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Russia's ruble extends its slide, reviving economic concerns

The Associated Press  |  Posted  Jul 30th - 4:50am

The Russian ruble is falling under the pressure of cheaper oil, reviving concerns over the country's economic outlook, particularly the perniciously high inflation rate.

Nokia profit grows as networks division leads turnaround

Matti Huuhtanen, Associated Press  |  Posted  Jul 30th - 4:30am

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.

US economy posts solid 2.3 percent growth rate in Q2, helped by strong consumer spending

The Associated Press  |  Posted  Jul 30th - 6:32am

US economy posts solid 2.3 percent growth rate in Q2, helped by strong consumer spending.

US cuts estimates for economic growth over past 3 years

Christopher S. Rugaber, Associated Press  |  Posted  Jul 30th - 6:32am

The U.S. economy grew more slowly over the past three years than the government had previously estimated, held back by more frugal consumers and steeper spending cuts by state and local governments.

Shell to cut jobs to cope with long period of cheap oil

Danica Kirka, Associated Press  |  Posted  Jul 30th - 6:31am

Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices.

Lower oil prices push Italian oil company Eni to Q2 loss

Colleen Barry, Associated Press  |  Posted  Jul 30th - 6:20am

Italian oil and gas company Eni on Thursday reported second-quarter losses of 113 million euros ($124 million) amid a sharp decline in oil prices, but raised its forecasts on production this year as new fields come on line.

Wildlife activist concern over oil on Uganda-Congo border

The Associated Press  |  Posted  Jul 30th - 5:41am

Activists are urging Uganda's government to reverse a decision to open for oil drilling a wildlife park on Uganda's border with Congo.

IBM's Watson computing technology learns Japanese

Yuri Kageyama, Associated Press  |  Posted  Jul 30th - 5:40am

The IBM Watson super-brainy computing technology, which has helped organize massive data as well as beaten champions on the Jeopardy TV show, is now learning Japanese.

Israel passes law sanctioning force-feeding prisoners

Tia Goldenberg, Associated Press  |  Posted  Jul 30th - 5:21am

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.

University of Alaska Fairbanks cuts $20 million from budget

The Associated Press  |  Posted  Jul 30th - 5:10am

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

Ex-'Top Gear' trio to host new car show for Amazon Prime

The Associated Press  |  Posted  Jul 30th - 5:00am

The former hosts of the BBC's popular "Top Gear" program, who left amid scandal over an off-set dustup, have signed up to present a new car show for broadcaster Amazon Prime.

Bankruptcy court denies Caesars Entertainment's quick appeal

The Associated Press  |  Posted  Jul 30th - 4:20am

A bankruptcy court that ruled lawsuits against Caesars Entertainment Corp. would not be halted as the company's debt-heavy subsidiary attempts to emerge from Chapter 11 has also denied the casino company's effort to fast-track an appeal of the decision to a higher court.

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.

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.

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.

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.