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Cohen distances himself from tax-cheating "Taxi King"

Jake Pearson, Associated Press  |  Posted   May 23rd - 4:24pm

President Donald Trump's personal lawyer, Michael Cohen, is distancing himself from an associate in the taxi industry who pleaded guilty to tax fraud.

Canada blocks Aecon takeover by Chinese state owned firm

The Associated Press  |  Posted   May 23rd - 4:21pm

The Canadian government has blocked the proposed takeover of the Aecon Group Inc. construction company by a Chinese state-owned enterprise, citing reasons of national security.

UPDATED

Trump eager to sign bill rolling back Dodd-Frank regulations

Marcy Gordon, Associated Press  |  Posted   May 23rd - 4:13pm

President Donald Trump indicated Wednesday that he's eager to sign a bill that would dismantle a chunk of the rules framework for banks, installed to prevent recurrence of the 2008 financial crisis that brought millions of lost jobs and foreclosed homes.

Uber ends self-driving program in Arizona after fatal crash

Michael Liedtke, Associated Press  |  Posted   May 23rd - 4:09pm

Uber is pulling its self-driving cars out of Arizona, a reversal triggered by the recent death of woman who was run over by one of the ride-hailing service's robotic vehicles while crossing a darkened street in a Phoenix suburb.

Board: Smaller surplus available for Puerto Rico creditors

Danica Coto, Associated Press  |  Posted   May 23rd - 4:01pm

The executive director of a federal control board overseeing Puerto Rico's public finances said Wednesday there will be a smaller surplus available for creditors, while a bond insurance company filed a lawsuit seeking to nullify a fiscal plan that aims to pull the U.S. territory out of its economic crisis.

The Latest: Maker of candy hearts and Necco Wafers sold

The Associated Press  |  Posted   May 23rd - 3:30pm

The Latest on the sale of candy company Necco (all times local):

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

Paul Wiseman and Ken Thomas, Associated Press  |  Posted   May 23rd - 3:24pm

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.

FDA warns teething medicines unsafe, wants them off shelves

Matthew Perrone, Associated Press  |  Posted   May 23rd - 3:20pm

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.

Georgia jury awards $1 billion after guard rapes teen

Kate Brumback, Associated Press  |  Posted   May 23rd - 3:20pm

A Georgia jury has awarded an eye-popping $1 billion verdict against a security company after an apartment complex guard was convicted of raping a 14-year-old girl.

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

Angela Charlton and Sylvie Corbet, Associated Press  |  Posted   May 23rd - 3:16pm

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.

Offshore worker alleges bias in federal lawsuit

Kevin McGill, Associated Press  |  Posted   May 23rd - 3:10pm

An African-American offshore oil worker has filed a federal lawsuit saying he was intimidated on the job by a supervisor who drew a picture of him dangling from a high rig structure while surrounded by co-workers in Ku Klux Klan hats.

Fed minutes: Another rate hike likely 'soon'

Martin Crutsinger, Associated Press  |  Posted   May 23rd - 3:04pm

Federal Reserve officials earlier this month suggested that another rate hike was on the way soon, while also noting several risks facing the economy, ranging from rising wage pressures to potential harm from the Trump administration's trade policies.

US man gets 15 years in prison for illegal handgun exports

Matthew Brown, Associated Press  |  Posted   May 23rd - 3:01pm

A Montana man was sentenced Wednesday to 15 years in prison after pleading guilty to illegally exporting high-caliber handguns to customers in Australia, Norway and other countries with strict weapons laws.

Target and Red Robin sink while Lowe's and Tiffany jump

The Associated Press  |  Posted   May 23rd - 2:55pm

Stocks that moved substantially or traded heavily Wednesday:

High hopes but tough road for black woman in governor's race

Ben Nadler and Russ Bynum, Associated Press  |  Posted   May 23rd - 2:48pm

She's a Yale-educated attorney and a romance novelist who served a decade in the Georgia Legislature. Now Stacey Abrams has gained a shot at becoming the first black woman elected governor in U.S. history.

13 workers wounded in shooting in Mexican border city

The Associated Press  |  Posted   May 23rd - 2:46pm

A bus full of assembly plant workers was hit by gunfire in the northern Mexico border city of Reynosa on Wednesday, and 13 people were wounded, two of them seriously.

Lucrative baby eel fishery shut down over illegal sales

Patrick Whittle, Associated Press  |  Posted   May 23rd - 2:44pm

Maine's highly lucrative baby eel fishery is being shut down two weeks early due to concerns about illegal sales.

New wind projects would deliver enough power for 400K homes

Steve Leblanc, Associated Press  |  Posted   May 23rd - 2:40pm

Massachusetts and Rhode Island have announced offshore wind projects aimed at delivering a combined 1,200 megawatts of energy — or enough to power 400,000 homes.

Fed gives stocks a boost; technology and retailers rally

Marley Jay, Associated Press  |  Posted   May 23rd - 2:39pm

U.S. stocks turned higher Wednesday after the Federal Reserve indicated it's not in a hurry to raise interest rates too quickly. Retailers and technology companies led the way as the market erased some early losses.

Company pleads guilty to shipping feathers in pet food

The Associated Press  |  Posted   May 23rd - 2:35pm

A California feed company and a suburban St. Louis commodities broker have pleaded guilty in federal court to shipping turkey ingredients containing poultry feathers to pet food manufacturers.