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Europe closes lower, Spanish, Greek stocks tumble

European equities closed lower on Monday amid low volumes, with a number of markets shut for the holiday weekend.
Source: CNBC.com | By: Jenny Cosgrave
Company lowers worst-case scenario for California oil spill

GOLETA, Calif.- Plains All American Pipeline is downgrading the amount of oil it says spilled off a California coastline in a worst-case scenario. Plains All American is still cleaning up the spill along the Santa Barbara County coastline and recovering oil from the pipeline so the calculations aren't final. The Coast Guard said Monday that the spill has killed...
Source: The Associated Press
Military benefits give veterans a head start

The Post-9/11 GI Bill and other programs offer veterans financial benefits to assist with their transition back to civilian life.
Source: CNBC.com | By: Sharon Epperson
In Rhode Island, residents gush about paid family leave

Rhode Island last year began allowing workers to take up to four weeks of paid leave. "It was just such a stress reliever, knowing there was going to be money to help us pay the bills," said Quirk, who gushed about the program to Obama when he visited Rhode Island in October. About 5,000 people have taken paid family leave in Rhode Island so far.
Source: The Associated Press | By: By JENNIFER McDERMOTT, Associated Press
UPDATE 2-S.Africa's Famous Brands to enter Ghana, earnings up

JOHANNESBURG, May 25- South African fast-food restaurant group Famous Brands plans to enter Ghana this year as part of its drive to grow beyond a domestic market held back by high unemployment and sharply rising electricity costs. However the company, which runs Steers, Debonairs Pizza and Wimpy restaurants, said on Monday it was pulling out of India less than...
Source: Reuters | By: TJ Strydom
UPDATE 1-INSIGHT-Stalling economy hurts Turkey's AK Party ahead of election

*Weakened AKP under attack over economy. ISTANBUL, May 25- Murat Dalga stands in a shop filled with everything but customers and swears he won't be voting for Turkey's ruling AK Party this time around. That has given the opposition a new line of attack and highlights the difficulties a weakened AKP will face after the June 7 polls, when it will need to bring in overdue...
Source: Reuters | By: David Dolan and Asli Kandemir
Once vilified, BP now getting credit for gulf tourism boom

ORANGE BEACH, Ala.- With the Memorial Day holiday just around the corner, fallout from the oil spill that left Gulf Coast beaches smeared with gooey tar balls and scared away visitors in 2010 is being credited, oddly, with something no one imagined back then: An increase in tourism in the region. Questions remain about the long-term environmental impacts of the BP...
Source: The Associated Press | By: By JAY REEVES, Associated Press
Dollar back in vogue on CPI boost, Yellen's comments

The dollar hit a one-month high against a basket of major currencies after stronger-than-expected underlying U.S. inflation bolstered the Fed's case for a rate hike.
Source: Reuters
FEATURE-Truckers' secret to fuel efficiency: take it easy

EAST DUBUQUE, Illinois, May 25- Mario Enriquez says there's no real trick to getting great fuel mileage in a big truck. Enriquez averaged 9.74 miles per gallon from February to April in an International ProStar made by Navistar International Corp. For that, his employer, Mesilla Valley Transportation, awarded him a Nissan Versa compact car.
Source: Reuters | By: Nick Carey
FEATURE-Eyeing the next frontier, Miami law firms ramp up Cuba strategy

MIAMI, May 25- The Florida Bar is sending its first ever delegation of lawyers to Cuba this week to explore emerging new business opportunities as prospects heat up for closer political and commercial relations between the United States and the Communist-run island. Some big law firms with Miami offices, often staffed by Cuban-American exiles, are already...
Source: Reuters | By: David Adams