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Oil rises on falling dollar; gasoline at $3.65

NEW YORK (AP) — The price of oil rose Monday, taking its cue from the stock market and the dollar.

Wall Street ends near flat; correction worry rises

Traders work on the floor at the New York Stock Exchange NEW YORK (Reuters) - U.S. stocks ended little changed on Monday with indexes hovering near record levels as concerns about a correction cut earlier gains that were boosted by acquisition activities. Based on the latest available data, the Dow Jones industrial average declined 19.12 points, or 0.12 percent, to finish unofficially at 15,335.28. The Standard & Poor's 500 Index slipped 1.18 points, or 0.07 percent, to end unofficially at 1,666.29. The Nasdaq Composite Index fell 2.53 points, or 0.07 percent, to close unofficially at 3,496.43. ...


Senators want fingerprint checks at airports

U.S. Sen. Orrin Hatch addresses the Utah Republican Party's annual organizing convention Saturday, May 18, 2013, in Sandy, Utah. Hatch says staffers at the Internal Revenue Service, which recently apologized for unfairly targeting tea party groups, "are either deliberately incompetent or they are evil." Hatch mentioned the IRS scandal while addressing thousands of fellow Republicans in Sandy on Saturday for the state party's annual organizing convention. Hatch says the IRS scandal is more concerning than almost anything else he's seen in the 36 years he's been in the U.S. Senate. (AP Photo/Rick Bowmer) Foreigners leaving the country would be subjected to the checks at the busiest airports.


Wave of attacks kills dozens in Iraq

An Iraqi woman passes by the scene of a car bomb attack in Kamaliyah neighborhood, a predominantly Shiite area of eastern Baghdad, Iraq, Monday, May 20, 2013. A wave of car bombings across Baghdad's Shiite neighborhoods and in the southern city of Basra killed and wounded dozens of people, police said. (AP Photo/ Hadi Mizban) The bombings extend one of the most sustained bouts of sectarian violence.


Global shares grind higher, yen rebounds on minister's remarks

A man walks through the lobby of the London Stock Exchange By Herbert Lash NEW YORK (Reuters) - Global equity markets advanced on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street traded near break-even. Deals such as Yahoo's $1. ...


Global shares grind higher, yen rebounds on minister's remarks

A man walks through the lobby of the London Stock Exchange By Herbert Lash NEW YORK (Reuters) - Global equity markets advanced on Monday, driven higher by a flurry of merger and acquisition activity, while a recent tumble in the yen against the dollar halted after Japan's economy minister suggested the currency might have weakened enough. Major American and European stock indices are up double digits - the U.S. benchmark S&P 500 index is almost 17 percent higher so far this year - and investors still see better returns ahead in equities, even as Wall Street traded near break-even. Deals such as Yahoo's $1. ...


'Downright chilling' targeting of Fox News reporter

Fox News journalist targeted by DOJ The media outlet denounced the Justice Department’s investigation of one of its reporters.


Five die in van crash along Illinois highway

VANDALIA, Ill. (AP) — Illinois State Police say five people were killed and six others injured when a van in which they were riding left a southern Illinois freeway and overturned several times.

NYPD to increase presence after bias killing

NEW YORK (AP) — A spate of anti-gay attacks in New York City is prompting police to increase their presence in some gay-friendly neighborhoods heading into what's usually a time for celebration.

Why an 87-year-old took on Donald Trump? 'Someone had to'

"All Star Celebrity Apprentice" Finale She alleges the real estate mogul cheated her in a bait-and-switch scheme.


Yahoo buying Tumblr for $1.1 billion, vows not to screw it up

A photo illustration shows the applications of Yahoo and Tumblr on the screen of an iPhone in Zagreb By Alexei Oreskovic and Jennifer Saba SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. ...


Split-second choice ended with N.Y. student dead

CORRECTS SPELLING OF LAST NAME -- In this photo copied from the 2010 Sleepy Hollow High School yearbook, high school student Andrea Rebello is shown. Police said Rebello, a junior at Hofstra University in Hempstead, N.Y., was shot and killed Friday, May 17, 2013, during a break-in near the college campus. (AP Photo/Sleepy Hollow High School) A college student was taken hostage by a masked intruder when he aimed at an officer.


Silver drops despite steady market tone elsewhere

A man under an umbrella walks past an electronic stock board of a securities firm in Tokyo Monday, May 20, 2013. Japan's Nikkei 225 index jumped 1.4 percent to 15,352.84 as evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. (AP Photo/Koji Sasahara) LONDON (AP) — The price of silver was the standout mover in financial markets Monday as it took a hammering for the second trading session in a row, even as stocks remained relatively solid amid hopes over the U.S. economy.


'The myth of suburban prosperity'

Newly constructed homes in an unfinished subdivision is surrounded by weeds in Coolidge The suburbs struggle as the nation's poor migrate out of the cities.


Banks lead FTSE to highest close since late 2000

The London Stock Exchange building is seen in central London By Sudip Kar-Gupta LONDON (Reuters) - Britain's benchmark equity index rose on Monday to its best closing level since late 2000, helped by rising bank stocks, and analysts said there was little holding it back from its all-time highs. Interest rate cuts and injections of liquidity by central banks have hit returns on bonds, driving investors to seek the better returns on offer from equities, spurring a global stock market rally over the last year. The blue-chip FTSE 100 index closed up by 0.5 percent, or 32.57 points, at 6,755.63 points - its highest closing level since September 2000. ...


Oil rises on higher US stocks, falling dollar

NEW YORK (AP) — The price of oil rose Monday, taking its cue from the stock market and the dollar.

787s return to skies above the U.S.

FILE - In this Thursday, Jan. 17, 2013 file photo, a United Airlines Boeing 787 is parked at Narita international airport in Narita, east of Tokyo. United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s owned by other airlines. The incidents included an emergency landing of one plane, and a fire on another. The incidents never caused any serious injuries. But the January grounding embarrassed Boeing, which makes the 787, and disrupted schedules at the eight airlines that were flying the planes. United's first 787 flight was scheduled for 11 a.m. Monday, May 20, 2013 from Houston to Chicago. (AP Photo/Kyodo News, File) JAPAN OUT, MANDATORY CREDIT After battery problems grounded the jet, United will begin flying the Boeing aircraft.


Small-company stocks lead the market higher

FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. (AP Photo/Richard Drew) NEW YORK (AP) — The stock market is edging higher in midday trading, led by small-company shares.


Immigration agency employee's union president denounces reform bill

A child looks up as she rides among Mexican and American flags during the International Workers Day and Immigration Reform March on May Day in Los Angeles The plan gives legal status to millions without necessary interviews, says the USCIS leader.


Activists say 28 Hezbollah members killed in Syria

In this Saturday, May 18, 2013 citizen journalism image provided by Qusair Lens which has been authenticated based on its contents and other AP reporting, shows Syrians inspecting the rubble of damaged buildings due to government airstrikes, in Qusair, Homs province, Syria. The town of Qusair has been besieged for weeks by regime troops and pro-government gunmen backed by the Lebanese militant Hezbollah group. The siege is part of a withering offensives forces loyal to Syrian President Bashar Assad have been pushing in recent weeks to regain control of the towns and villages along the Lebanese frontier. (AP Photo/Qusair Lens) BEIRUT (AP) — Fierce street fighting in a Syrian town near the Lebanese border has killed at least 28 elite members of Lebanon's militant Hezbollah group, activists said Monday, as Syrian government forces pushed deeper into the strategic, opposition-held town.


Stocks hold close to record levels

FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. (AP Photo/Richard Drew) NEW YORK (AP) — A stock market surge took a pause Monday after investors pushed indexes to record levels last week.


Suicide bomber kills 14 at Afghan province council

Afghan policemen evacuate a wounded person after a suicide bomber struck outside a provincial council headquarters in Pul-i-Khumri, Baghlan province, northern Afghanistan, Monday, May 20, 2013, killing the council chief and at least more than a dozen others, authorities said. Afghan President Hamid Karzai condemned the bombing saying the killing of civilians shows the “true nature” of the Taliban, who seek to re-establish the strict interpretation of Islamic law they imposed for five years before being ousted in the 2001 U.S.-led invasion over its sheltering of al-Qaida’s terrorist leadership. (AP Photo/Jawed Basharat) KABUL, Afghanistan (AP) — A suicide bomber dressed in a police uniform killed 14 people including a prominent provincial council chief outside the council headquarters in northern Afghanistan on Monday, authorities said. The Taliban insurgency quickly claimed responsibility.


RBI cuts time for exporters to repatriate earnings

Two men make phone calls while standing near a Reserve Bank of India (RBI) crest at the RBI headquarters in Mumbai January 29, 2013. MUMBAI (Reuters) - The Reserve Bank of India said on Monday it has cut the time that exporters have to bring back into the country the value of goods or software they have exported to nine months from 12. It said its new guideline will take effect immediately and will be valid until the end of September. http://www.rbi.org.in/scripts/NotificationUser.aspx?Id=7991&Mode=0 (Reporting by Shamik Paul)


China offers India a 'handshake across the Himalayas'

Chinese Premier Li and India's Prime Minister Singh arrive for a photo opportunity ahead of their meeting at Hyderabad House in New Delhi By Frank Jack Daniel and Rajesh Kumar Singh NEW DELHI (Reuters) - India and China will study new ways to ease tensions on their ill-defined border after an army standoff in the Himalayas, Chinese Premier Li Keqiang said on Monday on his first official foreign trip. The number two in the Chinese leadership offered New Delhi a "handshake across the Himalayas" and said the world's most populous nations could become a new engine for the global economy if they could avoid friction on the militarized border. ...


Stock prices are little changed in early trading

FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. (AP Photo/Richard Drew) NEW YORK (AP) — Stocks were mixed in early trading on Wall Street after investors pushed indexes to record levels Friday.


Supreme Court declines to hear Alaska climate change case

An Alaskan village wanted to sue oil companies over increased erosion.

Wave of attacks kills at least 79 in Iraq

An Iraqi woman passes by the scene of a car bomb attack in Kamaliyah neighborhood, a predominantly Shiite area of eastern Baghdad, Iraq, Monday, May 20, 2013. A wave of car bombings across Baghdad's Shiite neighborhoods and in the southern city of Basra killed and wounded dozens of people, police said. (AP Photo/ Hadi Mizban) The past few months produced a sustained bout of sectarian violence.


Wall St opens lower after record highs

Traders work on the floor at the New York Stock Exchange, May 17, 2013. REUTERS/Brendan McDermid NEW YORK (Reuters) - Wall Street opened weaker on Monday as investors searched for catalysts after major U.S. equity indexes closed a fourth consecutive week of gains Friday. The Dow Jones industrial average slipped 14.90 points, or 0.10 percent, to 15,339.50. The Standard & Poor's 500 Index was off 1.84 points, or 0.11 percent, to 1,665.63. The Nasdaq Composite Index lost 7.17 points, or 0.21 percent, to 3,491.79. (Reporting by Leah Schnurr; Editing by Nick Zieminski)


North Korea fires sixth missile in three days

A North Korean soldier stands guard on the banks of Yalu River, near Sinuiju By Chookyung Kim SEOUL (Reuters) - North Korea fired two short-range missiles on Monday, making six launches in three days, and it condemned South Korea for criticizing what it said were its legitimate military drills. South Korea's Defense Ministry said North Korea had fired one missile on Monday morning and a second one in the afternoon. Both were fired into the sea off North Korea's east coast, a ministry official said. ...


Stocks open slightly lower on Wall Street

FILE - In this Tuesday, May 7, 2013, photo, specialist Charles Boeddinghaus works at his post on the floor of the New York Stock Exchange. Evidence of a steady economic recovery in the U.S. helped push world stock markets higher Monday. (AP Photo/Richard Drew) NEW YORK (AP) — Stocks are opening slightly lower on Wall Street as the stock market comes off of four straight weeks of gains.


Report: Obama admin. spied on reporter

Benghazi fallout continues to unfold The Justice Department collected James Rosen's telephone records.


UAE's TAQA says looking at share options after dual listing report

ABU DHABI, May 20 (Reuters) - Abu Dhabi National EnergyCompany (TAQA) said on Monday it was looking at waysto improve the liquidity of its shares but had not taken anysteps to remove a barrier to foreigners holding its stock. Abu Dhabi newspaper The National said on Monday that TAQAwas considering a dual listing on the London stock exchange andan opening up of its free-float of shares domestically toforeign investors. TAQA is 75 percent owned by the Abu Dhabi government, whileforeigners are currently not allowed to trade in the remainingstock listed on the Abu Dhabi stock market. ...

Algeria energy earnings fall 9 pct Jan-April vs same 2012 period

(Blank Headline Received) ALGIERS (Reuters) - The value of Algeria's oil and gas exports, which account for about 97 of total sales abroad, fell by 9 percent in the first four months of this year compared to the same period in 2012 due to lower global crude prices, official figures showed on Monday. That pushed the OPEC member north African country's trade surplus down 39 percent to $7.16 billion in the January-April period of 2013, according to data released by the customs department and reported by the official APS news agency. Earnings from energy exports dropped to $24.1 billion from $26. ...


Autism vaccine scare leads to measles epidemic in UK

In this photo Thursday, April 25, 2013 Lucy Butler,15, getting ready to have her measles jab at All Saints School in Ingleby Barwick, Teesside, England, as a national vaccination catch-up campaign has been launched to curb a rise in measles cases in England. More than a decade ago, British parents refused to give measles shots to at least a million children because of a vaccine scare that raised the specter of autism. Now, health officials are scrambling to catch up and stop a growing epidemic of the contagious disease. (AP Photo/Owen Humphreys, PA) UNITED KINGDOM OUT - NO SALES - NO ARCHIVES The country once had several dozen cases every year. It now ranks second in Europe.


Unclear whether Fed's bond buying has helped economy: Fisher

Federal Reserve Bank of Dallas President Fisher speaks to a breakout group at the Conservative Political Action Conference in National Harbor, Maryland (Reuters) - While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it is unclear whether they are doing enough for the broader U.S. economy, a top central bank official said on Monday. "We've made rich people richer...," Dallas Fed President Richard Fisher said on CNBC television. "Question is what have we done for working men and women in America?" Fisher, who has long opposed the Fed's bond-buying program and wants to reduce it, added he expects real gross domestic product growth of more than 2.5 percent by year end. ...


Nigeria says switching to foreign debt to lower costs

A money dealer counts the Nigerian naira on a machine in his office in the commercial capital of Lagos By Chijioke Ohuocha LAGOS (Reuters) - Nigeria will increase the amount it borrows overseas to around 40 percent of all debt over the next three to five years, from 12 percent currently, to lower its cost of funds, the head of the debt office said on Monday. DMO Director General, Abraham Nwankwo, said he expected Nigeria's debt to GDP ratio to fall to 17 percent over the same period from 21 percent, as Africa's second-biggest economy switches into cheaper foreign debt. ...


Conn. derailment to cause 'greatly slowed' commute

A derailed Metro-North rail car is hoisted back on to the tracks in Bridgeport. Conn. on Sunday, May 19, 2013. Crews will spend days rebuilding 2,000 feet of track, overhead wires and signals following the collision between two trains Friday evening that injured 72 people, Metro-North President Howard Permut said Sunday. (AP Photo/The Connecticut Post,Brian A. Pounds ) MANDATORY CREDIT Connecticut's governor tells commuters to consider staying in NYC if they can get there.


Goldman exits China's ICBC, seven years and billions later

A view of a street is reflected on a glass wall of a building bearing the logo of Industrial and Commercial Bank of China (ICBC) in Beijing April 22, 2013. By Fiona Lau and Elzio Barreto HONG KONG (Reuters) - Goldman Sachs launched on Monday the sale of about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, offering to sell its entire remaining stake in the world's biggest bank by market value. The sale by Goldman would be the final chapter in the Wall Street bank's investment into China's ICBC. Prior to its 2006 IPO, ICBC was a technically insolvent state institution, reeling from the bad loans that saddled China's financial industry. ...


Oil price falls below $96 a barrel

BANGKOK (AP) — The price of oil fell Monday ahead of the release later this week of economic data from the U.S. and China, the world's two largest economies, and a speech by the Federal Reserve chief.

Video: Balloon crash in Turkey kills 1, injures 24

This image from video provided by E. Wayne Ross shows an Anatolian Balloons Company hot air balloon crashing near Göreme National Park and the Rock Sites of Cappadocia in central Turkey, Monday May 20 2013. Two hot air balloons collided in mid-air during a sightseeing tour of volcanic rock formations in Turkey on Monday, causing one of them to crash to the ground, officials said. One Brazilian tourist was killed while 24 other people on board were injured. (AP Photo/E. Wayne Ross) One Brazilian tourist was killed while 24 other people on board were injured.


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