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Weak

Chicago Board of Trade › (CBOT:FF.F13)

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Today's Financial News

Cuts in future benefits for public employees floated as Senate GOP ups ante in pension debate

3 hours ago

HARRISBURG, Pa. (AP) — Pennsylvania's cold war over public pensions is heating up as Senate Republicans consider resurrecting a plan to pare future benefits for hundreds of thousands of current state and school employees. "This could give us real savings right now. ... The crisis is here. We need to deal with it," said Corman, who also threatened to withhold the votes to pass a state budget for the fiscal year that starts July 1 unless unspecified pension reforms are approved.

US stocks edge higher after a tough week; oil slumps after a sharp gain the day before

4 hours ago

NEW YORK (AP) — A tough week on the stock market ended quietly Friday. Major indexes notched modest gains, not nearly enough to make up for the four previous days of losses. It wound up being the second-worst week for the market so far this year. The Dow Jones industrial average remains down slightly for 2015, and the Standard & Poor's 500 index is essentially flat.

US economy lost pace in fourth quarter but approaching almost 6 years of steady expansion

4 hours ago

WASHINGTON (AP) — The U.S. economy's tepid performance last quarter — a 2.2 percent annual growth rate — was typical of the economic rebound that began in the summer of 2009. Yet the sluggish pace of the recovery has a silver lining: This growth spurt has proved to be one of the most durable since World War II.

Authorities: Woman pretended to be a lawyer for 10 years, made partner before fraud charges

4 hours ago

PITTSBURGH (AP) — Authorities say a Pennsylvania woman used forged documents to pretend to be a lawyer for a decade and made partner before her fraud was discovered. Forty-five-year-old Kimberly Kitchen, of James Creek, was charged Thursday with forgery and unauthorized practice of law. The attorney general says Kitchen fooled BMZ Law by forging a law license, bar exam results, an email showing she attended Duquesne University law school and a check for a state attorney registration fee.

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