Business and Financial News

Stronger dollar, weak economic data pummels stocks

By SARA LEPRO and TIM PARADIS

Associated Press

NEW YORK -- Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.

Major indexes tumbled about 1 percent, including the D ...

STIMULUS WATCH: Did White House overplay job data?

By MATT APUZZO

Associated Press

WASHINGTON -- The government watchdog overseeing economic stimulus spending said Thursday that, in its rush to take credit for saving hundreds of thousands of jobs, the Obama administration was overly confide ...

Gov't: Dismiss some counts in slaughterhouse case

By NIGEL DUARA

Associated Press

IOWA CITY, Iowa -- Prosecutors sought on Thursday to dismiss all 72 immigration charges against the former manager of a kosher slaughterhouse in Iowa after his conviction on financial fraud charges.

The ...

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