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Emergency rate hike helps Turkish currency recoup losses

Suzan Fraser, Associated Press  |  Posted   May 23rd - 11:09am

Turkey's currency recouped losses Wednesday following an emergency central bank meeting that increased the lending rate by three base points.

Twitter to add special labels to political candidates in US

Barbara Ortutay, Associated Press  |  Posted   May 23rd - 11:08am

Twitter says it's adding special labels to tweets from some U.S. political candidates ahead of this year's midterm elections.

Spain PM gets budget backing in test of separatist strength

Aritz Parra, Associated Press  |  Posted   May 23rd - 11:04am

Spain's parliament was set to pass a new national budget Wednesday, giving the government of Prime Minister Mariano Rajoy some breathing space as it combats the continuing secession drive in Catalonia.

Makeup artist to disguise witnesses in Mafia boss trial

The Associated Press  |  Posted   May 23rd - 11:01am

Two government witnesses in the trial of former New England Mafia boss Francis "Cadillac Frank" Salemme will be disguised by a "movie-industry" quality makeup artist to protect their identities.

Trump predicts auto workers will be 'very happy' on NAFTA

Ken Thomas, Associated Press  |  Posted   May 23rd - 11:00am

President Donald Trump is predicting that U.S. automakers and auto workers will be "very happy" with the outcome of talks over the North American Free Trade Agreement.

Trump appears to raise new doubts about US-China trade deal

Paul Wiseman and Ken Thomas, Associated Press  |  Posted   May 23rd - 10:54am

President Donald Trump cast doubt Wednesday on the prospects for talks that are designed to head off a trade war between the United States and China.

Harvard economist accused of lewd talk, objectifying women

Alanna Durkin Richer, Associated Press  |  Posted   May 23rd - 10:42am

A well-known Harvard University economist has been accused of creating a "sexually hostile" work environment by talking about sex, making inappropriate comments and objectifying women in his research lab, according to lawyers for a woman who has filed complaints with the school and the state.

Zinke heckled as he pitches government, industry cooperation

The Associated Press  |  Posted   May 23rd - 10:38am

Interior Secretary Ryan Zinke faced protests and a heckler as he delivered a message of government cooperation at a large energy industry conference in North Dakota.

France's Macron takes on Facebook's Zuckerberg in tech push

Angela Charlton and Sylvie Corbet, Associated Press  |  Posted   May 23rd - 10:34am

French President Emmanuel Macron took on Facebook CEO Mark Zuckerberg and other internet giants Wednesday at a Paris meeting to discuss personal data protection and taxes as France pushes for tougher European regulations.

Congress on track to OK expanded private care at troubled VA

Hope Yen, Associated Press  |  Posted   May 23rd - 10:34am

Congress is set to deliver a victory to President Donald Trump by expanding private care for veterans as an alternative to the troubled Veterans Affairs health system, despite concerns from some Democrats that this will prove too costly.

UPDATED

Comcast v. Disney: a fight for Twenty-First Century Fox

The Associated Press  |  Posted   May 23rd - 10:26am

Comcast may make an offer for Twenty-First Century Fox, potentially putting it in a head-to-head bidding war with Disney.

Target's bright spot: robust customer traffic

Anne D'Innocenzio, Associated Press  |  Posted   May 23rd - 10:20am

Target proved itself one of the few retailers that saw more customers both at its stores and online, though its investment in updating the stores hurt first-quarter profit.

2 Kansas, 1 Missourian accused in 'rent-a-vet' scheme

The Associated Press  |  Posted   May 23rd - 10:12am

Federal prosecutors are alleging that two Topeka businessmen and a Kansas City-area man operated a $352 million business fraud scheme that involved using minority or disabled military veterans to obtain federal business contracts.

New Jersey OKs $300M annually to rescue nuclear industry

Mike Catalini, Associated Press  |  Posted   May 23rd - 10:08am

Legislation that would authorize $300 million annually to rescue New Jersey's nuclear energy industry — a request for financial help made by the state's largest utility company — was signed into law Wednesday.

Truck drivers in Iran on strike over low wages

The Associated Press  |  Posted   May 23rd - 10:07am

A semi-official Iranian news agency is reporting that truck drivers in four provinces in the country are on strike over low wages.

Stocks slip after weak economic data from Europe

Marley Jay, Associated Press  |  Posted   May 23rd - 10:00am

U.S. stocks are falling Wednesday as banks drop along with bond yields. That comes after the market slipped at the end of the previous day's trading. Energy and industrial companies are also down. Investors are concerned about the European economy after a measure of business activity in the region fell to an 18-month low in May. Target is sliding after big investments in its operations cut into its first-quarter profit while Tiffany is soaring after issuing a strong report.

Markets Right Now: Banks lead midday declines for US stocks

The Associated Press  |  Posted   May 23rd - 9:58am

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

CBS renews NAI fight, seeks court approval of dilution vote

Randall Chase, Associated Press  |  Posted   May 23rd - 9:51am

CBS Corp. is asking a judge to bless a move by its board to dilute the stock voting power of its controlling shareholder, the latest step in an ongoing legal battle for control of the mass media company.

Bulgaria hits setback in bid for euro membership

David McHugh and Veselin Toshkov, Associated Press  |  Posted   May 23rd - 9:38am

Bulgaria has hit a setback to its hopes of soon becoming a member of the shared euro currency after the European Central Bank said the EU's poorest country needs "wide-ranging" reforms to get its economy in shape.

FDA warns teething medicines unsafe, wants them off shelves

Matthew Perrone, Associated Press  |  Posted   May 23rd - 9:32am

Federal health officials warned parents Wednesday about the dangers of teething remedies that contain a popular numbing ingredient and asked manufacturers to stop selling their products intended for babies and toddlers.