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Court halts Pentagon cloud contract work with Microsoft

By Joseph Pisani, Rachel Lerman, Associated Press

A federal court has ordered the Pentagon to temporarily halt work with Microsoft on a $10 billion military cloud contract that Amazon was initially favored to win.

Virus outbreak blamed for forecast fall in oil demand

By Associated Press

The International Energy Agency expects demand for oil to fall by 435,000 barrels per day in the first quarter as a result of the virus outbreak from China. Any fall would be the first quarterly decline in a decade. The…

McClatchy files for bankruptcy protection

By Michelle Chapman, Associated Press

McClatchy Co.'s 30 newsrooms, including The Charlotte Observer, The News & Observer in Raleigh, and The Star-Telegram in Fort Worth, will continue to operate as usual as the publisher reorganizes under Chapter 11 bankruptcy protection.

The average 401(k) hit a record high last year

By Stan Choe, Associated Press

The average 401(k) balance rose 17% last year to $112,300 from the end of 2018, according to a review of 17.3 million accounts by Fidelity Investments. T…

Argentina and IMF discuss debt in shadow of 2001 crisis

By Christopher Torchia, Debora Rey, Associated Press

This is a big week for one of Latin America's biggest economies, which is hosting an IMF team for talks on restructuring $44 billion in debt owed to the lender.

U.N. names global companies linked to Israeli settlements

By Josef Federman, Jamey Keaten, Associated Press

The list's publication escalates a looming showdown between Israel and the international community over its contentious settlement policies in the West Bank.

Spanish police arrest former oil executive sought by Mexico

By María Verza, Associated Press

Mexico issued international arrest warrants against Lozoya last year as a result of corruption investigations.

Ford recalls over 240,000 vehicles to fix suspension problem

By Associated Press

The recall covers the Ford Flex, Taurus police car, Taurus SHO and Lincoln MKT from the 2013 through 2018 model years.

U.S. on track for first $1 trillion budget deficit since 2012

By Martin Crutsinger, Associated Press

The U.S. budget deficit through the first four months of this budget year is up 19% from the same period a year ago.

U.S. gives Iraq sanctions waiver for vital Iranian gas imports

By Qassim Abdul-Zahra, Samya Kullab, Associated Press

The U.S. had expressed willingness to extend the waiver, which was due to expire this week, officials told The Associated Press, on the condition that Iraq provide a timeline detailing a plan to wean itself off of Iranian gas dependence.