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NY Liffe › (NYLF:MFS.H13.E)


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OXNARD, Calif. (AP) — When Volkswagen opened its gleaming Oxnard, California, pollution testing center in 2012, the German automaker bragged that the air inside was cleaner than in the surrounding strawberry fields. The facility about 60 miles northwest of Los Angeles was built with the help of a $10 million, tax-exempt public bond.

Portuguese government wins re-election despite austerity policies opposed across Europe

12 hours ago

LISBON, Portugal (AP) — Portugal's center-right coalition government earned another four-year term Sunday, winning a general election behind an improving economy that weathered the austerity measures contested across Europe, but falling short of a crucial outright majority in Parliament. The victory was bittersweet, however, as the government failed to achieve a parliamentary majority. That means it will be outnumbered in the 230-seat chamber by left-of-center lawmakers who could block its policy proposals. A period of political instability could ensue, making investors once again nervous about the eurozone's ability to sort out its economic problems.

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NEW YORK (AP) — Members of the Grateful Dead and John Mayer are giving away 10,000 free tickets to a concert next month. The group has partnered with American Express for its music series, "American Express Unstaged," for the sweepstakes. Film director Brett Ratner will direct the concert's livestream from Madison Square Garden.

World Bank trims East Asia growth forecasts on risks from China slowdown, US rate increase

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HONG KONG (AP) — The World Bank on Monday trimmed its growth forecast for developing East Asian economies, reflecting risks from China's slowdown and a looming U.S. interest rate hike. Economic output of the 14-country region that includes China, India, Indonesia and Vietnam expanded by 6.8 percent last year. The forecast excludes Japan and South Korea.

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