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Congress moves to dismantle key rules for banks that came in wake of financial crisis; notches legislative win for Trump

The Associated Press  |  Posted   May 22nd - 3:45pm

Congress moves to dismantle key rules for banks that came in wake of financial crisis; notches legislative win for Trump.

Congress OKs letting terminal patients try unapproved drugs

Alan Fram, Associated Press  |  Posted   May 22nd - 3:35pm

A bill helping people with deadly diseases try experimental treatments sailed through Congress on Tuesday, a victory for President Donald Trump and foes of regulation and a defeat for patients' groups and Democrats who argued the measure was dangerous and dangled false hope.

Stocks sink late as smaller companies and industrials fade

Marley Jay, Associated Press  |  Posted   May 22nd - 3:14pm

Stocks faded Tuesday afternoon and finished the day mostly lower as industrial companies and retailers fell. Smaller and more U.S.-focused companies slumped after setting records the last few days.

Hunter accused of giving bribes for African elephant kill

Kathleen Foody and Colleen Slevin, Associated Press  |  Posted   May 22nd - 3:01pm

U.S. prosecutors have indicted the owner of a South African hunting company, accusing him of bribing Zimbabwean officials while guiding a Colorado tourist and working to have the ivory tusks of an elephant that the group illegally killed inside a national park imported to the United States.

Trayvon's parents say Weinstein's company owes them $150,000

Mike Schneider, Associated Press  |  Posted   May 22nd - 3:00pm

The parents of slain Florida teen Trayvon Martin say The Weinstein Company owes them at least $150,000 for optioning the rights to their book in order to make a yet unaired television series based on their son's legacy.

Low US unemployment rate masks financial struggles for many

Christopher Rugaber, Associated Press  |  Posted   May 22nd - 2:52pm

Despite an ultra-low 3.9 percent unemployment rate, about one-third of U.S. adults faced financial insecurity last year and often struggled to pay unexpected expenses, a Federal Reserve survey found .

Amazon urged not to sell facial recognition tool to police

Gene Johnson, Associated Press  |  Posted   May 22nd - 2:48pm

The American Civil Liberties Union and other privacy advocates are asking Amazon to stop marketing a powerful facial recognition tool to police, saying law enforcement agencies could use the technology to "easily build a system to automate the identification and tracking of anyone."

Belarus restores ties with Sweden after teddy bear rift

The Associated Press  |  Posted   May 22nd - 2:45pm

Belarus has named a new ambassador to Sweden, turning the page on a six-year rift that followed a Swedish advertising agency's air drop of teddy bears bearing messages about human rights.

Dems want to scrap tax cut for rich to fund teachers' raises

Maria Danilova, Associated Press  |  Posted   May 22nd - 2:40pm

Responding to teacher walkouts across the country, congressional Democrats on Tuesday proposed raising teachers' salaries by canceling the tax cut for the nation's top 1 percent of earners.

US and China work on ZTE rescue; Mnuchin denies quid pro quo

Paul Wiseman and Martin Crutsinger, Associated Press  |  Posted   May 22nd - 2:36pm

The United States and China are working toward an agreement that would ease U.S. sanctions that were imposed on ZTE Corp. and let the Chinese telecommunications giant stay in business.

Tata Motors and Micron Technology rise; Toll Brothers slumps

The Associated Press  |  Posted   May 22nd - 2:36pm

Stocks that moved substantially or traded heavily Tuesday:

Kansas finds violations at water park where boy died in 2016

The Associated Press  |  Posted   May 22nd - 2:35pm

A state inspection has found 11 alleged violations of regulations at a Kansas water park where a 10-year-old boy died in 2016.

Atlantic City Q1 casino earnings down nearly 12 percent

Wayne Parry, Associated Press  |  Posted   May 22nd - 2:26pm

Atlantic City's seven casinos all remained profitable during the first quarter of this year, but those profits are shrinking even as two new competitors prepare to join the market.

Tear gas, broken windows disrupt Paris labor march

Associated Press  |  Posted   May 22nd - 2:16pm

Clashes between police and groups of masked youths erupted Tuesday on the sidelines of a labor march in Paris, forcing protesting civil servants to stand clear of flying debris and tear gas canisters.

Markets Right Now: Stocks ended lower, giving up early gains

The Associated Press  |  Posted   May 22nd - 2:09pm

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

Facebook chief faces EU grilling over his 'digital monster'

Lorne Cook, Associated Press  |  Posted   May 22nd - 2:08pm

Facebook CEO Mark Zuckerberg faced tough questions from European Union lawmakers Tuesday over what one of them branded Zuckerberg's "digital monster," and he apologized for the way the social network has been used to produce fake news, interfere in elections and sweep up people's personal data.

The Latest: Italy PM pick had 'no official status' at NYU

The Associated Press  |  Posted   May 22nd - 2:06pm

The Latest on the law professor picked to be Italy's next premier (all times local):

Police exchange fire with holed-up suspect in Florida

The Associated Press  |  Posted   May 22nd - 2:00pm

Police surrounded an apartment building in northern Florida and exchanged heavy gunfire with a suspect barricaded inside Tuesday, and at least one person was injured, officials said.

Facelift of Seattle's Space Needle nears completion

Ahmed Namatalla, Associated Press  |  Posted   May 22nd - 1:56pm

Tourism is booming in Seattle. Just take a look at the Space Needle.