Business & economy news - FOX13 News, WHBQ FOX 13

Darden CEO to step down amid Olive Garden troubles

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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. More>>

Rule aims to help clear air around Grand Canyon

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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... More>>

FAA proposes to fine Southwest Airlines $12M

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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. More>>

Clarification: Fast Food Workers-Convention story

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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... More>>

Medicare's own health looking better, report says

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Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement. More>>

Stocks pause as traders await key economic news

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After dawdling between small gains and losses in a slow day of summer trading, the stock market ended little changed on Monday. More>>

House bill lets airlines advertise pre-tax fares

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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... More>>

Stocks end little changed ahead of earnings rush

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U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week. More>>

Russia ordered to pay $50 billion over Yukos

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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. More>>

Dollar Tree steps up fight, buys Family Dollar

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The fight for penny pinchers is intensifying. More>>

Lloyds bank settles with US, UK over market fixing

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Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate. More>>

A look at how Dollar Tree, Family Dollar differ

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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.... More>>

Red Lobster goes vertical on plate to push quality

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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. More>>

US stocks fall at midday on cooling home sales

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U.S. stocks are slightly lower in midday trading after a report of sluggish sales in the housing market. More>>

Cellphone unlocking set to become legal again

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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. 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>>

AP PHOTOS: Coal-exporting town fights rising seas

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Norfolk is trapped between the causes and consequences of global warming. More>>

New Spain king moves to clean up palace's image

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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. More>>

Virgin America files plans for IPO

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Virgin America's next destination is Wall Street. More>>

Contracts to buy US homes slip in June

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Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer. More>>

Zillow buying Trulia to make real estate titan

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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. More>>

German court receives suit against EU bank union

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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... More>>

Virus drugmaker fights pediatricians' new advice

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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. More>>

RPM Intl agrees to $797.5M deal on asbestos claims

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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. More>>

US stocks open mixed on Wall Street

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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. More>>

Tyson to sell Mexico, Brazil poultry operations

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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. More>>

Britain reopens way for fracking

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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. More>>

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

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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. More>>

US companies increasingly fish for growth overseas

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Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. More>>

Meat supplier: China unit fell short of standards

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A U.S. meat supplier said Monday a Chinese subsidiary embroiled in a safety scandal fell short of its requirements for maintaining high standards. More>>

Korean Air chief in line to lead Pyeongchang Games

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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. More>>

Nissan profit rises on strong sales, cheap yen

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Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China. More>>

Study: Embargo wouldn't hurt Russia

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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. More>>

EU hits Russian intelligence chiefs with sanctions

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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. 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>>

Not in my backyard: US sending dirty coal abroad

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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... More>>

Lyft says it's starting New York City service

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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. More>>

BSkyB to create multinational European TV network

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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... More>>

Comic-book convention organizers clash over name

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Organizers of two of the biggest comic-book conventions in the country are clashing over their names. More>>

US meat supplier in China withdraws products

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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. More>>

Oil rises just above $102 a barrel

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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. More>>

Cable on Ohio amusement park ride snaps, hurting 2

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An Ohio amusement park ride that swings riders as high as 125 feet has been closed indefinitely after a cable snapped, injuring two visitors. More>>

EU, US seek Putin Achilles' heel on Ukraine

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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. 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>>

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>>

GOP works to avert Senate upset in Georgia

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Republicans are on the offensive in the opening days of Georgia's Senate campaign, hammering Democrat Michelle Nunn as a rubber stamp for President Barack Obama and questioning her resume as a non-profit executive -... More>>

Survey: US gas prices fall 9 cents to $3.58

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A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58. More>>

'Lucy' tops 'Hercules' with $44M at box office

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Luc Besson's "Lucy" proved mind can overpower muscle, topping a remake of "Hercules" by director Brett Ratner at the box office on the weekend. More>>

Nissan expands recall prompted by faulty air bag

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Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry. More>>

Promises of easier nuclear construction fall short

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The U.S. nuclear industry has started building its first new plants in decades using prefabricated Lego-like blocks meant to save time and money and revive the once promising energy source. More>>

Obama: Offshore 'tax inversions' are unpatriotic

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President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. More>>

Report: China to declare Qualcomm a monopoly

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Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday. 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>>

Nokia sees brighter future without handset unit

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

Boeing CEO sorry for 'cowering' workers remark

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Boeing Co. CEO Jim McNerney apologized Friday for saying the aerospace giant's employees were "cowering" during his tenure, a comment one union official called "a new low" in the company's relationship with workers. More>>

Global tensions don't dent enthusiasm for stocks

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By STEVE ROTHWELL AP Markets Writer A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. More>>

Worries about US consumers drag stocks lower

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Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. More>>

FedEx charges raise online pharmacy issues

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FedEx Corp., the latest company accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions. More>>

Russian execs fear lasting damage from plane crash

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Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the downing of the Malaysian jetliner will bring about an international isolation that will cause serious and... More>>

Family feud sparks revolt at grocery store chain

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It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures. They're grocery store owners. More>>

Migrants: Obama urges Latin leaders, GOP to help

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Pressing for swift action, President Barack Obama on Friday urged Central American presidents and congressional Republicans to help ease the influx of minors and migrant families crossing the southwest border of the U.S. More>>

Russia: McDonald's food has 'too many calories'

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Nearly a quarter-century after McDonald's startled and delighted Soviets with their first taste of American fast-food culture, the company's now facing a suit that could ban it from selling some of its signature... More>>

Fast food workers prepare to escalate wage demands

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Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future... More>>

Disappointing results at Visa, Amazon hurt stocks

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The stock market is ending lower after Visa and Amazon posted disappointing results. More>>

House votes to boost child tax credit for some

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More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income... 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>>

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>>

Feds probe Dodge Charger alternator complaints

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The U.S. government's road safety agency is investigating complaints about engine stalling and alternator failures in Dodge Charger sedans. More>>

Disappointing results at Visa, Amazon dent stocks

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The stock market is falling in midday trading after Visa and Amazon posted weaker results than Wall Street expected. More>>

World stocks fall on US earnings, Russia sanctions

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Global stock markets turned lower on Friday after weak earnings from Visa and Amazon and as European countries planned a range of sanctions against some Russian businesses. More>>

Lufthansa, Air France to resume Tel Aviv flights

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Air France and Germany's two biggest airlines decided Friday to resume flights to Tel Aviv after canceling operations for several days over safety concerns. More>>

Cyprus passes international bailout review

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Cyprus' international creditors said Friday that the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has moved forward and more steps have been taken to... More>>

US agency probes Hyundai Sonata air bag problem

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U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas. More>>

US stocks ease on earnings results

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The stock market is lower in early trading after online retail giant Amazon posted a quarterly loss. More>>

Molson Coors Brewing CEO to retire at year's end

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Molson Coors Brewing President and CEO Peter S. Swinburn will retire at the end of the year. More>>

Orders for US durable goods up 0.7 percent in June

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Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. More>>

Son of S.Korea sunken ferry owner detained

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South Korean news agency says the eldest son of the sunken ferry owner has been detained by police after two months on the run. More>>

UK economy grows to surpass pre-crisis peak

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Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday. More>>

German business confidence drops for 3rd month

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German business confidence fell for a third consecutive month amid ongoing concerns about the economic impact of the crises in Ukraine and the Middle East, though consumer confidence in Europe's largest economy... More>>

Russia raises key rate amid Ukraine concerns

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Russia's central bank has unexpectedly raised its key interest rate in a bid to stem inflation and support the currency as the country faces increasing economic pressure over its policies in Ukraine. More>>

McNuggets pulled from sale in HK after meat scare

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McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. More>>

Towering worry: Small holes cause big jitters

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For the developers of the world's sixth tallest building near Seoul, a mysteriously shrinking lake and the appearance of small sinkholes in residential neighborhoods couldn't have come at a more inopportune time. More>>

Air Algerie jet with 116 on board crashes in Mali Video included

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An Air Algerie jetliner carrying 116 people crashed Thursday in a rainstorm over restive Mali, the third major international aviation disaster in a week. 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>>

NYC official: Thieves got into 1K StubHub accounts Video included

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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>>

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>>

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>>

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>>

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>>

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>>

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>>

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>>

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>>

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>>

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>>

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>>

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