Darron Marcelin

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MasterCard 1Q profits rise 17 percent

NEW YORK (AP) — Credit and debit card payment processor MasterCard said its profit rose 17 percent in the first quarter, as consumers across the globe spent more on their MasterCards.<p>The Purchase, New York-based company reported net income of $1.02 billion, up from $870 million a year earlier. On a …

Oil

Nokia buys Alcatel-Lucent for $16.6 billion

HELSINKI — Nokia confirmed Wednesday it is acquiring the ailing French telecom company Alcatel-Lucent through a public exchange offer in France and …

Cubans hail removal from U.S. terrorism list

Cuban officials and ordinary citizens alike hailed the island's removal from the U.S. list of state sponsors of terrorism, saying the move by President Barack Obama heals a decades-old insult to national pride and clears the way to swiftly restore diplomatic relations.<p>"The Cuban government …

Cuba

Fierce clashes in western Iraq as Islamic State seizes villages near provincial capital: residents

Islamic State launched an offensive in Iraq's western Anbar province on Wednesday, capturing three villages near the provincial capital of Ramadi, where fierce clashes were underway between the extremists and government troops, residents said.<p>The dawn push by Islamic State seized the villages of …

Barack Obama