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APNewsBreak: Gov't finds health law co-ops awash in red ink

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Jul 30th - 1:32am

Nonprofit co-ops, the health care law's public-spirited alternative to mega-insurers, are awash in red ink and many have fallen short of sign-up goals, a government audit has found.

Asian stocks mixed after Fed leaves rates unchanged

Joe McDonald, Associated Press  |  Posted  Jul 29th - 11:00pm

Chinese stocks held steady Thursday following this week's turbulence while other Asian markets were mixed after the U.S. Federal Reserve left interest rates unchanged at a record low.

Israel passes law sanctioning force-feeding prisoners

Tia Goldenberg, Associated Press  |  Posted  Jul 30th - 3:40am

Israel's parliament passed a contentious law on Thursday that would permit the force-feeding of inmates on hunger strike, eliciting harsh criticism over the practice.

Alabama reaches $500,000 settlement in pharmaceutical probe

The Associated Press  |  Posted  Jul 30th - 3:10am

Alabama Attorney General Luther Strange says the state has reached a settlement in an investigation into allegations that a subsidiary of a pharmaceutical company improperly recalled over-the-counter drugs.

Spain's economy maintains fast growth in Q2

The Associated Press  |  Posted  Jul 30th - 3:10am

Spain's economy expanded by 1 percent in the second quarter compared with the previous three-month period, its best rate since before the economic crisis began in 2007.

Spain's Repsol profits down 44 percent in Q2

The Associated Press  |  Posted  Jul 30th - 2:20am

Spanish energy company Repsol says its second-quarter profit fell by 44 percent compared with the same period last year following a sharp drop in oil prices and given that 2014 profits had been boosted by a one-off capital gain.

Renault profit rises in 1st half on European rebound

The Associated Press  |  Posted  Jul 30th - 2:20am

French carmaker Renault has reported a sharp rise in its first-half profit as the European car market rebounded strongly in the period.

Deutsche Bank CEO: Q2 profits 'nowhere near good enough'

David McHugh, Associated Press  |  Posted  Jul 30th - 2:20am

Deutsche Bank's net profit rose in the second quarter, but legal expenses stemming from investigations of the bank's past conduct also increased and the bank's new co-CEO said its financial performance was unsatisfactory.

Drug firm AstraZeneca reports slide in earnings

The Associated Press  |  Posted  Jul 30th - 2:10am

Anglo-Swedish drug firm AstraZeneca says second-quarter net income fell 12 percent to $697 million as competition from generic drug companies reduced sales.

Here is the latest Idaho news from The Associated Press

The Associated Press  |  Posted  Jul 30th - 1:40am

Idaho horse breeders could end up empty-handed due to a dispute about how the money collected from lucrative betting machines should be distributed. The Idaho Racing Commission discussed the topic yesterday, but delayed making a decision until October. There is a disagreement over how much the breeder fund should be split between the thoroughbred and quarter horse accounts. If it's not solved by December, the money automatically goes to public schools.

Senate poised to approve 3-month extension to highway bill

Joan Lowy, Associated Press  |  Posted  Jul 30th - 1:32am

Facing a Friday deadline, the Senate is on track to shore up federal highway aid and veterans' health care, leaving a raft of unresolved issues for a jam-packed congressional agenda in the fall.

Royal Bank of Scotland reports rise in 2nd quarter profits

The Associated Press  |  Posted  Jul 30th - 1:20am

Taxpayer-owned Royal Bank of Scotland says second-quarter net income rose 27 percent to 293 million pounds ($458 million) as the British government prepares to sell its stake.

Sony quarterly profit up 3-fold on currency gains, sensors

The Associated Press  |  Posted  Jul 30th - 1:20am

Sony said quarterly profit rose threefold as foreign exchange gains and sales of image sensors and Playstation 4 software helped offset declines elsewhere.

Shell reports drop in Q2 profit to $3.9 billion

The Associated Press  |  Posted  Jul 30th - 1:00am

Oil giant Royal Dutch Shell says second-quarter net income fell 25 percent to $3.9 billion as the prolonged impact of lower crude prices continues to hurt the bottom line.

Sanofi reports higher profit in 2nd quarter

The Associated Press  |  Posted  Jul 30th - 12:51am

Drugmaker Sanofi has reported a sharp rise in profits in the second quarter as higher sales from its Cambridge, Mass.-based biotech unit Genzyme helped offset by cuts in the price of the company's diabetes treatment Lantus in the U.S.

Siemens net profit flat after restructuring charges

The Associated Press  |  Posted  Jul 30th - 12:31am

Germany's Siemens AG says net profit fell slightly in the most recent quarter as better earnings from sales of medical equipment were offset by slower business at its power and gas division.

Galaxy S6 fails to reverse profit decline at Samsung

Youkyung Lee, Associated Press  |  Posted  Jul 30th - 12:20am

Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales.

Environmentalists, unions protest Pacific trade pact in Maui

By Audrey BYAvoy, Associated Press  |  Posted  Jul 29th - 11:51pm

About 400 protesters blew conch shells on a Hawaii beach on Wednesday to demonstrate against a trade agreement being negotiated by ministers from 12 Pacific Rim nations.

US home rental prices climb again in June

Josh Boak, Associated Press  |  Posted  Jul 29th - 11:30pm

U.S. home rental prices climbed much faster than incomes in June. But there are signs of slowing momentum around New York, Los Angeles and Washington.