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Total reboot: How to fix Greece's economy

Menelaos Hadjicostis, Associated Press  |  Posted  Aug 4th - 9:41am

After so much pain, Greece must now figure out how to get its economy back on its feet.

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

Marcy Gordon, Associated Press  |  Posted  Aug 4th - 9:31am

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.

US stocks open mostly higher; Coach gains on results

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

Stocks are mostly higher in early trading as investors focus on the latest earnings and deal news.

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.

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.

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.

Shire offers to buy Baxter drug spinoff for $30 billion

The Associated Press  |  Posted  Aug 4th - 9:31am

The Irish drugmaker Shire PLC Is offering to buy Baxalta for about $30 billion in stock as it attempts to solidify its strengthening position in rare disease treatments.

Comcast speeding up its discounted Internet service

Tali Arbel, Associated Press  |  Posted  Aug 4th - 9:11am

Comcast is speeding up and expanding a discounted Internet service that was created to get more low-income people online.

Grain higher, livestock higher

The Associated Press  |  Posted  Aug 4th - 8:51am

Grain futures were higher in early trading Tuesday on the Chicago Board of Trade.

US factory orders advance 1.8 percent in June

Martin Crutsinger, Associated Press  |  Posted  Aug 4th - 8:21am

Orders to U.S. factories increased in June, and a key category that reflects business investment plans posted a modest rise. But the gains weren't robust enough to suggest that the sluggish manufacturing sector is mounting a significant turnaround.

GM to invest $877 million to upgrade oldest assembly plant

The Associated Press  |  Posted  Aug 4th - 8:10am

General Motors says it's investing $877 million to upgrade an assembly plant in Flint.

US airlines ban shipment of hunting 'trophies'

Scott Mayerowitz, Associated Press  |  Posted  Aug 4th - 7:50am

The big three U.S. airlines have all this week banned the shipment of hunting trophies, although it is unclear how many — if any — they have been carrying in recent years.

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.

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.