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US wealth gap putting the squeeze on state revenue 09/15/2014 04:52pm • JOSH BOAK AP Economics Writer WASHINGTON (AP) -- Income inequality is taking a toll on state governments.The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard & Poor's.Even as i Where things stand with Detroit's bankruptcy plan 09/15/2014 03:00pm • The Associated Press DETROIT (AP) -- More than a year after Detroit filed for the largest public bankruptcy in U.S. history, a federal judge is hearing evidence on whether he should approve the city's plan to emerge from billions of dollars in debt. Here's a look at the past, present and future of ZF buying TRW Automotive for about $11.74B 09/15/2014 02:48pm • LIVONIA, Mich. (AP) -- German automotive transmission maker ZF Friedrichshafen AG is buying Michigan-based TRW Automotive for $11.74 billion, a move that creates the world's second-largest auto supplier.The deal, with a total value of about $13.5 billion including the assumption of TRW's debt, gives Detroit bankruptcy trial resumes after settlement 09/15/2014 01:03pm • ED WHITE Associated Press DETROIT (AP) -- A judge refused to extend a timeout Monday in Detroit's bankruptcy trial after a deal with a major creditor removed another opponent from the city's plan to exit the largest Chapter 9 case in U.S. history.A bond insurer, Financial Guaranty Insurance, said it Cognizant buying TriZetto for $2.7 billion 09/15/2014 10:30am • TEANECK, N.J. (AP) -- Cognizant will buy the health care software company TriZetto for $2.7 billion in cash.Privately held TriZetto Corp. is based in Englewood, Colorado. The company and its 3,700 workers will join Cognizant's existing health care information technology business, the company said Mo Scottish independence could mean messy divorce 09/15/2014 06:20am • JILL LAWLESS Associated Press LONDON (AP) -- How do you divorce after a 300-year union? It's complicated, and there is a deadline.If Scots vote yes to separation on Thursday, a clock starts ticking down to March 24, 2016 -- the independence day declared by the Scottish government.The British and Sco 401(k) Plans 101: A Guide to Saving for Retirement 09/15/2014 12:00am • If you're like many recent college graduates, thinking about retirement is probably the last thing on your mind. But the truth is, it's never too early to start saving for your golden years. The sooner you begin contributing to accounts like a 401(k), the more secure and comfortable your retiremen Portfolio Analysis: A $960,598 Trust Dragged Down by Cost 09/15/2014 12:00am • Deciding how to invest inherited money can be difficult. It's hard to make the right investment choices when emotions are running high. So what do we do? Do we stick with the same investments we inherited or do we go with something else? If our relative was already working with a financial advisor Power shift expected in Swedish election 09/14/2014 01:18pm • KARL RITTER Associated Press STOCKHOLM (AP) -- Sweden's parliamentary election opened Sunday with polls showing the left-leaning Social Democrats poised to return to power after eight years of center-right rule.That would be a return to normalcy in Swedish politics because the Social Democrats -- wh Incheon touts Asian Games amid worries over costs 09/14/2014 02:46am • KIM TONG-HYUNG Associated press SEOUL, South Korea (AP) -- As the port city of Incheon prepares to host the Asian Games, some are worried about what happens when the party leaves town.Aside from looming potential debt, the games will also double as an expensive rehearsal for the 2018 Winter Olympics Arizona candidate gives GOP's weekly radio address 09/13/2014 05:30pm • PHOENIX (AP) -- Arizona congressional candidate Andy Tobin said Saturday that rural Arizona and parts of the country have been forgotten by Washington.Tobin made the remarks while delivering the Republican national radio address from Picacho Peak, a prominent landmark in Arizona's 1st Congressional Stocks decline amid interest rate worries 09/13/2014 12:26pm • STEVE ROTHWELL AP Market Writers NEW YORK (AP) -- The prospect of rising interest rates sent the stock market to its first weekly loss since early August.The Standard & Poor's 500 index fell 11.91 points, or 0.6 percent, to end at 1,985.54 on Friday. The index was down 1.1 percent for the week.Decli Problems seen with new Argentine debt payment law 09/12/2014 08:40pm • ALMUDENA CALATRAVA Associated Press BUENOS AIRES, Argentina (AP) -- A law designed to restructure Argentina's debt and sidestep a U.S. court ruling that pushed the government into default could be difficult to apply and worsen the country's frail economy, analysts say.Argentina's congress approved t US sanctions target key Russia economic sectors 09/12/2014 04:20pm • JULIE PACE AP White House Correspondent WASHINGTON (AP) -- The United States hit Russia Friday with a new round of economic sanctions, levying penalties on Russia's largest bank and expanding financing restrictions on major energy and defense companies.The sanctions were imposed in coordination with Greece makes further progress on budget front 09/12/2014 03:00pm • DEREK GATOPOULOS Associated Press ATHENS, Greece (AP) -- Greece has made its second successful return to the bond markets as the government revealed Friday that it was beating a key bailout budget target -- and by a big margin.The developments provide further evidence that Greece is slowly weaning i