Business & economy news - Los Angeles News | FOX 11 LA KTTV

Very bad week: Airline disasters come in a cluster

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Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. Two airliners crash during storms. Aviation has suffered one of its worst... More>>

Visa posts higher 3Q profit, revenue

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Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions. More>>

Air Algerie jet with 116 on board crashes in Mali

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An Air Algerie jetliner carrying 116 people crashed Thursday in a rainstorm over restive Mali, and its wreckage was found near the border of neighboring Burkina Faso - the third major international aviation disaster in a... More>>

Bankrupt Energy Future to auction stake in Oncor

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Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing... More>>

Facebook 2Q earnings, revenue soar

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Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. More>>

Starbucks US sales rise with help of revamped food

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Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. More>>

Amazon shares fall on 2Q loss

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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. More>>

Obama wants limits on US company mergers abroad

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Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. More>>

Union Pacific 2Q profit chugs ahead 17 percent

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Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. More>>

After much movement, stocks end where they began

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Only Wall Street could make the buying and selling of more than 3 billion shares look like nothing happened. More>>

Correction: Housing-Clinging to Low Rates story

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In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow... More>>

US stocks end little changed after mixed news

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U.S. stocks are ending little changed after a day of mixed signals on corporate earnings and the economy. More>>

US airlines to resume flights to Israel

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The U.S. airlines serving Israel will resume flights there Thursday, following a two-day hiatus caused by combat in the Gaza Strip. More>>

Wal-Mart names new CEO of US discount division

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Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results. More>>

Across US job market, layoffs are becoming rare

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The risk of losing your job is getting smaller and smaller. More>>

Airlines report big 2Q profits on strong demand

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By The Associated Press Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade. More>>

FAA lifts ban on US flights to Tel Aviv airport

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The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel. More>>

Fukushima study: Think about unthinkable disasters

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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. More>>

Bombardier restructuring cuts 1,800 jobs globally

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Airplane maker Bombardier Inc. is cutting 1,800 jobs across facilities worldwide as it restructures operations. More>>

Texas governor's startup fund is not all it seems

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Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation's second most-populous state. More>>

Social Security's $300M IT project doesn't work

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After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will. More>>

Morgan Stanley paying $275M to settle SEC charges

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Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. More>>

More US girls now getting cervical cancer vaccine

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More teen girls are getting a controversial cervical cancer vaccine but the increase isn't much of a bump, the government reported Thursday. More>>

Varying health premium subsidies worry consumers

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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>>

Agents get subsidized 'Obamacare' using fake IDs

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Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday. More>>

GM profit 2Q falls 85 pct. on recall costs

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Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. More>>

Dunkin' pushing cashiers to 'upsell' in afternoons

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If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. More>>

Ford 2Q net profit up 6 percent to $1.3 billion

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Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years. More>>

IMF cuts US and global growth forecasts for 2014

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The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. More>>

US stocks rise at midday on stronger earnings

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The stock market is rising at midday as a slew of companies report stronger earnings. More>>

Swiss drug maker Roche posts 7 percent profit drop

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Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units. More>>

Nokia sees brighter future without handset unit

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There is life after mobile phones for Nokia. More>>

Markets solid amid mixed US economic news

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Markets were solid Thursday as geopolitical tensions largely related to the downing of a Malaysia Airlines jet over Ukraine subsided somewhat and after further upbeat U.S. jobs data was offset somewhat by surprisingly weak... More>>

Average US 30-year mortgage rate at 4.13 pct.

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Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year. More>>

US new-home sales plummet in June

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Sales of new U.S. homes plunged in June, a sign that real estate continues to be a weak spot in the economy. More>>

Southwest reports record profit of $465M for 2Q

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Southwest Airlines is reporting a record profit for the second quarter, more than doubling its earnings from a year ago. More>>

United Airlines posts 2Q profit, reversing 1Q loss

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United Airlines is making money after a slow start to the year. More>>

IMF cuts US and global growth forecasts for 2014

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The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. More>>

American Airlines boosts profit on higher revenue

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Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders. More>>

US stocks open higher as investors gauge earnings

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The U.S. stock market is opening slightly higher as several big companies across industries report second-quarter earnings. More>>

US unemployment aid applications drop to 284,000

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The number of people seeking U.S. unemployment benefits fell last week to its lowest level in more than eight years. More>>

3M 2Q profit rises 6 percent

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3M's second-quarter profit jumped 6 percent as sales surged across all its businesses. More>>

Oil drifts down despite China manufacturing bounce

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By PABLO GORONDI Associated Press The price of oil fell below $103 a barrel Thursday, giving back part of its gains from the day before, despite improvements in Chinese manufacturing. More>>

UK: Former reporter sentenced for phone hacking

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A former British tabloid reporter was given a 10-month suspended prison sentence Thursday for his role in the long-running phone hacking scandal that shook Rupert Murdoch's media empire. More>>

Caterpillar 2Q profit rises, revenue declines

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Caterpillar's second-quarter net income rose 4.1 percent even as revenue slipped. More>>

Ukraine worries 'set to weigh' on eurozone economy

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The escalating tensions in Ukraine, which have led to a sharp deterioration in relations between the West and Russia, could weigh on a modestly improving economic recovery in the 18-country eurozone. More>>

Breitburn buying QR Energy in $1.46 billion deal

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Breitburn Energy is buying QR Energy LP in a deal worth about $1.46 billion. More>>

Judges in health care rulings vote party line

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In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law. Their votes lined up precisely with the party of the president who appointed them. More>>

FAA lifts ban on US flights to Tel Aviv airport

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The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets. More>>

European Central Bank hit by data theft

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The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive... More>>

UN human development report faults inequality

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Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much wealth as the 3.5 billion... More>>

Spain's Repsol sees profits jump on YPF bond gains

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Spanish energy company Repsol says its second quarter net profit nearly doubled following capital gains it made from extricating itself from Argentina's YPF, which was nationalized in 2012. More>>

South Korea unveils stimulus after ferry sinking

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South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters. More>>

Spanish jobless falls as recovery gains traction

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Official figures show that Spain's unemployment rate edged down to 24.5 percent in the second quarter from 25.9 percent in the previous three-month period, a further sign that the economy's recovery is gaining... More>>

HK firms on edge as democracy rally blockade looms

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As activists vow to shut down Hong Kong's financial district in protest at China's attempt to hobble democratic elections in the city, businessman Bernard Chan is preparing for the worst. More>>

Boss of company in China meat scandal apologizes

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The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC. More>>

JFK returns to old look in new collectors' coins

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President John F. Kennedy is getting his old look back on new collectors' coins. More>>

European carriers suspend more Tel Aviv flights

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Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas. More>>

Cruz suggests flight ban is boycott of Israel

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Republican Sen. Ted Cruz on Wednesday questioned whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel... More>>

Japan trade deficit at record $75B in first half

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Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday. More>>

Microsoft CEO sees 'bold' plan as 4Q tops Street

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Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units - Nokia phones and Bing... More>>

Meat supplier in China scandal has global reach

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It isn't a household name, but the company at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at McDonald's locations. More>>

NYC official: Thieves got into 1K StubHub accounts

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Some of the hottest tickets in town - to Broadway hits, Jay-Z and Justin Timberlake concerts, a New York Yankees-Boston Red Sox game - were snapped up by an international ring of cyber thieves who commandeered more than... More>>

Sanders pleads for VA reform bill as talks stall

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The chairman of the Senate Veterans' Affairs Committee said Wednesday there is still time for Congress to approve a landmark bill to improve health care services for veterans, despite deep disagreement over how much... More>>

Twitter admits to diversity problem in workforce

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Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley. More>>

Apple post biggest earnings gain in nearly 2 years

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Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen. More>>

US wildlife officials propose limiting snake trade

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Federal wildlife officials recently proposed strict nationwide limits on importing and shipping boa constrictors and four other snake species in an effort to prevent them from being introduced into the wild. More>>

US: Downed fighter jets part of pattern in Ukraine

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The White House cast the downing of two fighter jets in Ukraine on Wednesday as part of a pattern of Russian-backed separatists using Russian weapons to pose risks to aircrafts and further destabilize the conflict in the... More>>

S&P 500 ekes out record high as earnings roll in

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The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies. More>>

US economy, though sluggish, may now be sturdier

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Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. More>>

Protect yourself from identity theft

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It's an almost weekly occurrence: On Tuesday, Goodwill said its computer systems may have been hacked, leading to the possible theft of customers' credit and debit card information. The nonprofit agency, which... More>>

Target debuts an image-recognition shopping app

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Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It's the latest offering from retailers looking to boost sales with the use of improving image-recognition... More>>

GM issues 6 more safety recalls

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General Motors issued six more recalls on Wednesday, bringing its annual total to 60 recalls covering almost 30 million vehicles. More>>

Stopping deadly oil train fires: New rules planned

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Responding to a series of fiery train crashes, the government proposed rules Wednesday that would phase out tens of thousands of older tank cars that carry increasing quantities of crude oil and other highly flammable... More>>

Former trader gets 2 years in prison for fraud

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A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program. More>>

US stocks drift higher following mixed earnings

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U.S. stock indexes edged mostly higher as traders looked over a mixed batch of corporate earnings. More>>

5 tips for selling your home for the best price

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The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit. More>>

IMF sees US growth at weakest since recession

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U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. More>>

SEC votes to end $1 a share for some money funds

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Regulators have voted by a narrow margin to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors. More>>

Comcast 2Q earnings top views on Internet hookups

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Comcast's second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace and video subscriber losses moderated. More>>

Senate agrees on $11B highway funding measure

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The Senate agreed Wednesday on an $11 billion measure to temporarily fix a multibillion-dollar shortfall in federal highway and transit programs, setting up a vote next week on several alternatives. More>>

Trump: DC hotel will be among world's best

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Donald Trump has big plans for the Old Post Office building, a historic structure in downtown Washington that he's pledging to transform into the city's most luxurious hotel. As for the White House, four blocks... More>>

Delta 2Q profit rises 17 percent

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Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined. More>>

Dole, vets groups renew push for disability treaty

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At 91, Bob Dole won't take no for an answer. More>>

Senate bill targets companies that move overseas

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The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain. More>>

Goodwill, feds investigate possible data breach

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Nonprofit organization Goodwill Industries Inc. is working with federal officials to investigate a possible security breach. More>>

US stocks drift following mixed corporate earnings

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Stocks are little changed in midday trading as traders look over a mixed batch of corporate earnings. More>>

China detains employees of suspect meat seller

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Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized... More>>

Global stocks bolstered by US earnings, home sales

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Markets were steady Wednesday as the focus turned toward U.S. corporate earnings and as tensions between Russia and the West over the downing of a Malaysian jetliner in Ukraine eased. More>>

PepsiCo raises outlook, looks to new Lay's flavors

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PepsiCo raised its forecast for the year on Wednesday and said its new Lay's potato chips - including a cappuccino variety - should help boost its profit in the months ahead. More>>

Despite sanctions call, UK approves arms to Russia

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Britain is still authorizing the export of arms and military equipment to Russia despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine, a group of lawmakers said in... More>>

Stocks open mostly lower following mixed earnings

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Stocks are mostly lower in early trading as traders look over a mixed batch of earnings reports. More>>

Commercial jets push Boeing profits up 52 percent

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By The Associated Press Increased production of passenger jets helped push up Boeing's profit by 52 percent in the second quarter, topping Wall Street's expectations. More>>

US hedge fund files suit against Puerto Rico gov

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The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed. More>>

EU seeks energy efficiency to ease Russia gas link

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The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports,... More>>

GSK cuts earnings forecast after weak 2nd quarter

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Drug maker GlaxoSmithKline has cut its full-year earnings expectations as it says its second-quarter profits were hit by currency moves and a fall in sales of its respiratory drugs. More>>

Oil stays above $102 amid Gaza peace efforts Video included

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By PABLO GORONDI Associated Press The price of oil inched further above $102 a barrel Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions... More>>

Lithuania to adopt euro currency in January

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The European Union is giving Lithuania the green light to adopt the euro currency starting next year. More>>

Women business owners face gender gap, report says

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Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday. More>>

Bank of England: rates to rise only gradually

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Bank of England policymakers are signaling that interest rates are likely to go up only gradually - though debate on the matter seems to be getting hotter. More>>

Flight bans show skittishness over trouble spots

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By The Associated Press When U.S. and European airlines quickly canceled flights to Israel on Tuesday, they showed both a skittishness and a new sense of urgency in dealing with global trouble spots... More>>

Spanish economic growth seen gathering pace in Q2

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The Bank of Spain says the country's economy continues to show signs of recovery, growing by 0.5 percent in the second quarter compared with the previous three months. More>>

In international flight, volatile conflicts abound

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In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems... More>>

Daimler revenue up; profit drops after 1-time gain

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Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined... More>>

CEO: Clippers coach to quit if Sterling stays

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The interim CEO of the Los Angeles Clippers testified Tuesday that coach Doc Rivers told him he will quit if Donald Sterling remains the owner of the team. More>>

AP source: Thieves got into 1K StubHub accounts

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Cyber thieves got into more than 1,000 StubHub customers' accounts and fraudulently bought tickets for events through the online ticket reseller, a law enforcement official and the company said Tuesday. More>>

Senate, House on collision course on border money

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Senate Democrats prepared Tuesday to whack $1 billion from President Barack Obama's emergency spending request for the border, while leaving out policy changes Republicans have demanded as their price for agreeing to... More>>

Dueling rulings: Courts split on health law clash

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President Barack Obama's health care law is snarled in another big legal battle, with two federal appeals courts issuing contradictory rulings on a key financing issue within hours of each other Tuesday. More>>

Netflix tops 50M subscribers as 2Q earnings soar

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Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time. More>>

Airlines ban flights to Israel after rocket strike Video included

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A Hamas rocket exploded Tuesday near Israel's main airport, prompting a ban on flights from the U.S. and many from Europe and Canada as aviation authorities responded to the shock of seeing a civilian jetliner shot... More>>

Ackman goes after Herbalife's nutrition clubs

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Activist investor Bill Ackman once again denounced weight loss and nutritional supplements company Herbalife as a pyramid scheme, but Wall Street shrugged off his criticism and sent the company's stock soaring 25... More>>

Gulf oil spill: Ex-BP engineer's retrial postponed

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The August retrial of a former BP engineer accused of obstructing justice in an investigation of the 2010 Gulf of Mexico oil spill has been postponed while an appeals court decides whether a judge was right to throw out... More>>

Undercover probe finds health law failings

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Congressional investigators using fake identities were able to obtain taxpayer-subsidized health insurance under President Barack Obama's law, according to testimony to be delivered Wednesday. More>>

Contrarian's case: Why US could dip into recession

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Just as the U.S. economy is strengthening, other countries are threatening to drag it down. More>>

Plane crash bodies removed from war zone Video included

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A train bearing the dead from the downed Malaysian airliner finally reached Ukrainian government-held territory Tuesday, but the pro-Russian separatists in control of the crash site showed little willingness to allow the... More>>

Big issues loom for Congress as Aug. recess nears

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Pressure is on Congress to act in the next two weeks on several problems, from keeping highway projects on track and easing wait time for veterans seeking health care to the humanitarian crisis at the U.S.-Mexico border. More>>

NY judge orders 24-7 Argentina debt talks

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A federal judge Tuesday ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years, saying a default would hurt "real people." More>>

US stocks climb as earnings reports roll in

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Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday. More>>

Solid earnings drive more gains in US stocks

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U.S. stocks are closing higher as more companies turn in solid earnings. More>>

Bond insurers vow to fight Detroit financial plan

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Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city's bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led... More>>

Amid sanctions, France in warship sale to Russia

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France says it will go ahead with the sale of a warship to Russia despite calls for an arms embargo against the country, highlighting how Europe's strong business ties are hindering its ability to punish Moscow over... More>>

Gaza blockade key to any Israel-Hamas truce deal Video included

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Ibrahim Zain was driven from his home by Israeli tank fire this week, but says he'd rather endure more Israel-Hamas fighting than accept an unconditional cease-fire he fears will leave in place the blockade of the Gaza... More>>

European agency urges airlines to avoid Tel Aviv Video included

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The European Aviation Safety Agency says it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv. More>>

US job-training review emphasizes data, employers

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As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday. More>>

Coke's sales miss estimates as Diet Coke flags

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Coca-Cola Co. reported sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America. More>>

Saudi stock market to allow foreign investment

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The Saudi government has approved a measure that will open the region's largest stock market to direct foreign investment next year, news that sent the exchange surging Tuesday to its highest level in nearly seven years. More>>

Appeals court in Va. upholds health care subsidies

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A federal appeals court in Virginia has upheld tax subsidies for low- and middle-income people who buy insurance under the Obama administration's health care reform law. More>>

McDonald's profit slips; US sales decline

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McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag. More>>

Verizon launches rewards program with tracking

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Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their... More>>

US home sales increase 2.6 percent in June

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Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum. More>>

Credit Suisse in steep loss after US tax case

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Credit Suisse, Switzerland's second-biggest bank, posted a second-quarter net loss of 700 million Swiss francs ($779 million) Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case. More>>

Stocks move higher; Comcast, Lockheed gain

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U.S. stocks are moving higher in midday trading as more companies turn in solid earnings reports. More>>

Ukraine tensions see euro come off boil

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The euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia. More>>

US consumer prices up 0.3 percent in June

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U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year. More>>

Stocks open higher; Comcast, Lockheed gain

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U.S. stocks are moving higher in early trading as more companies turn in solid earnings reports. More>>

Marlboro maker Altria's 2Q profit stays flat

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Marlboro maker Altria Group posted flat second-quarter earnings Tuesday as higher prices helped to offset decline in the number of cigarettes it sold. More>>

Verizon 2Q profit rises 93 percent

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Verizon reported Tuesday that its second-quarter earnings nearly doubled after it secured full ownership of Verizon Wireless. More>>

Oil gains further on concerns over Ukraine, Gaza Video included

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By PABLO GORONDI Associated Press The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza, the standoff over the shooting down of a Malaysian airliner in Ukraine... More>>

CIT Group buying OneWest Bank in $3.4B deal

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CIT Group will buy privately owned OneWest Bank in a $3.4 billion cash-and-stock deal. More>>

DuPont 2Q profit climbs 3.9 percent

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DuPont Co. (DD) on Tuesday reported net income that climbed by 3.9 percent in its second quarter, matching analyst expectations. More>>

Axed Nokia X phones suffered from lack of identity

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The Nokia X phones that Microsoft discontinued this week blend two rival operating systems, but leave out the best of each. More>>

Verizon boosts FiOS uploads to match downloads

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Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online. More>>

Amazon rolls out 'Netflix-for-books' style service

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Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users. More>>

Detroit retirees vote in favor of pension cuts

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Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history. More>>

Rebels release train with bodies from downed jet Video included

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Bowing to international pressure, pro-Moscow separatists released a train packed with bodies and handed over the black boxes from the downed Malaysia Airlines plane, four days after it plunged into rebel-held eastern Ukraine. More>>

Judge tosses Wisconsin senator's health care suit

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A federal judge on Monday dismissed a U.S. senator's lawsuit challenging a requirement that congressional members and their staffs to obtain government-subsidized health insurance through small business exchanges,... More>>

JetBlue pilot among 6 arrested in Boston drug bust

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A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common. More>>

Beef pollutes more than pork, poultry, study says

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Raising beef for the American dinner table does far more damage to the environment than producing pork, poultry, eggs or dairy, a new study says. More>>

US stock slip to start the week; Six Flags sinks

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The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil. More>>

Weak earnings, Ukraine tensions weigh on stocks

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Stocks are closing lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. More>>

Star Wars Car, a Doomsday doll: Toys of Comic-Con

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When it comes to designing coveted collectible toys for sale at Comic-Con, the annual celebration of pop culture lifting off Thursday in San Diego, the sky's the limit for the designers at Mattel. Fittingly, the... More>>

German supermarket tycoon Albrecht dead at 94

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Karl Albrecht, co-founder of the Aldi grocery store empire and one of the world's richest people, has died in the western German city of Essen. He was 94. More>>

Allergan to cut 1,500 employees in restructuring

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By TOM MURPHY AP Business Writer Botox maker Allergan will cut about 13 percent of its workforce as part of a push to become more efficient while it fights a hostile takeover bid from Valeant... More>>

US stocks slip following mixed company earnings

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Stocks are moving lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. More>>

Oil prices rebound above $103 on geopolitical risk

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By PABLO GORONDI Associated Press Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya. More>>

US stocks open lower as more earnings roll in

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Stocks are opening lower as more U.S. companies turn in their quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine. More>>

US companies report rising sales, employment in 2Q

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Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business... More>>

Russia's Severstal selling US plants for $2.3B

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Russian steel company Severstal is exiting the U.S. market, selling a pair of steel plants to AK Steel and Steel Dynamics for about $2.33 billion. More>>

Tesco chief Philip Clarke to step down

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Tesco says Chief Executive Officer Philip Clarke will be stepping down after the latest earnings figures showed Britain's largest retailer by revenue struggled at home. More>>

RJ Reynolds vows to fight $23.6B in damages

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The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer. More>>

Family spokesman: Ex-Oregon Gov. Vic Atiyeh dies

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Vic Atiyeh, Oregon's last Republican governor who shepherded the state through a deep recession during two terms in the 1980s, died Sunday night, a family spokesman said. More>>

After hybrid success, Toyota gambles on fuel cell

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Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker. More>>

Facebook tests 'Buy' button

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Facebook is testing a "Buy" button in its latest effort to help businesses boost their sales through the world's biggest online social network. More>>

Google's 2Q revenue gains eclipse earnings miss

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Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue. More>>

Microsoft CEO pivots sharply with 18,000 job cut Video included

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Microsoft announced the biggest layoffs in its 39-year history Thursday, outlining plans to cut 18,000 jobs in a move that marked the CEO's sharpest pivot yet away from his predecessor's drive for the company to... More>>

Q&A: How Malaysia Airlines can salvage its brand

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By The Associated Press Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its jets,... More>>

Plane crashes near New York's Lake Placid; 3 dead

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A small plane crashed Saturday while attempting to land at an airport near Lake Placid, killing all three people on board. More>>

Airlines symbolize nations' hopes or reflect shame

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The jetliner is much more than a machine used to get from one spot to another. It often carries deep symbolism, especially when flying for a national airline. More>>

Bodies from downed jet piled in boxcars in Ukraine Video included

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Pro-Moscow rebels piled nearly 200 bodies from the downed Malaysian jetliner into four refrigerated boxcars Sunday in eastern Ukraine, and cranes at the crash scene moved big chunks of the Boeing 777, drawing condemnation... More>>

Why airlines didn't avoid risky Ukraine airspace Video included

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By DAVID KOENIG and SCOTT MAYEROWITZ AP Airlines Writers The shooting down of a Malaysian Airlines plane with nearly 300 people on board over war-torn eastern Ukraine is likely to have profound... More>>

Distraught Dutch mother: 'Send my children home'

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A distraught, grieving mother summed up a swelling mood of despair and anguish in the Netherlands on Sunday at faltering efforts to repatriate the bodies of loved ones killed in the downing of Malaysia Airlines Flight 17,... More>>

'Apes' outmuscles 'The Purge' at box office

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The summer box office continued to lack mojo, as the R-rated "Sex Tape" failed to turn on moviegoers over a weekend where "Dawn of the Planet of the Apes" maintained its rule. More>>

Lightning a threat to ND saltwater disposal sites

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Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling - not the oil... More>>

FedEx charged with assisting illegal pharmacies

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Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions. More>>

States sue 5-Hour Energy over ad claims

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Two attorneys general from the Northwest have sued the companies responsible for the popular 5-Hour Energy drink, alleging they engaged in deceptive advertising. More>>

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