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Economy

New York Fed chief on defensive on bank oversight

WASHINGTON (AP) — The head of the New York Federal Reserve was put on the defensive by Senate Democrats, who accused the Fed of being too close to the big banks it is charged with regulating. (...)

China rate cut gives markets a big boost

LONDON (AP) — A surprise interest rate cut in China and another hint by the head of the European Central Bank that further stimulus is possible sent stock markets soaring Friday. (...)

Global stocks mostly higher, yen rises

SEOUL, South Korea (AP) — Global stock markets turned mostly higher Friday as they juggled positive U.S. economic news and weakness in Europe, China and Japan. The yen rose against the dollar after Japan's finance minister said it had fallen too fast recently. (...)

Business Markets

US stocks gain on stimulus moves in China, Europe

Investors sent stocks higher in afternoon trading Friday, cheering news of an interest rate cut in China and the possibility that Europe's central bank will step up stimulus efforts in the region. The rally had the Dow Jones industrial average and Standard & Poor's 500 index on pace to extend their record highs from a day earlier. (...)

Global stocks mostly higher, yen rises

SEOUL, South Korea (AP) — Global stock markets turned mostly higher Friday as they juggled positive U.S. economic news and weakness in Europe, China and Japan. The yen rose against the dollar after Japan's finance minister said it had fallen too fast recently. (...)

China rate cut gives markets a big boost

LONDON (AP) — A surprise interest rate cut in China and another hint by the head of the European Central Bank that further stimulus is possible sent stock markets soaring Friday. (...)

US stocks jump after surprise rate cut from China

Major stock indexes moved higher in morning trading Friday as traders welcomed news of an interest rate cut in China and the possibility that Europe's central bank will increase its efforts to stimulate economic growth in the region. Investors also pored over a mixed bag of corporate earnings. (...)

US stocks gain on stimulus moves in China, Europe

Investors sent stocks higher in afternoon trading Friday, cheering news of an interest rate cut in China and the possibility that Europe's central bank will step up stimulus efforts in the region. The rally had the Dow Jones industrial average and Standard & Poor's 500 index on pace to extend their record highs from a day earlier. (...)

US stocks jump after surprise rate cut from China

U.S. stocks rose in midday trading Friday, on pace to extend their record highs from a day earlier. News of an interest rate cut in China and the possibility that Europe's central bank will do more to stimulate economic growth drove the rally. Investors also pored over a mixed bag of corporate earnings. (...)

Business News

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Sports Headlines

Scott 4 strokes behind at Australian Masters

MELBOURNE, Australia (AP) — Adam Scott moved in the right direction Saturday at the Australian Masters, shooting a 1-under 71 to pull to within four strokes of the lead as he attempts to win the tournament for the third consecutive year. (...)

France levels tie against Switzerland in Davis Cup

LILLE, France (AP) — Roger Federer's valiant attempt to shake off a back injury backfired spectacularly when the Swiss 17-time Grand Slam champion was swept aside by Gael Monfils Friday as France leveled the Davis Cup final at 1-1 on Friday. (...)

Ibanez, Cash, Wakamatsu finalists to manage Rays

ST. PETERSBURG, Fla. (AP) — Raul Ibanez, Kevin Cash and Don Wakamatsu are the finalists to replace Joe Maddon as manager of the Tampa Bay Rays. (...)

Woods to work with Dallas-based teacher

NAPLES, Fla. (AP) — Tiger Woods is getting some help for his swing as he prepares to return to competition. (...)

Wawrinka puts Switzerland ahead of France in final

LILLE, France (AP) — Australian Open champion Stan Wawrinka defeated Jo-Wilfried Tsonga 6-1, 3-6, 6-3, 6-2 to give Switzerland a 1-0 lead against France in the Davis Cup final. (...)

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