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Flight bans show skittishness over trouble spots

Jul 23, 2014

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 following last week's downing of a passenger plane over Ukraine.

Delta Air Lines turned around one of ...

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China detains employees of suspect meat seller

Jul 23, 2014

By JOE McDONALD, AP Business Writer

BEIJING (AP) — Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.

China's food safety ...

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In international flight, volatile conflicts abound

Jul 23, 2014

By AYA BATRAWY, Associated Press

DUBAI, United Arab Emirates (AP) — 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 leftover from the ...

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Agents get subsidized 'Obamacare' using fake IDs

Jul 23, 2014

WASHINGTON (AP) — Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law.

The weak link in the system seemed to be call centers that handled applications for thousands of consumers unable to get through ...

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AP source: Thieves got into 1K StubHub accounts

Jul 23, 2014

By JENNIFER PELTZ, Associated Press

NEW YORK (AP) — 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.

Arrests were expected in a case that sprawled across ...

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Dueling rulings: Courts split on health law clash

Jul 22, 2014

WASHINGTON (AP) — 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.

But the split rulings don't necessarily mean another trip to the Supreme Court ...

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

Jul 22, 2014

REDMOND, Wash. (AP) — 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 search — would become profitable in 2016.

The agenda,

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

Jul 22, 2014

NEW ORLEANS (AP) — 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 his earlier conviction.

Federal prosecutors allege that ...

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Apple post biggest earnings gain in nearly 2 years

Jul 22, 2014

SAN FRANCISCO (AP) — 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.

The latest evidence of Apple's mounting momentum emerged Tuesday with the release of the ...

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CEO: Rivers to quit Clippers if Sterling stays

Jul 22, 2014

LOS ANGELES (AP) — Los Angeles Clippers interim CEO Richard Parsons testified Tuesday that coach Doc Rivers told him he'll quit if Donald Sterling remains the owner of the team.

Parsons made the statement in a trial to determine whether Sterling's wife Shelly Sterling can sell the team for $2 ...

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NY judge orders 24-7 Argentina debt talks

Jul 22, 2014

NEW YORK (AP) — 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."

U.S. District Judge Thomas Griesa in Manhattan issued the order from the bench after describing why Argentina ...

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US stocks climb as earnings reports roll in

Jul 22, 2014

NEW YORK (AP) — Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday.

The restaurant chain Chipotle Mexican Grill and the cable giant Comcast surged after reporting better results than Wall Street expected.

"The news today is pretty good," said JJ Kinahan,

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Amid sanctions, France in warship sale to Russia

Jul 22, 2014

By SYLVIE CORBET

PARIS (AP) — 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 the crisis in Ukraine.

Western powers say Russia is ...

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European agency urges airlines to avoid Tel Aviv

Jul 22, 2014

BERLIN (AP) — The European Aviation Safety Agency says it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv.

The recommendation by Europe's main aviation safety body came after the U.S. Federal Aviation Administration told U.S. airlines they are prohibited ...

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Contrarian's case: Why US could dip into recession

Jul 22, 2014

By BERNARD CONDON, AP Business Writer

NEW YORK (AP) — Just as the U.S. economy is strengthening, other countries are threatening to drag it down.

Employers in the U.S. are creating jobs at the fastest pace since the late 1990s and the economy finally looks ready to expand at a healthy rate. But ...

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US job-training review emphasizes data, employers

Jul 22, 2014

WASHINGTON (AP) — As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday.

Obama spoke at a signing ceremony for bipartisan job-training legislation aimed at improving business engagement and accountability in federally funded ...

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Bond insurers vow to fight Detroit financial plan

Jul 22, 2014

DETROIT (AP) — Companies that insure Detroit's bonds are repeating their pledge to aggressively challenge the city's plan to get out of bankruptcy.

Results released Monday night show city workers and retirees voted in favor of pension cuts. But bond insurers say retirees are being given special ...

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Comcast 2Q earnings top views on Internet hookups

Jul 22, 2014

PHILADELPHIA (AP) — 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.

The nation's largest cable provider topped Wall Street estimates and shares edged up in afternoon trading.

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Saudi stock market to allow foreign investment

Jul 22, 2014

RIYADH, Saudi Arabia (AP) — 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.

The Tadawul All Share Index closed up nearly 3 ...

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McDonald's profit slips; US sales decline

Jul 22, 2014

OAK BROOK, Ill. (AP) — McDonald's Corp. said its profit slipped in the second quarter as sales in the U.S. continued to flag.

The world's biggest hamburger chain has been struggling to boost sales in its flagship market amid intensifying competition, changing eating habits and the persistent ...

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