US economy shrank at 0.7 percent rate in first quarter

FILE - In this April 27, 2015 file photo, rodbusters install rebar on the new Comcast Innovation and Technology Center under construction, in Philadelphia. The Commerce Department releases first-quarter gross domestic product on Friday, May 29, 2015. (AP Photo/Matt Rourke, File)

WASHINGTON (AP) — The U.S. economy went into reverse in the first three months of this year as a severe winter and a widening trade deficit took a harsher toll than initially estimated.

Ruble rebound threatens ‘Made in Russia’ industry revival

In this photo taken on Friday, May 22, 2015, Stanislav Obraztsov, left, speaks to his colleagues at his craft beer bar in Moscow. The rubles crash in value against the dollar last year helped Russias nascent craft beer industry by making imported competitors more expensive. (AP Photo/Alexander Zemlianichenko)

MOSCOW (AP) — Russia’s ruble is on a roller-coaster. After being the world’s second worst-performing currency against the dollar last year, it is among the best in 2015.

Google unveils Android’s latest technological tricks

David Singleton, director at Android Wear, speaks during the Google I/O 2015 keynote presentation in San Francisco, Thursday, May 28, 2015. (AP Photo/Jeff Chiu)

SAN FRANCISCO (AP) — Google’s next version of its Android operating system will boast new ways to fetch information, pay merchants and protect privacy on mobile devices as the Internet company duels with Apple in the quest to make their technology indispensable.

Greece still weighs on markets as China stocks see-saw again

FILE - This Monday, July 15, 2013 file photo shows the American flag and Wall Street street sign outside the New York Stock Exchange, in New York. Stocks are moderately lower in early trading Thursday, May 28, 2015, a day after the Nasdaq composite closed at a record high. (AP Photo/Mark Lennihan, File)

LONDON (AP) — Ongoing uncertainty over the state of Greek bailout talks and further market volatility in China kept stocks in check on Friday.

Vatican’s anti-money laundering norms taking hold

Rene Bruelhart, president of the Financial Information Authority, an institution created by Emeritus Benedict XVI in 2010 as a key part of an overall bid to clean up the Vatican's financial house to comply with international anti-money laundering and anti-terror financing norms, right, and Tommaso Di Ruzza, director of the Financial Information Authority, pose for photographers at the end of a press conference at the Vatican, Friday, May 29, 2015. The Vatican's financial watchdog agency said Friday it received 147 reports of suspicious financial transactions last year, a sign that tough new anti-money laundering norms are taking hold at its scandal-marred bank. (AP Photo/Alessandra Tarantino)

VATICAN CITY (AP) — The Vatican’s financial watchdog agency said Friday it received 147 reports of suspicious financial transactions last year, a sign that tough new anti-money laundering norms are taking hold at its scandal-marred bank.

Wisconsin governor: Obama power plant rule ‘unworkable’

FILE - In this May 18, 2015, file photo, Wisconsin Gov. Scott Walker speaks to the American Federation For Children in New Orleans. Walker, a Republican eyeing a presidential run in 2016, says President Barack Obamas plan to reduce pollution from coal-fired power plants is unworkable. (AP Photo/Gerald Herbert, File)

WASHINGTON (AP) — Wisconsin Gov. Scott Walker, a Republican eyeing a presidential run in 2016, says President Barack Obama’s plan to reduce pollution from coal-fired power plants is “unworkable.”

The top 10 highest-paid female CEOs

In this Feb. 19, 2015 photo, Yahoo President and CEO Marissa Mayer delivers the keynote address at the first-ever Yahoo Mobile Developer's Conference, in San Francisco. Mayer was the highest paid female CEO in 2014, according to a study carried out by executive compensation data firm Equilar and The Associated Press. (AP Photo/Eric Risberg)

NEW YORK (AP) — Female CEOs are outpacing their male colleagues in pay, although they remain vastly outnumbered in the top echelons of American companies.

Pending US home sales jump to strongest level in 9 years

FILE - In this Thursday, Jan. 8, 2015 file photo, a "sale pending" sign is posted atop a realty sign in front of a home in Surfside, Fla. The National Association of Realtors releases its January report on pending home sales, which are seen as a barometer of future purchases, on Thursday, May 28, 2015. (AP Photo/Wilfredo Lee, File)

WASHINGTON (AP) — Americans signed contracts to buy homes in April at the fastest pace in nearly nine years, evidence that steady job growth is strengthening the real estate market.

Croatian dilemma: Oil in the Adriatic, or tourism

This Oct. 4, 2014 photo shows the Dubrovnik old town from a hill. Despite surging opposition to pumping crude in the waters of one of Europe's fastest-growing summer travel destinations, the Croatian government is determined to boost the state's poor finances by offering several exploration licenses to foreign energy companies. (AP Photo/Darko Bandic)

MEDULIN, Croatia (AP) — Peter Fries has been coming to Croatia for years after falling in love with its pristine coastline, fresh seafood, mellow wine and friendly hosts.

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