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Illinois governor wants temporary budget fix amid stalemate

Ivan Moreno, Associated Press  |  Posted  May 31st - 11:20am

Illinois Gov. Bruce Rauner proposed a short-term budget fix on Tuesday in a last-ditch effort to give the state some temporary stability during a nearly yearlong spat between the Republican and Democratic lawmakers over a spending plan.

Carl Icahn says he bought a stake in Botox-maker Allergan

The Associated Press  |  Posted  May 31st - 11:20am

Activist investor Carl Icahn says he bought a "large" stake in Botox-maker Allergan and said he's supportive of the company's CEO, Brent Saunders.

Q&A: Illinois heading toward 2nd year with no state budget

Sara Burnett, Associated Press  |  Posted  May 31st - 11:10am

Illinois is heading toward a second year without a state budget, putting some schools and colleges in jeopardy of closing and all but ensuring more social services and state programs will be cut amid a legislative standoff unlike anything the state has ever seen.

The Latest: Budget reimburses schools for water testing

The Associated Press  |  Posted  May 31st - 11:10am

The Latest on Michigan's state budget (all times local):

UK pound slides as polls indicate support for EU exit

The Associated Press  |  Posted  May 31st - 11:10am

The British pound fell sharply Tuesday after two opinion polls for The Guardian newspaper indicated support for a British exit from the 28-country European Union in next month's referendum.

NC insurers propose increases under Affordable Care Act

Emery P. Dalesio, Associated Press  |  Posted  May 31st - 11:00am

North Carolina's largest health insurer says it wants to raise rates by an average of almost 19 percent next year on broadly subsidized policies sold to individuals.

High court sides with property owners in wetlands case

Sam Hananel, Associated Press  |  Posted  May 31st - 10:52am

The Supreme Court is making it easier for landowners to bring a court challenge when federal regulators try to restrict property development due to concerns about water pollution.

The Latest: Democrats won't take up temporary budget Tuesday

The Associated Press  |  Posted  May 31st - 10:50am

The Latest on the last day of the Illinois legislative session as lawmakers and the governor try to end an 11-month budget standoff (all times local):

GOP's Portman releases 1st TV ads in US Senate race in Ohio

Julie Carr Smyth, Associated Press  |  Posted  May 31st - 10:40am

U.S. Sen. Rob Portman touts his efforts to tackle heroin addiction in the first statewide television ads of his 2016 re-election campaign to be aired beginning Wednesday.

Justice Dept. pushes back against Texas judge's sanctions

Eric Tucker, Associated Press  |  Posted  May 31st - 10:30am

The Justice Department pushed back Tuesday against a Texas judge's demand that its lawyers attend an ethics course, saying the sanction is inappropriate and could cost the government and taxpayers millions of dollars.

Alaska House, Senate negotiators reach deal on state budget

Becky Bohrer, Associated Press  |  Posted  May 31st - 10:11am

House and Senate negotiators have reached a deal on a state budget that restores funding for public schools, reduces a cut to the university system and is aimed at keeping state workers from receiving layoff warnings.

Great Plains Energy to buy Westar for about $8.6 billion

The Associated Press  |  Posted  May 31st - 10:00am

Great Plains Energy is buying rival Westar for about $8.6 billion, creating one large power provider in Kansas and Missouri with more than 1.5 million customers in.

Finland to seek EU aid to cope with Microsoft, Nokia layoffs

The Associated Press  |  Posted  May 31st - 10:00am

Finland says it will apply for EU help to deal with recent redundancies, particularly among workers at Microsoft and Nokia.

Markets Right Now: Stocks are mixed in midday trading

The Associated Press  |  Posted  May 31st - 10:00am

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

US consumer spending scores biggest jump in 6 years

Martin Crutsinger, Associated Press  |  Posted  May 31st - 9:40am

Consumer spending surged in April by the largest amount in more than six years, led by a big jump in purchases of autos and other durable goods.

Puerto Rico taxi, tourist bus system hit by Uber protest

The Associated Press  |  Posted  May 31st - 9:40am

Puerto Rico's capital is being hit by a protest against the anticipated arrival of ride-booking service Uber.

Justices reject union appeal over Trump Taj Mahal bankruptcy

Wayne Parry, Associated Press  |  Posted  May 31st - 9:31am

The U.S. Supreme Court rejected a union challenge seeking to restore health and pension benefits for more than 1,000 workers at the Trump Taj Mahal casino in Atlantic City.

4th suit linking DuPont C8 dumping to illness goes to trial

The Associated Press  |  Posted  May 31st - 9:30am

One of more than 3,500 lawsuits alleging links between people's illnesses and DuPont discharging C8 into drinking water and the Ohio River is heading to trial in federal court this week.

US consumer confidence slips in May

Martin Crutsinger, Associated Press  |  Posted  May 31st - 9:11am

U.S. consumer confidence fell for a second month in May to the lowest level since November.

Grain lower, livestock higher

The Associated Press  |  Posted  May 31st - 9:00am

Grain futures were lower Tuesday in early trading on the Chicago Board of Trade.