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US stocks mixed as earnings reports roll in

Jul 23, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — Stock indexes were mostly higher in late-morning trading Wednesday as investors weighed positive earnings in the technology sector against disappointing news out of aircraft giant Boeing and the appliance maker Whirlpool. Biotechnology stocks were ...

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New safety rules proposed to curb oil train fires

Jul 23, 2014

WASHINGTON (AP) — Thousands of older rail tank cars that carry crude oil would be phased out within two years under regulations proposed Wednesday in response to a series of fiery train crashes over the past year, including a runaway oil train that exploded in the Quebec town of Lac-Megantic,

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Despite sanctions call, UK approves arms to Russia

Jul 23, 2014

LONDON (AP) — 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 a report Wednesday.

A group of legislative committees that oversee ...

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EU seeks energy efficiency to ease Russia gas link

Jul 23, 2014

BRUSSELS (AP) — 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, particularly those from Russia.

The Commission proposed Wednesday to ...

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PepsiCo 2Q profit drops but tops estimates

Jul 23, 2014

PURCHASE, N.Y. (AP) — PepsiCo Inc. said Wednesday that its profit fell by 2 percent on restructuring charges in its second quarter, but that sales volume ticked up for its snacks and drinks.

The company, which owns Frito-Lay, Gatorade and Quaker, raised its earnings-per-share outlook for year. It ...

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Delta 2Q profit rises 17 percent

Jul 23, 2014

ATLANTA (AP) — Delta Air Lines Inc. (DAL) on Wednesday reported earnings that climbed by 17 percent in its second quarter, and topped analysts' expectations.

The Atlanta-based company said net income increased to $801 million, or 94 cents per share, from $685 million, or 80 cents per share, in the ...

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Boeing 2Q profit climbs 52 percent

Jul 23, 2014

By The Associated Press

Boeing Co. (BA) on Wednesday reported profit that increased by 52 percent in its second quarter, and topped analysts' expectations.

The Chicago-based company said net income increased to $1.65 billion, or $2.24 per share, from $1.09 billion, or $1.41 per share, in the same ...

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Oil stays above $102 amid Gaza peace efforts

Jul 23, 2014

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 on Russia that fell short of a heavy hit.

By early afternoon in Europe, the benchmark U.S. oil ...

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

Jul 23, 2014

WASHINGTON (AP) — Regulators are expected to vote Wednesday 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.

The idea is to minimize the risk of a mass withdrawal from the funds during ...

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Women business owners face gender gap, report says

Jul 23, 2014

By JOYCE M. ROSENBERG, AP Business Writer

NEW YORK (AP) — 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.

The report by Democratic staffers of the Senate Small Business &

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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 in China were detained by police Wednesday after an official said illegal activity was an organized effort by the supplier.

China's ...

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Global stocks bolstered by US earnings, home sales

Jul 23, 2014

By YOUKYUNG LEE, AP Business Writer

SEOUL, South Korea (AP) — Global stocks mostly rose Wednesday, bolstered by solid U.S. earnings and home sales as tensions between Russia and the West over Ukraine eased.

Europe markets opened with moderate gains. Britain's FTSE 100 gained 0.2 percent to 6,806.46 ...

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Spanish economic growth seen gathering pace in Q2

Jul 23, 2014

MADRID (AP) — 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.

In provisional estimates released Wednesday, the bank raised its predictions for economic growth in 2014 from 1.2 ...

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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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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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