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Stocks mostly lower in US after some weaker company results

Ken Sweet, Associated Press  |  Posted  Jul 30th - 10:11am

Stocks were slightly lower Thursday, following disappointing results from several big companies including Procter & Gamble, Whole Foods and Facebook. A positive report on U.S. economic growth did little to help the market.

California beaches remain open as source of oil slick sought

The Associated Press  |  Posted  Jul 30th - 9:22am

The Coast Guard hopes lab tests will determine the source of a mysterious miles-long oil slick floating about 1,000 yards off California's Santa Barbara County shoreline.

OPEC chief expects oil prices to stabilize

The Associated Press  |  Posted  Jul 30th - 9:11am

OPEC and Russia say they expect the global oil market to become more balanced and stable next year after the recent sharp drops.

Average US rate on 30-year mortgage falls to 3.98 percent

The Associated Press  |  Posted  Jul 30th - 9:11am

Average long-term U.S. mortgage rates fell for a second straight week, with the key 30-year rate slipping below 4 percent.

Greek leader seeks to quash rebellion with party vote

Menelaos Hadjicostis and Derek Gatopoulos, Associated Press  |  Posted  Jul 30th - 8:30am

In a bid to consolidate his political support and complete a crucial bailout with creditors, Greek Prime Minister Alexis Tsipras on Thursday called for a vote within his party to decisively sideline rebels opposed to the rescue deal.

US economy posts solid 2.3 percent growth rate in Q2

Martin Crutsinger, Associated Press  |  Posted  Jul 30th - 8:23am

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.

Defendants in fatal hayride crash in Maine plead not guilty

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

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.

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.

House Dem Kildee supports Obama's Iran nuclear deal

Laurie Kellman, Associated Press  |  Posted  Jul 30th - 10:31am

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

Serbia lottery chief resigns in live ticket draw scandal

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

The head of Serbia's state lottery resigned on Thursday following allegations of fraud during a live ticket draw this week.

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.

Shell icebreaker retreats after showdown with protesters

Steven Dubois, Associated Press  |  Posted  Jul 30th - 10:21am

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

US grads sue Rolling Stone over retracted campus rape story

Alan Suderman, Associated Press  |  Posted  Jul 30th - 10:21am

Three University of Virginia graduates and members of a fraternity who were portrayed in a debunked account of a gang rape in a retracted Rolling Stone magazine story filed a lawsuit against the publication and the article's author, court records show.

Prosecutors ask justices to review insider trading case

The Associated Press  |  Posted  Jul 30th - 10:20am

The Obama administration wants the Supreme Court to reinstate securities fraud convictions against two hedge fund portfolio managers. The administration says an appeals court ruling in their favor makes it harder to prosecute insider trading.

Ex-NY Senate leader, son plead not guilty to latest charges

The Associated Press  |  Posted  Jul 30th - 10:01am

A former New York state Senate leader and his son have pleaded not guilty to the latest charges against them in a corruption case.

Royal Bank of Scotland reports rise in 2nd quarter profits

Danica Kirka, Associated Press  |  Posted  Jul 30th - 9:22am

Second-quarter profit at taxpayer-owned Royal Bank of Scotland rose 27 percent, it announced Thursday, but warned the cost of past scandals may continue to weigh on earnings.

Media leaders debate future printing of LSU's Reveille

Elizabeth Crisp, Associated Press  |  Posted  Jul 30th - 9:21am

LSU student media leaders are weighing proposals for potentially drastic changes to campus news offerings, including possibly cutting the print frequency of LSU's Daily Reveille student newspaper.

Cigna posts Street-topping earnings

The Associated Press  |  Posted  Jul 30th - 8:51am

Cigna's second-quarter earnings rose nearly 3 percent, beating estimates as the health insurer predicted last week when it announced a plan to combine with bigger rival Anthem in a $48 billion deal.

Grain mixed, livestock higher

The Associated Press  |  Posted  Jul 30th - 8:51am

Grain futures mixed Thursday in early trading on the Chicago Board of Trade.