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US stocks recover from an early loss and are near breakeven

Ken Sweet, Associated Press  |  Posted  Jul 30th - 11:51am

After starting the day broadly lower, U.S. stocks recovered nearly all of their losses by mid-afternoon Thursday and were trading near breakeven. Investors remain focused on earnings. A batch of disappointing results from Procter & Gamble, Facebook and others weighed on the market. Investors are also looking over a report that showed the U.S. economy rebounded in the second quarter.

Nokia profit grows as networks division leads turnaround

Matti Huuhtanen, Associated Press  |  Posted  Jul 30th - 11:31am

Nokia enjoyed a solid 60 percent rise in net profit in the second quarter, with a good performance in its core networks division suggesting the Finnish company is succeeding in turning its business around since selling its handsets operation to Microsoft in 2013.

Executive, daughter on college trip killed in plane crash

Gretchen Ehlke and Mark Pratt, Associated Press  |  Posted  Jul 30th - 11:22am

The victims of fiery plane crash in Milwaukee were identified Thursday as a top executive at a Boston capital investment firm and his teenage daughter who were traveling to the Midwest for a college visit.

US economy posts solid 2.3 percent growth rate in Q2

Martin Crutsinger, Associated Press  |  Posted  Jul 30th - 10:41am

The U.S. economy posted a solid rebound in the April-June quarter after a harsh winter, led by a surge in consumer spending and a recovery in foreign trade that bode well for the rest of the year.

University of Alaska Fairbanks cuts $20 million from budget

The Associated Press  |  Posted  Jul 30th - 12:01pm

The University of Alaska Fairbanks has announced it will cut $20 million from its budget this upcoming year.

About 8,000 patients at Fort Bragg clinic to be reassigned

The Associated Press  |  Posted  Jul 30th - 12:01pm

About a quarter of the patients at Fort Bragg's Clark Health Clinic will be reassigned to other Army clinics because of a shortage of health care providers.

House Dem Kildee supports Obama's Iran nuclear deal

Laurie Kellman, Associated Press  |  Posted  Jul 30th - 12:01pm

A House Democrat who represents an American hostage in Iran says he supports the Iran nuclear deal.

Defendants in fatal hayride crash in Maine plead not guilty

The Associated Press  |  Posted  Jul 30th - 11:51am

All three defendants in a Halloween-themed hayride crash that killed a teenager and injured more than a dozen other passengers pleaded not guilty Thursday in their first court appearance.

Hercules recalling 90,000 SUV tires

The Associated Press  |  Posted  Jul 30th - 11:51am

An Ohio company is recalling about 90,000 SUV tires because the tread can separate, causing a loss of air and increasing the risk of a crash.

Senate panel passes bill lifting crude oil export ban

Kevin Freking, Associated Press  |  Posted  Jul 30th - 11:41am

A Senate panel has approved energy legislation that would lift the 40-year-old ban on crude oil exports and open some areas of the Outer Continental Shelf to oil and gas exploration.

Ex-NY Senate leader heading to trial on corruption charges

Tom Hays, Associated Press  |  Posted  Jul 30th - 11:41am

A former state Senate leader is set to go to trial this fall on charges he sold his office for the sake of his adult son.

Shell icebreaker retreats after showdown with protesters

Steven Dubois, Associated Press  |  Posted  Jul 30th - 11:41am

A Shell Oil icebreaker retreated Thursday after a showdown with environmental activists dangling from Portland, Oregon's tallest bridge.

Brilinta? Brintellix? FDA warns of drug name mix-ups

Marley Jay, Associated Press  |  Posted  Jul 30th - 11:31am

The Food and Drug Administration said Thursday that some doctors and pharmacies are getting confused by the similar names of an antidepressant and a blood-thinning medicine.

Iran says will ban US experts from UN nuclear inspections

The Associated Press  |  Posted  Jul 30th - 11:11am

Iran will not allow American or Canadian inspectors working for the U.N. nuclear watchdog to visit its nuclear facilities, an official said in remarks broadcast by state TV on Thursday.

Kremlin says Russia and France agree on refund for Mistral

The Associated Press  |  Posted  Jul 30th - 11:01am

A Kremlin aide says Russia and France have agreed on a refund amount for an undelivered French warship.

Senate passes 6-year highway bill, short-term patch needed

Joan Lowy, Associated Press  |  Posted  Jul 30th - 10:52am

The Senate passed a long-term transportation bill, but with House lawmakers already dispersed for their August recess, the bill will become just one more sticky issue on a jam-packed congressional agenda in the fall.

Prosecutors ask justices to review insider trading case

The Associated Press  |  Posted  Jul 30th - 10:41am

The Obama administration asked the Supreme Court Thursday to reinstate securities fraud convictions against two hedge fund portfolio managers, saying a federal appeals court ruling in the financiers' favor makes it harder to prosecute insider trading.

IMF won't join Greek bailout before reforms, debt relief

The Associated Press  |  Posted  Jul 30th - 10:31am

An International Monetary Fund official says the IMF cannot participate in another Greek bailout until Greece and its creditors make difficult decisions on economic reforms and debt relief.

Fiat Chrysler raises outlook as Q2 profit jumps 70 percent

Colleen Barry and Tom Krisher, Associated Press  |  Posted  Jul 30th - 10:31am

Fiat Chrysler Automobiles raised its outlook Thursday after strong North American sales and a European recovery drove second-quarter earnings up 70 percent despite hefty U.S. recall costs.