Recovery

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No new funds needed for Okla. tornado recovery

No new funds needed for Okla. tornado recovery
By ANDREW TAYLORAssociated Press WASHINGTON (AP) - Top lawmakers and officials said Tuesday that the federal government has plenty of money on hand to pay for recovery efforts in the wake of the devastating tornado that struck Oklahoma. The government has more than $11 billion in its main disaster

Obama pledges urgent aid to Oklahoma town

Obama pledges urgent aid to Oklahoma town
WASHINGTON (AP) - President Barack Obama pledged urgent government help for Oklahoma Tuesday in the wake of "one of the most destructive" storms in the nation's history. "In an instant, neighborhoods were destroyed, dozens of people lost their lives, many more were injured," Obama said from the

Obama pledges urgent aid to Oklahoma town

Obama pledges urgent aid to Oklahoma town
WASHINGTON (AP) - President Barack Obama pledged urgent government help for Oklahoma Tuesday in the wake of "one of the most destructive" storms in the nation's history. "In an instant, neighborhoods were destroyed, dozens of people lost their lives, many more were injured," Obama said from the

German central bank: Economy to improve 'markedly'

German central bank: Economy to improve 'markedly'
By DAVID McHUGHAP Business Writer FRANKFURT, Germany (AP) - Germany's central bank expects the country's economy to improve "markedly" in the second quarter - a development that could boost the wider eurozone as it struggles to get out of recession. The Bundesbank said Tuesday that Europe

Housing recovery boosts Home Depot 1Q results

Housing recovery boosts Home Depot 1Q results
ATLANTA (AP) - Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery. Its quarterly results topped Wall Street's view and the world's biggest home improvement chain boosted its full-year

Crews race to find survivors of Oklahoma twister

Crews race to find survivors of Oklahoma twister
By NOMAAN MERCHANT and SEAN MURPHYAssociated Press MOORE, Okla. (AP) - Emergency crews searched the broken remnants of an Oklahoma City suburb Tuesday for survivors of a massive tornado that flattened homes and demolished an elementary school. At least 24 people were killed, including at least nine

UPDATE: Disaster Declared For Oklahoma

UPDATE: Disaster Declared For Oklahoma
WASHINGTON (AP) - President Barack Obama has declared a major disaster in Oklahoma as the state recovers from a massive tornado that ripped through the Oklahoma City suburbs Monday, killing at least 51 people and flattening entire neighborhoods. The Oklahoma state medical examiner's

China's Xi will meet Obama earlier than expected

China's Xi will meet Obama earlier than expected
BEIJING (AP) - China's new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than their expected first meeting, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea. The June 7-8 meeting at a retreat

Asian stocks rise on signs of steady US recovery

Asian stocks rise on signs of steady US recovery
By PAMELA SAMPSONAP Business Writer BANGKOK (AP) - Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday. A gauge of future economic activity issued Friday rose more than expected, a sign that the world's biggest economy is improving. Consumer

IMF says Cyprus at risk of even deeper recession

IMF says Cyprus at risk of even deeper recession
By MARJORIE OLSTERAssociated Press WASHINGTON (AP) - The International Monetary Fund said Friday that substantial risks still loom for the Cypriot economy even after a multi-billion dollar international bailout aimed at averting a debt default. A new IMF report predicted a deep recession in Cyprus