Business

July 28, 2017 - 11:34 am
NEW YORK (AP) — 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. The savings program, called myRA, was created about two years ago to give people without access to a 401(k) or other retirement plan from...
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Former biotech CEO Martin Shkreli, center, leaves federal court with his attorney Benjamin Brafman, left, Thursday, July 27, 2017, in New York. Brafman told the jury during closing arguments that his client annoyed some of his investors but ultimately rewarded them by starting a drug company that doubled or tripled their money. (AP Photo/Julie Jacobson)
July 28, 2017 - 10:11 am
NEW YORK (AP) — A defense lawyer says former pharmaceutical CEO Martin Shkreli would lose a $65 million stake in a drug company he founded if he's convicted at his securities fraud trial. Attorney Ben Brafman made the claim Friday during closing arguments in federal court in New York. The lawyer...
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July 28, 2017 - 10:11 am
LONDON (AP) — Britain has eased a ban on laptops and tablets in airline cabins, lifting the prohibition on some flights from Turkey. In March, Britain banned electronic devices larger than smartphones on direct flights from Turkey, Lebanon, Jordan, Egypt, Tunisia and Saudi Arabia. The Department...
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July 28, 2017 - 9:57 am
WASHINGTON (AP) — Wages and benefits paid to U.S. civilian workers grew more slowly in the second quarter. The Labor Department said Friday total compensation was up 0.5 percent in the April-June period, compared to 0.8 percent growth in the first quarter. Wages and salaries, which account for 70...
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This April 25, 2017, photo, shows Exxon service station signs in Nashville, Tenn. Exxon Mobil Corp. reports earnings, Friday, July 28, 2017. (AP Photo/Mark Humphrey)
July 28, 2017 - 9:37 am
IRVING, Texas (AP) — Exxon Mobil Corp. cut spending on oil exploration, helping boost earnings to $3.35 billion in the second quarter, doubling its historically low profit of a year ago. Profit rose for both production of oil and gas and Exxon's refining business. The results, however, still fell...
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Senate Majority Leader Mitch McConnell of Ky. leaves the Senate chamber on Capitol Hill in Washington, Thursday, July 27, 2017, after a vote as the Republican majority in Congress remains stymied by their inability to fulfill their political promise to repeal and replace "Obamacare" because of opposition and wavering within the GOP ranks. (AP Photo/J. Scott Applewhite)
July 28, 2017 - 9:26 am
WASHINGTON (AP) — Republican finger-pointing commenced after the Senate's dark-of-night defeat of the GOP's flagship effort to repeal much of the Obama health care law in a startling vote that dealt a blistering blow to President Donald Trump. "3 Republicans and 48 Democrats let the American people...
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July 28, 2017 - 9:20 am
WASHINGTON (AP) — The U.S. economy revved up this spring after a weak start to the year, fueled by a surge in consumer spending. But the growth spurt still fell short of the optimistic goals President Donald Trump hopes to achieve through tax cuts and regulatory relief. The Commerce Department said...
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July 28, 2017 - 8:40 am
ZAGREB, Croatia (AP) — Hundreds of Croatian taxi drivers protested Friday against Uber services, disrupting traffic at the height of the tourist season in the Adriatic country. Protesting taxi drivers caused a major traffic slowdown outside the main tourism center of Dubrovnik, authorities said...
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An injured passenger is attended to on the platform of a train station in Barcelona, Spain, Friday, July 28, 2017. Dozens of people were injured when a morning commuter train they were traveling on crashed into the buffers in a station in northeastern Barcelona early Friday. (AP Photo/Adrian Quiroga)
July 28, 2017 - 8:38 am
BARCELONA, Spain (AP) — A Spanish commuter train crashed into a buffer early Friday at a station in northeastern Barcelona, tossing passengers to the floor and sending 53 people to the hospital, officials said. Public Works Minister Inigo de la Serna, who visited the scene, said 56 people in all...
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An electronic stock board shows the Hang Seng Index at a bank in Hong Kong, Friday, July 28, 2017. Asian shares slid Friday as investors evaluated the latest raft of corporate earnings, including those from tech stocks, which had a poor day on Wall Street and weighed on overall investor sentiment. (AP Photo/Kin Cheung)
July 28, 2017 - 8:37 am
HONG KONG (AP) — Global stocks slid on Friday as underwhelming earnings from Amazon and Twitter weighed on technology companies. KEEPING SCORE: France's CAC 40 lost 1.2 percent to 5,124 and Germany's DAX shed 0.5 percent to 12,152. Britain's FTSE 100 fell 0.7 percent to 7,388. Wall Street was...
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