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Comparison of mass protests in Brazil and Turkey

Comparison of mass protests in Brazil and Turkey

Large-scale protests have engulfed Turkey and Brazil, which are thousands of miles apart, but share some traits such as being new democracies with a growing middle class. Here's a look at the protests in both countries, highlighting the similarities and differences in how they started and developed:

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Stocks drift lower as investors wait for the Fed

Stocks drift lower as investors wait for the Fed

Stocks are drifting lower on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial average was down 10 points, or 0.1 percent, at 15,307 at midday Eastern Daylight Time Wednesday. The Standard & Poor's 500 index was down two points, or

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Bluebird Bio shares rocket higher in trading debut

Bluebird Bio shares rocket higher in trading debut

Shares of gene therapy developer Bluebird Bio Inc. are surging in their trading debut. Its shares climbed $9.15, or 53.8 percent, to $26.15 in morning trading Wednesday after trading as high as $27 earlier in the session. The company's initial public offering of 5.94 million shares had been priced

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Cyprus seeks help from creditors for troubled bank

Cyprus seeks help from creditors for troubled bank

Cyprus' president has warned the country's international creditors that its largest bank's cash reserves are running dangerously low, a problem that could undermine the country's 23 billion euro ($30.8 billion) financial rescue package. In a letter obtained by the Associated Press Wednesday, Nicos

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Sarepta shares up as company updates drug trial

Sarepta shares up as company updates drug trial

Shares of Sarepta Therapeutics Inc. jumped Wednesday, after the drug developer said its lead candidate, a potential treatment for Duchenne muscular dystrophy, continued to help patients in an extended mid-stage trial. THE SPARK: The Cambridge, Mass., company said patients taking the treatment, etepl

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Stocks edge lower as investors wait for the Fed

Stocks edge lower as investors wait for the Fed

Stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial average was down 17 points, or 0.1 percent, at 15,301 in the first few minutes of trading Wednesday. The Standard & Poor's 500 index was d

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Ahead of the Bell: Tetra Tech

Ahead of the Bell: Tetra Tech

Shares of Tetra Tech Inc. are falling sharply in premarket trading Wednesday, a day after the consulting and engineering services company said that it expects a loss in its fiscal third quarter as it absorbs about $95 million in charges. Due to weak demand, it is cutting the size of its eastern Cana

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Obama warns EU over high youth unemployment

Obama warns EU over high youth unemployment

President Barack Obama raised the prospect Wednesday that Europe might need to adjust its economic policies to tackle high youth unemployment and make sure that some countries don't "lose a generation." Obama warned during his visit to Berlin that, while he was confident the euro area's leaders wil

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Fed Suggests Bond Purchases Could Slow

Fed Suggests Bond Purchases Could Slow

The Federal Reserve signaled Wednesday that it's moving closer to slowing its bond-buying program, but stressed that any end would be gradual and not based on specific triggers. (June 19)

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FedEx 4Q profit drops as priority services lag

FedEx 4Q profit drops as priority services lag

FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options. Excluding charges, the results still beat Wall Street expectations. But the company's forecast for the next 12 months was shy of Wall Street forecasts and shares fell in pr

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AP Analysis: Iran president may help shield rulers

AP Analysis: Iran president may help shield rulers

For a lesson in what Hasan Rowhani's reformist-backed presidency could mean for Iran, a promise Sunday by the ultra-powerful Revolutionary Guard to cooperate with him is a good guide. Like the rest of Iran's ruling Islamic establishment, the Guard, which has kept a tight lid on any hints of opposit

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Thailand cuts rice subsidy price after $4.4B loss

Thailand cuts rice subsidy price after $4.4B loss

Thailand will pay farmers 20 percent less for rice to stem losses from a much-criticized subsidy program that dislodged the country from its spot as the world's No. 1 exporter of the grain, a government minister said Wednesday. Cabinet minister Warathep Rattanakorn said the government will pay 12,0

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House to consider cuts to food stamps

House to consider cuts to food stamps

A wide-ranging farm bill the House is considering would cut food stamps by $2 billion a year and make it more difficult for some people to qualify for the domestic food aid program. Passage of the five-year, half-trillion-dollar farm bill could depend on the level of cuts to the $80 billion-a-year

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Japan's trade deficit climbs to $10.5B in May

Japan's trade deficit climbs to $10.5B in May

Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion), highlighting the challenge Prime Minister Shinzo Abe faces in revitalizing manufacturing as industries increasingly shift production offshore. Rising costs for imports due to the cheaper yen matched a 1

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Jamaica eyes expatriates as source of investment

Jamaica eyes expatriates as source of investment

In a bid to kick start Jamaica's chronically stagnant economy, the Caribbean country is wooing its citizens living abroad to invest in the island of their birth. On Tuesday, hundreds of entrepreneurs and other Jamaican expatriates mingled with government officials and local business leaders, brains

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Rural lawmakers push for farm bill votes in House

Rural lawmakers push for farm bill votes in House

Farm-state lawmakers are scrambling to win bipartisan support for a five-year, half-trillion-dollar farm bill on the House floor this week. The legislation would cut $2 billion a year from food stamps while raising subsidies for several crops. Though it has support from rural lawmakers across the p

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Adobe 2Q profit shrinks but subscriptions grow

Adobe 2Q profit shrinks but subscriptions grow

Software maker Adobe Systems Inc. said Tuesday that its profit shrank in the fiscal second quarter, but its Creative Cloud subscriptions kept climbing and its shares advanced in aftermarket trading. The San Jose, Calif., company makes popular software like Adobe Reader and Photoshop. It has been sh

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News Summary: Russell 2000 is oh so close to 1,000

News Summary: Russell 2000 is oh so close to 1,000

ONE DIRECTION: All the major U.S. stock indexes were up Tuesday. Reports of increased home building and low inflation helped boost the market, but the Federal Reserve's Wednesday afternoon news conference was top of mind for many investors. A LONG TIME COMING: Investors want to know more about how l

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House, Senate on diverging paths on agency budgets

House, Senate on diverging paths on agency budgets

Republicans controlling the House unveiled slashing cuts Tuesday to a program that helps localities build community development projects, while their rivals in the Democratic-led Senate proposed to restore GOP cuts to international food aid and nutrition help for pregnant women. An Energy Departmen

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Stocks move higher as traders wait on the Fed

Stocks move higher as traders wait on the Fed

The stock market is closing higher as investors anticipate that the Federal Reserve will keep programs to support the U.S. economy in place. The Dow Jones industrial average rose 138 points, or 0.9 percent, to 15,318 Tuesday. The Standard & Poor's 500 rose 12 points, or 0.8 percent, to 1,651. All 1

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