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Morgan Stanley 2Q profits jump 39 percent, helped by trading

Ken Sweet, Associated Press  |  Posted Jul 18th - 5:57am

Investment bank Morgan Stanley said its second-quarter profits rose by 39 percent from a year ago, driven by another strong performance in trading and investment banking, as well as a lower tax bill.

EU tries to limit influx of steel diverted by US tariffs

The Associated Press  |  Posted Jul 18th - 5:49am

The European Union has announced measures to shield its market from a glut of steel heading to the continent after the U.S. imposed tariffs on imports of the metal.

EU fines Google a record $5 billion over mobile system

The Associated Press  |  Posted Jul 18th - 5:43am

The European Union's antitrust chief has fined Google a record $5 billion for abusing the market dominance of its Android mobile phone operating system.

Morgan Stanley posts profit of $1.30 a share, tops estimates

The Associated Press  |  Posted Jul 18th - 5:29am

Morgan Stanley says second-quarter net income totaled $2.44 billion.

Egypt passes legislation to block some social media accounts

The Associated Press  |  Posted Jul 18th - 3:08am

Egypt's parliament has passed controversial legislation aimed at regulating popular social media accounts that publish "fake news."

German court rejects challenges to broadcasting fee system

The Associated Press  |  Posted Jul 18th - 2:49am

Germany's highest court has rejected complaints against a fee paid by all households to finance the country's public broadcasters, though it found fault with a minor aspect of the system.

Japan OKs 1st anti-smoking law seen as lax and partial

The Associated Press  |  Posted Jul 18th - 2:42am

Japan has approved its first national legislation banning smoking inside of public facilities, but the measure excludes many restaurants and bars and is seen as toothless.

South Korea slashes jobs outlook, downgrades growth forecast

Youkyung Lee, Associated Press  |  Posted Jul 18th - 1:23am

South Korea's government dramatically cut its outlook on the job market while slightly lowering its growth forecast Wednesday, boding ill for President Moon Jae-in's jobs-first agenda.

Swiss drugs giant Novartis says profit up as spinoff looms

The Associated Press  |  Posted Jul 18th - 1:17am

Novartis says net profit rose 3 percent in the second quarter amid strong growth for some of its top products, as the Swiss pharmaceuticals giant moves to spin off its Alcon eye-care business.

Iran nuclear chief says uranium stockpile reaches 950 tons

The Associated Press  |  Posted Jul 18th - 1:13am

The chief of Iran's nuclear agency says the country's effort to acquire uranium has resulted in a stockpile of as much as 950 tons.

A Comic-Con without Marvel, HBO gives others a chance to pop

Lindsey Bahr, Associated Press  |  Posted Jul 18th - 1:09am

and dollars.

Prominent sovereign citizen sentenced for federal bank fraud

The Associated Press  |  Posted Jul 17th - 11:52pm

A prominent sovereign citizen has been sentenced to more than four years in prison for conspiring to launder money.

Marriott hotels eliminating plastic straws by 2019

Dee-Ann Durbin, Associated Press  |  Posted Jul 17th - 11:43pm

Marriott International plans to remove plastic straws and drink stirrers from all of its 6,500 hotels and resorts worldwide by next year.

MGM sues Vegas shooting victims in push to avoid liability

Regina Garcia Cano, Associated Press  |  Posted Jul 17th - 11:21pm

MGM Resorts International has sued hundreds of victims of the deadliest mass shooting in modern U.S. history in a bid to avoid liability for the gunfire that rained down from its Mandalay Bay casino-resort in Las Vegas.

Lessons for next US financial crisis from 3 key ex-officials

Martin Crutsinger, Associated Press  |  Posted Jul 17th - 10:35pm

Three officials who played vital roles in combating the 2008 financial crisis say they worry that the painful lessons from the banking system's near-collapse a decade ago may be forgotten.

Marriott hotels eliminating plastic straws by 2019

Dee-Ann Durbin, Associated Press  |  Posted Jul 17th - 10:06pm

Marriott International says it's removing plastic straws and drink stirrers from all of its 6,500 hotels and resorts worldwide by next year.

Lessons for next US financial crisis from 3 key ex-officials

Martin Crutsinger, Associated Press  |  Posted Jul 17th - 10:06pm

Three officials who played vital roles in combating the 2008 financial crisis say they worry that the painful lessons from the banking system's near-collapse a decade ago may be forgotten.

Asian stocks rise as solid US performance lifts spirits

Annabelle Liang, Associated Press  |  Posted Jul 17th - 9:42pm

Asian markets climbed higher on Wednesday as a sweep of positive news from Wall Street and beyond boosted confidence in the U.S. economy.

Building collapses into another near Indian capital, 3 die

Ashok Sharma, Associated Press  |  Posted Jul 17th - 9:29pm

A six-story building under construction collapsed onto an adjacent building east of the Indian capital, killing at least three people and trapping several others under the debris, police said on Wednesday.