MINNETONKA, Minn. (AP) — Music megastar Prince was known for throwing parties that stretched into the wee hours of the morning, but his faith and the Bible could also keep him gabbing until sunrise, according to his longtime friend and "spiritual brother," bassist Larry Graham.
WASHINGTON (AP) — Mortgage giant Freddie Mac reported a net loss of $354 million for the first quarter, mostly due to losses it sustained on the investments it uses to hedge against swings in interest rates.
While designing a walking tour of Chicago focused on corruption and political shenanigans, journalist Paul Dailing watched new scandals pop up at a rate that only reinforced the city's reputation for rackets and rough politics. Then, last month, former House Speaker Dennis Hastert was convicted of a financial crime and admitted to sexually abusing high school wrestlers in Chicago's suburbs decades ago.
LONDON (AP) — A weak Chinese manufacturing survey weighed on European markets Tuesday. Australia's stock index was the standout performer after the Australian central bank surprised many in the markets by cutting interest rates.
BRUSSELS (AP) — The European Union has trimmed its economic growth forecasts for the 19 countries that share the euro amid an unpredictable global outlook marked by political uncertainty and weakness in emerging markets.
Pfizer easily beat Wall Street expectations for the first quarter as the biggest U.S. drugmaker's net income jumped 27 percent due to higher sales and a lower tax bill. The company raised its 2016 financial forecasts, citing its strong operational performance in the quarter and an improved business outlook.