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Global markets stabilize; US indexes open higher on earnings

The Associated Press  |  Posted  Jul 28th - 7:41am

U.S. stocks are opening higher after UPS, Ford and other big companies reported earnings gains and as markets in China and Europe stabilized.

High rollers: Dealers describe special treatment, abuse

Michael Melia, Associated Press  |  Posted  Jul 28th - 7:30am

One high roller requests a refrigerator full of bananas that he squeezes and throws as he gambles. Another urinates against a wall. Other high-stakes players described by a pit manager at Mohegan Sun, one of the world's largest casinos, throw chairs, scream at dealers and expect rules to be bent at the tables.

US home prices rose 4.9 pct. in May, lifted by strong sales

Christopher S. Rugaber, Associated Press  |  Posted  Jul 28th - 7:20am

U.S. home prices rose steadily in May, pushed higher by a healthy increase in sales this year.

Drugmaker Pfizer tops Street 2Q forecasts, raises forecast

The Associated Press  |  Posted  Jul 28th - 6:20am

Pfizer's second-quarter earnings fell 10 percent, as the largest U.S. drugmaker absorbed revenue hits from a stronger U.S. dollar and the loss of patent protection for some key products. But the maker of Viagra and the painkiller Celebrex topped expectations for the quarter and raised its 2015 forecast.

Reynolds American beats 2Q profit forecasts

The Associated Press  |  Posted  Jul 28th - 6:10am

Reynolds American reported a surge in second-quarter profit with cigarette prices and volume rising.

Ford surprises in 2Q with record North American profit

Dee-Ann Durbin, Associated Press  |  Posted  Jul 28th - 5:50am

Ford Motor Co.'s net income jumped 44 percent to $1.9 billion in the second quarter as global sales rose and the company was able to charge more for new trucks and SUVs with premium features.

Scholars drawn to conflict zones stoke college safety debate

Collin Binkley, Associated Press  |  Posted  Jul 28th - 5:40am

Some U.S. colleges with overseas-study programs won't touch Ukraine. Tufts University, on the other hand, is drawn to the turmoil in the former Soviet republic, which the U.S. State Department deemed dangerous for travel.

Federal officials examine probable cause of spaceship crash

Kevin Freking, Associated Press  |  Posted  Jul 28th - 1:31am

The National Transportation Safety Board is considering what caused a Virgin Galactic spaceship to break apart over the Mojave Desert during a test flight 10 months ago, killing the co-pilot and seriously injuring the pilot.

SuperValu may spin off Save-A-Lot into separate company

The Associated Press  |  Posted  Jul 28th - 7:40am

SuperValu said Tuesday that it may spin off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies.

Kansas schools try to limit student debt

The Associated Press  |  Posted  Jul 28th - 7:30am

Higher education schools in Salina have been working with students to improve their financial knowledge and manage their student debt.

Volkswagen sold more vehicles than Toyota in first half

Yuri Kageyama, Associated Press  |  Posted  Jul 28th - 7:11am

Volkswagen overtook Toyota in global vehicle sales for January-June, the first time the German automaker has come out top in the intensely competitive tallies.

Malaysian PM axes deputy, attorney general amid fund scandal

Eileen NG, Associated Press  |  Posted  Jul 28th - 6:20am

Malaysian Prime Minister Najib Razak, stung by allegations that he received some $700 million in government money, on Tuesday fired the attorney general who had been investigating him and a deputy who has been among his most prominent critics.

ADB ready to boost lending to Philippines by 66 percent

The Associated Press  |  Posted  Jul 28th - 5:20am

The Asian Development Bank said Tuesday it is ready to boost lending to the Philippines by 66 percent to about $3 billion to support the country's infrastructure and development needs.

Loss-making AirAsia X aims to be profitable by year-end

The Associated Press  |  Posted  Jul 28th - 4:30am

Long-haul budget carrier AirAsia X said Tuesday it expects to return to operational profit by the end of the year and is open to foreign investment.

Britain's economy grows 0.7 percent in second quarter

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

Britain's economy picked up speed in the second quarter of 2015, when it expanded by 0.7 percent compared with the previous three-month period.

Another rating agency lowers investment grade of CPS bonds

The Associated Press  |  Posted  Jul 28th - 3:00am

Another bond rating service has lowered the Chicago Board of Education's investment grade rating to junk status.

Energy company BP slides to loss in 2nd quarter

Danica Kirka, Associated Press  |  Posted  Jul 28th - 2:11am

BP reported a second-quarter loss Tuesday after the London-based oil company set aside another $10.8 billion to cover the cost of the Deepwater Horizon accident.

Statoil Q2 profits hit by lower oil prices, higher costs

The Associated Press  |  Posted  Jul 28th - 1:40am

Norwegian energy company Statoil says it was hit by lower oil prices, increased depreciation and higher drilling costs in the second quarter, causing net profit to fall 16 percent to 10.1 billion kroner ($1.2 billion).

Short-term highway extension may be way out for Congress

Erica Werner, Associated Press  |  Posted  Jul 28th - 1:30am

House Republicans are weighing a three-month highway funding extension that could offer Congress a way out of an impasse days ahead of a crucial deadline.

Malaysian PM axes deputy, sacks attorney general in purge of critics amid fund scandal

The Associated Press  |  Posted  Jul 28th - 12:20am

Malaysian PM axes deputy, sacks attorney general in purge of critics amid fund scandal.