WASHINGTON - The economy likely contracted in the first quarter as it buckled under the weight of unusually heavy snowfalls and a resurgent dollar, but activity since has rebounded modestly. Full Article
LONDON - The dollar inched higher on Friday, putting it on track for a monthly rise in May, while Chinese shares steadied after a plunge a day earlier that stoked concerns about the financial health of the world's second largest economy.
HONG KONG/MANILA - Little noticed in the heated debate over the potential military use of China's holdings in the South China sea is a growing civilian presence across the region - a trend that potentially complicates any future armed conflict. Full Article
CHICAGO - Former House of Representatives Speaker Dennis Hastert was indicted on federal charges, including for lying to the FBI relating to an alleged effort to hide $3.5 million in payments he was making to a person to conceal past misconduct. Full Article
Nearly a year after embarking on a multi-million dollar quest to solve one of aviation's greatest unsolved mysteries, authorities and search teams are being criticized over their approach to finding Flight MH370 in the remote southern Indian Ocean.