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  • Kellogg's sales hurt as dieters drop Special K

    Kellogg's sales hurt as dieters drop Special K

    Thursday, July 31 2014 1:50 PM EDT2014-07-31 17:50:28 GMT
    Kellogg's cereal sales are struggling, in part because Special K is falling out of fashion with dieters.
    Kellogg's cereal sales are struggling, in part because Special K is falling out of fashion with dieters.
  • In San Francisco real estate, $1M won't buy much

    In San Francisco real estate, $1M won't buy much

    Thursday, July 31 2014 1:48 PM EDT2014-07-31 17:48:52 GMT
    A research firm says a record number of million-dollar homes were sold in the San Francisco Bay Area during the second quarter, another sign that affording a place to live is a growing challenge for anyone who...
    San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: think again.
  • US warns against traveling to Ebola-hit countries

    US warns against traveling to Ebola-hit countries

    Thursday, July 31 2014 1:48 PM EDT2014-07-31 17:48:32 GMT
    United States issues travel warning for three African countries hit by Ebola outbreak.
    U.S. health officials are warning Americans not to travel to the three African countries hit by an outbreak of Ebola.
  • Wisconsin Supreme Court upholds 2011 union law

    Wisconsin Supreme Court upholds 2011 union law

    Thursday, July 31 2014 1:35 PM EDT2014-07-31 17:35:16 GMT
    The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Republican Gov. Scott Walker's recall...
    The fight over Wisconsin Gov. Scott Walker's signature policy achievement, a law effectively ending collective bargaining for most public employees, ended Thursday with the state Supreme Court declaring it to be...
  • US stocks fall sharply as earnings disappoint

    US stocks fall sharply as earnings disappoint

    Thursday, July 31 2014 1:33 PM EDT2014-07-31 17:33:03 GMT
    Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected....
    Stocks fell sharply on Thursday as investors reacted to disappointing corporate earnings and outlooks from major U.S. companies including Exxon Mobil and Whole Foods Markets. The slide put major indexes into the red for...
  • French company Iliad bidding for T-Mobile US

    French company Iliad bidding for T-Mobile US

    Thursday, July 31 2014 1:17 PM EDT2014-07-31 17:17:14 GMT
    French telecom company Iliad has made a bid for T-Mobile US, the country's fourth-largest cellphone company, according to a published report.
    T-Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for a majority stake in the fourth-largest U.S. cellphone company.
  • Irish bookmaker apologizes for 2010 data breach

    Irish bookmaker apologizes for 2010 data breach

    Thursday, July 31 2014 1:17 PM EDT2014-07-31 17:17:07 GMT
    Irish betting company Paddy Power says it is notifying hundreds of thousands of customers that most of their profile information was stolen in 2010, but hackers did not gain their credit card details or log-in...
    Irish betting company Paddy Power announced Thursday it is notifying hundreds of thousands of customers that most of their profile information was stolen in 2010, but hackers did not gain their credit card details or...
  • EU identifies 5 Russian banks it is sanctioning

    EU identifies 5 Russian banks it is sanctioning

    Thursday, July 31 2014 1:14 PM EDT2014-07-31 17:14:58 GMT
    The European Union has revealed the names of five Russian banks it is sanctioning over what the 28-nation bloc decries as Moscow's meddling in Ukraine.
    The European Union on Thursday revealed the details of its broad economic sanctions against Russia, including the names of five major banks which will see their access to the 28-nation bloc's capital market curtailed.
  • Investigators make it to Ukraine jet crash site

    Investigators make it to Ukraine jet crash site

    Thursday, July 31 2014 1:10 PM EDT2014-07-31 17:10:32 GMT
    An international team of investigators in eastern Ukraine on Thursday reached the crash site of the Malaysia Airline Flight 17 for the first time.
    International investigators got their first look Thursday at the wreckage of Malaysia Airlines Flight 17, finally reaching the site two weeks after a missile brought down the plane. Fighting between Ukrainian troops and...
  • Journal Communications, Scripps Co. announce deal

    Journal Communications, Scripps Co. announce deal

    Thursday, July 31 2014 1:04 PM EDT2014-07-31 17:04:48 GMT
    Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have announced an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public company.
    Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have agreed to combine their broadcasting operations while spinning off newspaper holdings into a separate public entity.
  • Homeowner who fought off Trump is moving on

    Homeowner who fought off Trump is moving on

    Thursday, July 31 2014 12:37 PM EDT2014-07-31 16:37:08 GMT
    By SAMANTHA HENRY Associated Press She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person."
    By SAMANTHA HENRY Associated Press She once called Donald Trump "a maggot, a cockroach and a crumb." This week, he remembered her as "an impossible person."
  • AP Analysis: Putin cornered over Ukraine

    AP Analysis: Putin cornered over Ukraine

    Thursday, July 31 2014 12:36 PM EDT2014-07-31 16:36:34 GMT
    For Russian President Vladimir Putin, there are few options left in the Ukraine crisis and they all look bad.
    For Russian President Vladimir Putin, there are few options left in the Ukraine crisis and they all look bad.
  • NY Fed: Puerto Rico should seek economic reforms

    NY Fed: Puerto Rico should seek economic reforms

    Thursday, July 31 2014 12:29 PM EDT2014-07-31 16:29:08 GMT
    New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."
    New York's Federal Reserve Bank released a report Thursday in which it warned that Puerto Rico needs to improve its financial health soon or face what it called a "painful adjustment."
  • Weak earnings sink US stocks; Whole Foods slides

    Weak earnings sink US stocks; Whole Foods slides

    Thursday, July 31 2014 12:26 PM EDT2014-07-31 16:26:37 GMT
    U.S. stocks are sharply lower following weak corporate earnings. Exxon Mobil and Whole Foods slumped.
    U.S. stocks are sharply lower following weak corporate earnings. Exxon Mobil and Whole Foods slumped.
  • Ailing Portuguese bank's shares sink after losses

    Ailing Portuguese bank's shares sink after losses

    Thursday, July 31 2014 12:16 PM EDT2014-07-31 16:16:06 GMT
    Shares in troubled Portuguese bank Banco Espirito Santo have plunged by more than 50 percent in volatile early trading on the Lisbon stock exchange a day after it reported a record half-year loss of 3.58 billion...
    The woes of troubled Portuguese bank Banco Espirito Santo deepened Thursday as its share price plunged on the Lisbon stock exchange, a day after it reported a record half-year loss of 3.58 billion euros ($4.8 billion).
  • Eni profits rise due to renegotiated gas contracts

    Eni profits rise due to renegotiated gas contracts

    Thursday, July 31 2014 12:15 PM EDT2014-07-31 16:15:47 GMT
    Italian oil and gas company Eni says its second quarter earnings more than doubled thanks to its successful renegotiation of long-term gas supply contracts.
    Italian oil and gas company Eni says its second quarter earnings more than doubled thanks to its successful renegotiation of long-term gas supply contracts.
  • Target taps outsider as CEO for needed shakeup

    Target taps outsider as CEO for needed shakeup

    Thursday, July 31 2014 12:07 PM EDT2014-07-31 16:07:37 GMT
    Target has hired Pepsi executive Brian Cornell as its new chairman and CEO as it looks to recover from a huge data breach and troubles in Canada.
    Target is bringing in an outsider as its CEO for the first time as the retailer fights to redefine itself to American shoppers.
  • Facebook's Internet.org expands in Zambia

    Facebook's Internet.org expands in Zambia

    Thursday, July 31 2014 11:31 AM EDT2014-07-31 15:31:47 GMT
    Facebook's Internet.org project is taking another step toward its goal of bringing the Internet to people who are not yet online with an app launching Thursday in Zambia.
    Facebook's Internet.org project is taking another step toward its goal of bringing the Internet to people who are not yet online, launching an app Thursday in Zambia.
  • Average US 30-year mortgage rate at 4.12 percent

    Average US 30-year mortgage rate at 4.12 percent

    Thursday, July 31 2014 11:26 AM EDT2014-07-31 15:26:02 GMT
    Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.
    Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year.
  • Microsoft spreads Cortana abroad in Windows Phone

    Microsoft spreads Cortana abroad in Windows Phone

    Thursday, July 31 2014 11:25 AM EDT2014-07-31 15:25:11 GMT
    Microsoft is spreading its Cortana digital assistant abroad, starting with China and the U.K.
    Microsoft is spreading its Cortana digital assistant abroad, starting with China and the U.K.
  • Amazon to invest $2 bln to expand in India

    Amazon to invest $2 bln to expand in India

    Thursday, July 31 2014 11:15 AM EDT2014-07-31 15:15:54 GMT
    India's largest online e-commerce company, Flipkart, says it has raised $1 billion in new capital as the company gears up for competition with Amazon's push into the Indian market.
    The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees.
  • Obama cracks down on labor breaches by contractors

    Obama cracks down on labor breaches by contractors

    Thursday, July 31 2014 10:31 AM EDT2014-07-31 14:31:00 GMT
    President Barack Obama is pushing government contractors to stop violating labor laws if they want to keep taking federal money.
    In an election-year rebuttal to Republicans, President Barack Obama will sign an executive order Thursday requiring federal contractors to give their workers more rights in labor disputes. The move comes one day after...
  • Argentina slides into second default as talks fail

    Argentina slides into second default as talks fail

    Thursday, July 31 2014 10:16 AM EDT2014-07-31 14:16:49 GMT
    The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nation's staggering...
    The collapse of talks with U.S. creditors sent Argentina into its second debt default in 13 years and raised questions about what comes next for financial markets and the South American nation's staggering economy.
  • US stocks open lower; Yum Brands sinks

    US stocks open lower; Yum Brands sinks

    Thursday, July 31 2014 10:11 AM EDT2014-07-31 14:11:09 GMT
    Stocks are opening lower as investors react to more disappointing earnings from companies.
    Stocks are opening lower as investors react to more disappointing earnings from companies.
  • Eurozone inflation down again but ECB seen on hold

    Eurozone inflation down again but ECB seen on hold

    Thursday, July 31 2014 10:10 AM EDT2014-07-31 14:10:40 GMT
    Official data show the inflation rate in the 18-nation eurozone fell further in July, to 0.4 percent from 0.5 percent a month earlier.
    The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, in a worrying sign that adds pressure on the European Central Bank to beef up its efforts to spur the economy.
  • Exxon profit surges, but production slips

    Exxon profit surges, but production slips

    Thursday, July 31 2014 9:47 AM EDT2014-07-31 13:47:06 GMT
    Exxon Mobil Corp. (XOM) on Thursday reported net income that climbed by 28 percent in its second quarter, and topped analysts' expectations.
    Exxon Mobil Corp. net income rose 28 percent in the second quarter on a sale of Asian assets and higher oil prices, but oil and gas production slipped 6 percent, disappointing analysts.
  • US jobless aid applications rise to 302,000

    US jobless aid applications rise to 302,000

    Thursday, July 31 2014 9:47 AM EDT2014-07-31 13:47:02 GMT
    More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels.
    More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels.
  • MasterCard 2Q profit rises on volume growth

    MasterCard 2Q profit rises on volume growth

    Thursday, July 31 2014 9:16 AM EDT2014-07-31 13:16:49 GMT
    MasterCard Inc.'s second-quarter net income climbed 9.8 percent, topping analysts' expectations.
    MasterCard's second-quarter net income climbed 9.8 percent as it benefited from volume growth and handled more transactions in the period.
  • Russia tensions hurting European companies

    Russia tensions hurting European companies

    Thursday, July 31 2014 9:09 AM EDT2014-07-31 13:09:58 GMT
    A group representing Germany's machinery industry revised its output forecast sharply lower on Thursday, pointing to the effects of political tension with Russia and the wider uncertainty it has caused.
    Russia's standoff with the West is hurting European companies, from heavy industry to sports goods makers, even before the latest sanctions have a chance to take effect.
  • Russia ordered to pay another $2.5 bln for Yukos

    Russia ordered to pay another $2.5 bln for Yukos

    Thursday, July 31 2014 8:09 AM EDT2014-07-31 12:09:14 GMT
    The European Court of Human Rights has ordered Russia to pay out nearly 1.9 billion euros ($2.5 billion) to shareholders of Yukos, the oil producer that the government had dismantled over a decade ago.
    The European Court of Human Rights on Thursday ordered Russia to pay out another 1.9 billion euros ($2.5 billion) to a group of shareholders of Yukos, the oil company the government dismantled over a decade ago.
  • As US economy accelerates, Fed remains cautious

    As US economy accelerates, Fed remains cautious

    Thursday, July 31 2014 7:39 AM EDT2014-07-31 11:39:42 GMT
    After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending.
    After a grim start to 2014, the U.S. economy has rebounded with vigor and should show renewed strength into next year.
  • Despite good news, benefit programs face problems

    Despite good news, benefit programs face problems

    Thursday, July 31 2014 6:37 AM EDT2014-07-31 10:37:39 GMT
    Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges...
    Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward...
  • Volkswagen 2nd quarter profit up but revenue slips

    Volkswagen 2nd quarter profit up but revenue slips

    Thursday, July 31 2014 6:27 AM EDT2014-07-31 10:27:42 GMT
    Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.
    Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.
  • Samsung earns $6.1 billion, shares plunge

    Samsung earns $6.1 billion, shares plunge

    Thursday, July 31 2014 5:58 AM EDT2014-07-31 09:58:13 GMT
    Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent. The panoply of numbers in its earnings report for the April-June quarter show why.
    Samsung earned $6.1 billion last quarter but investors were dissatisfied, sending its share price down 4 percent. The panoply of numbers in its earnings report for the April-June quarter show why.
  • Adidas issues profit warning on Russia risks

    Adidas issues profit warning on Russia risks

    Thursday, July 31 2014 5:10 AM EDT2014-07-31 09:10:03 GMT
    Sports equipment maker Adidas has lowered its full-year profit target, citing risks in the Russian market and weakness at its golf business.
    Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
  • Fast food ambitions in China hurt by safety scares

    Fast food ambitions in China hurt by safety scares

    Thursday, July 31 2014 5:09 AM EDT2014-07-31 09:09:10 GMT
    Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.
    Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.
  • Swiss central bank reports $17.7B half-year profit

    Swiss central bank reports $17.7B half-year profit

    Thursday, July 31 2014 4:46 AM EDT2014-07-31 08:46:37 GMT
    Switzerland's central bank is reporting a profit of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.
    Switzerland's central bank posted a profit Thursday of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.
  • Alcatel loss narrows in 2Q but revenue stagnates

    Alcatel loss narrows in 2Q but revenue stagnates

    Thursday, July 31 2014 4:30 AM EDT2014-07-31 08:30:06 GMT
    Telcommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
    Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
  • World Cup adds froth to German beer sales

    World Cup adds froth to German beer sales

    Thursday, July 31 2014 4:16 AM EDT2014-07-31 08:16:48 GMT
    German beer sales rose by 4.4 percent in the year's first half, gaining froth from the beginning of the country's run to the soccer World Cup title.
    German beer sales rose by 4.4 percent in the year's first half, gaining froth from the beginning of the country's run to the soccer World Cup title.
  • Sony surprises with first quarter profit

    Sony surprises with first quarter profit

    Thursday, July 31 2014 4:08 AM EDT2014-07-31 08:08:15 GMT
    Sony reported a surprise eightfold jump in quarterly profit as sales got a perk from a cheap yen and its bottom line was helped by gains from buildings and its stake in a video-game maker.
    Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.
  • Siemens earnings up 27 pct in April-June quarter

    Siemens earnings up 27 pct in April-June quarter

    Thursday, July 31 2014 3:47 AM EDT2014-07-31 07:47:50 GMT
    Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.
    Siemens says its net profit rose 27 percent in the April-June period after earnings a year earlier were weighed down by restructuring costs, though the strong euro hurt its revenue and new orders figures.
  • AB InBev earnings rise, sees US improving

    AB InBev earnings rise, sees US improving

    Thursday, July 31 2014 3:26 AM EDT2014-07-31 07:26:38 GMT
    Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an...
    Budweiser brewer AB InBev SA, the world's largest beer maker, says sales and underlying earnings grew in the second quarter, with 7.2 percent growth in Brazil, thanks in part to the World Cup, and it sees an improving...
  • Sanofi 2nd quarter profit surges

    Sanofi 2nd quarter profit surges

    Thursday, July 31 2014 3:17 AM EDT2014-07-31 07:17:28 GMT
    French drug maker Sanofi said Thursday its earnings soared in the second quarter thanks to lower accounting charges than a year earlier, and the company lifted it full-year profit forecast.
    French drug maker Sanofi said Thursday its earnings soared in the second quarter thanks to lower accounting charges than a year earlier, and the company lifted it full-year profit forecast.
  • Probe exposes flaws behind HealthCare.gov rollout

    Probe exposes flaws behind HealthCare.gov rollout

    Thursday, July 31 2014 3:15 AM EDT2014-07-31 07:15:39 GMT
    Management failures by the Obama administration set the stage for computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in a report released Wednesday.
    Management failures by the Obama administration set the stage for computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in a report released Wednesday.
  • Twitter 2Q results soar, stock flies high

    Twitter 2Q results soar, stock flies high

    Thursday, July 31 2014 2:53 AM EDT2014-07-31 06:53:41 GMT
    Stronger-than-expected results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
    The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
  • 5 food writers subpoenaed in 'pink slime' lawsuit

    5 food writers subpoenaed in 'pink slime' lawsuit

    Thursday, July 31 2014 2:51 AM EDT2014-07-31 06:51:12 GMT
    Several food writers, including a New York Times reporter, have been subpoenaed as part of a company's $1.2 billion defamation lawsuit against ABC related to the network's coverage of a meat product derided...
    Several food writers, including a New York Times reporter, have been subpoenaed by a meat producer as part of its $1.2 billion defamation lawsuit against ABC in regards to the network's coverage of a beef product...
  • Shell profit up on higher oil prices

    Shell profit up on higher oil prices

    Thursday, July 31 2014 2:50 AM EDT2014-07-31 06:50:28 GMT
    Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.
    Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges.
  • Kansas congressman hit by farmers' backlash

    Kansas congressman hit by farmers' backlash

    Thursday, July 31 2014 2:29 AM EDT2014-07-31 06:29:56 GMT
    Eleven biofuel plants dot the vast expanse of western and central Kansas, where farm fields stretch to the horizon and corn and sorghum are the backbone of the rural economy.
    Eleven biofuel plants dot the vast expanse of western and central Kansas, where farm fields stretch to the horizon and corn and sorghum are the backbone of the rural economy.
  • Asian markets drift after US Fed stays course

    Asian markets drift after US Fed stays course

    Thursday, July 31 2014 12:49 AM EDT2014-07-31 04:49:28 GMT
    Asian stocks extended gains Tuesday with the South Korean stock market closing at a three-year high ahead of U.S. and Chinese economic reports later this week.
    Asian stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected.
  • Samsung profit falls as smartphone sales slow

    Samsung profit falls as smartphone sales slow

    Thursday, July 31 2014 12:29 AM EDT2014-07-31 04:29:35 GMT
    Samsung Electronics Co. says its second-quarter profit dropped 20 percent as smartphone and tablet sales fell.
    Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter.
  • KFC owner says China scandal hurting sales

    KFC owner says China scandal hurting sales

    Wednesday, July 30 2014 11:26 PM EDT2014-07-31 03:26:29 GMT
    The owner of the KFC and Pizza Hut restaurant chains says a scandal over food safety in China has hurt sales and might be severe enough to cut into the company's global profit.
    The owner of the KFC and Pizza Hut restaurant chains said Thursday a food safety scandal in China has hurt sales and might be severe enough to cut into the company's global profit.
  • $1,000 Sovaldi now hepatitis treatment of choice

    $1,000 Sovaldi now hepatitis treatment of choice

    Wednesday, July 30 2014 8:58 PM EDT2014-07-31 00:58:45 GMT
    A $1,000-per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans.
    The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million.
  • Argentina heads into default as debt talks fail

    Argentina heads into default as debt talks fail

    Wednesday, July 30 2014 8:57 PM EDT2014-07-31 00:57:12 GMT
    Argentina's economy minister led a last-gasp effort Wednesday to strike a deal with U.S. creditors that would prevent the South American country from slipping into default.
    Talks aimed at averting Argentina's second default in 13 years ended with bitter recriminations Wednesday as the South American country said it could not accept a deal with U.S. hedge fund creditors it dismisses as...
  • Whole Foods plans major marketing push

    Whole Foods plans major marketing push

    Wednesday, July 30 2014 7:16 PM EDT2014-07-30 23:16:41 GMT
    Whole Foods reported quarterly sales that fell shy of Wall Street expectations and lowered its outlook for the year, raising worries about the intensifying competition the organic and natural products grocer is...
    Whole Foods is getting ready to launch its first national marketing campaign and expand home delivery as it looks to fend off bigger players muscling into the organic and natural foods category.
  • AP PHOTOS: Coal-exporting town fights rising seas

    AP PHOTOS: Coal-exporting town fights rising seas

    Wednesday, July 30 2014 6:56 PM EDT2014-07-30 22:56:37 GMT
    Norfolk is trapped between the causes and consequences of global warming.
    Norfolk is trapped between the causes and consequences of global warming.
  • Corning donates $1.8M in parts for space telescope

    Corning donates $1.8M in parts for space telescope

    Wednesday, July 30 2014 6:56 PM EDT2014-07-30 22:56:26 GMT
    Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space.
    Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space.
  • Report: More acidic seawater poses risks in Alaska

    Report: More acidic seawater poses risks in Alaska

    Wednesday, July 30 2014 6:56 PM EDT2014-07-30 22:56:23 GMT
    The release of carbon dioxide into the air from factory smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says.
    The release of carbon dioxide into the air from power plant smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says.
  • Sanctions will damage Russia if not lifted quickly

    Sanctions will damage Russia if not lifted quickly

    Wednesday, July 30 2014 6:37 PM EDT2014-07-30 22:37:50 GMT
    Russia's central bank is promising to support financial institutions hit by U.S. sanctions as stocks took a tumble on opening in Moscow.
    U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for...
  • Judge says Crystal CEO should testify in lawsuit

    Judge says Crystal CEO should testify in lawsuit

    Wednesday, July 30 2014 6:26 PM EDT2014-07-30 22:26:34 GMT
    Lawyers for the corn syrup industry said Wednesday that American Crystal Sugar Co. CEO David Berg would be a good witness in a federal lawsuit filed by refined sugar manufacturers because his company isn't...
    American Crystal Sugar Co. CEO David Berg should testify in a federal lawsuit pitting the refined sugar manufacturers against the corn syrup industry, a federal judge ruled Wednesday after presiding over a hearing in the...
  • Bank scandal tarnishes powerful Portuguese family

    Bank scandal tarnishes powerful Portuguese family

    Wednesday, July 30 2014 5:29 PM EDT2014-07-30 21:29:57 GMT
    Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and...
    Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence...
  • Terror threats at chemical plants underestimated

    Terror threats at chemical plants underestimated

    Wednesday, July 30 2014 5:19 PM EDT2014-07-30 21:19:11 GMT
    Congressional investigators say the government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it...
    The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to...
  • Ratings agency: Argentina in 'selective default'

    Ratings agency: Argentina in 'selective default'

    Wednesday, July 30 2014 5:17 PM EDT2014-07-30 21:17:28 GMT
    Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of downgrades amid a standoff between the South American country and some creditors.
    Standard & Poor's says some Argentine bonds are in 'selective default' in what could be the start of a wave of downgrades amid a standoff between the South American country and some creditors.
  • Fed offers a dual message on health of US economy

    Fed offers a dual message on health of US economy

    Wednesday, July 30 2014 5:09 PM EDT2014-07-30 21:09:14 GMT
    The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it's offering no clearer hint of when it will start raising its benchmark...
    The Federal Reserve offered a mixed message on the U.S. economy Wednesday: Growth is strengthening, and the unemployment rate is steadily falling. Yet by some measures, the job market remains subpar.
  • Portland OKs Airbnb-type short-term rentals

    Portland OKs Airbnb-type short-term rentals

    Wednesday, July 30 2014 5:07 PM EDT2014-07-30 21:07:23 GMT
    The Portland, Oregon, City Council has voted to legalize short-term rentals in single-family homes, giving added legitimacy to rental websites such as Airbnb.
    The Portland City Council voted Wednesday to legalize short-term rentals in single-family homes, giving added legitimacy to rental websites such as Airbnb.
  • How Asana hopes to purge the scourge of email

    How Asana hopes to purge the scourge of email

    Wednesday, July 30 2014 4:57 PM EDT2014-07-30 20:57:25 GMT
    By The Associated Press Associated Press Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important...
    By The Associated Press Associated Press Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important updates and...
  • OKCupid, Facebook not alone in studying consumers

    OKCupid, Facebook not alone in studying consumers

    Wednesday, July 30 2014 4:57 PM EDT2014-07-30 20:57:09 GMT
    Think you're in control? Think again.
    Think you're in control? Think again.
  • 3 Putin allies among 8 hit with new EU sanctions

    3 Putin allies among 8 hit with new EU sanctions

    Wednesday, July 30 2014 4:48 PM EDT2014-07-30 20:48:00 GMT
    An official European Union document shows three long-time Putin cronies are among eight people who have been hit with new EU sanctions.
    The European Union targeted Russian President Vladimir Putin's inner circle for the first time Wednesday for the Kremlin's actions in Ukraine, subjecting three of his long-time associates to EU-wide asset freezes...
  • GOP blocks tax hike on firms moving overseas

    GOP blocks tax hike on firms moving overseas

    Wednesday, July 30 2014 4:39 PM EDT2014-07-30 20:39:42 GMT
    Republican senators have blocked an election-year bill limiting tax breaks for U.S. companies that move operations overseas.
    Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas.
  • Processing issue delays bar exam submissions

    Processing issue delays bar exam submissions

    Wednesday, July 30 2014 4:39 PM EDT2014-07-30 20:39:35 GMT
    Testing software provider ExamSoft Worldwide Inc. says a processing issue has caused a delay for some bar exam takers in multiple states in submitting their answers.
    Law school graduates sweated their way through the second and final day of their bar exams Wednesday, some relieved to see paper and pencil after running into a technical glitch that kept test takers in several states from...
  • A look at the EU's new sanctions against Russia

    A look at the EU's new sanctions against Russia

    Wednesday, July 30 2014 4:37 PM EDT2014-07-30 20:37:54 GMT
    The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine...
    The European Union's sanctions against Russia are bound to inflict pain on the country's ailing economy. While still narrowly targeted, they come as a warning shot to convince Moscow to change its Ukraine policies...
  • Stocks end mixed after Fed delivers no surprises

    Stocks end mixed after Fed delivers no surprises

    Wednesday, July 30 2014 4:26 PM EDT2014-07-30 20:26:54 GMT
    U.S. stocks are closing mixed after the Federal Reserve said the economy was strengthening enough for the central bank to continue cutting its stimulus.
    U.S. stocks are closing mixed after the Federal Reserve said the economy was strengthening enough for the central bank to continue cutting its stimulus.
  • Ex-IRS official called conservatives 'crazies

    Ex-IRS official called conservatives 'crazies

    Wednesday, July 30 2014 3:56 PM EDT2014-07-30 19:56:34 GMT
    A former IRS official at the heart of the agency's tea party controversy called conservative Republicans "crazies" and more in emails released Wednesday.
    A former IRS official at the center of the agency's tea party controversy referred to some right-wing Republicans as "crazies" and more in emails released Wednesday. A key GOP lawmaker says the remarks show that Lois...
  • Argentines shrug off risk of default

    Argentines shrug off risk of default

    Wednesday, July 30 2014 3:06 PM EDT2014-07-30 19:06:38 GMT
    In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ago by the Bank of Boston, it became the focal point for angry mobs of protesters who stared down...
    In 2001, it was ground zero for Argentina's financial earthquake. A neo-colonial architectural gem built long ago by the Bank of Boston, it became the focal point for angry mobs of protesters who stared down riot...
  • Obama to GOP: 'Stop just hating all the time'

    Obama to GOP: 'Stop just hating all the time'

    Wednesday, July 30 2014 2:26 PM EDT2014-07-30 18:26:44 GMT
    President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him.
    Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spending the waning days before their month-long summer break trying to sue him rather than addressing...
  • Dubai, European airlines divert flights over Iraq

    Dubai, European airlines divert flights over Iraq

    Wednesday, July 30 2014 2:26 PM EDT2014-07-30 18:26:29 GMT
    European and Dubai-based airlines have begun rerouting flights over Iraqi airspace as a security precaution, though Iraq says its skies are safe.
    European airlines and a Dubai-based carrier are rerouting flights over Iraqi airspace as a security precaution amid fears that militants with the Islamic State group have weapons capable of shooting down planes, despite...
  • Feds probing for fraud in DC building projects

    Feds probing for fraud in DC building projects

    Wednesday, July 30 2014 2:07 PM EDT2014-07-30 18:07:31 GMT
    Federal investigators looking for fraud in the nation's capital are scrutinizing a program meant to give local contractors a share of major construction projects, people familiar with the probe have told The...
    Federal investigators looking for fraud in the nation's capital are scrutinizing a program meant to give local contractors a share of major construction projects, people familiar with the probe have told The Associated...
  • China investigating Microsoft in monopoly case

    China investigating Microsoft in monopoly case

    Wednesday, July 30 2014 2:07 PM EDT2014-07-30 18:07:22 GMT
    China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies.
    China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies.
  • Correction: Debt Study story

    Correction: Debt Study story

    Wednesday, July 30 2014 1:49 PM EDT2014-07-30 17:49:29 GMT
    More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
    In a story July 29 about consumer debt reported to collection agencies, The Associated Press erroneously indicated that 80 percent of Americans have no debt on file. The study released Tuesday by the Urban Institute found...
  • Virus drugmaker fights pediatricians' new advice

    Virus drugmaker fights pediatricians' new advice

    Wednesday, July 30 2014 1:27 PM EDT2014-07-30 17:27:05 GMT
    A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine.
    A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine.
  • Former IRS official called GOP 'crazies' in email

    Former IRS official called GOP 'crazies' in email

    Wednesday, July 30 2014 1:09 PM EDT2014-07-30 17:09:10 GMT
    A former IRS official at the heart of the agency's tea party controversial called Republicans "crazies" and more in newly released emails.
    A former IRS official at the heart of the agency's tea party controversy called Republicans "crazies" and more in newly released emails.
  • Argentina officials stage 11th-hour talks in NYC

    Argentina officials stage 11th-hour talks in NYC

    Wednesday, July 30 2014 1:06 PM EDT2014-07-30 17:06:16 GMT
    Argentina's economy minister has resumed efforts to solve the South American nation's financial crisis without a default.
    Argentina's economy minister has resumed efforts to solve the South American nation's financial crisis without a default.
  • Lawyer sues GM on behalf of 658 plaintiffs

    Lawyer sues GM on behalf of 658 plaintiffs

    Wednesday, July 30 2014 1:02 PM EDT2014-07-30 17:02:35 GMT
    A Texas lawyer has sued General Motors on behalf of 658 people injured or killed in crashes allegedly caused by faulty ignition switches.
    A Texas lawyer has filed a lawsuit against General Motors on behalf of 658 people who were injured or killed in crashes allegedly caused by faulty ignition switches.
  • An early rally fades on the US stock market

    An early rally fades on the US stock market

    Wednesday, July 30 2014 1:02 PM EDT2014-07-30 17:02:33 GMT
    U.S. stocks are turning mostly lower in midday trading, erasing an early gain.
    U.S. stocks are turning mostly lower in midday trading, erasing an early gain.
  • Fiat 2Q profits drop by 55 percent

    Fiat 2Q profits drop by 55 percent

    Wednesday, July 30 2014 1:00 PM EDT2014-07-30 17:00:02 GMT
    Italian carmaker Fiat SpA, which controls Chrysler, says its second-quarter profits dropped by more than a half due to lower performance in North and Latin America.
    Italian carmaker Fiat SpA, which controls Chrysler, on Wednesday said second-quarter profits dropped by more than a half due to lower performance in North and Latin America.
  • Leaders of Spain, Catalonia hold secession talks

    Leaders of Spain, Catalonia hold secession talks

    Wednesday, July 30 2014 11:02 AM EDT2014-07-30 15:02:37 GMT
    Spanish Prime Minister Mariano Rajoy and the leader of the economically powerful Catalonia region are holding a crucial face-to-face meeting Wednesday in what could be a last chance for the two men to resolve a...
    The leader of the economically powerful Catalonia region held firm in a meeting with Spain's prime minister on Wednesday, saying he intends to push ahead with a secession referendum in November despite the central...
  • Hyundai recalls 883K Sonatas to fix gear shifters

    Hyundai recalls 883K Sonatas to fix gear shifters

    Wednesday, July 30 2014 10:48 AM EDT2014-07-30 14:48:09 GMT
    Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.
    Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers.
  • Revised data: US grew faster in 2nd half of 2013

    Revised data: US grew faster in 2nd half of 2013

    Wednesday, July 30 2014 10:47 AM EDT2014-07-30 14:47:41 GMT
    Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
    Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show.
  • WellPoint 2Q tops Wall Street expectations

    WellPoint 2Q tops Wall Street expectations

    Wednesday, July 30 2014 10:36 AM EDT2014-07-30 14:36:37 GMT
    WellPoint's second-quarter profit fell 8.6 percent as expenses climbed.
    WellPoint's second-quarter profit fell 8.6 percent as expenses tied to changes in the nation's health care laws climbed.
  • German central bank chief: higher wages justified

    German central bank chief: higher wages justified

    Wednesday, July 30 2014 10:26 AM EDT2014-07-30 14:26:58 GMT
    The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes, and is putting the potential for raises at 3 percent.
    The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes and inflation sags, and is putting the potential for raises at 3 percent.
  • No2 Irish bank profitable for 1st time since 2008

    No2 Irish bank profitable for 1st time since 2008

    Wednesday, July 30 2014 10:16 AM EDT2014-07-30 14:16:30 GMT
    Ireland's second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.
    Ireland's second-largest bank, Allied Irish Banks, has returned to profit for the first time since a 2008 property crash pushed the nation to the brink of bankruptcy.
  • Strong earnings news, US growth lift stocks

    Strong earnings news, US growth lift stocks

    Wednesday, July 30 2014 10:11 AM EDT2014-07-30 14:11:30 GMT
    U.S. stocks are opening higher after several companies reported better earnings than investors were expecting.
    U.S. stocks are opening higher after several companies reported better earnings than investors were expecting.
  • Survey: US companies add 218,000 jobs in July

    Survey: US companies add 218,000 jobs in July

    Wednesday, July 30 2014 9:26 AM EDT2014-07-30 13:26:59 GMT
    A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month.
    A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month.
  • As Fed meets, key issues likely to stay unanswered

    As Fed meets, key issues likely to stay unanswered

    Wednesday, July 30 2014 7:38 AM EDT2014-07-30 11:38:59 GMT
    The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:
    The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:
  • US economy likely showed big rebound last quarter

    US economy likely showed big rebound last quarter

    Wednesday, July 30 2014 7:19 AM EDT2014-07-30 11:19:11 GMT
    After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year.
    After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year.
  • The man responsible for Hilton's grand turnaround

    The man responsible for Hilton's grand turnaround

    Wednesday, July 30 2014 7:19 AM EDT2014-07-30 11:19:07 GMT
    Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer.
    Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer.
  • Barclays chief applauds claw-back idea on bonuses

    Barclays chief applauds claw-back idea on bonuses

    Wednesday, July 30 2014 7:18 AM EDT2014-07-30 11:18:57 GMT
    The chief executive of Barclays says that claw-back provisions on bankers' bonuses are a good idea in principle as the Bank of England prepares to publish new rules to punish executives who misbehave.
    The CEO of Barclays said having provisions to claw back bankers' bonuses, as outlined by regulators on Wednesday, is a good idea in principle.
  • Britain to test driverless cars next year

    Britain to test driverless cars next year

    Wednesday, July 30 2014 7:06 AM EDT2014-07-30 11:06:23 GMT
    British officials says driverless cars will be tested on roads in as many as three cities in a trial program to begin in January
    British officials says driverless cars will be tested on roads in as many as three cities in a trial program to begin in January
  • Airbus expects stable revenue despite order loss

    Airbus expects stable revenue despite order loss

    Wednesday, July 30 2014 6:37 AM EDT2014-07-30 10:37:29 GMT
    European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes.
    European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes.
  • Spain economic growth at fastest pace since 2007

    Spain economic growth at fastest pace since 2007

    Wednesday, July 30 2014 4:46 AM EDT2014-07-30 08:46:18 GMT
    Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
    Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
  • Senate tires of patching highway programs

    Senate tires of patching highway programs

    Wednesday, July 30 2014 4:28 AM EDT2014-07-30 08:28:34 GMT
    The Senate has delivered an unexpectedly strong vote in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs.
    The Senate delivered an unexpectedly strong vote Tuesday in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs, a sign that Congress may have...
  • West seeks to inflict more economic pain on Russia

    West seeks to inflict more economic pain on Russia

    Wednesday, July 30 2014 2:27 AM EDT2014-07-30 06:27:34 GMT
    U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain and force President Vladimir Putin to end provocations...
    Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen...
  • Argentina, US bondholders meet as deadline looms

    Argentina, US bondholders meet as deadline looms

    Wednesday, July 30 2014 12:26 AM EDT2014-07-30 04:26:20 GMT
    Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be...
    Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be reached...
  • Small cars fare poorly in crash tests

    Small cars fare poorly in crash tests

    Wednesday, July 30 2014 12:16 AM EDT2014-07-30 04:16:08 GMT
    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests.
    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests.
  • PG&E charged with obstruction over San Bruno blast

    PG&E charged with obstruction over San Bruno blast

    Wednesday, July 30 2014 12:16 AM EDT2014-07-30 04:16:04 GMT
    Pacific Gas & Electric is accused of lying to regulators in connection with a fatal pipeline explosion that leveled a suburban Northern California neighborhood in 2010.
    A federal grand jury charged Pacific Gas & Electric on Tuesday with lying to federal investigators in connection with a fatal pipeline explosion that killed eight people and leveled a suburban Northern California...
  • Toyota remains at top in sales after first half

    Toyota remains at top in sales after first half

    Wednesday, July 30 2014 12:09 AM EDT2014-07-30 04:09:02 GMT
    Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.
    Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.
  • Senate passes highway bill, sends it back to House

    Senate passes highway bill, sends it back to House

    Tuesday, July 29 2014 8:47 PM EDT2014-07-30 00:47:27 GMT
    The Senate is scheduled to take up legislation Tuesday to keep federal highway money flowing to states, with just three days left before the government plans to start slowing down payments.
    The Senate voted Tuesday to keep federal highway money flowing to the states into December but only after rejecting the House's reliance on what lawmakers called a funding "gimmick" and moving to force a post-election...
  • American Express 2Q profit rises 9 percent

    American Express 2Q profit rises 9 percent

    Tuesday, July 29 2014 7:13 PM EDT2014-07-29 23:13:36 GMT
    American Express Co. (AXP) on Tuesday reported earnings that rose by 9 percent in its second quarter, and topped analysts' expectations.
    By ALEX VEIGA AP Business Writer American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover...
  • US, Europe impose tough new sanctions on Russia

    US, Europe impose tough new sanctions on Russia

    Tuesday, July 29 2014 6:53 PM EDT2014-07-29 22:53:08 GMT
    European Union ambassadors are meeting to discuss a dramatic toughening of the trade bloc's sanctions against Russia.
    Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks....
  • Clean-air rules assailed as too much, too little

    Clean-air rules assailed as too much, too little

    Tuesday, July 29 2014 5:58 PM EDT2014-07-29 21:58:20 GMT
    Hundreds of people will tell the Environmental Protection Agency what they think of proposed rules to cut pollution from power plants during public hearings Tuesday and Wednesday in Denver.
    Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough.
  • US bars Kurdish oil from entering Texas port

    US bars Kurdish oil from entering Texas port

    Tuesday, July 29 2014 5:39 PM EDT2014-07-29 21:39:55 GMT
    A U.S. District Court Judge has ordered the seizure of a vessel carrying about 1 million barrels of Kurdish crude oil about 60 miles off the Galveston coast.
    The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a...
  • Stocks close lower ahead of economic reports

    Stocks close lower ahead of economic reports

    Tuesday, July 29 2014 4:29 PM EDT2014-07-29 20:29:40 GMT
    The stock market is ending with a modest loss as investors wait for a series of big economic reports later in the week.
    The stock market is ending with a modest loss as investors wait for a series of big economic reports later in the week.
  • Argentina fights with debt holdouts; default nears

    Argentina fights with debt holdouts; default nears

    Tuesday, July 29 2014 2:38 PM EDT2014-07-29 18:38:21 GMT
    Argentina risks financial default unless it reaches an agreement with a group of holdout bondholders by Wednesday. Here are the issues at stake:
    Argentina risks financial default unless it reaches an agreement with a group of holdout bondholders by Wednesday. Here are the issues at stake:
  • Pfizer's 2Q profit sinks 79 pct but tops forecasts

    Pfizer's 2Q profit sinks 79 pct but tops forecasts

    Tuesday, July 29 2014 1:45 PM EDT2014-07-29 17:45:28 GMT
    Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion, but results in the most recent quarter...
    By LINDA A. JOHNSON AP Business Writer Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business...
  • UBS sees profits rise, probed over trading system

    UBS sees profits rise, probed over trading system

    Tuesday, July 29 2014 1:27 PM EDT2014-07-29 17:27:07 GMT
    Swiss banking giant UBS AG reported a 15 percent jump Tuesday in second-quarter net profit compared to a year ago, driven by strong results from its core wealth management and trimmed-down investment banking...
    Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being...
  • London's iconic Gherkin building put up for sale

    London's iconic Gherkin building put up for sale

    Tuesday, July 29 2014 12:46 PM EDT2014-07-29 16:46:40 GMT
    One of London's most recognizable office buildings has been put up for sale.
    One of London's most recognizable office buildings has been put up for sale.
  • Cellphone unlocking set to become legal again

    Cellphone unlocking set to become legal again

    Tuesday, July 29 2014 12:42 PM EDT2014-07-29 16:42:15 GMT
    Congress has passed a bill that makes it legal to "unlock" cellphones so the devices can -at least in some instances- be used on other carriers.
    Congress passed a bill Friday that makes it legal to "unlock" cellphones so the devices can -at least in some instances- be used on other carriers.
  • Lyft says it's starting New York City service

    Lyft says it's starting New York City service

    Tuesday, July 29 2014 12:42 PM EDT2014-07-29 16:42:00 GMT
    The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues.
    The on-demand ride-sharing app Lyft planned to start limited service in New York City on Friday night after reaching agreement with officials to resolve regulatory issues that prompted a lawsuit by the state.
  • EU antitrust body clears Apple's $3bn Beats deal

    EU antitrust body clears Apple's $3bn Beats deal

    Tuesday, July 29 2014 12:41 PM EDT2014-07-29 16:41:49 GMT
    The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.
    The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.
  • Fed is weighing key issues but may reveal little

    Fed is weighing key issues but may reveal little

    Tuesday, July 29 2014 12:17 PM EDT2014-07-29 16:17:46 GMT
    This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
    This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
  • Aetna 2Q profit rises 2.4 percent

    Aetna 2Q profit rises 2.4 percent

    Tuesday, July 29 2014 12:17 PM EDT2014-07-29 16:17:38 GMT
    Aetna Inc. (AET) on Tuesday reported profit that climbed by 2.4 percent in its second quarter, and topped analysts' expectations.
    By TOM MURPHY AP Business Writer Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer top expectations and raise its 2014 earnings forecast...
  • Merck 2Q profit more than doubles

    Merck 2Q profit more than doubles

    Tuesday, July 29 2014 11:55 AM EDT2014-07-29 15:55:58 GMT
    Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts' expectations.
    By LINDA A. JOHNSON AP Business Writer A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts'...
  • Jimmy Dean moves beyond breakfast for first time

    Jimmy Dean moves beyond breakfast for first time

    Tuesday, July 29 2014 11:19 AM EDT2014-07-29 15:19:08 GMT
    Jimmy Dean is coming to dinner - and lunch, too.
    Jimmy Dean is coming to dinner - and lunch, too.
  • US consumer confidence jumps to 90.9 in July

    US consumer confidence jumps to 90.9 in July

    Tuesday, July 29 2014 11:13 AM EDT2014-07-29 15:13:26 GMT
    U.S. consumers are more confident about the economy than they have been in nearly seven years.
    U.S. consumers are more confident about the economy than they have been in nearly seven years.
  • UPS 2Q profit drops, lowers outlook on spending

    UPS 2Q profit drops, lowers outlook on spending

    Tuesday, July 29 2014 11:13 AM EDT2014-07-29 15:13:23 GMT
    United Parcel Service Inc. (UPS) on Tuesday reported net income that declined by 58 percent in its second quarter, and missed analysts' expectations.
    UPS is willing to sacrifice some short-term profits to avoid a repeat of its failure last Christmas to deliver all packages on time.
  • US home price gains slow for 6th straight month

    US home price gains slow for 6th straight month

    Tuesday, July 29 2014 9:55 AM EDT2014-07-29 13:55:40 GMT
    U.S. home prices rose in May from a year earlier at the weakest pace in 15 months, as home sales remain modest.
    U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season.
  • Reynolds American 2Q profit climbs 6.7 percent

    Reynolds American 2Q profit climbs 6.7 percent

    Tuesday, July 29 2014 9:55 AM EDT2014-07-29 13:55:36 GMT
    Reynolds American Inc. says that its profit rose by 6.7 percent in its second quarter, topping analysts' expectations.
    Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold.
  • US stocks inch higher ahead of economic reports

    US stocks inch higher ahead of economic reports

    Tuesday, July 29 2014 9:55 AM EDT2014-07-29 13:55:32 GMT
    The stock market is edging higher in early trading ahead of a string of U.S. and Chinese economic reports later this week.
    The stock market is edging higher in early trading ahead of a string of U.S. and Chinese economic reports later this week.
  • Suzuki recalls nearly 26,000 cars for fire risk

    Suzuki recalls nearly 26,000 cars for fire risk

    Tuesday, July 29 2014 9:36 AM EDT2014-07-29 13:36:32 GMT
    Suzuki is recalling nearly 26,000 midsize cars in the U.S. because the daytime running light modules can overheat and could cause a fire.
    Suzuki is recalling nearly 26,000 midsize cars in the U.S. because the daytime running light modules can overheat and could cause a fire.
  • Waste Management selling subsidiary for $1.94B

    Waste Management selling subsidiary for $1.94B

    Tuesday, July 29 2014 9:16 AM EDT2014-07-29 13:16:19 GMT
    Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.
    Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business.
  • Reynolds American 2Q profit climbs 6.7 percent

    Reynolds American 2Q profit climbs 6.7 percent

    Tuesday, July 29 2014 8:15 AM EDT2014-07-29 12:15:51 GMT
    Reynolds American Inc. says its profit rose by 6.7 percent in its second quarter, topping analysts' expectations.
    Reynolds American Inc. says its profit rose by 6.7 percent in its second quarter, topping analysts' expectations.
  • Renault profits rise thanks to cost cuts

    Renault profits rise thanks to cost cuts

    Tuesday, July 29 2014 7:45 AM EDT2014-07-29 11:45:23 GMT
    French carmaker Renault says its profits in the first half of the year rose, partly thanks to lower costs as its revenue dropped.
    French carmaker Renault says its profits in the first half of the year rose, partly thanks to lower costs as its revenue dropped.
  • BP warns of impact of Russia sanctions on profits

    BP warns of impact of Russia sanctions on profits

    Tuesday, July 29 2014 6:11 AM EDT2014-07-29 10:11:21 GMT
    Energy company BP has warned that further international sanctions on Russia could have an adverse impact on its profits because of its stake in the oil giant, Rosneft.
    Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.
  • Deutsche Bank posts 29 percent drop in profit

    Deutsche Bank posts 29 percent drop in profit

    Tuesday, July 29 2014 5:38 AM EDT2014-07-29 09:38:08 GMT
    Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.
    Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by higher taxes, declining revenue and political instability affecting financial markets.
  • Senate Democrats seek to split GOP on export bank

    Senate Democrats seek to split GOP on export bank

    Tuesday, July 29 2014 4:08 AM EDT2014-07-29 08:08:22 GMT
    Familiar with the Export-Import Bank? Most voters in Louisiana and Virginia probably aren't either.
    Familiar with the Export-Import Bank? In all likelihood, most voters in Louisiana and Virginia aren't either.
  • Honda's quarterly profit up on Asian sales growth

    Honda's quarterly profit up on Asian sales growth

    Tuesday, July 29 2014 3:55 AM EDT2014-07-29 07:55:58 GMT
    Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.
    Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.
  • Asia stocks rise modestly ahead of US, China data

    Asia stocks rise modestly ahead of US, China data

    Tuesday, July 29 2014 1:00 AM EDT2014-07-29 05:00:02 GMT
    Asian stock markets were mostly higher Monday, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.
    Asian stock markets posted modest gains Tuesday as investors treaded cautiously ahead of U.S. and Chinese economic reports later this week.
  • Darden CEO to step down amid Olive Garden troubles

    Darden CEO to step down amid Olive Garden troubles

    Monday, July 28 2014 10:35 PM EDT2014-07-29 02:35:11 GMT
    Darden Restaurants says CEO and chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following the sale of Red Lobster.
    Darden Restaurants CEO and Chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following its contested sale of Red Lobster.
  • Rule aims to help clear air around Grand Canyon

    Rule aims to help clear air around Grand Canyon

    Monday, July 28 2014 6:30 PM EDT2014-07-28 22:30:37 GMT
    The federal government has come up with a final version of a rule meant to cut haze-causing emissions from the largest coal-fired power plant in the West.
    The largest coal-fired power plant in the West will produce one-third less energy by 2020 and could close in 2044 under a proposal that the federal government adopted to cut haze-causing emissions of nitrogen oxide at...
  • FAA proposes to fine Southwest Airlines $12M

    FAA proposes to fine Southwest Airlines $12M

    Monday, July 28 2014 5:20 PM EDT2014-07-28 21:20:58 GMT
    The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply in three separate cases with safety regulations related to repairs on Boeing...
    The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners.
  • Clarification: Fast Food Workers-Convention story

    Clarification: Fast Food Workers-Convention story

    Monday, July 28 2014 5:17 PM EDT2014-07-28 21:17:05 GMT
    Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience.
    In a story July 26, The Associated Press reported that Latoya Caldwell, a mother of four from Kansas City, Missouri, who earns $7.50 an hour at a Wendy's restaurant, said she works six days a week to get 40 hours and...
  • Medicare's own health looking better, report says

    Medicare's own health looking better, report says

    Monday, July 28 2014 5:02 PM EDT2014-07-28 21:02:46 GMT
    The government says Medicare's finances have improved. The program's hospital trust fund won't be exhausted until 2030 - four years later than last year's estimate.
    Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement.
  • House bill lets airlines advertise pre-tax fares

    House bill lets airlines advertise pre-tax fares

    Monday, July 28 2014 4:47 PM EDT2014-07-28 20:47:59 GMT
    It's a battle pitting the nation's airlines against their passengers, and the first round has gone to the industry.
    In a victory for airlines and their workers' unions, the House rejected consumers' complaints and easily passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and...
  • Stocks end little changed ahead of earnings rush

    Stocks end little changed ahead of earnings rush

    Monday, July 28 2014 4:25 PM EDT2014-07-28 20:25:02 GMT
    U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week.
    U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week.
  • Russia ordered to pay $50 billion over Yukos

    Russia ordered to pay $50 billion over Yukos

    Monday, July 28 2014 4:16 PM EDT2014-07-28 20:16:08 GMT
    The former majority shareholder in Yukos Oil Company says it has won in excess of $50 billion in a court ruling against Russia.
    Russian President Vladimir Putin's government must pay $50 billion for using tax claims to destroy Yukos, once the country's largest oil producer, and its Kremlin-critical CEO, an international court has ruled.
  • Dollar Tree steps up fight, buys Family Dollar

    Dollar Tree steps up fight, buys Family Dollar

    Monday, July 28 2014 3:28 PM EDT2014-07-28 19:28:38 GMT
    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.
    The fight for penny pinchers is intensifying.
  • Lloyds bank settles with US, UK over market fixing

    Lloyds bank settles with US, UK over market fixing

    Monday, July 28 2014 3:23 PM EDT2014-07-28 19:23:32 GMT
    Lloyds Banking Group says it will pay 218 million pounds ($400 million) to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.
    Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.
  • A look at how Dollar Tree, Family Dollar differ

    A look at how Dollar Tree, Family Dollar differ

    Monday, July 28 2014 1:57 PM EDT2014-07-28 17:57:43 GMT
    Dollar Tree stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store...
    Dollar Tree is stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store category....
  • Red Lobster goes vertical on plate to push quality

    Red Lobster goes vertical on plate to push quality

    Monday, July 28 2014 1:20 PM EDT2014-07-28 17:20:23 GMT
    Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and plating dishes higher like fancier restaurants.
    Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and stacking the food higher on plates, as is the style at fancier restaurants.
  • US stocks fall at midday on cooling home sales

    US stocks fall at midday on cooling home sales

    Monday, July 28 2014 12:25 PM EDT2014-07-28 16:25:53 GMT
    U.S. stocks are slightly lower in midday trading after a report of sluggish sales in the housing market.
    U.S. stocks are slightly lower in midday trading after a report of sluggish sales in the housing market.
  • Amazon shares fall on 2Q loss

    Amazon shares fall on 2Q loss

    Monday, July 28 2014 12:15 PM EDT2014-07-28 16:15:26 GMT
    Amazon.com Inc. (AMZN) on Thursday reported a bigger loss in its second quarter, and missed analysts' expectations.
    Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue.
  • New Spain king moves to clean up palace's image

    New Spain king moves to clean up palace's image

    Monday, July 28 2014 12:00 PM EDT2014-07-28 16:00:18 GMT
    Spain's new King Felipe VI has ordered the palace's accounts to be audited externally and the results made public, in an apparent bid to clean up the royal family's tarnished image.
    Spain's royal palace accounts will be subject to external audits and the results made public under a series of measure ordered by new King Felipe VI in an apparent bid to clean up the royal family's tarnished image.
  • Virgin America files plans for IPO

    Virgin America files plans for IPO

    Monday, July 28 2014 11:35 AM EDT2014-07-28 15:35:52 GMT
    Virgin America's next destination is Wall Street.
    Virgin America's next destination is Wall Street.
  • Contracts to buy US homes slip in June

    Contracts to buy US homes slip in June

    Monday, July 28 2014 11:07 AM EDT2014-07-28 15:07:59 GMT
    Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.
    Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer.
  • Zillow buying Trulia to make real estate titan

    Zillow buying Trulia to make real estate titan

    Monday, July 28 2014 10:34 AM EDT2014-07-28 14:34:48 GMT
    Real estate website operator Zillow is buying competitor Trulia in a $3.5 billion all-stock deal.
    Real estate website operator Zillow is buying rival Trulia in a $3.5 billion deal that would make the biggest player in the online real estate market.
  • German court receives suit against EU bank union

    German court receives suit against EU bank union

    Monday, July 28 2014 10:34 AM EDT2014-07-28 14:34:40 GMT
    A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the...
    A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the continent's...
  • RPM Intl agrees to $797.5M deal on asbestos claims

    RPM Intl agrees to $797.5M deal on asbestos claims

    Monday, July 28 2014 9:55 AM EDT2014-07-28 13:55:40 GMT
    RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp.
    RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp.
  • US stocks open mixed on Wall Street

    US stocks open mixed on Wall Street

    Monday, July 28 2014 9:55 AM EDT2014-07-28 13:55:23 GMT
    The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies.
    The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies.
  • Tyson to sell Mexico, Brazil poultry operations

    Tyson to sell Mexico, Brazil poultry operations

    Monday, July 28 2014 8:04 AM EDT2014-07-28 12:04:39 GMT
    Tyson Foods says it will sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt tied to its acquisition of Hillshire Brands.
    Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.
  • Britain reopens way for fracking

    Britain reopens way for fracking

    Monday, July 28 2014 7:34 AM EDT2014-07-28 11:34:41 GMT
    The British government has reopened the way for energy firms to explore for shale gas, three years after seismic tremors led to the suspension of fracking.
    Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations.
  • US companies increasingly fish for growth overseas

    US companies increasingly fish for growth overseas

    Monday, July 28 2014 6:26 AM EDT2014-07-28 10:26:27 GMT
    Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
    Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home.
  • Meat supplier: China unit fell short of standards

    Meat supplier: China unit fell short of standards

    Monday, July 28 2014 6:14 AM EDT2014-07-28 10:14:33 GMT
    A U.S. meat supplier says a Chinese unit embroiled in a safety scandal has fallen short of its requirements for maintaining high standards.
    A U.S. meat supplier said Monday a Chinese subsidiary embroiled in a safety scandal fell short of its requirements for maintaining high standards.
  • Korean Air chief in line to lead Pyeongchang Games

    Korean Air chief in line to lead Pyeongchang Games

    Monday, July 28 2014 5:48 AM EDT2014-07-28 09:48:39 GMT
    The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.
    The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.
  • Nissan profit rises on strong sales, cheap yen

    Nissan profit rises on strong sales, cheap yen

    Monday, July 28 2014 5:14 AM EDT2014-07-28 09:14:45 GMT
    Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China.
    Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China.
  • Study: Embargo wouldn't hurt Russia

    Study: Embargo wouldn't hurt Russia

    Monday, July 28 2014 4:17 AM EDT2014-07-28 08:17:34 GMT
    An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
    An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
  • EU hits Russian intelligence chiefs with sanctions

    EU hits Russian intelligence chiefs with sanctions

    Monday, July 28 2014 4:14 AM EDT2014-07-28 08:14:30 GMT
    European Union ambassadors have reached a preliminary deal on stepped-up sanctions against Russia, targeting its access to European capital markets and trade in the defense sector, dual-use goods and sensitive...
    The European Union on Friday extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine, official documents showed.
  • Fukushima study: Think about unthinkable disasters

    Fukushima study: Think about unthinkable disasters

    Monday, July 28 2014 12:17 AM EDT2014-07-28 04:17:55 GMT
    A U.S. science advisory report says a key lesson from Japan's Fukushima nuclear accident is that the nation's nuclear industry needs to focus more on the highly unlikely but super-serious worst case scenarios.
    A U.S. science advisory report says Japan's Fukushima nuclear accident offers a key lesson to the nation's nuclear industry: Focus more on the highly unlikely but worst case scenarios.
  • Not in my backyard: US sending dirty coal abroad

    Not in my backyard: US sending dirty coal abroad

    Monday, July 28 2014 12:15 AM EDT2014-07-28 04:15:44 GMT
    As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could...
    As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create...
  • BSkyB to create multinational European TV network

    BSkyB to create multinational European TV network

    Sunday, July 27 2014 10:34 PM EDT2014-07-28 02:34:52 GMT
    London-based satellite broadcaster BSkyB has announced agreements to purchase Sky Italia and 57 percent of Sky Deutschland from 21st Century Fox.
    London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact on the media industry, giving...
  • Comic-book convention organizers clash over name

    Comic-book convention organizers clash over name

    Sunday, July 27 2014 7:57 PM EDT2014-07-27 23:57:02 GMT
    Organizers of two of the biggest comic-book conventions in the country are clashing over their names.
    Organizers of two of the biggest comic-book conventions in the country are clashing over their names.
  • US meat supplier in China withdraws products

    US meat supplier in China withdraws products

    Sunday, July 27 2014 7:14 PM EDT2014-07-27 23:14:17 GMT
    OSI Group, an Aurora, Illinois-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace.
    OSI Group, an Aurora, Illinois-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace.
  • Oil rises just above $102 a barrel

    Oil rises just above $102 a barrel

    Sunday, July 27 2014 7:14 PM EDT2014-07-27 23:14:08 GMT
    By The Associated Press The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in the Ukraine and the Middle East.
    By The Associated Press The price of oil traded around $102 a barrel on Friday, nearly unchanged, as worries over supplies and geopolitical tensions eased.
  • Cable on Ohio amusement park ride snaps, hurting 2

    Cable on Ohio amusement park ride snaps, hurting 2

    Sunday, July 27 2014 5:54 PM EDT2014-07-27 21:54:40 GMT
    An Ohio amusement park ride that swings riders up to 125 feet in the air has been closed indefinitely after a cable snapped, injuring two visitors.
    An Ohio amusement park ride that swings riders as high as 125 feet has been closed indefinitely after a cable snapped, injuring two visitors.
  • EU, US seek Putin Achilles' heel on Ukraine

    EU, US seek Putin Achilles' heel on Ukraine

    Sunday, July 27 2014 5:14 PM EDT2014-07-27 21:14:03 GMT
    Months after Russia annexed Crimea and stepped up support for separatists in eastern Ukraine, Europe and the United States are still searching for an effective way to persuade Russian President Vladimir Putin to...
    Months after Russia annexed Crimea and stepped up support for separatists in eastern Ukraine, Europe and the United States are still searching for a way to persuade Russian President Vladimir Putin to change course.
  • Varying health premium subsidies worry consumers

    Varying health premium subsidies worry consumers

    Sunday, July 27 2014 3:44 PM EDT2014-07-27 19:44:16 GMT
    Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her HealthCare.gov...
    Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her HealthCare.gov account...
  • More US girls now getting cervical cancer vaccine

    More US girls now getting cervical cancer vaccine

    Sunday, July 27 2014 3:44 PM EDT2014-07-27 19:44:05 GMT
    The government is reporting an increase in teen U.S. girls getting a controversial cervical cancer vaccine - but it's not much of a bump.
    More teen girls are getting a controversial cervical cancer vaccine but the increase isn't much of a bump, the government reported Thursday.
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