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___ Summer travel forecast: Better, but no blowout NEW YORK (AP) — This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds. The good news: At some U.S. campgrounds these days you get live ...
IMF chief named key witness in French payoff case
After two days of intense questioning from French magistrates, International Monetary Fund chief Christine Lagarde said Friday a court named her as a key witness in an investigation into a controversial payoff to an outspoken businessman that was arranged while she was France's finance minister — stopping short of charging ...
Stocks barely budge; market ends week with loss
Major stock indexes closed out their first weekly loss in a month in quiet trading Friday. The Standard & Poor's 500 index dropped 0.91 of a point to close at 1,649.60. The Dow Jones industrial average rose 8.60 points to 15,303, a gain of 0.1 percent. Procter & Gamble supported ...
World stocks lower after big sell-off
World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus. Japan's Nikkei, which had led the previous day's losses with a plunge of over 7 percent, seesawed throughout ...
China gives US regulators access to audit records
China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute. The Public Company Accounting Oversight Board, a watchdog agency for the accounting industry, announced the agreement with China on Friday. The Securities ...
Insured Texas tornadoes damage could reach $250M
An industry group says insured damage from last week's deadly tornadoes in North Texas could reach $250 million. Mark Hanna with the Insurance Council of Texas says the rough estimate could change as insurers continue to gather information from the May 15 storms. A twister killed six people in Granbury ...
Asia stock markets edge up after big sell-off
Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus. Japan's Nikkei 225 index, which plummeted more than 7 percent Thursday, bounced back a sizeable 2.8 percent to 14,892.57. South Korea's ...
Sears reports bigger-than-expected 1Q loss
It was another ugly quarter for Sears Holdings Corp. The beleaguered department-store chain reported a steeper-than-expected loss for its first quarter on slumping sales. It also announced that it is considering selling its protection-agreement business in an ongoing effort to raise cash as it struggles to reverse its fortunes. The ...
Arizona tribe claims bank mismanaged investments
The Hopi Tribe of northern Arizona claims that advisers at a national financial services institute schemed to cheat the tribe out of tens of millions of dollars by lying about the value of tribal accounts, making risky investments and collecting fees to which they weren't entitled. The tribe has filed ...
Health reform plans, pricing released in Calif.
Californians are finally getting to see what "Obamacare" means for them. President Barack Obama's health care overhaul made a big leap Thursday when California's health insurance exchange announced the plans and the prices that will be offered to those buying individual coverage. Some of the state's largest individual health insurers, ...
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