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  • Spain premier gets backing for budget in key political test

    MADRID (AP) — Spain’s parliament is set to pass the national budget proposal for 2018, giving the government of Prime Minister Mariano Rajoy some breathing space as it battles Catalan separatism. Basque nationalist lawmakers have made a last-minute U-turn on their earlier promise not to support Rajoy’s public spending plan as long as the ruling […]
  • Lingering limbo: Businesses uncertain about tax law impact

    NEW YORK (AP) — Five months after massive federal tax changes became law, many small business owners still don’t know whether they’ll be winners or losers. Mike Kaeding would like to know how his real estate development and management company will be affected by two big changes — the deductibility of business meals, and a […]
  • Stocks slip after weak economic data from Europe

    NEW YORK (AP) — U.S. stocks are falling Wednesday morning after a weak finish the day before, and energy and industrial companies are taking some of the worst losses. Investors are concerned about the European economy after a measure of business activity fell to an 18-month low in May. Target is sliding after big investments […]
  • Digital Life: Cutting back on a constant smartphone habit

    NEW YORK (AP) — Why are we checking Facebook, Instagram, Twitter, then Facebook again when we just wanted to check the weather? Turns out, smartphone addiction is by design. Think of the constant stream of notifications, color schemes in apps and all the “likes,” followers and in-game trophies. Our phones and apps are designed to […]
  • US sales of new homes slipped 1.5 percent in April

    WASHINGTON (AP) — Sales of new U.S. homes fell 1.5 percent in April, as buying plunged in the West. The Commerce Department said Wednesday that new homes sold last month at a seasonally adjusted annual rate of 662,000. So far this year, new-home sales are 8.4 percent higher than in 2017. A solid job market […]
  • United Technologies plans to hire 35,000 people

    FARMINGTON, Conn. (AP) — United Technologies plans to hire 35,000 people and invest more than $15 billion in the U.S. over the next five years. The company said Wednesday that the investment will go toward research and development and capital expenditures. United Technologies Corp. has more than 200,000 employees in over 75 countries. It currently […]
  • Markets Right Now: Stocks open lower on Wall Street

    NEW YORK (AP) — The latest on developments in financial markets (all times local): 9:35 a.m. Stocks are opening lower on Wall Street following a late slide the day before. Technology companies, energy companies and banks led declines in early trading Wednesday. Hewlett Packard Enterpise dropped 7 percent and Cimarex Energy fell 2 percent. Target […]
  • Bulgaria runs into setback in bid for euro membership

    FRANKFURT, Germany (AP) — Bulgaria has hit a setback to its hopes of soon becoming a member of the shared euro currency after the European Central Bank said the EU’s poorest country needs “wide-ranging” reforms to get its economy in shape to join. The statement came in the ECB’s report card Wednesday assessing progress toward […]
  • US officials: Some teething medicines unsafe for children

    WASHINGTON (AP) — Federal health officials are warning parents about the dangers of teething remedies that contain a popular numbing ingredient. The Food and Drug Administration is asking manufacturers to stop selling their products intended for babies and toddlers. The agency said Wednesday that various gels containing the drug benzocaine (BEN-zoh-keyn) can cause rare but […]
  • Summer driving: Edmunds’ picks for Memorial Day car deals

    Summer is the busiest selling season at car dealerships. The weather is nice, people have more time to shop, and the discounts are attractive enough to get buyers’ attention. Dealers also make full use of the summer’s holiday weekends, beginning with Memorial Day. Get ready for balloon-decked lots, inflatable eagles and scads of car ads. […]