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Survey: German consumers remain optimistic

The Associated Press  |  Posted  Jul 29th - 2:20am

A closely-watched survey indicates German consumers remain optimistic but are showing signs of worry about the country's economic situation amid uncertainty about Greece's financial future.

Iran nuclear deal turns up lobbying heat on Congress

Laurie Kellman and Deb Riechmann, Associated Press  |  Posted  Jul 29th - 1:31am

The Iran nuclear deal has supercharged congressional lobbying, with President Barack Obama securing the support of a prominent Jewish Democrat and pro-Israel groups pressuring lawmakers in an all-out, big-money drive.

Pilot program to provide federal student aid to prisoners

Jennifer C. Kerr, Associated Press  |  Posted  Jul 29th - 1:21am

Some federal and state prisoners could soon be eligible for federal student aid to take college courses while behind bars.

Then & Now: Medicare and Medicaid turn 50

Ricardo Alonso-Zaldivar, Associated Press  |  Posted  Jul 29th - 1:20am

When President Lyndon B. Johnson signed Medicare and Medicaid into law on July 30, 1965, Americans 65 and older were the age group least likely to have health insurance.

Oculus debuts virtual reality film 'Henry'

Derrik J. Lang, Associated Press  |  Posted  Jul 28th - 9:51pm

Oculus is hedging its bets that an adorable critter named Henry can help convince consumers — and Hollywood — about the viability of virtual reality as a storytelling medium.

Asian stocks post cautious gains ahead of Fed statement

Yuri Kageyama, Associated Press  |  Posted  Jul 28th - 9:40pm

Asian stock markets mostly made modest gains Wednesday as the recent plunge in Chinese shares kept investors on edge and attention turned to a Federal Reserve meeting that might give clues about the timing of a U.S. interest rate hike.

Nissan's quarterly profit up on cheap yen, US sales growth

Yuri Kageyama, Associated Press  |  Posted  Jul 29th - 3:30am

Nissan's April-June profit jumped 36 percent as the Japanese automaker benefited from a cheap yen and better sales in the U.S. and Europe.

Vail set to make official it's combining 2 Utah ski resorts

Brady McCombs, Associated Press  |  Posted  Jul 29th - 3:10am

Ski industry titan Vail Resorts is set to make official Wednesday that it is combining Canyons Resort and Park City Mountain Resort under one name and logo.

Nintendo reports profit but no word on new president

Yuri Kageyama, Associated Press  |  Posted  Jul 29th - 3:00am

Nintendo posted an 8.28 billion yen ($67 million) profit for the fiscal first quarter, helped by better sales and a cheap yen, but did not announce a new president to lead the company after the death this month of Satoru Iwata.

Volkswagen Q2 earns slip on restructuring, troubled markets

David McHugh, Associated Press  |  Posted  Jul 29th - 3:00am

Automaker Volkswagen AG saw profits slip in the second quarter despite taking the global lead in sales over Toyota and GM.

Belgium's Solvay to buy US Cytec for $5.5 billion

The Associated Press  |  Posted  Jul 29th - 3:00am

Belgium's chemical group Solvay has announced it will buy U.S.-based Cytec for $5.5 billion, making it the second biggest company in the aerospace composite materials market.

Barclays reports sevenfold increase in profits

The Associated Press  |  Posted  Jul 29th - 2:10am

Barclays, Britain's second largest bank, says second quarter profit increased sevenfold, boosted by earnings from investment banking and a 496 million pound ($774 million) gain on assets acquired from Lehman Brothers in 2008.

House, Senate move toward passage of transportation patch

Joan Lowy, Associated Press  |  Posted  Jul 29th - 1:30am

The House and Senate are moving toward passage of three-month patch to keep federal highway and transit aid flowing to states while lawmakers seek the right mix of policy and revenue to achieve a long-term transportation deal.

Energy company Total profit slips in 2nd quarter

The Associated Press  |  Posted  Jul 29th - 1:21am

French energy giant Total SA says its net profit slid 4 percent in the second quarter as higher production helped offset a steep drop in the price of oil.

LG Electronics reports 45 percent plunge in 2Q earnings

Youkyung Lee, Associated Press  |  Posted  Jul 29th - 1:20am

LG Electronics said Wednesday its second quarter earnings sank 45 percent over a year earlier as losses widened in its TV business and mobile phones earned little income.

Fed is likely to delay 1st rate hike in 9 years a bit longer

The Associated Press  |  Posted  Jul 29th - 1:11am

The Federal Reserve is moving toward raising interest rates from record lows — just not likely yet.

Trade ministers from 12 Pacific nations gather on Maui

The Associated Press  |  Posted  Jul 29th - 12:50am

Trade ministers from 12 nations around the Pacific Rim are meeting on the Hawaiian island on Maui to negotiate a trade pact.

Administration would give prisoners access to student grants

Jennifer C. Kerr, Associated Press  |  Posted  Jul 28th - 8:01pm

Some federal and state prisoners could soon be eligible for federal student aid to take college courses while behind bars.

FAA investigating airliner that nearly ran out of fuel

The Associated Press  |  Posted  Jul 28th - 7:01pm

Federal officials are investigating why an Allegiant Air passenger jet nearly ran out of fuel before landing at an airport that was temporarily closed to most traffic.