Obama starts ‘Race to the Top’ for schools to beat India, China

WASHINGTON - President Barack Obama has announced a race for $4.35 billion in federal grants to improve academic achievement and reverse a decline in American public schools to meet increasing competition from countries like India and China.

Regional bank KeyCorp reports smaller 2Q loss, but continues to build loan loss provisions

CLEVELAND — Banking company KeyCorp posted a narrower second-quarter loss on Wednesday but still missed Wall Street expectations as it continues to build up cash reserves to cover bad loans.

Lloyds Banking Group cutting 1,200 jobs, including 650 permanent roles

LONDON — Lloyds Banking Group announced Thursday it would cut another 1,200 jobs to reduce costs and rationalize operations after the government-backed merger of Lloyds TSB and Halifax/Bank of Scotland.

Obama to visit Iowa plant that makes towers for wind energy

WASHINGTON — President Barack Obama travels to Iowa today with Agriculture Secretary Tom Vilsack.

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