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Volkswagen earnings rise in stronger European economy

David McHugh, Associated Press  |  Posted   Jul 27th - 2:20am

Volkswagen's profits rose in the first half of the year as the German carmaker benefited from increased sales in a growing European economy and it moved past one-time costs for its diesel emissions scandal in the U.S.

Foxconn: World's No. 1 contract electronics maker

Kelvin Chan, Associated Press  |  Posted   Jul 27th - 2:20am

Taiwan-based contract manufacturer Foxconn Technology Group says it plans to build a $10 billion plant in Wisconsin to make liquid-crystal display panels, or LCDs. Little known to consumers, the maker of iPhones and other gadgets is a giant in the electronics industry thanks to its dominant position in the global manufacturing supply chain.

US-Mexico border mayors convene amid high-stakes debates

Elliot Spagat, Associated Press  |  Posted   Jul 27th - 2:20am

The first meeting of the U.S.-Mexico Border Mayors Association since Donald Trump became president of the United States begins Thursday as the stakes of debate in their nation's capitals could hardly be higher for the region of 12 million people stretching from the Pacific Ocean to the Gulf of Mexico.

Trump announces $10 billion Foxconn plant in Wisconsin

Scott Bauer and Paul Wiseman, Associated Press  |  Posted   Jul 27th - 2:20am

President Donald Trump says that electronics giant Foxconn will build a $10 billion factory in Wisconsin that's expected to initially create 3,000 jobs, the largest economic development project in state history.

Repsol earnings rise on higher production, efficiencies

The Associated Press  |  Posted   Jul 27th - 2:10am

Spanish energy company Repsol says strong production and efficiency improvements drove a 65.3 percent increase in net profit in the first half of the year.

Samsung soars, sidestepping jailing of chief, Note 7 fiasco

Youkyung Lee, Associated Press  |  Posted   Jul 27th - 2:10am

No leader and scorched Note 7 smartphones? No problem.

Alaska senator unfazed by Trump tweet

The Associated Press  |  Posted   Jul 27th - 2:10am

A Twitter admonishment from President Donald Trump didn't seem to faze U.S. Sen. Lisa Murkowski, a moderate Republican whose vote is key for the GOP's hoped-for health care overhaul.

Airbus profits lag amid engine issues, military challenges

The Associated Press  |  Posted   Jul 27th - 2:00am

Airbus' first-half profits took a hit amid ongoing problems with its A400M military transporter and engine problems for its A320neo, and deliveries are down though orders are on the rise.

Nokia reports loss, warns of decline in networks industry

Matti Huuhtanen, Associated Press  |  Posted   Jul 27th - 1:50am

Nokia continued to be hit by a decline in its core networks sector in the second quarter with almost flat sales, and cautioned Thursday that a weakening in networks would be greater than previously expected.

Transgender Chinese man says he's won job bias lawsuit

Didi Tang, Associated Press  |  Posted   Jul 27th - 1:50am

A Chinese court has ruled that a transgender man was unjustly dismissed by a former employer, the plaintiff said Thursday, in the country's first such discrimination lawsuit.

Boris Johnson lends support to Australia-UK free trade deal

Kristen Gelineau, Associated Press  |  Posted   Jul 27th - 1:50am

British Foreign Secretary Boris Johnson said on Thursday that he supports a proposed free trade agreement between the United Kingdom and Australia, as his country looks to strengthen its relationships with allies ahead of Britain's departure from the European Union.

Asian shares gain on strong earnings, dovish Fed policy

Elaine Kurtenbach, Associated Press  |  Posted   Jul 27th - 1:30am

Asian shares were mostly higher Thursday, supported by strong corporate earnings and the Federal Reserve's decision to pause its slow-moving campaign to raise interest rates.

Austrian leader: EU could never digest Turkey joining

The Associated Press  |  Posted   Jul 27th - 1:30am

Austria's chancellor says the European Union could "never, ever" digest the economic impact of Turkey joining, underlining his country's hard line against membership.

Amazon and Foxconn reflect a growing trend: Deliver it now

Paul Wiseman and Josh Boak, Associated Press  |  Posted   Jul 27th - 1:20am

In today's economy, speed is everything.

Nestle's 1st-half profit up 19 percent, sales slightly lower

The Associated Press  |  Posted   Jul 27th - 12:54am

Swiss food giant Nestle says its first-half earnings were up 19 percent due to a one-time tax expense that impacted profit a year earlier, while sales slipped as a result of divestments and currency issues.

Royal Dutch Shell's earnings more than triple in 2Q

The Associated Press  |  Posted   Jul 27th - 12:54am

Royal Dutch Shell says second-quarter earnings more than tripled as it benefited from a cost-cutting drive and recovering oil prices.

Deutsche Bank sees profit rebound; CEO not satisfied

David McHugh, Associated Press  |  Posted   Jul 27th - 12:51am

Deutsche Bank's net profit rebounded to 466 million euros ($545 million) in the second quarter from a mere 20 million euros a year earlier as the bank presses on with a difficult long-term restructuring, the company said Thursday.

FBI arrests suspect in woman's death on Alaska cruise ship

Rachel D'Oro and Becky Bohrer, Associated Press  |  Posted   Jul 27th - 12:40am

A suspect is in custody in the death of a woman during a domestic dispute on a cruise ship in U.S. waters off Alaska, the FBI in Anchorage said late Wednesday.

State fair to open without rides after deadly malfunction

The Associated Press  |  Posted   Jul 27th - 12:33am

A state fair, where one person was killed and seven others were injured when an "aggressive thrill" ride broke apart, will be open Thursday, officials said, but the rides won't be running until they all are determined to be safe.