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The Latest: US stocks join the global market slump

The Associated Press  |  Posted  Feb 11th - 7:52am

The latest on the turmoil afflicting global financial markets (all times local):

PepsiCo's revenue in North America climbs, helped by pricing

Candice Choi, Associated Press  |  Posted  Feb 11th - 7:40am

PepsiCo said revenue for its North American snacks and drinks units rose in the fourth quarter, boosted by pricing.

Head of Google in Europe grilled by UK tax authorities

Danica Kirka, Associated Press  |  Posted  Feb 11th - 7:30am

A British parliamentary committee has grilled Google's head of European operations, questioning in blunt terms whether the Internet giant had paid its fair share of taxes.

N. Korea orders military takeover of inter-Korean factories

Ahn Young-Joon, Associated Press  |  Posted  Feb 11th - 7:30am

North Korea on Thursday ordered a military takeover of a factory park that had been the last major symbol of cooperation with South Korea, calling Seoul's earlier suspension of operations at the jointly run facility as punishment for the North's recent rocket launch a "dangerous declaration of war."

Fantasy sports companies defend embattled industry

Philip Marcelo, Associated Press  |  Posted  Feb 11th - 7:30am

Daily fantasy sports companies say their industry remains viable despite a rocky start to 2016.

Poland approves child benefits to aid families, boost births

Vanessa Gera, Associated Press  |  Posted  Feb 11th - 7:20am

Polish lawmakers passed a new child benefit scheme Thursday which will give monthly payments of 500 zlotys ($125) for all second and subsequent children in a family.

Reynolds American 4Q profit jumps, but misses forecasts

The Associated Press  |  Posted  Feb 11th - 7:11am

Cigarette maker Reynolds American's fourth-quarter profit shot up 89 percent compared to the final quarter of 2014, when earnings fell due to some one-time costs.

Applications for US jobless aid fell sharply last week

Josh Boak, Associated Press  |  Posted  Feb 11th - 6:51am

Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting stocks and commodities.

Witness: Spouse of Spain princess wanted sports deal 'toll'

The Associated Press  |  Posted  Feb 11th - 5:30am

A witness at the trial of Spain's Princess Cristina and 16 others has testified that the princess' husband wanted a commission of 300,000 euros ($339,000) as a "toll" to help the regional Balearic Islands government land a cycling sponsorship deal.

Sweden cuts key interest rate further below zero

The Associated Press  |  Posted  Feb 11th - 5:20am

Sweden's central bank, worried about a long period of low inflation, decided Thursday to cut its key interest further below zero to a record minus 0.50 percent — and didn't rule out further action.

Indonesia warns messaging apps to drop same-sex emoticons

The Associated Press  |  Posted  Feb 11th - 7:50am

Indonesia's government has demanded that instant messaging apps remove stickers featuring same-sex couples, in the latest high-profile attempt to discourage visible homosexuality in the socially conservative country.

Italy passes bank reforms, but shares drop further

The Associated Press  |  Posted  Feb 11th - 7:40am

Italian bank shares continue to slide despite the Cabinet's approval of a batch of long-awaited banking reforms.

Russia's ruble tumbles amid market turmoil

The Associated Press  |  Posted  Feb 11th - 7:10am

Russia's ruble has dropped nearly 2 percent amid the turmoil affecting global stock markets and oil prices.

Ex-executive due for sentencing in West Virginia spill

The Associated Press  |  Posted  Feb 11th - 7:00am

A former Freedom Industries executive is due in federal court for sentencing on a pollution charge in a chemical spill that fouled the drinking water supply of 300,000 West Virginians.

Slaughterhouse owner gets prison time for uninspected meat

The Associated Press  |  Posted  Feb 11th - 6:40am

The co-owner of a Northern California slaughterhouse at the center of a nationwide food recall two years ago has been sentenced to federal prison.

Weekly applications for US unemployment benefits fall to 269,000, a positive sign for hiring

The Associated Press  |  Posted  Feb 11th - 6:40am

Weekly applications for US unemployment benefits fall to 269,000, a positive sign for hiring.

Indian capital to curb cars again to control air pollution

The Associated Press  |  Posted  Feb 11th - 6:10am

The New Delhi government will restrict cars on the streets for another two weeks to fight the extreme air pollution that has made the Indian capital the world's most polluted city.

Massachusetts strengthens oversight of nursing homes

The Associated Press  |  Posted  Feb 11th - 5:40am

Massachusetts health regulators are strengthening oversight of nursing homes by creating a unit to conduct unannounced inspections and promising to fine problem-plagued facilities.

Bristol, Kingsport reclaim liquor-by-the-drink tax revenues

The Associated Press  |  Posted  Feb 11th - 4:50am

A chancellor has dismissed a lawsuit in which Sullivan County and the Sullivan County Board of Education sought about $2 million in liquor-by-the-drink tax revenues from Bristol and Kingsport.