U.S. stocks opened sharply lower following steep market declines all around the world as concerns about global economic weakness intensified.
Bank stocks were hit hard Thursday as investors worried that interest rates in the U.S. and elsewhere would remain low. Citigroup and Bank of America both dropped 5 percent. Oil prices fell below $27 for the second time this year and dragged down shares of energy companies.
CLEVELAND (AP) — The city of Cleveland is asking Tamir Rice's estate to pay $500 for ambulance and medical services he received after being shot by a police officer.
The city requested the money as the 12-year-old boy's "last dying expense" in a creditor's claim filed Wednesday in Cuyahoga (ky-uh-HOH'-guh) County Probate Court. The claim states the money is overdue.
A Rice family attorney calls the claim "callous and insensitive."
ALBANY, N.Y. (AP) — Federal and state authorities have reached a $3.2 billion settlement with Morgan Stanley over bank practices that contributed to the 2008 financial crisis including misrepresentations about the value of mortgage-backed securities.
The nationwide settlement, negotiated by the working group appointed by President Barack Obama in 2012, says the bank acknowledges that it increased the acceptable risk levels for mortgage loans pooled and sold to investors...
MADISON, Wis. (AP) — A psychologist says a Wisconsin man charged with trying to join the Islamic State militant group is competent to stand trial.
A federal magistrate in Madison has given Joshua Van Haften's lawyer two weeks to contest the finding. Van Haften was charged last April with trying to cross from Turkey to Syria to join the group. The Madison native was arrested by Turkish authorities, released and taken into custody in Chicago where he underwent the mental...
CHICAGO (AP) — Chicago police believe three knives or other weapons with blades were used to kill five of six family members whose bodies were found last week in their home on the city's Southwest Side.
Chicago police spokesman Anthony Guglielmi (goo-lee-EHL'-mee) said Wednesday that investigators believe the weapons were either knives or other cutting instruments. The victims found Feb. 4 were two boys, ages 13 and 10, two women and two men.
ABINGDON, Md. (AP) — The son of a gunman who fatally shot two Maryland sheriff's deputies before he was killed in a shootout says his father was a heavy drinker with emotional problems, but never spoke poorly of police.
Jeremy Evans told WBAL-TV he believes his father, 68-year-old David Brian Evans, thought he'd spend the rest of his life behind bars and decided to get away.
Sheriff Jeffrey Gahler says David Evans, who had warrants for his arrest,...