SHANGHAI, May 27- Chinese industrial sector profits rose 2.6 percent in April, in their first annual rise since last September, National Bureau of Statistics data showed, in a sign that the central bank's easing measures may finally be filtering into the real economy. Profits were still down 1.3 percent for the year to date, reflecting the extreme weakness of...» Read More
LUXEMBOURG-- A European Union diplomat says Portugal's international creditors have agreed to give the country the next slice of its rescue loans, worth 4.3 billion. The decision was widely expected, even though Portugal has said it would miss the targets laid out in exchange for the 78 billion bailout.
NEW YORK-- Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:. Green Dot Corp., down $2.60 at $10.25. Shares of the prepaid card seller fell after Wal-Mart Stores Inc. and American Express said they will team up to make a rival card.
SAN FRANCISCO-- A California judge has approved a request to suspend public hearings and hold closed-door negotiations on fines to be levied after a deadly natural gas pipeline explosion in a Northern California neighborhood.
NEW YORK-- American Airlines' CEO acknowledges that passengers have had a rough few weeks on the airline but says the carrier is working through its issues. "The operational performance is improving," CEO Tom Horton said in an interview with The Associated Press on Monday. " In that same period Delta, Southwest and U.S. Airways were all above 85 percent.
ECONOMIC DRIFTS: Most commodity prices fell after a forecast of slower growth in China ramped up concerns about the global economy. GLOBAL GLOOM: The World Bank cut its growth forecast for China, citing weak global demand. Meanwhile, European finance ministers met as unrest continued in Greece and Spain over austerity cuts.
HALF MOON BAY, Calif.-- A grower from Oregon is the winner of this year's Half Moon Bay giant pumpkin contest with a gourd weighing in at 1,775 pounds. Forty-five-year-old Thad Starr from Pleasant Hill, Ore., set a contest record with his pumpkin Monday, beating last year's winner by 71 pounds.
TALLAHASSEE, Fla.-- A state-created fund that backs up private insurers in Florida could fall short of the money it needs to pay off hurricane insurance claims if a major storm were to pound the state. Florida created a special fund after Hurricane Andrew caused widespread damage 20 years ago.
SAN ANTONIO-- Cracker Barrel is in an extended fight with its biggest shareholder, Sardar Biglari. In a public letter to Cracker Barrel Old Country Store Inc. on Monday, Biglari, said the restaurant was being misleading when, in a letter to shareholders last week, it referred to chairman-elect Jim Bradford as "a former NYSE company CEO."
NEW YORK-- Fitch Ratings has put Ocwen Financial Corp. on watch for a possible downgrade after the company announced plans to buy Homeward Residential Holdings Inc.. Ocwen is paying $588 million in cash and $162 million in convertible preferred stock for Homeward. Shares of Atlanta- based Ocwen fell 47 cents, or 1.3 percent, to close at $36.28 Monday.
BISMARCK, N.D.-- The tax director of North Dakota's Three Affiliated Tribes says the tribe should get a bigger share of tax revenue from oil that's produced on the reservation. The Fort Berthold reservation is in the heart of North Dakota's booming oil country.
Prices for a wide range of commodities fell Monday after a new forecast of slower growth in China ramped up worries about the global economy. The World Bank's lowered expectation for China was one of three issues that prompted investors to sell riskier assets on a day when volumes were light because of the Columbus Day holiday.
The ruling reverses a lower court's dismissal of Buffalo victim Daniel Williams' complaint. Williams claimed Ohio gun maker Hi-Point and distributor MKS Supply intentionally supplied handguns to irresponsible dealers for profit.
SEATTLE-- Alaska Airlines has fixed the computer problem that delayed flights Monday across its 64- airport network on the West Coast and in Mexico and Canada, and operations slowly were returning to normal. Alaska Airlines said the data connection was restored before 1 p.m. but passengers could still expect some delays as the system adjusted.
Activists joined current and retired Atlanta police Monday for a demonstration and discussion at the home of retired Atlanta police Det. Jaqueline Barber in Fayetteville, south of the city. Representatives of Minneapolis- based U.S. Bank, which is involved in the foreclosure proceedings, did not return phone calls and emails from The Associated Press.
TOPEKA, Kan.-- A Kansas school funding task force heard from a policy analyst Monday who said what matters isn't the amount of money spent on K-12 education but how it's spent. Dave Trabert, president of the Kansas Policy Institute, a conservative, free-market research and advocacy group, told members of the task force appointed by Gov.
PRESCOTT, Ark.-- A roofing products company in Prescott, Ark. is marking the completion of a $36 million expansion and the addition of 100 new jobs. In 2011, the company announced it would close a factory in Kingtree, S.C., and move those jobs to the expanded Prescott plant.
AUSTIN, Texas-- Education leaders in the Texas Senate are holding a hearing on the growing demand for virtual learning statewide. Leticia Van de Putte of San Antonio will serve as acting chairwoman for Monday's hearing, which will include testimony on successful virtual learning programs and analyzing what hinders those not working so well.
SEATTLE-- Alaska Airlines says its computer connections have been restored, and operations are returning to normal at its airport gates. The problem started just before 8 a.m. Monday when the airline lost its connection to the Sabre reservation system because of two cut Sprint fiber optic lines.
WEIRD WEATHER: Spring freezes and a historic drought have stripped some charm from rustic fall destinations, especially in the Midwest, leaving some corn too short to create mazes, orchards with few apples and fall colors muted.
CANTON, Miss.-- A health care company has donated $30,000 to help children in Mississippi stay healthy. The money was donated over the weekend to the Mississippi 4- H club's Eat4-Health campaign. United Healthcare is sponsoring four community events in Jackson, Canton, Belzoni and Clarksdale to promote fitness, nutrition and healthy living.