Strong travel demand lifts Boeing in first quarter

The Associated Press  |  Posted   Apr 25th - 6:39am

Rising demand for travel is providing Boeing with a huge tail wind, pushing earnings and revenue beyond Wall Street expectations in the first quarter.

Juul maker to invest $30M to combat underage vaping

The Associated Press  |  Posted   Apr 25th - 6:34am

The maker of a much-debated e-cigarette popular with teenagers says it will spend $30 million in an effort to keep its products out of the hands of children.

Insurer Anthem's earnings jump 30 pct as medical costs fall

Tom Murphy, Associated Press  |  Posted   Apr 25th - 6:31am

Anthem's first-quarter earnings shot up 30 percent, and the Blue Cross-Blue Shield insurer hiked its 2018 forecast, as a drop in medical expenses bolstered its performance.