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US stocks eke out tiny gains after erasing an early loss

Ken Sweet, Associated Press  |  Posted  Jul 30th - 2:31pm

Stocks ended the day mostly flat on Thursday, recovering from broad losses earlier in the day. Investors continue to focus corporate earnings, and Thursday's batch brought mostly disappointing results from Procter & Gamble, Facebook and others.

Meeting unions, Clinton offers support for $12 minimum wage

Lisa Lerer, Associated Press  |  Posted  Jul 30th - 2:31pm

Hillary Rodham Clinton on Thursday offered some support for a proposal in the Senate that would raise the federal minimum wage to $12 an hour, hinting that the higher rate sought by labor unions doesn't have enough support.

Scientist: Oil slick likely from natural seafloor seepage

Christopher Weber, Associated Press  |  Posted  Jul 30th - 1:51pm

Coast Guard officials were still trying to determine the source of a mysterious miles-long oil slick off California's Santa Barbara County shoreline, but a scientist said Thursday that it's likely the result of naturally occurring seepage from the sea floor.

Utah co-op health insurer lost $19.9M in first year

The Associated Press  |  Posted  Jul 30th - 2:42pm

A nonprofit Utah health insurer that received federal loans to get up and running lost nearly $20 million in its first year.

High-end indoor cycling chain SoulCycle files to go public

The Associated Press  |  Posted  Jul 30th - 2:42pm

SoulCycle, the high-end indoor cycling chain, is gearing up for Wall Street.

Venezuela's largest beer company suspends work at 2 plants

The Associated Press  |  Posted  Jul 30th - 2:34pm

Venezuela's largest beer manufacturer is shutting some of its plants because of a lack of imported barley.

Medical device manufacturer agrees to $13.5M settlement

The Associated Press  |  Posted  Jul 30th - 2:31pm

Federal prosecutors say a medical device manufacturer has agreed to pay the U.S. $13.5 million over allegations of false claims for the company's devices.

Southeast Michigan man falls, dies while working on chimney

The Associated Press  |  Posted  Jul 30th - 2:31pm

Authorities in southeastern Michigan say a man was killed when a piece of lifting equipment flipped as he was working on a chimney.

California says water use fell by 27 percent in June

Fenit Nirappil, Associated Press  |  Posted  Jul 30th - 2:24pm

Water use in California plunged 27 percent in June, marking a strong start for unprecedented, mandatory conservation targets imposed on cities during the relentless drought, regulators said Thursday.

Grain higher and livestock mostly lower

The Associated Press  |  Posted  Jul 30th - 2:12pm

Grain futures were higher Thurssday on the Chicago Board of Trade.

Amgen hikes 2015 forecast after 2Q increase in profit, sales

The Associated Press  |  Posted  Jul 30th - 2:11pm

Higher sales of Amgen's blockbuster rheumatoid arthritis drug Enbrel and some newer drugs boosted second-quarter profit 7 percent. The biotech giant topped Wall Street expectations and hiked its 2015 profit forecast.

Facebook ready to test giant drone for Internet service

Brandon Bailey, Associated Press  |  Posted  Jul 30th - 2:01pm

Facebook says it will begin test flights later this year for a solar-powered drone with a wingspan as big as a Boeing 737, in the next stage of its campaign to deliver Internet connectivity to remote parts of the world.

Mexico ups dollar auction to $200 million to boost peso

The Associated Press  |  Posted  Jul 30th - 1:51pm

Mexico's central bank said Thursday it will increase dollar auctions from $52 million to $200 million per day through the end of September to stabilize the badly weakened peso.

New state budget comes with higher costs for MinnesotaCare

Kyle Potter, Associated Press  |  Posted  Jul 30th - 1:41pm

Minnesota lawmakers kept MinnesotaCare intact but not without a cost that will trickle down to some of the more than 100,000 low-income residents on the program in the form of higher monthly premiums starting in August.

Saudi Arabia asks NY judge to drop it from Sept. 11 lawsuit

The Associated Press  |  Posted  Jul 30th - 1:41pm

An attorney for Saudi Arabia says that nation had nothing to do with the Sept. 11 attacks and should be dismissed as a defendant in lawsuits brought by victims' families.

US judge rules Greenpeace in contempt for Oregon protest

Steven Dubois and Dan Joling, Associated Press  |  Posted  Jul 30th - 1:41pm

A federal judge on Thursday ordered Greenpeace USA to pay a fine of $2,500 for every hour that protesters dangling from a bridge in Oregon continue to block a Royal Dutch Shell icebreaker from leaving for oil drilling in the Arctic.

Vegas-area coal plant owners to pay $4.3M to settle lawsuit

The Associated Press  |  Posted  Jul 30th - 1:21pm

Operators of a coal-fired power plant outside Las Vegas are agreeing to pay $4.3 million to settle a lawsuit and clean up contamination that neighboring Native Americans blame for health problems and water pollution.

Congress passes 3-month highway, transit aid patch

Joan Lowy, Associated Press  |  Posted  Jul 30th - 1:21pm

Congress sent President Barack Obama a three-month bill to keep highway and transit money flowing to states on Thursday, one day before the deadline for a cutoff of funds.

Abbott Labs makes 2 heart valve replacement deals

The Associated Press  |  Posted  Jul 30th - 1:11pm

Medical device maker Abbott Laboratories said Thursday it has agreed to buy replacement heart valve maker Tendyne Holdings for $225 million, and has invested in a second company in the field.