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Ford Motor Co.'s second quarter net income rose 6 percent to $1.3 billion as the company saw record profits in North America and made money in Europe for the first time in three years.
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FAA lifts ban on US flights to Tel Aviv airport

The Associated Press  |  posted 51 minutes ago
The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets.
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Taiwan airline suspects bad weather caused crash

Ralph Jennings, Associated Press  |  posted Jul 24th - 2:20am
Stormy weather trailing behind a typhoon was the likely cause of a plane crash on a Taiwanese island that killed 48 people on board and injured 10 on the plane and five on the ground, the airline said Thursday.
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World shares subdued amid Russia sanctions report

Yuri Kageyama, Associated Press  |  posted Jul 24th - 2:10am
World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia.
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Social Security's $300M IT project doesn't work

The Associated Press  |  posted Jul 24th - 1:12am
After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will.
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Eurozone economy picking up steam despite France

The Associated Press  |  posted 21 minutes ago
A closely watched survey suggests economic growth in the 18-country eurozone picked up during July despite ongoing concerns over France, the currency bloc's second-largest economy.
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Fraud investigators quiz top Portuguese banker

The Associated Press  |  posted 30 minutes ago
Portugal's attorney general's office says prosecutors investigating a suspected tax fraud and money-laundering conspiracy have detained the former head of the country's largest bank.
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Obama wants limits on US company mergers abroad

The Associated Press  |  posted 50 minutes ago
President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those companies.
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European Central Bank hit by data theft

The Associated Press  |  posted Jul 24th - 3:50am
The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive data were compromised.
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Spain's Repsol sees profits jump on YPF bond gains

The Associated Press  |  posted Jul 24th - 3:30am
Spanish energy company Repsol says its second quarter net profit nearly doubled following capital gains it made from extricating itself from Argentina's YPF, which was nationalized in 2012.
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Nokia profits rise after sale of handset division

Jari Tanner, Associated Press  |  posted Jul 24th - 3:30am
Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset division.
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UN human development report faults inequality

Elaine Kurtenbach, Associated Press  |  posted Jul 24th - 3:20am
Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much wealth as the 3.5 billion poorest, the United Nations said Thursday in its annual human development report.
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12 children, man die in train-bus crash in India

The Associated Press  |  posted Jul 24th - 2:20am
Twelve children were killed Thursday when a train crashed into their school bus at an unmanned railroad crossing in southern India, police said.
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South Korea unveils stimulus after ferry sinking

Youkyung Lee, Associated Press  |  posted Jul 24th - 2:10am
South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters.
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Alaska tourist train halts runs after derailment

Mark Thiessen, Associated Press  |  posted Jul 24th - 2:10am
A vintage rail company that hauls hundreds of thousands of tourists every year along the route of the historic Klondike Gold Rush has suspended operations while it investigates a derailment that injured nine people.
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Spanish jobless falls as recovery gains traction

The Associated Press  |  posted Jul 24th - 1:50am
Official figures show that Spain's unemployment rate edged down to 24.5 percent in the second quarter from 25.9 percent in the previous three-month period, a further sign that the economy's recovery is gaining traction and making solid inroads into the labor market.
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