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Egypt asks IMF for $12 billion loan amid struggling economy

The Associated Press  |  Posted  Jul 27th - 9:02am

Egypt is in the "final stages" of negotiating an agreement with the International Monetary Fund to secure a $12 billion loan over three years, while targeting more loans totaling $7 billion annually, according to a Cabinet statement.

9/11 worker pleads for medical coverage with billboards

The Associated Press  |  Posted  Jul 27th - 9:01am

A New Jersey man who spent three weeks looking for survivors in the days after the 9/11 attacks is using billboards in a push to have his kidney disease added to the list of covered conditions by a fund to help Ground Zero workers with health problems.

Name and Shame? Obama points to Russia on DNC email hacking

Eric Tucker and Jack Gillum, Associated Press  |  Posted  Jul 27th - 9:00am

President Barack Obama's decision to identify Russia as almost certainly the culprit in hacking the Democratic National Committee and releasing politically embarrassing emails fits his administration's new penchant for openly blaming foreign governments for such break-ins.

WTO chief: global trade not main culprit for lost US jobs

Jamey Keaten, Associated Press  |  Posted  Jul 27th - 9:00am

Global trade is not the main cause for the loss of manufacturing jobs in places like the United States and needs to be defended from its critics, the chief of the World Trade Organization said Wednesday.

EU Commission refrains from fining Spain, Portugal

Raf Casert, Associated Press  |  Posted  Jul 27th - 8:51am

The European Union's executive refrained Wednesday from calling for heavy fines against Spain and Portugal for breaching budget rules and sought instead to set "new fiscal paths" for the two countries.

Coca-Cola cuts sales outlook amid weak international demand

The Associated Press  |  Posted  Jul 27th - 8:50am

Coca-Cola trimmed its sales outlook for the year Wednesday, citing weakening demand in major international markets including China and part of South America.

Orders for durable goods plunged in June

Martin Crutsinger, Associated Press  |  Posted  Jul 27th - 8:50am

Orders to U.S. factories for long-lasting manufactured goods fell in June by the largest amount in nearly two years, reflecting a big decline in the volatile category of commercial aircraft and broad weakness across a number of other areas. The key category that tracks business investment eked out a small gain.

Grain higher, livestock lower

The Associated Press  |  Posted  Jul 27th - 8:41am

Grain futures were higher Wednesday in early trading on the Chicago Board of Trade.

Baaaaaad! Ornamental sheep taken from senior center

The Associated Press  |  Posted  Jul 27th - 8:31am

A retirement and assisted living facility in New Jersey wants its sheep back.

Dubai's DP World reaches deal to expand port in Taiwan

The Associated Press  |  Posted  Jul 27th - 8:21am

Port operator DP World says it has reached a deal to help expand a seaport in Taiwan.

Pending US home sales improved slightly in June

Josh Boak, Associated Press  |  Posted  Jul 27th - 8:12am

The number of Americans who signed contracts to buy homes crept up in June, a possible indication that the recent growth in real estate sales is still on track.

Senator: Is Medicare drug plan vulnerable to exploitation?

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Jul 27th - 8:01am

A senior senator is examining whether Medicare's prescription drug benefit is vulnerable to manipulation by pharmaceutical companies that set very high prices for medications.

Spanish court convicts 11 in pyramid-scheme stamp fraud

The Associated Press  |  Posted  Jul 27th - 8:00am

Spain's National Court has sentenced 11 former company directors to prison terms of between two and 12 years for running a fraudulent multi-billion-euro (-dollar) pyramid scheme that used the savings of hundreds of thousands of small-time investors.

Fiat Chrysler raises outlook as Q2 profits jump 25 percent

Colleen Barry, Associated Press  |  Posted  Jul 27th - 8:00am

Fiat Chrysler Automobiles on Wednesday raised its earnings forecasts after reporting a 25 percent increase in second-quarter profits as SUV and truck sales offset the impact of slumping demand for passenger cars in North America.

Markets Right Now: US stocks open higher

The Associated Press  |  Posted  Jul 27th - 7:50am

The latest on developments in global financial markets (all times local):

Audit: Arkansas State study abroad program unorganized

The Associated Press  |  Posted  Jul 27th - 7:40am

Arkansas State University has begun the search for a new study abroad program director following an internal audit that says the school's study abroad programs were unorganized.

Nightclub shooting latest for city seeing rise in violence

Tamara Lush, Associated Press  |  Posted  Jul 27th - 7:31am

A couple of doors down from Club Blu, where a young man and a 14-year-old boy were killed while attending a teen party, shop owner Idis Edouard hoisted a rod above his head to gently move a girl's blue dress aside.

Former snack food company exec pleads guilty to $1.4M fraud

The Associated Press  |  Posted  Jul 27th - 7:10am

A former executive with a Pennsylvania potato chip and snack food company has pleaded guilty to defrauding the company out of roughly $1.4 million.

Altria 2Q profit tops Street; raises full-year outlook

The Associated Press  |  Posted  Jul 27th - 7:01am

Altria's second-quarter profit beat analysts' estimates, helped by lower costs. The company also boosted its full-year adjusted earnings outlook.

Kazakh state oil company starts legal case against Romania

The Associated Press  |  Posted  Jul 27th - 6:30am

Kazakhstan's state oil company says it has initiated legal proceedings against Romania after prosecutors froze its shares in the country's largest oil refinery.