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  • Bank of America posts loss, hurt by legal expenses

    CHARLOTTE, N.C. (AP) — Bank of America says it swung to a loss in tNhe first quarter, hurt by $6 billion in legal expenses. The Charlotte, N.C., bank reported a loss applicable to common shareholders of $514 million. That's compares with earnings of $1.11 billion a year earlier. The loss...

  • Court rejects bankruptcy protection for Mt. Gox

    TOKYO (AP) — The Mt. Gox bitcoin exchange in Tokyo is headed for liquidation after a court rejected its bankruptcy protection application. Mt. Gox said Wednesday the Tokyo District Court decided the company, which was a trading platform and storehouse for the bitcoin virtual currency, would...

  • Russian economy hit by Ukraine turmoil

    MOSCOW (AP) — Russia's economy slowed sharply in the first three months of the year as uncertainty over the crisis in Ukraine spooked investors into pulling money out of the country, a government minister said Wednesday. Economy Minister Alexei Ulyukayev told parliament that growth was only...

  • If filed, plane lawsuits might not get heard in US

    BEIJING (AP) — Since Malaysia Airlines Flight 370 went missing, some lawyers have claimed they can get several millions of dollars in damages for each lost passenger by taking the cases to the United States. But past lawsuits show U.S. federal courts are more likely to throw such cases out if...

  • NATO says it's reinforcing its military presence on eastern border on sea, land and in the air

    BRUSSELS (AP) — NATO says it's reinforcing its military presence on eastern border on sea, land and in the air.

  • Officials: Part of Belle Isle to be shut for event

    DETROIT (AP) — Officials say portions of Detroit's Belle Isle are expected to be closed to the public for several days in September for an event showcasing driverless vehicles. The Detroit News and Detroit Free Press report that plans initially called for the city-owned island park in the...

  • UK unemployment keeps falling amid recovery

    LONDON (AP) — Britain's unemployment rate has fallen below 7 percent for the first time in five years, with earnings growth narrowly outstripping inflation for the first time since 2010. The Office for National Statistics said Wednesday that 2.24 million people were unemployed in the three...

  • Jackson Co. chamber offers grants to store owners

    PASCAGOULA, Miss. (AP) — The Jackson County Chamber of Commerce has presented grants to 20 small businesses. The Sun Herald reports (http://bit.ly/1exz2dm ) the $2,500 grants are part of the 2014 facade grant program, designed to encourage business owners to improve their storefronts' curb...

  • Hoeness tax case has Germans dashing to confess

    BERLIN (AP) — The high-profile tax evasion trial against former Bayern Munich president Uli Hoeness has prompted a surge in the number of Germans turning themselves in to authorities for failing to properly declare their taxes. Munich daily Sueddeutsche Zeitung reported Wednesday that some...

  • China's growth slows to 7.4 percent in 1Q

    BEIJING (AP) — China's economic growth slowed further in the latest quarter but appeared strong enough to satisfy Chinese leaders who are trying to put the country on a more sustainable path without politically dangerous job losses. The world's second-largest economy grew 7.4 percent from a...

  • World shares rise, shrug off slower China growth

    TOKYO (AP) — World stock markets rose Wednesday as China's slowdown in the first quarter was less severe than expected. Germany's DAX rose 0.6 percent to 9,234.84 and France's CAC 40 added 0.8 percent to 4,378.67. Britain's FTSE 100 climbed 0.6 percent to 6,578.19. Wall Street looked headed...

  • Credit Suisse profits down 34 percent

    FRANKFURT, Germany (AP) — Swiss bank Credit Suisse says its net profit fell 34 percent in the first quarter, more than expected, as bond-market woes hurt earnings at its investment banking business. Profit dropped to 859 million Swiss francs ($979 million) from 1.303 billion francs in the...

  • ASML sees lull in orders from computer chip makers

    AMSTERDAM (AP) — ASML Holding NV, the largest supplier of equipment to computer chip makers such as Intel and Samsung, says it sees only incremental sales gains in the coming two quarters. The Veldhoven, Netherlands-based company, a bellwether for the semiconductor industry, Wednesday...

  • Sen. Markey to outline "business plan" for state

    BOSTON (AP) — U.S. Sen. Edward Markey is planning to outline what he's calling his "Massachusetts Business Plan" during a speech in Boston on Wednesday. The plan focuses on encouraging entrepreneurs who are educated in Massachusetts to stay and innovate here. Markey says that will require...

  • Wawa convenience stores mark 50th anniversary

    PHILADELPHIA (AP) — Wawa convenience stores are celebrating the company's 50th anniversary, but customers will be getting the gifts. The chain is offering free cups of coffee on Wednesday to mark a half-century since the first shop opened in suburban Philadelphia. Grahame Wood established...



From the Weekly Standard