• In this Oct. 21, 2010 file photo, workers, right, prepare to install a piece of glass wall covering an elevator tunnel while a woman, left, looks down from a descending elevator in Beijing, China. Otis elevator, which has staked much on increasing urbanization and soaring skyscrapers in cities across China, is struggling with declining revenue in 2015 as China’s economy sours. For Otis, based in Farmington, Conn., rising competition, particularly for the lucrative repair and maintenance business, also is undermining its Chinese market share. (AP Photo/Alexander F. Yuan, File)

    That sinking feeling: As China slows, so does Otis Elevator

    HARTFORD, Conn. (AP) — As China’s economy has grown and skyscrapers have sprouted in cities extending ever westward from its coast, Otis Elevator Co. went along for the ride.

  • Republican presidential candidate, Wisconsin Gov. Scott Walker, center, visits with two men after he presented his health care plan, during a visit to Cass Screw Machine Products, Tuesday, Aug. 18, 2015, in Brooklyn Center, Minn. (AP Photo/Jim Mone)

    Walker’s health plan hinges on a tricky subsidy rollback

    MADISON, Wis. (AP) — Republican Scott Walker’s plan for repealing and replacing President Barack Obama’s health care law hinges on what many see as a nearly insurmountable obstacle — getting 60 votes in the Senate.

  • This July 29, 2015 aerial photo shows empty lots and mostly new buildings in the Lower 9th Ward section of New Orleans, foreground. Ten years after Katrina, New Orleans remains a work in progress, aiming to reverse historic racial and economic injustices. (AP Photo/Gerald Herbert)

    New Orleans rises decade after Katrina _ but gaps remain

    NEW ORLEANS (AP) — As people search for words to describe New Orleans’ recovery a decade after Hurricane Katrina, they sometimes use words verging on the Biblical – an economic and cultural resurrection, a rising from the ashes.

  • In this Feb. 13, 2015, file photo, stacks and burn-off from the Exxon Mobil refinery are seen at dusk in St. Bernard Parish, La. A barrel of U.S. crude fell below $40 per barrel, Friday, Aug. 21, 2015, for the first time since the end of the global economic crisis. (AP Photo/Gerald Herbert, File)

    Barrel of US crude drops below $40

    NEW YORK (AP) — A barrel of U.S. crude oil fell below $40 per barrel for the first time since the end of the global economic crisis.

  • A screen above the trading floor of the New York Stock Exchange shows the closing numbers, Friday, Aug. 21, 2015. The Dow Jones industrial average plunged more than 530 points and is in a correction amid a global sell-off sparked by fears about China's slowing economy. Oil tumbled below $40 per barrel for the first time since the financial crisis. (AP Photo/Richard Drew)

    Fears over global slowdown hammer US stocks for 2nd day

    NEW YORK (AP) — Growing concerns about a slowdown in China shook markets around the world on Friday, driving the U.S. stock market to its biggest drop in nearly four years.

  • New Mexico unemployment rate rises to 6.5 percent in July

    ALQUBUERQUE, N.M. (AP) — New Mexico’s seasonally adjusted unemployment rate rose to 6.5 percent in July, up from 6.4 percent in June but unchanged from a year earlier.

  • People walk past the Greek parliament in Athens, on Friday, Aug. 21, 2015. Greece's president asked the main opposition party Friday to try to form a new government, a day after Prime Minister Alexis Tsipras resigned and called an early election next month to deal with a governing party rebellion over Greece's third bailout deal.(AP Photo/Petros Giannakouris)

    Greece’s Tsipras bets on early polls to boost reform mandate

    ATHENS, Greece (AP) — Greece’s main opposition party launched efforts to form a new government Friday following Prime Minister Alexis Tsipras’ resignation, but made no progress in what appears a doomed task — which will pave the way for another potentially destabilizing election.

  • Republican presidential candidate, former Florida Gov. Jeb Bush, speaks at the Defending the American Dream summit hosted by Americans for Prosperity,Friday, Aug. 21, 2015, at the Greater Columbus Convention Center in Columbus, Ohio. (AP Photo/Paul Vernon)

    Newcomer to Koch scene, Bush competes with tea party class

    COLUMBUS, Ohio (AP) — Casting himself as a tax-cutting, passionate government reformer, Jeb Bush drew merely polite applause Friday from thousands of the nation’s most-active tea party conservatives gathered at the billionaire industrialist Koch brothers’ summit.