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Higher wages a surprising success for Seattle restaurant

Gene Johnson, Associated Press  |  Posted  Jul 31st - 9:01am

Menu prices are up 21 percent and you don't have to tip at Ivar's Salmon House on Seattle's Lake Union after the restaurant decided to institute the city's $15-an-hour minimum wage two years ahead of schedule.

University of Michigan: Consumer sentiment dips in July

Paul Wiseman, Associated Press  |  Posted  Jul 31st - 8:50am

U.S. consumer sentiment slipped this month but remains at healthy levels, the University of Michigan said Friday.

US stocks little changed as investors react to earnings

The Associated Press  |  Posted  Jul 31st - 7:51am

U.S. stocks are little changed at the open as investors assess the latest batch of company earnings reports.

Toll collector killed by pickup on Massachusetts Turnpike

The Associated Press  |  Posted  Jul 31st - 9:11am

A toll collector has been struck and killed by a pickup truck on the Massachusetts Turnpike.

Grain mixed, livestock mixed

The Associated Press  |  Posted  Jul 31st - 9:01am

Grain futures mixed Friday early trading on the Chicago Board of Trade.

Grain mixed, livestock mixed

The Associated Press  |  Posted  Jul 31st - 9:01am

Grain futures mixed Friday early trading on the Chicago Board of Trade.

Tough week for social media stocks _ no one is spared

The Associated Press  |  Posted  Jul 31st - 8:50am

It hasn't been an easy week in social media, despite double-digit revenue growth from Twitter, LinkedIn and Facebook. Investors are looking beyond headline numbers and finding reasons to sell.

3 ex-TEPCO execs to face criminal charges in nuclear crisis

Mari Yamaguchi, Associated Press  |  Posted  Jul 31st - 8:50am

A Japanese judicial committee has decided that three former utility executives should face criminal charges and stand trial for their alleged negligence in the Fukushima nuclear disaster.

Cardiologist details troubles at Chicago-area VA hospital

The Associated Press  |  Posted  Jul 31st - 8:40am

A cardiologist who worked at a Chicago-area Veterans Affairs hospital says the facility had a yearlong backlog of unread heart tests.

WikiLeaks says US spied on Japanese government, companies

Ken Moritsugu, Associated Press  |  Posted  Jul 31st - 8:20am

The WikiLeaks website published documents Friday that it said shows the U.S. government spied on Japanese officials and companies.

Returning emigrants could overwhelm Portugal, analysts say

The Associated Press  |  Posted  Jul 31st - 8:10am

Portuguese analysts are warning that the country's feeble economy and overburdened welfare programs are at risk from a potentially massive return of emigrants who left in search of jobs during the eurozone's recent financial crisis.

Russia's central bank cuts key interest rate

Nataliya Vasilyeva, Associated Press  |  Posted  Jul 31st - 8:10am

The Russian central bank cut its key interest rate by 0.5 percentage points to 11 percent on Friday, bowing to the pressure of businesses to make lending more accessible.

Exxon profit falls by half but production rises

Jonathan Fahey, Associated Press  |  Posted  Jul 31st - 8:01am

Exxon Mobil Corp. profit dropped by half in the second quarter on sharply lower oil and gas prices around the world, but the company's oil and gas production, which has been generally declining in recent years, surged.

UPS buying Coyote Logistics for $1.8 billion

The Associated Press  |  Posted  Jul 31st - 8:00am

UPS will spend $1.8 billion to acquire Coyote Logistics as it maneuvers for a slice of the burgeoning freight brokerage business.

Polish plan to honor Portuguese-run supermarket sparks anger

Vanessa Gera, Associated Press  |  Posted  Jul 31st - 7:51am

Poland's government has postponed plans to bestow a top honor on the Portuguese businessman who runs popular discount supermarket chain Biedronka after a public outcry over the company's alleged exploitation of workers.

Italian bank Intesa SanPaolo Q2 profits soar

The Associated Press  |  Posted  Jul 31st - 7:40am

Second-quarter earnings at Italian bank Intesa SanPaolo more than quadrupled thanks to lower provisions amid signs of economic recovery and an improved credit market.

EU to probe FedEx takeover of Dutch rival TNT

The Associated Press  |  Posted  Jul 31st - 7:40am

The European Union is opening an in-depth probe into whether FedEx's proposed $4.9 billion takeover of Dutch company TNT would strangle competition in the massive market for small package deliveries.

Spain to give civil servants first pay rise in 5 years

Ciaran Giles, Associated Press  |  Posted  Jul 31st - 7:31am

Spain's prime minister Friday promised a 1 percent pay rise for Spain's 2.5 million civil servants in the 2016 budget, their first hike in five years after public spending was reined in because of the country's economic crisis.

US paychecks grow at record-slow pace in 2nd quarter

Christopher S. Rugaber, Associated Press  |  Posted  Jul 31st - 7:20am

U.S. wages and benefits grew in the spring at the slowest pace in 33 years, stark evidence that stronger hiring isn't lifting paychecks much for most Americans. The slowdown also likely reflects a sharp drop-off in bonus and incentive pay for some workers.