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A new hepatitis C treatment that costs $1,000 pill is expected to be available to Michigan inmates.
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Ailing Portuguese bank's shares sink after losses

The Associated Press  |  posted 33 minutes ago
Shares in troubled Portuguese bank Banco Espirito Santo have plunged by more than 50 percent in volatile early trading on the Lisbon stock exchange a day after it reported a record half-year loss of 3.58 billion euros ($4.8 billion).
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Fast food ambitions in China hurt by safety scares

Joe McDonald, Associated Press  |  posted Jul 31st - 3:00am
Already China's biggest restaurant operator with 4,600 outlets, KFC is pursuing Chinese consumers so avidly it opens two more every day.
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World stocks drift after US Fed stays course

Kay Johnson, Associated Press  |  posted Jul 31st - 2:50am
Global stock markets were uninspired by an upbeat report on the U.S. economy, with most drifting lower Thursday after the U.S. Federal Reserve said it would make further cuts to its monetary stimulus as expected. Investors are now reckoning with an expiry date for the lavishly easy monetary policy that has underpinned gains in global stock markets for several years.
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Panel wants TEPCO execs charged over nuke crisis

Mari Yamaguchi, Associated Press  |  posted 43 minutes ago
A Japanese judicial panel has recommended that three former executives of the utility that operates the damaged Fukushima nuclear plant face criminal charges over their role in the disaster.
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Lloyds reports big drop in profits amid charges

The Associated Press  |  posted 43 minutes ago
The part-nationalized Lloyds Banking Group says its six-month net profit more than halved to 699 million pounds ($1.45 billion) after it put aside another 600 million pounds to cover the cost of improperly sold payment protection insurance.
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Volkswagen 2nd quarter profit up but revenue slips

The Associated Press  |  posted 43 minutes ago
Germany's Volkswagen, Europe's biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher.
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Eurozone inflation drops further to 0.4 percent

Juergen Baetz, Associated Press  |  posted 43 minutes ago
The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, likely adding pressure on the European Central Bank to beef up its efforts to spur the economy.
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Russia ordered to pay another $2.5 bln for Yukos

The Associated Press  |  posted Jul 31st - 3:50am
The European Court of Human Rights has ordered Russia to pay out nearly 1.9 billion euros ($2.5 billion) to shareholders of Yukos, the oil producer that the government had dismantled over a decade ago.
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Grant helps ISU teach about 'smart grid'

The Associated Press  |  posted Jul 31st - 3:31am
A $450,000 grant to Illinois State University will help teachers and their students learn more about cutting-edge electricity distribution.
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Panasonic, Tesla to build big US battery plant

Yuri Kageyama, Associated Press  |  posted Jul 31st - 3:20am
American electric car maker Tesla Motors Inc. is teaming up with Japanese electronics company Panasonic Corp. to build a battery manufacturing plant in the U.S. expected to create 6,500 jobs.
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German jobless rate edges up to 6.6 pct in July

The Associated Press  |  posted Jul 31st - 3:10am
Germany's jobless rate has edged up to 6.6 percent in July on an expected seasonal rise as students register as unemployed, but the underlying trend in Europe's biggest economy remained positive.
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Adidas issues profit warning on Russia risks

Geir Moulson, Associated Press  |  posted Jul 31st - 3:01am
Sports equipment maker Adidas lowered its full-year profit target on Thursday, citing among other things increasing risk in the Russian market amid mounting political tensions over Ukraine.
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Swiss central bank reports $17.7B half-year profit

The Associated Press  |  posted Jul 31st - 2:40am
Switzerland's central bank posted a profit Thursday of 16.1 billion Swiss francs ($17.7 billion) for the first half of the year, a big turnaround from its loss of 9 billion francs for 2013.
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Alcatel loss narrows in 2Q but revenue stagnates

The Associated Press  |  posted Jul 31st - 2:30am
Telecommunications equipment company Alcatel-Lucent SA says its net loss narrowed in the second quarter thanks to lower accounting charges, while revenue stagnated and restructuring charges mounted.
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Sony surprises with first quarter profit

Yuri Kageyama, Associated Press  |  posted Jul 31st - 2:01am
Sony Corp. reported a surprise eightfold jump in quarterly profit Thursday as sales got a perk from a cheap yen and its bottom line was helped by gains from selling buildings and its stake in a video-game maker.
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