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Summer jobs help bring Spain's jobless rate down to 20 pct

Ciaran Giles, Associated Press  |  Posted  Jul 28th - 5:20am

Spain's unemployment rate dropped to 20 percent in the second quarter from 20.9 percent in the previous three-month period, official figures showed Thursday, offering some positive news for acting Prime Minister Mariano Rajoy as he tries to stay in office following a second inconclusive election last month.

Business school at Wayne State starts diversity institute

The Associated Press  |  Posted  Jul 28th - 5:00am

The Mike Ilitch School of Business at Wayne State University is starting an institute to integrate a focus on organizational diversity and inclusive leadership.

China confirms legal status of ride-hailing industry

Joe McDonald, Associated Press  |  Posted  Jul 28th - 4:40am

China's Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins with regulators.

Russia's customs chief resigns over corruption allegations

The Associated Press  |  Posted  Jul 28th - 4:20am

The Russian prime minister has accepted the resignation of the head of the customs agency, several days after investigators searched his home and founds hundreds of thousand dollars stashed in shoe boxes.

Strike for shorter hours disrupts Portugal's health services

The Associated Press  |  Posted  Jul 28th - 4:10am

Portuguese public health workers are staging a 48-hour strike to pressure the government into extending a new 35-hour week to more staff.

LG Electronics' profit up on TV, appliance but mobile in red

Youkyung Lee, Associated Press  |  Posted  Jul 28th - 3:51am

LG Electronics Inc. said Thursday its second-quarter net income jumped 19 percent thanks to strong sales of high-end TVs and home appliances that outweighed another quarterly loss in its handset business.

Another survey points to Brexit fallout for Britain

The Associated Press  |  Posted  Jul 28th - 3:50am

A broad-based European Union survey shows economic sentiment has taken a battering in Britain in the wake of the country's vote to leave the bloc, but has remained resilient elsewhere in Europe.

France's Total profit falls 30 percent due to oil price drop

The Associated Press  |  Posted  Jul 28th - 3:30am

French energy company Total SA says its net income fell 30 percent in the second quarter to $2.09 billion due to the impact of lower oil prices.

SoftBank profit up 19 pct as Japan sales offset Sprint loss

Yuri Kageyama, Associated Press  |  Posted  Jul 28th - 3:10am

SoftBank Group Corp., the Japanese technology company that owns U.S. wireless carrier Sprint Corp., reported Thursday a fiscal first quarter profit of 254.2 billion yen ($2.4 billion), up 19 percent from the same period last year.

Lloyds cuts 3,000 jobs as Brexit fears take shape

Danica Kirka, Associated Press  |  Posted  Jul 28th - 2:50am

Britain's Lloyds Banking Group said Thursday it plans to eliminate 3,000 jobs and close 200 branches — the first big cuts announced since Britain voted to leave the European Union.

VW sees second quarter profit halved after emissions scandal

The Associated Press  |  Posted  Jul 28th - 2:40am

Volkswagen says second-quarter profits fell by more than half compared with the same period last year, before the company was hit by the emissions cheating scandal.

Shell sees Q2 earnings fall 72 percent amid oil drop

Danica Kirka, Associated Press  |  Posted  Jul 28th - 2:40am

Royal Dutch Shell said Thursday that second-quarter earnings fell 72 percent as low oil prices weigh on the profitability of the Anglo-Dutch energy giant.

Correction: Nigeria-Oil Attacks story

The Associated Press  |  Posted  Jul 28th - 1:50am

In a story published July 27 about the arrest of a publisher in Nigeria, The Associated Press reported erroneously that the detainee was publisher of The Source. Jones Abiri is publisher of the Weekly Source newspaper, not The Source weekly news magazine.

Democratic donors, allies offer reward for Trump tax returns

Julie Bykowicz, Associated Press  |  Posted  Jul 28th - 1:41am

The wealthy Democratic donors, many of them executives who run complex businesses, know firsthand how revealing tax returns can be. Perhaps that's why they can't stop talking about Republican nominee Donald Trump's refusal to release his.

Credit Suisse turns 2Q profit, down sharply from a year ago

The Associated Press  |  Posted  Jul 27th - 11:50pm

Credit Suisse says second-quarter net profit plunged 84 percent as the Swiss bank pressed on with a restructuring and revaluation of its investment banking portfolio.

Judge dismisses charges against former Utah attorney general

The Associated Press  |  Posted  Jul 27th - 11:10pm

A judge dismissed pay-to-play charges against former Utah Attorney General Mark Shurtleff Wednesday, ending a high-profile case that landed soon after he wrapped up 12 years as the state's top lawman.

Did your ancestor hunt whales? Museum database offers clues

Mark Pratt, Associated Press  |  Posted  Jul 27th - 11:00pm

A digital list of the tens of thousands of men who embarked on whaling voyages out of New Bedford, from 10-year-old boys to a 70-year-old sailor who drank himself to death in South Africa, is a valuable resource for anyone researching their family's seafaring past. Just be warned: You might not like what you find.

Spared lobster dies during trip from Florida to Maine

The Associated Press  |  Posted  Jul 27th - 11:00pm

Larry the Lobster gained fame after it was spared from a boiling pot in Florida, but Maine officials say the crustacean didn't make it to retirement.

US confirms journalist jailed by China is American citizen

The Associated Press  |  Posted  Jul 27th - 10:51pm

The State Department says its diplomats have not been granted permission to meet with James Wang, a jailed magazine publisher and American citizen, since his 2014 arrest in southern China.

Regulators propose huge overhaul of debt collection industry

Ken Sweet, Associated Press  |  Posted  Jul 27th - 10:40pm

The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what's owed, and give people more ability to dispute their bills.