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Thursday, May 23, 2013 | 5:26 p.m.

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Stocks edge lower as investors reassess Fed fears

Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted in part by an unexpectedly weak report on manufacturing in China. Concern that the Federal Reserve might ease ...

Trader John Panin, second left, adjusts his glasses as he works on the floor of the New York Stock Exchange Thursday, May 23, 2013. A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program. (AP Photo/Richard Drew)

Stocks edge lower as investors reassess Fed fears

Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower. U.S. markets plummeted immediately after the opening bell Thursday following a global slump prompted in part by an unexpectedly weak report on manufacturing in China. Concern that the Federal Reserve might ease ...

Former Washington County Judge Paul Pozonsky heads into Washington County Court in Washington, Pa. on Thursday, May 23, 2013. Online court records say Pozonsky was arraigned on 15 counts including theft and obstructing the administration of law. Pozonsky was a Washington County Common Pleas judge when he announced in June of 2012 that he would retire the next day, after 15 years on the bench. (AP Photo/Observer Reporter-Katie Toupe)

Defense: Ex-Pa. judge cooperating in coke case

A western Pennsylvania judge who abruptly resigned last year was charged Thursday with stealing cocaine from evidence in cases before him, and his attorney said the former jurist is cooperating with the investigation. State police filed the charges against former Washington County Judge Paul Pozonsky as part of a state ...

JPMorgan Chase promoting Sommers

JPMorgan Chase is promoting Barry Sommers to CEO of its consumer bank. He replaces Ryan McInerney, who is leaving the company to become Visa Inc.'s president. Sommers previously served as CEO of Chase Wealth Management, which is part of the consumer banking business that he will now lead. Sommers will ...

President Barack Obama and first lady Michelle Obama watch as singer-songwriter Carole King performs after being presented the Library of Congress Gershwin Prize for Popular Song during an East Room concert honoring King Wednesday, May 22, 2013, at the White House in Washington. (AP Photo/Jacquelyn Martin)

Between economy and trouble, Obama approval steady

The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way. He's getting no significant uptick in approval from gains in housing, jobs and the stock market. Likewise, he has so far seen no downtick from the recent storms over ...

Shipping company expands, adding 30 jobs in SC

The Mediterranean Shipping Company is adding 30 jobs at its location in Mount Pleasant. The shipping industry giant is investing almost $2 million in the process. The expansion includes new equipment for a data center and the purchase of new property to create a training center for the company's workers ...

CEO raises, pay cuts; What a change 1 year makes

Here's a look at the CEOs that received the biggest raises and the biggest pay cuts in 2012 compared with 2011, as calculated by the executive pay research firm Equilar and The Associated Press. Whose pay rose the most: 1. Ronald Havner Jr., Public Storage, $15.4 million, up 456 percent ...

FILE - In this Tuesday, Sept. 12, 2006, file photo, Leslie Moonves, left, president and chief executive officer of CBS, talks with PBS host Charlie Rose in Beverly Hills, Calif.Making $60.3 million in 2012, Moonves was the highest paid CEO of 2012. (AP Photo/Reed Saxon)

Top 50 highest-paid CEOs

A look at the 50 highest-paid CEOs of 2012, as calculated by executive pay research firm Equilar. 1. Leslie Moonves, CBS, $60.3 million, down 12 percent 2. David Zaslav, Discovery Communications, $49.9 million, down 5 percent 3. Bob Iger, Disney, $37.1 million, up 18 percent 4. Philippe Dauman, Viacom, $33.4 ...

Unum executive to retire; company raises dividend

Unum Group said Thursday that one of its top executives will depart the insurance company. The company said that Kevin McCarthy, chief operating officer of the company and CEO of its Unum US operating unit, plans to retire in the first quarter of 2014. He is stepping down from his ...

KeyCorp names Donald Kimble as its CFO

KeyCorp has named Donald R. Kimble as its new chief financial officer. The parent of KeyBank, which is based in Cleveland, announced earlier this month that Jeffrey Weeden planned to retire from the role. Kimble previously served as CFO at Huntington Bancshares Inc. As CFO for KeyCorp., Kimble will be ...

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