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- By Barbara Kollmeyer, MarketWatch , Biman Mukherji Oil prices slumped anew on Monday, with investors nervous about the prospect of major oil producers such as Russia and Saudi Arabia boos...
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Italian economist to meet president amid political crisis
(Fabio Frustaci - ANSA via AP)
From Associated Press
May 28, 2018 4:12 AM EST

ROME (AP) — Italy's president invited economist Carlo Cottarelli to the presidential palace on Monday amid speculation he would ask the former International Monetary Fund official to form a technical government following the collapse of what would have been Western Europe's first populist government.

HONG KONG (AP) — European and Asian shares were mostly higher Monday as investors digested the latest developments regarding North Korea and Italian politics.

WELLINGTON, New Zealand (AP) — New Zealand plans to slaughter about 150,000 cows as it tries to eradicate a strain of disease-causing bacteria from the national herd.

GENEVA (AP) — Insurance company Swiss Re and Softbank have agreed to end discussions about a potential minority investment by the Japanese technology conglomerate.

SAN FRANCISCO (AP) — A major tobacco company is pumping millions of dollars into a campaign to persuade San Francisco voters to reject a ban on selling flavored tobacco products, including menthol cigarettes, certain chewing tobaccos and vaping liquids with flavors like cotton candy, mango and cool cucumber.

HONOLULU (AP) — Farmers on the Hawaiian island of Kauai say their state should brace for a shortage of its taro crop, a staple of the traditional Hawaiian diet, after record-breaking rains flooded their fields.

WASHINGTON (AP) — President Donald Trump has warned Congress that he will never sign another foot-tall, $1 trillion-plus government-wide spending bill like the one he did in March.

HONG KONG (AP) — Shares were mostly higher in Asia on Monday as investors digested the latest developments regarding North Korea and Italian politics.

NEW YORK (AP) — In the largest disturbance yet in Disney's otherwise lucrative reign over "Star Wars," the Han Solo spinoff "Solo: A Star Wars Story" opened well below expectations with a franchise-low $83.3 million in ticket sales over the three-day weekend in North American theaters.

PHIPPSBURG, Maine (AP) — Frustrated by red tape and visa limits on foreign workers, tourism businesses from Maine to Missouri are turning to Puerto Ricans who are fleeing a shattered economy and devastation caused by Hurricane Maria.

LONDON (AP) — British meteorologists said thousands of lightning strikes hit the U.K. during a powerful overnight thunderstorm, and a London-area airport reported flight disruptions Sunday after an aircraft refueling system was damaged.

DETROIT (AP) — The last train left Michigan Central Station 30 years ago and it has stood vacant ever since, a hulking embodiment of Detroit's long decline from America's manufacturing engine to its biggest municipal bankruptcy.

WASHINGTON (AP) — A federal court has ruled that the Education Department violated privacy laws with regard to students defrauded by the Corinthian for-profit college chain.

SALT LAKE CITY (AP) — A Tesla that crashed while in Autopilot mode in Utah this month accelerated in the seconds before it smashed into a stopped firetruck, according to a police report obtained by The Associated Press.

PORTLAND, Maine (AP) — A buyer with a penchant for vintage denim has plunked down nearly $100,000 for a pair of truly vintage jeans that come from the American Old West.

WASHINGTON (AP) — Newly released emails show senior Environmental Protection Agency officials working closely with a conservative group that dismisses climate change to rally like-minded people for public hearings on science and global warming, counter negative news coverage and promote Administrator Scott Pruitt's stewardship of the agency.

WASHINGTON (AP) — Senior Environmental Protection Agency officials have been working closely with a conservative group that dismisses climate change to rally like-minded people for public hearings on science and global warming.

NEW YORK (AP) — Revelations that an Amazon Echo smart speaker inadvertently sent a family's private conversation to an acquaintance highlights some unexpected risks of new voice-enabled technologies.

WASHINGTON (AP) — President Donald Trump on Friday signed a trio of executive orders to overhaul the federal bureaucracy by making it easier to fire federal workers for poor performance and misconduct, requiring that departments and agencies negotiate better union contracts and limiting the amount of time certain federal workers can spend on union business.

WASHINGTON (AP) — The Trump administration has told Congress that it's reached a deal that would allow Chinese telecommunications giant ZTE Corp.

BILLINGS, Mont. (AP) — A gold exploration proposal near Yellowstone National Park faced a significant setback as a judge blamed Montana officials for understating the potential for mining to harm land, water and wildlife.

NEW YORK (AP) — Chief executives at the biggest public companies got an 8.5 percent raise last year, bringing the median pay package for CEOs to $11.7 million.

SACRAMENTO, Calif. (AP) — A proposal to create government price controls in California for surgeries, hospital stays, doctor visits and other health care services died Friday when it failed to clear a key committee, but the author says he plans to bring it back next year.

BOGOTA, Colombia (AP) — Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election, as the embattled socialist leader takes the country down an increasingly authoritarian path that scares off private investment and leads to more international sanctions against his government.

ANCHORAGE, Alaska (AP) — An international agency that sets standards for marine safety has approved two-way shipping routes into the Arctic Ocean through the Bering Strait.