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Watchdog: IMF response to European crisis "uneven"

Paul Wiseman, Associated Press  |  Posted  Jul 28th - 9:07am

The International Monetary Fund was unprepared for the debt crisis that hit Europe and was slow to push for debt relief that might have made it easier for Greece to pay its bills, an IMF watchdog says.

American Airlines plane lands safely despite engine flames

The Associated Press  |  Posted  Jul 28th - 9:01am

An American Airlines aircraft landed safely at Dallas-Fort Worth International Airport despite a dramatic discharge of flames from one of the engines.

Grain mostly lower, livestock mixed

The Associated Press  |  Posted  Jul 28th - 9:01am

Grain futures were mostly lower Thursday in early trading on the Chicago Board of Trade.

US homeownership rate of 62.9 percent matches a 51-year low

Josh Boak, Associated Press  |  Posted  Jul 28th - 9:00am

The proportion of U.S. households that own homes has matched its lowest level in 51 years — evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy.

Egypt convicts top anti-corruption official of 'false news'

The Associated Press  |  Posted  Jul 28th - 8:41am

An Egyptian court has convicted the country's former top anti-corruption official of "spreading false news," sentencing him to a year in prison and a fine of 20,000 Egyptian pounds ($2,250) which, if paid along with an additional 10,000 pounds, will allow him to avoid incarceration.

Energy firm to decide on divisive UK nuclear power plant

Sylvie Corbet, Associated Press  |  Posted  Jul 28th - 8:31am

French energy company EDF is due to decide Thursday whether to go ahead with a major nuclear power plant project in southwest England that some consider too costly, including one board member who announced his resignation.

Railroads might have to let rivals serve their customers

Josh Funk, Associated Press  |  Posted  Jul 28th - 8:30am

Freight railroads could soon be forced to allow competing railroads to serve some customers along their tracks if federal regulators approve a new rule.

British PM: Immigration control must be part of EU-UK deal

The Associated Press  |  Posted  Jul 28th - 8:30am

British Prime Minister Theresa May says any future deal on cooperation between her country and the European Union has to take into account "a clear message" from the Brexit vote over immigration control.

Abu Dhabi's Mubadala to buy 20 percent of Investcorp

The Associated Press  |  Posted  Jul 28th - 8:30am

Abu Dhabi's government-backed Mubadala Development Company has agreed to buy a 20-percent stake in Bahraini investment firm Investcorp.

Oracle buying NetSuite in deal valued at about $9.3B

The Associated Press  |  Posted  Jul 28th - 8:21am

Oracle is buying cloud company NetSuite in a deal valued at about $9.3 billion.

Founder of Christmas Tree Shops discount retail chain dies

The Associated Press  |  Posted  Jul 28th - 8:20am

The man who founded the Christmas Tree Shops discount retail chain with a single store on Cape Cod has died. Charles Bilezikian (bihl-uh-ZIHK-ee-un) was 79.

Initial Brexit shock is hurting UK _ but sparing eurozone

Pan Pylas, Associated Press  |  Posted  Jul 28th - 8:10am

For years, Britain bragged about its economic performance, contrasting it with the neighboring eurozone, which was struggling with a series of financial crises and stagnation.

Ford's 2Q profit falls on trouble in US, China

Dee-Ann Durbin, Associated Press  |  Posted  Jul 28th - 8:10am

Ford Motor Co.'s net income fell 9 percent to $2.0 billion in the second quarter as the company struggled with flattening U.S. sales and a tougher market in China.

New York settles with Zipcar over damage fees it charged

The Associated Press  |  Posted  Jul 28th - 7:41am

New York's attorney general has reached a settlement with Zipcar Inc. over vehicle damage fees charged to 5,000 members from 2011 through 2015.

Bentley: Lottery best option for revenue in Alabama

Kim Chandler, Associated Press  |  Posted  Jul 28th - 7:20am

Alabama Gov. Robert Bentley once said state lotteries were as outdated as leisure suits, but in throwing his support to a state lottery this week he said it was the only revenue option left in the closet.

Records: 2 pollutants found in 2 Michigan water supplies

The Associated Press  |  Posted  Jul 28th - 7:00am

Pollutants that have been linked to health problems including cancer and childhood developmental issues have been found in public drinking water supplies for two Michigan communities, according to local and federal records.

Applications for US jobless aid rise to still-low 266,000

Christopher S. Rugaber, Associated Press  |  Posted  Jul 28th - 7:00am

More Americans sought unemployment aid last week, but the number of applications was still at a low level that suggested hiring is healthy.

Gig economy arrives in China (officially); ride-sharing a go

Joe McDonald, Associated Press  |  Posted  Jul 28th - 7:00am

China's Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins with regulators.

Russia's customs chief resigns over corruption allegations

The Associated Press  |  Posted  Jul 28th - 6:40am

Russian Prime Minister Dmitry Medvedev accepted Thursday the resignation of the head of the customs agency, several days after investigators searched his home and founds hundreds of thousand dollars stashed in shoe boxes.