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U.S. jury convicts former Mozambique’s finance minister Manuel Chang

NEW YORK (AP) — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a financial conspiracy case that welled up from from his country’s “ tuna bond “ scandal and swept into a U.S. court. A federal jury in New York delivered the verdict. Chang was accused of accepting payoffs to put his African nation secretly on the hook for big loans to government-controlled companies for tuna fishing ships and other maritime projects. The loans were plundered by bribes and kickbacks, according to prosecutors, and Mozambique ended up with $2 billion in “hidden debt,” ...

Wall Street calms down as stocks bounce back

NEW YORK (AP) — A rising tide swept stocks higher, and calm returned to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 climbed 1% to break a brutal three-day losing streak. It had tumbled a bit more than ...

Energy Department awards $2.2B to strengthen the electrical grid and add clean power

(AP) — The Department of Energy on Tuesday announced $2.2 billion in funding for eight projects across 18 states to strengthen the electrical grid against increasing extreme weather, advance the transition to cleaner electricity and meet a growing demand for power. The money will help build more than 600 miles of new transmission lines and upgrade about 400 miles of existing lines so that they can carry more current. Energy Secretary Jennifer Granholm said the funding is important because extreme weather events fueled by climate change are increasing, damaging towers and bringing ...

FDA warns about more ground cinnamon tainted with lead

(AP) — U.S. health officials are warning that several types of ground cinnamon sold at certain discount and specialty grocery stores are contaminated with high levels of lead and should be discarded. The Food and Drug Administration has issued its third alert this year, adding at least 10 ...

Dozens of Maine waterfront businesses get money to rebuild from winter storms

PORTLAND, Maine (AP) — Maine is providing more than $21 million in grants to help dozens of waterfront communities rebuild from a series of devastating storms this past winter. The storms brought flooding, damage and power outages to the Northeast, and were particularly damaging to coastal areas in Maine that support industries such as shipping and commercial fishing. State officials tallied about $70 million in damage. Sixty-eight working waterfronts in Maine will share from a pool of $21.2 million in grants, Democratic Gov. Janet Mills said on Monday. The money is part of $60 ...