By Gary Robertson RICHMOND Va. (Reuters) - A banker was to resume testimony on Wednesday in the federal corruption trial of former Virginia Governor Robert McDonnell and his wife, Maureen. William Sessoms Jr., the president of Towne Financial Services, testified on Tuesday that McDonnell had dozens of late fees on loans he had taken out with the bank for rental properties he and his sister owned in the Virginia Beach area. Sessoms, who is also the mayor of Virginia Beach, was testifying about McDonnell's application to refinance a loan on one of the two properties. McDonnell, a Republican, and his wife face 14 counts of corruption and bribery in connection with allegedly accepting $165,000 in loans and gifts from Jonnie Williams Sr., the former chief executive of a dietary supplement company now called Rock Creek Pharmaceuticals Inc. The McDonnells are alleged to have accepted the gifts and money in exchange for promoting Williams' products.
The body of a 62-year-old American woman was found stuffed inside a suitcase on the Indonesian resort island of Bali, and authorities on Wednesday arrested her daughter and her daughter's boyfriend in relation to the death, police said.
Macy's Inc. (M) on Wednesday reported a 4 percent increase in earnings in its fiscal second quarter as business rebounded from slow sales earlier in the year. But Macy's cut its full-year outlook for a ...
NEW YORK (AP) — Bright red police leaflets warning Times Square tourists that photos with costumed characters are free, and tipping is optional, are taking a bite out of the bottom line for the many Elmos, Mickey Mouses, SpongeBobs and Statues of Liberty who dress up to help make ends meet.
The Commerce Department releases retail sales data for July. The report will come out Wednesday at 8:30 a.m. Eastern. SALES STEADY?: Economists forecast that retail sales rose 0.3 percent last month, according ...
MIAMI (AP) — Pop singer Justin Bieber will plead guilty to lesser charges over his arrest in South Florida in what police initially described as an illegal street race, two people involved in the case told The Associated Press.
GRANTS PASS, Ore. (AP) — Oregon Gov. John Kitzhaber has authorized the state fire marshal to send structural firefighters and equipment to help local fire crews battle a new wildfire that is threatening more than 130 homes in southern Oregon's Jackson County.