Former head of bank-rescue program dies at 69

Herbert Allison Jr., a former head of the U.S. government’s bank rescue program and CEO of Fannie Mae after it was taken over by the government, died Sunday. He was 69. Allison spent much of his career at…

Antarctic talks fail on apparent Russia objections

BREMERHAVEN, Germany (AP) — Facing apparent Russian objections, the countries that regulate Antarctic fishing failed Tuesday to agree on proposals to create giant marine sanctuaries in the continent’s oceans. Talks in the German city of Bremerhaven ended with…
Mt. Carmel parade

Mt. Carmel fest begins

The 118th Annual Lowellville Mount Carmel Society Celebration kicked off on Tuesday.…

Stocks decline on earnings; Coca-Cola drops

NEW YORK (AP) — Disappointing earnings news pushed the stock market lower on Tuesday. Coca-Cola, the world’s largest beverage maker, fell after the company said it sold less soda in its home market of North America. Marathon Petroleum,…

UN: Some 5,000 Syrians being killed every month

UNITED NATIONS (AP) — U.N. officials say approximately 5,000 people a month are being killed in Syria and the flight of refugees is the worst since the 1994 Rwanda genocide. Human rights deputy chief Ivan Simonovic told the…

Algeria president back home after care in France

ALGIERS, Algeria (AP) — Algerian President Abdelaziz Bouteflika returned home Tuesday after 80 days of treatment in France following a stroke, the state news agency reported. Much of the power in the country is vested in the office…

Markey takes oath to become member of Senate

WASHINGTON (AP) — Massachusetts Democrat Edward Markey on Tuesday became the newest member of the Senate, taking the oath of office after serving 37 years on the other side of the Capitol in the House. Markey, 67, takes…

Stocks edge lower on Wall Street; Coke sinks

NEW YORK (AP) — Stocks are moving lower on Wall Street after the latest batch of corporate earnings failed to impress investors. Coca-Cola fell 2 percent to $40.22, the biggest drop in the Dow Jones industrial average, after…

Study: Oil in Gulf likely came from rig wreckage

NEW ORLEANS (AP) — A team of researchers has concluded that pockets of oil trapped in the wreckage of the sunken Deepwater Horizon are the likely source of oil sheens that have been spotted in the Gulf of…

NY GOP strategist challenges Spitzer petitions

NEW YORK (AP) — Eliot Spitzer is facing a challenge to his bid to get on the ballot in the city comptroller’s race, after a Republican strategist contested the ex-governor’s petition signatures. E. O’Brien Murray filed an objection…

Pilot Flying J to repay trucking companies

NASHVILLE, Tenn. (AP) — The truck-stop chain owned by Cleveland Browns owner Jimmy Haslam has agreed to pay back the trucking companies that were cheated out of fuel rebates. A federal judge in Arkansas gave preliminary approval on…

Goldman’s profit doubles, helped by underwriting

NEW YORK (AP) — Goldman Sachs said Tuesday that its second-quarter profit doubled as the bank underwrote more stock and bond offerings for clients and netted big gains on its own investments. But investors homed in on the…

Senate ends blockade against consumer chief pick

WASHINGTON (AP) — The Senate has voted to end a two-year Republican blockade that was preventing Richard Cordray from winning confirmation as director of the Consumer Financial Protection Bureau. Tuesday’s 71-29 vote came minutes after Senate Majority Leader…

Jury selected to try Fort Hood shooting suspect

FORT HOOD, Texas (AP) — A jury has been selected to hear the murder case against the Fort Hood shooting suspect. The last of thirteen officers who will decide Maj. Nidal Malik Hasan’s fate were seated Tuesday, after…

Board rejects clemency for condemned Ohio killer

COLUMBUS, Ohio (AP) — A condemned Cleveland killer moved one step closer to execution Tuesday despite a rare plea for mercy from the prosecutor overseeing his case. The Ohio Parole Board voted 6-4 to turn down a request…

Chrysler recalling nearly 46,000 2013 Ram trucks

DETROIT (AP) — Chrysler Group is recalling 45,961 Ram trucks because their electronic stability control systems may not turn on when the vehicles start. Ram 1500 4×4 trucks built between June 26, 2012, and Feb. 5, 2013, are…

Foreign holdings of US Treasury debt drop in May

WASHINGTON (AP) — Foreign demand for U.S. Treasury securities fell for a second consecutive month in May even though China increased its holdings. The Treasury Department said Tuesday that total foreign holdings declined 0.5 percent to $5.68 trillion.…

Oil down slightly

NEW YORK (AP) — Gasoline rose to the highest price in five weeks Tuesday in the U.S. as the recent spike in oil continues to filter down to the consumer level. The average price for a gallon of…

Signed copy of Rowling book could mean big money

NEW YORK (AP) — Not many people owned a copy of “The Cuckoo’s Calling” before word leaked out over the weekend that author Robert Galbraith was, in fact, J.K. Rowling. But a handful who did have a signed…