Business & Technology

The city of Scranton, Penn. now faces two federal lawsuits over a decision last week to slash public employee's pay to minimum wage. Unions representing the city's workers also are asking Lackawanna County Judge Michael Barrasse to hold Mayor Chris Doherty in contempt of court.

The euro touched a two-year low against the dollar Tuesday, as concerns about the eurozone debt crisis continued.

Despite a recession across much of the eurozone and even predictions of the currency's demise, however, the euro has held up relatively well during this crisis.

Over the last 13 year, it has taken on average $1.21 to buy a euro. Now, even in this midst of this crisis, it's worth virtually the same ($1.22).

The U.S. Department of Agriculture says Louisiana farmers are planting more soybeans than they have in 14 years but may tie a record low for cotton.

Changing weather patterns appeared to be a factor as the wet early spring gave way to a drier pattern. So farmers are planting more soybeans and less rice than originally expected.

The USDA's July crop report says Louisiana farmers are planting 1.14 million acres of soybeans, the highest since 1.2 million acres in 1998 and 70,000 acres more than projected in March.