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Exxon 2Q profit doubles from a year ago but misses forecasts

The Associated Press  |  Posted   Jul 28th - 12:21pm

Exxon Mobil Corp. cut spending on oil exploration, helping boost its earnings to $3.35 billion in the second quarter, doubling its historically low profit of a year ago.

Sluggish but durable: 5 things about US economy's expansion

Paul Wiseman, Associated Press  |  Posted   Jul 28th - 12:15pm

The U.S. economy acquired an exclusive label Friday: Recession-free for eight full years. Yet the third-longest economic winning streak in American history still doesn't get much love.

Wells Fargo paying $80 million over customer car insurance

The Associated Press  |  Posted   Jul 28th - 12:15pm

Wells Fargo is paying $80 million to customers who the bank signed up and charged for auto insurance that they did not want or need.

The Latest: Spain: 3 people seriously hurt in train crash

The Associated Press  |  Posted   Jul 28th - 12:12pm

The Latest on a train crash in Barcelona (all times local):

House moves to extend choice program, end VA budget crisis

Hope Yen and Matthew Daly, Associated Press  |  Posted   Jul 28th - 12:12pm

The House overwhelmingly approved a $3.9 billion emergency spending package to address a budget shortfall at the Department of Veterans Affairs that threatens medical care for thousands of veterans.

Stocks sag following disappointing profit reports

Stan Choe, Associated Press  |  Posted   Jul 28th - 12:03pm

Stock markets around the world sagged on Friday after Amazon and several other big companies reported quarterly results that underwhelmed investors.

Ohio Star Fair reopening kiddie, other "low-impact" rides

Julie Carr Smyth, Associated Press  |  Posted   Jul 28th - 12:03pm

Rides at the Ohio State Fair's Kiddieland and some elsewhere in the amusement park reopened Friday with the OK of inspectors two days after the governor shut them all down following a thrill ride malfunction that killed a teen who had recently enlisted in the Marines.

Obama-era retirement savings program for workers gets the ax

Joseph Pisani, Associated Press  |  Posted   Jul 28th - 11:52am

A savings program put into place under President Barack Obama and designed to get more people to put away money for retirement is being killed by the Treasury Department, which said it is too costly to maintain.

The Latest: Some rides reopening at Ohio fair after death

The Associated Press  |  Posted   Jul 28th - 11:52am

The Latest on the fatal amusement ride accident at Ohio State Fair (all times local):

Shkreli portrayed as con, prodigy at securities fraud trial

Tom Hays, Associated Press  |  Posted   Jul 28th - 11:42am

Former pharmaceutical CEO Martin Shkreli was portrayed both as a swindler by the government and as a well-meaning prodigy by his lawyers on the second day of closing arguments Friday at his securities fraud trial.

Fumes force Austin police to pull Ford Explorers off patrol

Jim Vertuno, Associated Press  |  Posted   Jul 28th - 11:31am

Police in Austin, Texas, will pull nearly 400 Ford Explorer SUVs from their patrol fleet amid complaints of exhaust fumes inside the vehicles that have sickened some officers.

EU court orders Poland to halt logging in ancient forest

Monika Scislowska, Associated Press  |  Posted   Jul 28th - 11:21am

A European court ordered Poland on Friday to immediately stop cutting trees in Europe's last pristine woodland, the Bialowieza Forest.

UK fire tests show 82 buildings have failed cladding systems

Danica Kirka, Associated Press  |  Posted   Jul 28th - 11:12am

British authorities have announced an independent review into building regulations after new tests identified 82 apartment towers whose cladding system failed to meet fire safety tests after the west London tower block blaze that killed at least 80 people.

Strong demand at American Airlines; lean times ahead?

David Koenig, Associated Press  |  Posted   Jul 28th - 11:12am

Double-digit increases in fuel and labor costs caused second-quarter profit at American Airlines to fall 15 percent despite higher revenue.

The Latest: Colombia: Temporary legal status for Venezuelans

The Associated Press  |  Posted   Jul 28th - 10:58am

The Latest on the political crisis in Venezuela (all times local):

Treasury chief: UK may need 3-year transition after Brexit

Jill Lawless, Associated Press  |  Posted   Jul 28th - 10:52am

Britain will abide by some European Union rules for up to three years after it officially leaves the bloc in March 2019, the country's Treasury chief said Friday.

Russia orders cut in US diplomats in reaction to sanctions

Nataliya Vasilyeva, Associated Press  |  Posted   Jul 28th - 10:42am

Russia's Foreign Ministry ordered a reduction in the number of U.S. diplomats in Russia on Friday and said it was closing down a U.S. recreational retreat in response to fresh sanctions against Russia.

GOP blame-game begins after Senate sinks health care drive

Erica Werner and Alan Fram, Associated Press  |  Posted   Jul 28th - 10:42am

Republican finger-pointing commenced Friday after the Senate's dark-of-night defeat of the GOP's effort to repeal much of the Obama health care law, a startling vote that dealt a blow to President Donald Trump.

The Latest: Lavrov says Moscow had to react to US sanctions

The Associated Press  |  Posted   Jul 28th - 10:32am

The Latest on reaction to new U.S. sanctions on Russia (all times local):

Penalty for refusing to get health insurance remains intact

Ricardo Alonso-Zaldivar, Associated Press  |  Posted   Jul 28th - 10:28am

Opponents of President Barack Obama's health care law who wanted to get rid of the penalty people were assessed for not having health insurance will have to wait longer for relief after the Senate early Friday defeated the GOP's scaled-back version of legislation repealing the Affordable Care Act. .