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Swiss customs seize 578 pounds of ivory en route to China

The Associated Press  |  Posted  Aug 4th - 7:40am

Customs officials at Zurich airport have seized 262 kilograms (578 pounds) of ivory that three Chinese men had dispatched from Tanzania, contraband that may have come from up to 50 elephants, Swiss authorities said Tuesday.

Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend

Marcy Gordon, Associated Press  |  Posted  Aug 4th - 7:30am

Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages.

UPDATED

Senate blocks GOP bill to halt Planned Parenthood fed funds

Alan Fram, Associated Press  |  Posted  Aug 4th - 7:20am

The Senate blocked a Republican drive Monday to terminate federal funds for Planned Parenthood, setting the stage for the GOP to try again this fall amid higher stakes — a potential government shutdown that could echo into next year's presidential and congressional elections.

Greece: Prospect of new election grows, markets hit

Derek Gatopoulos, Associated Press  |  Posted  Aug 4th - 7:00am

Greece's left-wing government conceded Tuesday that dissent within the ruling party was likely to force an early election, while markets fell again under the weight of plummeting bank shares.

Rejuvel 3D "Will Transform Your Skin"

Beniley Wellness Center & Spa, Associated Press  |  Posted  Aug 4th - 6:00am

a skin cream called Rejuvel 3D that's based on NASA-developed technology.

CVS Health beats Street 2Q forecasts

The Associated Press  |  Posted  Aug 4th - 5:30am

CVS Health Corporation (CVS) on Tuesday reported second-quarter earnings of $1.27 billion.

Aetna tops 2Q profit forecasts

The Associated Press  |  Posted  Aug 4th - 4:20am

Aetna Inc. (AET) on Tuesday reported second-quarter earnings of $731.8 million.

China group to salvage South Korea's sunken ferry

Kim Tong-Hyung, Associated Press  |  Posted  Aug 4th - 6:51am

South Korea agreed to an 85.1 billion won ($73 million) deal with a Chinese-led consortium to salvage a ferry that sunk last year, killing more than 300 people. The formal contract could be signed as early as Wednesday.

Shire offers to buy Baxter drug spinoff for $30 billion

The Associated Press  |  Posted  Aug 4th - 6:40am

Irish drugmaker Shire PLC Is offering to buy Baxalta Inc. for about $30 billion in stock in a move to solidify its position in rare disease treatments.

Suspected norovirus outbreak at San Diego restaurant

The Associated Press  |  Posted  Aug 4th - 6:10am

Public health officials are investigating a suspected norovirus outbreak that caused dozens of people to fall ill after a banquet at a San Diego restaurant.

EU, Vietnam agree deal for free trade pact

The Associated Press  |  Posted  Aug 4th - 6:01am

The European Union and Vietnam clinched on Tuesday an agreement in principle on a new free trade deal that would see the lifting of most tariffs on goods.

14 illegal gold miners victims of landslide in Liberia

The Associated Press  |  Posted  Aug 4th - 5:00am

State radio in Liberia says 14 men illegally mining for gold in Liberia's west fell victim to a landslide. They were trapped under rubble and are presumed dead.

NYC Schools Chancellor forms new anti-cheating task force

The Associated Press  |  Posted  Aug 4th - 4:20am

New York City Schools Chancellor Carmen Fariña has created a new task force to crack down on cheating and academic dishonesty in public schools.

Toyota's quarterly profit up 10 pct on cheap yen, cost cuts

Yuri Kageyama, Associated Press  |  Posted  Aug 4th - 4:00am

Toyota's profit for April-June rose 10 percent on perks from a cheap yen and cost reduction efforts that offset lower vehicle sales.

BMW earnings slip on China, costs for new models

David McHugh, Associated Press  |  Posted  Aug 4th - 3:51am

German luxury automaker BMW saw net profit slip 1 percent in the second quarter amid higher costs to bring out new vehicles and a tougher market in China, a major pillar of its profits.

Town's leaders defend firing of first black police chief

Randall Chase, Associated Press  |  Posted  Aug 4th - 3:41am

Leaders of a small, predominantly black town on Maryland's Eastern Shore are defending their decision to fire the town's first black police chief and call for healing racial tensions that have divided the community.

Vermont urging poultry owners to prepare for disease

The Associated Press  |  Posted  Aug 4th - 2:40am

The Vermont Agency of Agriculture is urging the state's poultry producers to prepare for the arrival of a disease usually fatal to poultry that is expected to reach the state this fall or next spring.

Prosecutors start criminal investigation into crane collapse

The Associated Press  |  Posted  Aug 4th - 2:30am

Prosecutors have launched a criminal investigation into the dramatic collapse of two cranes onto a row of houses in a central Dutch city that briefly buried one man under rubble.

UK state raises $3.3 billion from first sale of RBS stake

Danica Kirka, Associated Press  |  Posted  Aug 4th - 2:20am

The U.K. government said Tuesday it sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds ($3.3 billion) as it begins to shed a majority stake acquired at the height of the financial crisis in 2008.