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Scaramucci reports more than $50m in assets

Bernard Condon, Associated Press  |  Posted   Jul 27th - 3:41pm

He vows to be a fresh voice in the Trump administration, but in one way he is like many of the others: He is wealthy, with a vast and complicated array of assets.

Qatar says UN should play a role in resolving Gulf crisis

Edith M. Lederer, Associated Press  |  Posted   Jul 27th - 3:41pm

Qatar's foreign minister called Thursday for the United Nations to help resolve the crisis in the Persian Gulf and accused the four Arab countries that have isolated his energy-rich nation of violating international law.

Southwest reports lower 2Q profit, weak revenue outlook

David Koenig, Associated Press  |  Posted   Jul 27th - 3:41pm

Shares of Southwest Airlines fell 5 percent Thursday after the company offered a weak forecast for a key revenue figure in the third quarter.

UPDATED

Republicans strain for modest 'skinny' redo of 'Obamacare'

Erica Werner and Alan Fram, Associated Press  |  Posted   Jul 27th - 3:41pm

Battered by repeated failures to repeal or replace "Obamacare," Senate GOP leaders retreated to a narrow approach Thursday that would undo just a few of the most unpopular elements of Barack Obama's law. Democrats vowed opposition as the Senate prepared for a bizarre Capitol Hill ritual, a "vote-a-rama" on amendments that promised to last into the wee hours of Friday morning.

House GOP passes $788B bill for Pentagon, border wall

Andrew Taylor, Associated Press  |  Posted   Jul 27th - 3:41pm

The House passed a $788 billion spending bill Thursday that combines a $1.6 billion down payment for President Donald Trump's controversial border wall with Mexico with a whopping budget increase for the Pentagon.

Nokia reports loss, warns of decline in networks industry

Matti Huuhtanen, Associated Press  |  Posted   Jul 27th - 3:32pm

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.

The Latest: House passes $788B bill for military, wall

The Associated Press  |  Posted   Jul 27th - 3:32pm

The Latest on the House's $788 billion spending measure (all times local):

Airbus profits lag amid engine issues, military challenges

The Associated Press  |  Posted   Jul 27th - 3:32pm

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.

GOP's repeal of insurance mandate could backfire

Ricardo Alonso-Zaldivar, Associated Press  |  Posted   Jul 27th - 3:32pm

Getting rid of the Affordable Care Act's highly unpopular penalty for not having health insurance could backfire on Republicans, prompting significant premium increases if it were actually to pass.

Forbes: Amazon CEO Bezos was briefly the world's richest man

Anick Jesdanun, Associated Press  |  Posted   Jul 27th - 3:22pm

Amazon CEO Jeff Bezos briefly became the world's richest man Thursday in Forbes magazine's tracking of wealth, as stock in his e-commerce company hit an all-time high.

Shell preparing for world economy that shifts away from oil

Danica Kirka, Associated Press  |  Posted   Jul 27th - 3:22pm

Royal Dutch Shell is planning for the day when demand for oil starts fading as major economies move away from oil and increasingly turn to electric-powered cars, Chief Executive Ben van Beurden said Thursday.

Worsening drought conditions in parts of US stressing crops

David Pitt, Associated Press  |  Posted   Jul 27th - 3:12pm

Drought conditions worsened in several states over the past week from extreme heat and weeks with little rain, raising the prospect that grocery staples such as bread and beans could cost more as the region that produces those commodities is hardest hit.

Thrill ride OK'd hours before deadly state fair accident

Julie Carr Smyth, Associated Press  |  Posted   Jul 27th - 3:12pm

Inspectors repeatedly looked over a thrill ride while it was assembled at the Ohio State Fair and signed off on it hours before it flew apart in a deadly accident that flung passengers into the ground, according to authorities and records released Thursday.

The Latest: Operator says ride was inspected before accident

The Associated Press  |  Posted   Jul 27th - 3:03pm

The Latest on Ohio State Fair's deadly accident when a ride broke apart. (all times local):

Report: Interior chief warns Alaska senators on health care

Matthew Daly, Associated Press  |  Posted   Jul 27th - 3:03pm

Interior Secretary Ryan Zinke called Alaska's two Republican senators to warn them of repercussions for the nation's largest state if they failed to toe the Trump administration line on health care, according to a published report.

Falling tech stocks pull US indexes off their record highs

Stan Choe, Associated Press  |  Posted   Jul 27th - 3:03pm

U.S. stock indexes pulled back from their record highs Thursday after an afternoon swoon for technology companies helped overshadow another big day for telecoms.

Troubled trucking firm faces scrutiny after Texas deaths

Ryan J. Foley, Associated Press  |  Posted   Jul 27th - 2:52pm

The trucking company linked to the recent deadly human smuggling case in Texas had promoted itself as an American success: a family firm whose hard-working drivers helped keep the U.S. economy running.

APNewsBreak: Contractor appeals delay border wall prototypes

Elliot Spagat, Associated Press  |  Posted   Jul 27th - 2:52pm

The Trump administration said Thursday that prototypes for a proposed border wall with Mexico have been delayed until November because two companies have objected to the bidding process.

Starbucks to shutter all Teavana stores as sales disappoint

The Associated Press  |  Posted   Jul 27th - 2:52pm

Starbucks plans to shutter all its Teavana stores as it seeks to improve sales at its namesake coffee stores.

The Latest: GOP turns toward scaled back health measure

The Associated Press  |  Posted   Jul 27th - 2:38pm

The Latest on the effort by congressional Republicans to pass a health care bill (all times local):