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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.

US stocks mostly fall in wobbly trading as costs, rates rise

Marley Jay, Associated Press  |  Posted   Apr 25th - 9:41am

U.S. stocks are mostly lower 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. 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 taking losses.

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.

General Motors to add 700 workers at Tennessee factory

The Associated Press  |  Posted   Apr 25th - 9:27am

General Motors is adding a shift at a Tennessee factory that makes GMC and Cadillac SUVs, putting about 700 people to work.

Businesses balance Facebook privacy concerns, ad needs

Joyce M. Rosenberg, Associated Press  |  Posted   Apr 25th - 9:17am

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.

Businesses balance Facebook privacy concerns, ad needs

Joyce M. Rosenberg, Associated Press  |  Posted   Apr 25th - 9:14am

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

Businesses balance Facebook privacy concerns, ad needs

Joyce M. Rosenberg, Associated Press  |  Posted   Apr 25th - 9:14am

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

Family: Delta tied woman with disability to wheelchair

The Associated Press  |  Posted   Apr 25th - 8:54am

A woman with multiple sclerosis says Delta Air Lines employees tied her to a wheelchair with a blanket when they didn't have a chair that could accommodate her disability, and her son says a supervisor cursed at her as she wept.

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.

Russia's Supreme Court rules against Navalny

The Associated Press  |  Posted   Apr 25th - 8:43am

Russia's Supreme Court on Wednesday upheld a criminal conviction against opposition leader Alexei Navalny and his brother.

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.

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.