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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.

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.

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.

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

Danica Kirka, Associated Press  |  Posted  Jul 30th - 5:00am

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.

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.

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.