Business & economy news - ABC21: Your Weather Authority

Chinese leader arrives for Africa visit as US interest wanes

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Chinese president arrives for Africa visit as US interest under Trump wanes. More>>

Fiat Chrysler chooses Jeep exec Manley to replace ailing CEO

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The boards of Fiat Chrysler, Ferrari and CNH Industrial meet after CEO Sergio Marchionne's surgery. More>>

Cuba approves new leader's Cabinet with old faces in place

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Cuban lawmakers approved the Cabinet named by new President Miguel Diaz-Canel, keeping most of the ministers from Raul's Castro government in place, except for in the key post of economic reforms. More>>

Democratic socialism surging in the age of Trump

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In all corners of America, democratic socialism surging in the age of Trump. More>>

The Latest: New FCA chief Manley had been seen as a star

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Fiat Chrysler Automobiles' board of directors has recommended that Jeep executive Mike Manley executive replace seriously ill Sergio Marchionne as CEO of the automaker. More>>

Director James Gunn fired from 'Guardians 3' over old tweets

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James Gunn has been fired as director of "Guardians of the Galaxy Vol. 3" because of old tweets that recently emerged where he joked about subjects like pedophilia and rape. More>>

'Wonder Woman,' 'Aquaman' and 'Shazam!" thrill Comic-Con

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Gal Gadot and director Patty Jenkins unveil early 'Wonder Woman 1984' footage at Comic-Con. More>>

MGM turns to never-tested law to sue Vegas shooting victims

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The unprecedented move from MGM Resorts International to sue hundreds of victims of last year's mass shooting in Las Vegas relies on an obscure U.S. law never tested in court. More>>

Stocks end slightly lower as traders shrug off trade talk

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US stocks are drifting between small gains and losses as traders shrug off the latest trade threats from President Donald Trump. More>>

Congress abandons bid to reverse Trump deal with ZTE

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Congress is abandoning an effort to clamp down on the Chinese telecom giant ZTE in a defense bill. More>>

Analysts: Trump tariff threats unlikely to yield trade deals

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Trump indicates willingness to hit all Chinese imports with tariffs, sending markets sharply lower. More>>

Mnuchin: Overall US economy not harmed by trade battles

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US Treasury Secretary Steven Mnuchin said Saturday that the overall U.S. economy has not been harmed by the trade battles set off by President Donald Trump's get-tough policies although some individual sectors have been hurt. More>>

Treasury Secretary: Trump not threatening Fed's independence

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U.S. Treasury Secretary Steven Mnuchin said Donald Trump was not trying to put pressure on the Federal Reserve when he criticized its decision to raise interest rates. More>>

Colorado VA hospital plagued by delays, high costs to open

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It's more than $1 billion over budget and five years behind schedule, but an elaborate new veterans hospital is finally opening in suburban Denver with the promise of state-of-the-art medical care. More>>

Bayer to stop sales of birth control device tied to injuries

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The maker of a permanent birth control implant said Friday it will stop selling the device in the U.S. at the end of the year. More>>

Zuckerberg's Holocaust comment puts Facebook on the spot

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Facebook CEO Mark Zuckerberg says that while he finds Holocaust denial "deeply offensive," he doesn't believe that such content should be banned from Facebook. More>>

Disney streaming could get boost as Comcast drops Fox bid

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Comcast drops out of fight for control of Twenty-First Century Fox's entertainment business. More>>

Microsoft profit up, aided by cloud rivalry with Amazon

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Microsoft Corp. on Thursday reported fiscal fourth-quarter profit of $8.87 billion, boosted in part by its efforts to rival Amazon as a key cloud computing provider for retailers and other businesses. More>>

Facebook suspends Boston analytics firm over data usage

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Facebook says it has suspended a Boston-based analytics firm while it investigates how it collects and shares Facebook and Instagram's user data. More>>

Egypt hikes natural gas prices by up to 75 percent

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Egypt has raised natural gas prices for households and businesses by between 33.3 and 75 percent. More>>

UK PM May and her Brexit vision get little sympathy from EU

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British Prime Minister Theresa May is in Northern Ireland promoting her latest Brexit plan. More>>

Japan's Abe: US auto tariffs will cost US jobs, harm economy

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Japan's Prime Minister Shinzo Abe has warned the U.S that higher tariff on auto imports would backfire and harm not only America's jobs and economy but also devastate the global economy. More>>

Hawaii town hopes lava tourism will bring economic relief

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Authorities in Hawaii want to set up a site where the public can view lava erupting from Kilauea volcano. More>>

Putin vows to hear 'all opinions' in pension controversy

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Russian President Vladimir Putin appears to trying to tamp down public distress over a proposal to raise the state retirement pension age, saying that he will listen to "all opinions" on the matter. More>>

Netflix unveils first 8 Shonda Rhimes projects for platform

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Netflix announces the first of 8 shows Shonda Rhimes and her company are producing for the streaming giant. More>>

Merkel: German govt is solid despite fight over migration

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German Chancellor Angela Merkel is to face questions at her annual summer news conference over the government's handling of the thorny issue of migration and Berlin's fraught relationship with the United States under Trump. More>>

Nevada's path forward unclear after twice-delayed execution

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Courts twice have blocked Nevada from carrying out its first execution in 12 years using a never-tried combination of drugs that it created after struggling to get lethal injection supplies. More>>

Singapore: Hack of 1.5M patients' records targeted PM Lee

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A cyberattack on Singapore's public health system breached records on 1.5 million people and targeted the prime minister, a two-time cancer survivor. More>>

Elon Musk apologizes for comments about cave rescue diver

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Elon Musk has apologized for calling a British diver involved in the Thailand cave rescue a pedophile. More>>

The Latest: Mulvaney defends Trump's Fed comments

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The Latest: White House Budget Director Mulvaney defends Trump's Fed comments. More>>

Finnish brewery creates quirky beer for Trump-Putin summit

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Finnish brewery pays humorous tribute to U.S. Russian summit in Helsinki with a limited-edition beer, urges Trump, Putin to settle things "like adults". More>>

Mark Wahlberg buying auto dealership in Ohio

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Mark Wahlberg wants you to see the U.S.A in a Chevrolet as he launches first car dealership. More>>

Philadelphia's tax on soda upheld by state Supreme Court

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Pennsylvania's highest court is upholding Philadelphia's tax on soda and other sweetened drinks, rejecting a challenge by merchants and the beverage industry. More>>

Contractor gets prison term for defrauding Sandy victims

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A contractor convicted of scamming dozens of New Jersey homeowners out of nearly $2 million following Superstorm Sandy has been sentenced to 10 years in state prison. More>>

EU ruling against Google opens 'opportunity,' rival says

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European regulators' latest swipe at the dominance of U.S. tech giant Google could open new opportunities for rivals in search and web browsers _ that is, if handset manufacturers decide to make the most of the opening. More>>

Paramount fires its top television executive over comments

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Paramount says it has fired the head of its television division for making unspecified inappropriate statements that drew complaints from employees. More>>

Trump slams rate increases by independent Federal Reserve

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President Donald Trump is casting aside concerns about the Federal Reserve's independence and says he's "not happy" with the central bank's interest rate increases. More>>

Chinese president meets top leaders in 1st visit to UAE

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Chinese President Xi Jinping is in the United Arab Emirates meeting with top leaders as the two countries seek to deepen economic ties. More>>

Big move for Big Bird: Sesame Street is entering classrooms

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The Sesame Street company is taking its beloved, critically acclaimed brand of educational television into the highly profitable world of classroom curriculum. More>>

Trump on EU's $5B fine against Google: 'I told you so!'

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President Donald Trump says the European Union's record $5 billion fine against tech giant Google proves his point that the EU is taking advantage of the U.S. Trump is engaged in a running dispute with the EU over its trade practices. More>>

Alaska spaceport shortlisted for Rocket Lab launch site

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A California-based rocket company has shortlisted the Kodiak spaceport as a possible permanent home for its launches. More>>

Turkey, US officials hold talks on upcoming Iran sanctions

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Turkey's foreign ministry says it is monitoring American sanctions on Iran, following a meeting with a United States delegation. More>>

Stocks drop after Trump says he's ready to step up trade war

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Asian stocks higher amid fears of more China, US tariff hikes. More>>

China's yuan falls against dollar, helping exporters

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China's yuan is drifting lower against the dollar, a move that could help Chinese exporters cope with U.S. tariff hikes but raises the risk of reigniting an outflow of capital. More>>

Trump aims to end automatic protections for some species

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The Trump administration wants to change how endangered species are protected by the U.S. government. More>>

FDA plans to ease OTC approvals for some prescription drugs

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FDA wants to make it easier for some prescription drugs to be sold over the counter. More>>

Auto industry urges US to hit brakes on proposed car tariffs

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Automakers, dealers and suppliers united in opposition to President Donald Trump's proposed tariffs. More>>

Trump promotes job training as employers search for workers

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President Donald Trump is pressing U.S. companies and trade associations to bolster their job training opportunities as employers search for qualified skilled workers to fill vacancies. More>>

IRS nominee clears Senate panel despite Democrat opposition

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Some Senate Democrats opposing IRS nominee to protest donor policy change. More>>

Asian markets fall as China, US ready for more tariffs

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US stocks are falling as weak results from some banks and consumer products companies weigh on the market. Online retailer eBay is sharply lower after a disappointing second-quarter report. More>>

In reversal, Pentagon now says it backs GOP measure on birds

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In an abrupt reversal, the Pentagon now says it supports a Republican proposal in a defense policy bill to bar the Fish and Wildlife Service from using the Endangered Species Act to protect two chicken-like birds in the western half of the U.S. More>>

DC Universe sets pricing plan for digital subscription

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A digital subscription service for DC Comics superfans is launching in fall of 2018 and has set its annual membership fee at $74.99. More>>

Global slavery report slams North Korea, repressive regimes

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A new report singles out North Korea as the country with the highest prevalence of modern slavery. More>>

Farmers fret and wait as US-China trade war escalates

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American farmers have put the brakes on unnecessary spending as the U.S.-China trade war escalates. More>>

Canadian marijuana company Tilray has first US pot IPO

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Another big first for the marijuana industry is in the books: A major Canadian cannabis company has completed an initial public stock offering in the United States, raising $153 million, just as Canada prepares to legalize the drug nationwide. More>>

Trump's pick to run consumer watchdog faces skeptical Senate

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Kathy Kraninger, President Donald Trump's nominee for the Consumer Financial Protection Bureau, faces the Senate Banking Committee, where is she is expected to face extremely hostile questioning from Senate Democrats. More>>

State governors delve into foreign diplomacy on trade war

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State governors discussed ways Thursday to court foreign investment in the wake of President Donald Trump's trade disputes with countries including China, Canada and Mexico. More>>

The Latest: GOP governor bolsters trade diplomacy with China

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A Chinese emissary is warning that a trade war with his country won't be easily won. More>>

UK investigators probe Russian access to Facebook data

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British authorities looking into inappropriate use of data gathered by political consultant Cambridge Analytica from millions of Facebook users say some of the systems that accessed the material appear to be in Russia or a group of former Soviet states. More>>

APNewsBreak: Twitter suspended 58 million accounts in 4Q

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APNewsBreak: Twitter has suspended more than 58 million user accounts in the final three months of 2017, according to data obtained by The Associated Press. More>>

Trump's says Biden is his 2020 'dream' Democratic opponent

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Trump says he dreams about running against Biden in 2020. More>>

The Latest: Trump: US needs 'people with training' for jobs

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Apple and Boeing are among the companies that are committing to President Donald Trump to provide increased training to their workers. More>>

Union Pacific's 2Q profit jumps as volume rises 4 percent

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Union Pacific Corp. hauled in 29 percent more second-quarter profit as the railroad handled 4 percent more shipments, but the results might have been better with some operational challenges. More>>

Votel: No new direction on Syria after Trump-Putin talks

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The commander of US forces in the Middle East says he has no new guidance from the Pentagon on cooperating with Russia in Syria. More>>

Belgium airspace closed for 2 hours over technical glitch

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The air traffic control center says that no airplanes can land or depart over Belgium because of technical glitch in its data system. More>>

EU preparing to hit back if US puts tariffs on car imports

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The European Union's trade chief says that the bloc is already preparing a list of "rebalancing measures" in case U.S. President Donald Trump would impose tariffs on imported cars and auto parts. More>>

EU urging members to step up plans for no-deal Brexit

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The European Union's executive arm is urging member states to prepare for all possible Brexit scenarios including one where Britain leaves the bloc in a disorderly fashion, and without a deal with Brussels outlining future relations or trade arrangements. More>>

Average US mortgage rates dip; 30-year at 4.52 percent

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Long-term U.S. mortgage rates edged slightly lower this week. Mortgage buyer Freddie Mac says the average rate on 30-year, fixed-rate mortgages slipped to 4.52 percent from 4.53 percent a week earlier. More>>

Why is Facebook keen on robots? It's just the future of AI

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Facebook is showing sudden interest in robotics, though it's not because it wants to build mechanical friends. More>>

The Latest: Watchdog nominee fails to sway Democrats

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Kathy Kraninger, President Donald Trump's nominee for the Consumer Financial Protection Bureau, faces the Senate Banking Committee, where is she is expected to face extremely hostile questioning from Senate Democrats. More>>

The Latest: Alabama factory worker warns against car tariffs

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The Latest: Proposed Trump auto tariffs would add $4,400 to price of typical new car, study finds. More>>

Lab-grown meat could be in restaurants in 3 years

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A Dutch company that presented the world's first lab-grown beef burger five years ago says it has received funding to pursue plans for artificially grown meat. More>>

Boeing, Airbus report roaring sales at close of Farnborough

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Airbus and Boeing are reporting surging demands for orders as the biannual Farnborough International Airshow. More>>

Chinese president visits UAE amid push to increase influence

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Chinese president visiting Abu Dhabi as the two countries look to strengthen trade ties, expand investment. More>>

Amazon pokes fun at glitches, says tech gadgets popular

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Amazon is hoping customers don't see any more dogs, after early problems on Prime Day meant people trying to shop got only images of the cute canines delivering an apologetic message. More>>

Global stocks drift lower as US considers more tariffs

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Asian stock markets drift lower as investors await further moves on trade. More>>

Saudi Arabia signs deal for 5 Spanish-built warships

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Saudi Arabian Military Industries says it has signed a with Spanish state-owned shipbuilder Navantia to establish a joint venture to supply five warships. More>>

Didi, SoftBank set up taxi-hailing joint venture in Japan

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Chinese mobile service giant Didi Chuxing and Tokyo-based SoftBank Corp. set up joint venture for taxi-hailing in Japan. More>>

Abu Dhabi awards $1.6 billion survey project to China's CNPC

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State-owned Abu Dhabi National Oil Company says it has awarded contracts worth $1.6 billion to China's largest state-owned oil company to conduct what is says it the world's largest continuous 3D offshore and onshore seismic survey. More>>

Japan's June trade surplus jumps, while US dealings slip

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Japan has recorded a trade surplus in June, including with the U.S., despite tariffs put in place by President Donald Trump. More>>

UK pound sinks below $1.30 after retail sales disappoint

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The British pound has fallen below $1.30 for the first time in ten months after disappointing retail sales news raised further questions over whether the Bank of England will raise interest rates next month. More>>

Jailed Audi chief seeks release pending German fraud probe

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Audi chief executive Rupert Stadler is seeking his release from jail during an ongoing investigation of suspected fraud as part of parent company Volkswagen's diesel emissions scandal. More>>

Frustrated US lawmakers threaten action on Trump's tariffs

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Congress is losing patience with the Trump administration's reliance on tariffs to win trade disputes. More>>

Japan prosecutors charge Kobe Steel in fake data scandal

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Prosecutors charge Japan's Kobe Steel for falsifying data on hundreds of products. More>>

Trump says Air Force One to get red, white and blue makeover

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Trump says new Air Force One will feature a red-white-and-blue color scheme. More>>

AmEx 2Q profit rises, but there are worry spots on lending

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American Express 2Q profits rise by 21 percent from a year ago, as the credit card giant saw more customers spending on its namesake cards and a much lower tax rate. But more customers are struggling to repay cards. More>>

Local councils go to court to stop London Heathrow expansion

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Five local government councils are going to court to stop the expansion of London's Heathrow Airport. More>>

Asian stocks drift as investors await fresh moves on trade

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US stocks are little changed as transportation companies including railroads and airlines rise following strong earnings reports, but energy companies slide along with oil prices. More>>

Lyft beefing up background checks after latest driver arrest

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Ridesharing company Lyft says it is beefing up its background checks after a driver arrested for rape was found to be an undocumented worker. More>>

US eases Obama-era coal ash pollution rules for utilities

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The Trump administration is easing rules for handling toxic coal ash from more than 400 coal-fired power plants across the U.S. after utilities objected to the regulations adopted under former President Barack Obama. More>>

Tesla Model 3 buyers lose patience and maybe tax credits

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Many on waiting list for cheaper Teslas worry they won't get cars until after tax credit is gone. More>>

EU fines Google a record $5 billion over mobile practices

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The European Union's antitrust chief is planning a statement Wednesday amid reports that her office will slap a record $5 billion fine on Google for abusing the market dominance of its Android mobile phone operating system. More>>

Regulators seek end to stricter oversight of Zions Bancorp

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Federal regulators seek removal of strict government oversight imposed on Zions Bancorp after the big regional bank received a taxpayer-funded bailout during financial crisis. More>>

Fed says trade war downturn could pose challenges

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Powell says Fed's ability to fight a downturn caused by trade war could get challenging. More>>

The Latest: Powell gets praise for plain speaking

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The Latest: Federal Reserve Chairman Powell delivers Fed's monetary report to House panel. More>>

Airline group faults Europe traffic controllers amid delays

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The world's biggest trade association of airlines is criticizing air traffic control agencies in Europe for seeking "super-normal profits" instead of working to improve performance, as air travelers have faced soaring delays this year. More>>

US launches national security probe into uranium imports

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US launches national security investigation into uranium imports. More>>

Netflix drops dud on Wall St. as subscriber growth flops

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Netflix's second-quarter subscriber growth disappoints investors, causing stock to fall 14 percent. More>>

Tennessee zipper company in crosshairs of buy-American laws

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A small zipper-making company in Appalachia is fighting to keep its pared-down staff occupied after it lost federal contracts to provide zippers for military uniforms. More>>

US housing starts tumbled 12.3 percent in June

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US housing starts drop 12.3 percent in June as homebuilders sharply curtailed pace of construction. More>>

MGM sues Vegas shooting victims in push to avoid liability

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MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas. More>>

Morgan Stanley 2Q profits jump 39 percent, helped by trading

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Morgan Stanley's 2Q profits rise by 39 percent, helped by strong performing on firm's trading desks. More>>

Texas Instruments' new CEO loses job for personal misconduct

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Texas Instruments dumps recently appointed CEO for bad behavior, brings back his predecessor to fill void. More>>

Millions in UK face water restrictions amid hot, dry weather

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Millions in northern England are facing a ban on using garden hoses or sprinklers amid one of the longest spells of hot and dry weather in years. More>>

The Latest: Johnson says it's not too late save Brexit

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Former UK Foreign Secretary Boris Johnson implored fellow lawmakers not to abandon Brexit, urging them to remember the initial enthusiasm for a sharp break from the European Union. More>>

Lawmakers warn Trump tariffs threaten local newspapers

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Members of Congress are warning that newspapers in their home states are in danger of layoffs, cutting coverage or going out of business entirely if the United States maintains recently imposed tariffs on Canadian newsprint. More>>

Swiss drugs giant Novartis says profit up as spinoff looms

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Novartis says net profit rose 3 percent in the second quarter amid strong growth for some of its top products, as the Swiss pharmaceuticals giant moves to spin off its Alcon eye-care business. More>>

Source: Uber facing probe into alleged gender discrimination

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Source says government regulators are investigating whether Uber's pay structure discriminated against the ride-hailing service's women workers. More>>

Marriott hotels eliminating plastic straws by 2019

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Marriott says it will eliminate 1 billion plastic straws annually by 2019. More>>

Study finds dramatic increase in 2018 Sundance attendance

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An economic impact study estimates that attendance at the 2018 Sundance Film Festival increased dramatically over the previous year. More>>

US optimism pushes stock markets mostly higher

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Asian stocks ease after rallying on Fed comments, solid US performance. More>>

The Latest: Industry, experts divided over EU fine on Google

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Analysts and tech companies are divided over the merits of the European Union's fine against Google for abusing the market dominance of its Android mobile operating system. More>>

New IRS policy allows some tax-exempt groups to veil donors

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The Trump administration is lifting requirements for some tax-exempt groups to disclose the identities of their donors to federal tax authorities. The change benefits groups that spend millions on political ads, such as the U.S. Chamber of Commerce. More>>

San Francisco to consider tax on companies to help homeless

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San Francisco voters will decide in November whether to tax large businesses to pay for homeless and housing services in a city struggling with income inequality. More>>

EU tries to limit influx of steel diverted by US tariffs

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The European Union has announced measures to shield its market from a glut of steel imports heading to the continent following the imposition of U.S. tariffs. More>>

Morgan Stanley posts profit of $1.30 a share, tops estimates

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Morgan Stanley posts profit of $1.30 a share, tops estimates. More>>

South Korea slashes jobs outlook, downgrades growth forecast

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South Korea is dramatically cutting its jobs outlook and slightly cutting its economic growth forecast. More>>

EU, US relations sinking further after divisive Trump tour

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After a week of the worst barrage of insults yet from U.S. President Donald Trump, the European Union is looking westward toward the White House less and less. More>>

FCC head has 'serious concerns' with Sinclair-Tribune deal

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The chairman of the Federal Communications Commission is raising "serious concerns" about Sinclair's $3.9 billion deal for Tribune's television stations. More>>

Man suspected in California serial rapes drove for Lyft

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Federal immigration authorities say a suspected serial rapist who is charged with posing as a Northern California ride-sharing driver to prey on his victims was living in the country illegally. More>>

Elon Musk's social media conduct may be bad for his business

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Elon Musk's social media conduct may be bad for business, could land him in court facing defamation lawsuit. More>>

Asian stocks rise as solid US performance lifts spirits

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US stock indexes are mostly lower Tuesday as big losses for Netflix affect consumer-focused companies and technology firms. More>>

The Latest: Comey urges voters to support Democrats in fall

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President Donald Trump will make remarks Tuesday afternoon about his meeting with Russian President Vladimir Putin, as he faces mounting criticism allies and foes alike about his failure to publicly condemn Russian election meddling. More>>

Powell says strong economy will keep rate hikes coming

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Fed Chairman Powell says strong economy points to gradual rate hikes. More>>

UnitedHealth posts big profit jump but sees room to improve

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UnitedHealth is reporting second-quarter earnings of $2.92 billion, for exceeding Wall Street expectations. More>>

Japan, EU sign trade deal to eliminate nearly all tariffs

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The European Union and Japan are signing a widespread trade deal that will eliminate nearly all tariffs. More>>

Blankfein to step aside as Goldman CEO, Solomon to take over

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Goldman Sachs' Lloyd Blankfein to retire, to be replaced by David Solomon. More>>

The Latest: Senators press Fed chairman on trade threats

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The Latest: Federal Reserve Chairman Powell says generally lower tariffs boost economic growth. More>>

WeWork takes meat off the menu at company events

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Office space sharing company WeWork says it will no longer serve red or white meat at company events and also won't allow employees to charge meat to the company. More>>

CSX 2Q profit jumps as railroad keeps cutting expense

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CSX. Corp. deliveres a 72 percent jump in its second-quarter profit as the railroad continued to cut its expenses and improve operations. More>>

JBS USA suspends shipments from Kentucky farm after video

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JBS USA, the U.S. branch of the world's largest meat producer, says it has suspended shipments from a pig farm where workers were shown hitting, kicking and throwing pigs on undercover video. More>>

Ocean Resort Casino joins New Jersey internet betting market

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Another New Jersey casino has gone online, with the launch of Ocean Resort Casino's internet gambling site. More>>

Missouri court gives jolt of life to long Midwest power line

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A proposal for a high-voltage power line carrying wind energy across the Midwest has received a jolt of new life after the Missouri Supreme Court ruled that regulators wrongly rejected it. More>>

Portland chosen for self-driving car pilot program

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A Maine city is among seven municipalities that have been selected to help test self-driving car technology. More>>

UK's May faces down revolt over Brexit trade bill

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The official group campaigning for Britain's exit from the European Union at the 2016 EU referendum has been fined and referred to the police for breaking electoral law. More>>

NAACP lifts travel advisory against American Airlines

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The NAACP is lifting its travel advisory against American Airlines, saying the company is address concerns that led to the warnings against African Americans flying on its airplanes. More>>

Judge lifts order for Los Angeles Times to change story

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A U.S. judge has lifted an order that required the Los Angeles Times to remove information from an article about a court document that was meant to be kept from the public. More>>

The Latest: UK's May halts revolt over Brexit trade bill

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British Prime Minister Theresa May faced down rebellion over her plans for the country's exit from the European Union, with lawmakers rejecting a key amendment on a Brexit trade bill. More>>

Kim slams local North Koreans for unfinished power plant

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North Korean leader Kim Jong Un harshly reprimanded local officials over the failure to finish building a hydroelectric power plant in a public rebuke indicating he's struggling to improve the economy. More>>

Rights group questions DEA exploit of encrypted cellphones

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Human-rights group questions DEA use of rigged smartphones designed to defeat encryption. More>>

Tenants allege Kushner firm pushed them out of their homes Video included

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Numerous current and former residents of a New York apartment building owned by Kushner's family real estate firm say they were targeted in a campaign to push them out. More>>

Defense contractor Raytheon reaffirms its commitment to UK

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Defense contractor Raytheon has reaffirmed its commitment to Britain amid ongoing political turmoil connected to its upcoming departure from the European Union. More>>

Germany, EU launch talks on Russia-Ukraine gas transit

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Germany is hosting the launch of European Union-brokered talks between Moscow and Kiev on the future transit of Russian gas through Ukraine after the current contract expires next year. More>>

Johnson & Johnson beats revenue, profit projections for 2Q

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Johnson & Johnson tops revenue and profit expectations. More>>

Goldman Sachs' 2Q profit up 44 pct; CEO Blankfein to retire

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Goldman Sachs posts 44 percent rise in 2Q earnings, driving by trading and investment banking. More>>

US industrial production rebounds 0.6 percent in June

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US industrial production rebounds 0.6 percent on rising factory output. More>>

World markets turn lower ahead of comments by Fed chair

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Asian markets mostly lower as trade tensions weigh on sentiment. More>>

Amazon's Prime Day runs into early snags

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Amazon is extending its annual "Prime Day" promotion to 36 hours this year and will try to lure more deal-seekers to the aisles of Whole Foods. More>>

Amazon workers strike in Europe to coincide with Prime Day

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Amazon workers in Spain are holding their second of a three-day strike over salary and working conditions coinciding with the online retailing giant's major shopping holiday. More>>

US challenges China, EU and others at WTO over steel tariffs

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US brings WTO cases against China, EU and others in dispute over American steel tariffs. More>>

China files WTO challenge to US $200B tariff plan

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China's government says it has filed a World Trade Organization case challenging U.S. President Donald Trump's plan to raise tariffs on Chinese goods worth $200 billion in an escalating dispute over technology policy. More>>

Russian media suggest Putin-Trump summit a step forward

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U.S. President Donald Trump might love what the Russian media are saying about him ahead of his meeting Monday with Russian leader Vladimir Putin. More>>

British PM accepts key amendments from hardline Brexiteers

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A former U.K. Cabinet minister from the ruling Conservative Party has called for a new Brexit referendum, an idea long assailed by the prime minister. More>>

Asian stocks fall, weighed by tensions over US trade tariffs

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US stocks are little changed in early trading as banks rise with interest rates and Bank of America climbs after a solid second-quarter report. More>>

APNewsBreak: State gets 5 more sports betting applications

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It's already late in the fourth quarter for some gambling companies' plan to offer legal sports betting in New Jersey before football season starts. More>>

IMF: World economy likely to grow 3.9 percent this year

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IMF keeps global growth forecast at 3.9 percent this year despite worries about trade tensions. More>>

Heading for clouds: Aviation sector faces trade turbulence

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Aircraft makers at the Farnborough International Airshow say thousands of jobs are at risk in this most international of industries as U.S. President Donald Trump raises tariffs and other countries retaliate. More>>

'Hotel Transylvania 3' tops charts, 'Skyscraper' stumbles

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"Hotel Transylvania 3: Summer Vacation" has checked into the No. 1 spot at the box office in its opening weekend and left the Dwayne Johnson action thriller, "Skyscraper," in the dust. More>>

US: Sanction exemptions open to those reducing Iran imports

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US officials say some businesses that continue to import Iranian oil after the re-imposition of sanctions on Tehran could avoid penalties by making "significant reductions.". More>>

Sparse details on Iowa plans that bypass Obama's health law

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An Iowa law approved this spring in the Republican-controlled Legislature would allow the conservative and politically powerful Iowa Farm Bureau to offer health plans that skirt requirements of the Affordable Care Act. More>>

Survey of economists: US sales and employment likely to grow

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Survey of economists: US sales, employment and wages will likely grow over next 3 months. More>>

Facebook faces UK fine over its data privacy scandal

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The chairman of the U.K. Parliament's media committee says the government office that investigated the Cambridge Analytica scandal has fined Facebook 500,000 pounds ($663,000) for failing to safeguard users' data. More>>

Dems: Novartis deal with Cohen sought access to policymakers

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A report released by a group of Senate Democrats says President Donald Trump's former personal lawyer was in frequent contact with top officials of the pharmaceutical giant Novartis as part of the lawyer's $1.2 million consulting deal with the company. More>>

EU official urges Trump, Putin not to destroy global order

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European Council President Donald Tusk has urged President Donald Trump and Russian President Vladimir Putin and China to work together to avoid trade wars and prevent conflict and chaos. More>>

EU says Airbnb must change presentation after complaints

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The European Union is giving Airbnb until the end of August to answer some EU complaints that the U.S. company's pricing presentation does not meet EU consumer standards. More>>

US retail sales rise at a healthy 0.5 percent pace in June

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US retail sales rose at a healthy 0.5 percent pace in June as optimistic consumers spend more. More>>

AP Exclusive: Billionaires fuel US charter schools movement

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Billionaires are influencing state education policy by giving money to state-level charter support organizations to sustain, defend and expand the charter schools movement across the country. More>>

Trump DOJ appealing judge's OK of AT&T-Time Warner merger

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Trump Justice Department is appealing US judge's approval of AT&T-Time Warner megamerger. More>>

US trade, immigration and biofuel policies hit farmers hard

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Farmers and agricultural economists are worried that president Donald Trump's trade, immigration and biofuels policies will cost farms billions of dollars in lost income and force some out of business. More>>

US firm tried to enlist ambassadors to help Russian company

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American lobbying firm sought to recruit ambassadors of several countries to help support Russian company sanctioned by US. More>>

Italy's Salvini doesn't exclude EU veto on Russia sanctions

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Italy's populist government is hoping to convince the European Union to lift sanctions against Russia but won't rule out using its veto if diplomacy fails. More>>

Egypt lawmakers decry bill 'selling' foreigners citizenship

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Egypt's parliament has backed a draft bill that grants foreigners citizenship if they deposit the sum of at least 7 million Egyptian pounds, or about $391,000, in a local bank, save it there for five years and reside in the country during that period. More>>

Bank of America 2Q profits boosted by tax law, higher rates

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Bank of America 2Q profits jump 33 percent, helped by lower tax bill and higher interest rates. More>>

5 years after declaring bankruptcy, Detroit reborn at a cost

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Detroit has seen a remarkable turnaround since becoming the largest U.S. city to declare bankruptcy five years ago this month. More>>

Financial forum: Virtual currencies need close monitoring

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An international forum on financial regulation say virtual currencies such as Bitcoin do not now pose a threat to global stability but cautions that "vigilant monitoring" is needed in light of a rapidly changing market. More>>

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