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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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China meat scandal hits Starbucks, Burger King

Jul 22, 2014

By JOE McDONALD, AP Business Writer

BEIJING (AP) — A suspect meat scandal in China engulfed Starbucks and Burger King on Tuesday and spread to Japan where McDonald's said the Chinese supplier accused of selling expired beef and chicken had provided 20 percent of the meat for its chicken nuggets.

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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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Airlines scrap Israel flights over missile fear

Jul 22, 2014

By The Associated Press

In a sign of increased caution about flying near combat zones, U.S. and European airlines halted flights to Israel Tuesday after a rocket landed near Tel Aviv's Ben Gurion Airport.

Delta Air Lines and United Airlines suspended service between the U.S. and Israel ...

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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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Obamacare hit by ruling, but subsidies to continue

Jul 22, 2014

WASHINGTON (AP) — President Barack Obama's health care law is enmeshed in another big legal battle after two federal appeals courts issued contradictory rulings on a key financing issue within hours of each other Tuesday.

A divided court panel in Washington called into question the subsidies that ...

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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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Coke's sales miss estimates as Diet Coke flags

Jul 22, 2014

ATLANTA (AP) — Coca-Cola Co. reported sales that fell short of Wall Street estimates on Tuesday as demand weakened for Diet Coke in North America.

Globally, the world's biggest beverage maker, said sales volume rose 3 percent in the second quarter, boosted by gains in places including China, India ...

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US home sales increase 2.6 percent in June

Jul 22, 2014

WASHINGTON (AP) — 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.

The National Association of Realtors said Tuesday that sales of existing homes increased ...

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Stocks open higher; Comcast, Lockheed gain

Jul 22, 2014

NEW YORK (AP) — U.S. stocks are moving higher in early trading as more companies turn in solid earnings reports.

Comcast rose 1.3 percent after reporting higher profits than investors were expecting. The giant cable TV company signed up more subscribers for Internet service.

Defense contractor ...

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