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  • Shanghai stocks volatile ... Consumer Confidence Index ... Greece-Debt Crisis
    Associated Press | July 28, 2015 3:32 am
    Shanghai stocks were volatile today after falling the most in eight years the day before while other Asian markets also flitted between gains and losses. The Shanghai index fell the most since February 2007 on Monday, plunging 8.5 percent despite a massive government intervention. On Wall Street, the Dow Jones industrial average lost 127.94 points, or 0.7 percent, to 17,440.59. The Standard & Poor's 500 index lost 12.01 points, or 0.6 percent, to 2,067.64 and the Nasdaq composite lost 48.85 points, or 1 percent, to 5,039.78.
  • Loss-making AirAsia X aims to be profitable by year-end
    Associated Press | July 28, 2015 3:00 am
    Long-haul budget carrier AirAsia X says it expects to return to operational profit by the end of the year and is open to strategic foreign investment.
  • Britain's economy grows 0.7 percent in second quarter
    Associated Press | July 28, 2015 2:24 am
    Britain's economy picked up speed in the second quarter of 2015, when it expanded by 0.7 percent compared with the previous three-month period.
  • Energy company BP slides to loss in 2nd quarter
    Associated Press | July 28, 2015 1:12 am
    BP reported a second-quarter loss Tuesday after the London-based oil company set aside another $10.8 billion to cover the cost of the Deepwater Horizon accident.
  • Statoil Q2 profits hit by lower oil prices, higher costs
    Associated Press | July 28, 2015 12:36 am
    Norwegian energy company Statoil says it was hit by lower oil prices, increased depreciation and higher drilling costs in the second quarter, causing net profit to fall 16 percent to 10.1 billion kroner ($1.2 billion).
  • Volkswagen sold more vehicles than Toyota in first half
    Associated Press | July 27, 2015 11:24 pm
    Volkswagen overtook Toyota in global vehicle sales for January-June, the first time the German automaker has come out top in the intensely competitive tallies.
  • Nike offers partial refund to end FuelBand lawsuit
    Associated Press | July 27, 2015 4:32 pm
    Nike will give partial refunds or gift cards to people who bought FuelBand fitness trackers in the last 3 1/2 years, resolving a lawsuit that says the products can't accurately tally how many steps a user is taking or how many calories they've burned.
  • US stocks continue slump...Big pharma gets bigger...BP to pay local governments for spill
    Associated Press | July 27, 2015 3:20 pm
    The worst drop in China's stock market in eight years has helped drag down other markets around the world. The Dow lost 128 points, or 0.7 percent, to 17,441. The S&P 500 lost 12 points, or 0.6 percent, to 2,068, and the Nasdaq lost 49 points, or 1 percent, to 5,040. The tough day follows declines in U.S. markets last week, when the three major indexes fell more than 2 percent as a number of big companies reported disappointing earnings.
  • Business Highlights
    Associated Press | July 27, 2015 3:16 pm
    Israel's Teva Pharmaceutical Industries Ltd. said Monday it is purchasing Dublin-based Allergan PLC's generic pharmaceuticals business for $40.5 billion, in what Israeli analysts called the largest-ever acquisition by an Israeli company.
  • Republic stock plunges on possible flight disruptions
    Associated Press | July 27, 2015 2:20 pm
    Republic Airways warned that its operation of regional flights for the nation's biggest airlines could be disrupted by a pilot shortage and labor standoff.
  • NY wins $600 million hub for photonics research, development
    Associated Press | July 27, 2015 2:12 pm
    Rochester, whose fortunes have risen and fallen with the demand for futuristic technologies from former powerhouses like Xerox and Kodak, is looking for its next big breakthrough in the field of integrated photonics, a light science with the potential to transform communications, medicine and national defense.
  • Rates on US Treasury bills rise to highest point this year
    Associated Press | July 27, 2015 2:04 pm
    Interest rates on short-term Treasury bills rose in Monday's auction to the highest levels this year.
  • Greece launches bailout talks as Plan B details revealed
    Associated Press | July 27, 2015 2:00 pm
    Greece's government on Monday launched complex bailout negotiations with creditors, but faced rebuke following revelations that former finance minister, Yanis Varoufakis, formed a secret committee to plan for the possible conversion of euros into drachmas "at a drop of a hat."
  • How the Dow Jones industrial average fared on Monday
    Associated Press | July 27, 2015 1:48 pm
  • Analysts expect more tie-ups in generic drug business
    Associated Press | July 27, 2015 1:44 pm
    Analysts say they expect more tie-ups are coming in the generic drug industry in the wake of Teva's mammoth deal for the generic drug business of Allergan.