NEW YORK (AP) - U.S. stocks sank in afternoon trading Friday following a report that the economy shrank in the first three months of the year. The revised data showed that gross domestic product contracted 0.7 percent in the first quarter. That was worse than the government's initial estimate of growth of 0.2 percent.
WASHINGTON (AP) - The Obama administration is proposing to reduce the overall amount of ethanol blended in the nation's gasoline in coming years, a blow to renewable fuel companies that have pushed to keep high volumes of their product flowing into drivers' gas tanks.
MAYPORT NAVAL STATION, Fla. (AP) - A second submariner pleaded guilty Wednesday to sharing videos of female officers undressing for a shower, continuing a case that a prosecutor calls a "black eye" for the Navy's integration of women into the nation's sub fleet.