LOS ANGELES (AP) ? Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.
SAN DIEGO (AP) ? John Malkovich and Benedict Cumberbatch each made their Comic-Con debuts ? as themselves and as their first animated characters.
NEW YORK (AP) ? Only Wall Street could make the buying and selling of more than 3 billion shares look like nothing happened.
NEW YORK (AP) ? Starbucks said Thursday that its revamped breakfast sandwiches and other new menu items helped boost sales at its U.S. cafes.
CAPE CHARLES, Va. (AP) ? The sky turned black and cellphones pinged with emergency messages. Moments later, a tornado ripped through a sprawling, carnival-like campground Thursday, snapping dozens of trees and flipping over RVs.
WASHINGTON (AP) ? With Congress scheduled to recess in a week, the chairmen of the House and Senate Veterans Affairs committees offered competing proposals Thursday to fix a veterans' health care program scandalized by long patient wait times and falsified records covering up the delays.
NEW YORK (AP) ? The U.S. Food and Drug Administration isn't required to hold public hearings to evaluate the health risks of widespread use of antibiotics in animal feed, a federal appeals court ruled Thursday.
SEATTLE (AP) ? Amazon.com Inc. (AMZN) on Thursday reported a bigger loss in its second quarter, and missed analysts' expectations.
Ukraine's prime minister resigned Thursday after his governing coalition collapsed, plunging the former Soviet state into political limbo as it struggles to quell a deadly rebellion in the east. The shock announcement added to an already chaotic situation in the rebel-controlled east, where international experts are carrying out a complex investigation into last week's downing of Malaysia Airlines flight MH17 that left 298 dead. Prime Minister Arseniy Yatsenyuk said he was stepping down over the "dissolution of the parliamentary coalition and the blocking of government initiatives" after several parties walked out on the ruling group. The collapse of the ruling coalition paves the way for early elections to be called by President Petro Poroshenko within 30 days.
BOGOTA, Colombia (AP) ? Authorities in Aruba announced Thursday that they arrested a close confidant of late Venezuelan President Hugo Chavez who was sent as that country's consul to the Caribbean island despite being sanctioned by the U.S. government on charges of drug trafficking.
By Hamid Ould Ahmed ALGIERS (Reuters) - French warplanes and U.N. helicopters scoured the north of Mali on Thursday for the wreckage of an Air Algerie flight after it crashed carrying 110 passengers, nearly half of them French, from Burkina Faso to Algiers. French Foreign Minister Laurent Fabius said authorities believed flight AH5017 may have encountered bad weather after the pilot requested to change direction shortly after takeoff due to a storm. Officials in Mali and Burkina Faso gave conflicting accounts of locating the crash. Malian President Ibrahim Boubacar Keita said wreckage of the flight had been spotted in his country's far north, toward the Algerian border between the towns of Aguelhoc and Kidal.
WASHINGTON (AP) ? The Obama administration is weighing giving refugee status to young people from Honduras as part of a plan to slow the influx of unaccompanied minors arriving at the U.S.-Mexico border, White House officials said Thursday.
WASHINGTON (AP) ? An influential Democratic senator threatened Thursday to block U.S. arms sales to Iraq if Congress doesn't get an assessment of Iraqi forces and assurances the weapons won't fall into the hands of extremist militants.
General Motors is crying and Ford is laughing: The top US automakers posted wildly different earnings Thursday, the first hurt by recalls, the second lifted by new cash from Europe. The stock market told the tale: GM shares plunged 4.5 percent to close at $35.74, while Ford rose 0.3 percent to $17.84. GM, America's largest automaker, saw heavy charges related to its recall of faulty models push its second-quarter its profit down to $190 million, a hefty 85 percent drop from a year ago. Ford Motor Company, by contrast, posted a 6.3 percent rise in profit to $1.31 billion in the second quarter, helped by its first profit from European operations in three years.
By Soyoung Kim and Olivia Oran NEW YORK (Reuters) - A series of European law firms are aggressively pitching low corporate taxes in their countries to prospective U.S. clients, seeking to tap into the tax inversion frenzy that has seized Corporate America in recent months. At least eight European law firms are pitching their services to major U.S. law firms and Wall Street banks, hoping that U.S. companies considering an inversion choose Ireland, Britain or the Netherlands for their new tax domicile, according to people with knowledge of the matter.
New York (AFP) - Wall Street stocks Thursday finished little changed with the S&P 500 inching to a new record following mixed US economic data and a flood of corporate earnings.
Facebook stock jumped to record highs Thursday as strong earnings from the leading social network sparked fresh buying. The rise lifted Facebook's market value to some $190 billion. Facebook said Wednesday that profits leapt to $791 million during the three months ended June 30, a 138 percent increase from a year earlier. Revenue in the quarter surged to $2.91 billion, with approximately 62 percent of that money coming from ads served up on mobile devices such as smartphones or tablet computers.
Copyright 5/8/2013 Publishers Weekly. Week ending 7/20/2014, powered by Nielsen Bookscan 5/8/2013 The Nielsen Company.
United Nations Secretary-General Ban Ki-moon expressed his horror at the attack on the school at Beit Hanoun in the northern Gaza strip. I strongly condemn this act." Ban later arrived to Cairo where he was expected to meet U.S. Secretary of State John Kerry, who has been working the telephones to try to broker an elusive truce. Israel Defense Forces (IDF) Lieutenant Colonel Peter Lerner said there was a chance the school had been hit by stray Hamas rockets. "It could be errant fire from the IDF or rockets landing from Gaza terrorists but we still don't know, there's still a question mark," he told Reuters TV.
By Justyna Pawlak and Adrian Croft BRUSSELS (Reuters) - The European Union would target state-owned Russian banks vital to financing Moscow's faltering economy in the most serious sanctions so far over the Ukraine crisis under proposals considered by EU governments on Thursday. Ambassadors of the 28-nation bloc discussed options to curb Russian access to capital markets, arms and energy technology in response to the downing of a Malaysian airliner in an area of eastern Ukraine held by Russian-backed separatists on July 17. Talks on the options for stepped-up action drafted by the European Commission will continue on Friday morning, an EU official said, and diplomats said decisions on wider sanctions were likely at the earliest next week. Ambassadors also agreed to further expand the scope of sanctions to include companies and people who support Russian decision-makers responsible for the annexation of Ukraine's Crimea region or for destabilising eastern Ukraine.
ST. LOUIS (AP) ? The nation's third botched execution in six months offers more evidence for the courts that lethal injection carries too many risks and amounts to cruel and unusual punishment, death-row lawyers and other opponents said Thursday.
U.N. Secretary-General Ban Ki-Moon said he was appalled by the shelling of a U.N. school in the Gaza Strip on Thursday and made a vehement plea for both sides to end the conflict. "I was shocked and appalled by what has happened in Beit Hanoun," Ban told reporters, referring to the northern Gaza town where the attack, in which at least 15 people died according to Gaza authorities, took place.
OWINGS MILLS, Md. (AP) ? Yani Tseng made a 12-foot birdie putt on the 18th hole to give Taiwan a sweep of the top-seeded United States team Thursday in the opening round of the International Crown.
A shooting at a suburban Philadelphia hospital campus has killed one worker and injured two other people.
WASHINGTON (AP) ? It's one thing to be Montana's lieutenant governor. It's another to be a U.S. Senate candidate in one of the states that will determine which party controls that 100-member chamber.
BAGHDAD (AP) ? Iraqi lawmakers elected a veteran Kurdish politician on Thursday to replace long-serving Jalal Talabani as the country's new president in the latest step toward forming a new government. But a series of attacks killed dozens of people and Islamic militants destroyed a Muslim shrine traditionally said to be the burial place of the Prophet Jonah, underscoring the overwhelming challenges facing the divided nation.
BUFFALO, N.Y. (AP) ? A Buffalo Bills prospective ownership group that includes rocker Jon Bon Jovi has conducted a feasibility study into buying the NFL franchise and building a stadium in Toronto, a person close to the situation said.
WASHINGTON (AP) ? Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. An airliner crashes during a storm, and yet another disappears. Aviation has suffered one of its worst weeks in memory, a cluster of disasters spanning three continents.
BEIT LAHIYA, Gaza Strip (AP) ? In the morgue at a small Gaza hospital, the anguished cries of those who lost loved ones in Israeli airstrikes fell silent Thursday when Ahmed Jadallah began attending to the corpses, one by one, on his wooden work table.
NEW YORK (AP) ? U.S. stocks are ending little changed after a day of mixed signals on corporate earnings and the economy.
CLEVELAND (AP) ? The Cavaliers have signed No. 1 overall draft pick Andrew Wiggins, a contract that prevents him from being traded for 30 days.
By Charlie Zhu and David Lague HONG KONG (Reuters) - Throughout his career at China's biggest oil producer, Jiang Jiemin was careful to put politics before business, say colleagues who worked closely with the purged executive. In strongly supporting government energy strategy, often at the expense of profitability, the former chief of China National Petroleum Company was a vocal proponent of what he called national and social responsibility for state-owned enterprises, according to his speeches and public statements. Jiang's former colleagues say the Shandong University-trained economist is a sharply different personality than some of the rough and tumble engineers and geologists at the top of CNPC. "More of a politician than an oil man." His polish set him apart from colleagues like current CNPC boss Zhou Jiping, a garrulous engineer widely known and liked in the global oil industry.
By David Lague , Charlie Zhu and Benjamin Kang Lim BEIJING/HONG KONG (Reuters) - Oil executive Jiang Jiemin rose to power in Communist China in time-honored fashion: by hitching his star to a mighty mentor. In Jiang's case, that patron was another oil man, Zhou Yongkang, who went on to become the chief of China's internal security apparatus and one of the country's most powerful men. Like Zhou before him, Jiang rose to the top of country?s biggest oil producer, China National Petroleum Corporation. ...
ALGIERS, Algeria (AP) ? An Air Algerie jetliner carrying 116 people vanished Thursday in a rainstorm over restive northern Mali, and French officials say it has probably crashed ? the third major international aviation disaster in a week.
By Ben Klayman DETROIT (Reuters) - Ford Motor Co one-upped its larger rival General Motors Co in the second quarter, showing a profit in Europe for the first time in three years while GM was weighed down by recall-related costs in the United States. Ford managed to eke out stronger earnings that sent its shares higher on Thursday, while GM shares fell 5 percent even though both automakers had good quarters in North America and poor results in South America. Still, the picture remains cloudy for both automakers in the second half, which for Ford will carry heavy costs because of new vehicles. The tough outlook was echoed by South Korea's Hyundai Motor Co, which also reported second-quarter results on Thursday.
The prolonged execution in Arizona looked troubling, but was it unconstitutional? The U.S. Supreme Court, which upheld the use of lethal injection six years ago, has held that "an isolated mishap" during an execution does not violate the Eighth Amendment. A question and answer look at the current state of executions.
PLAINFIELD, Ind. (AP) ? The U.S. Coast Guard has found wreckage from an airplane piloted by a teenager who was killed when he crashed during an around-the-world flight, a Coast Guard spokesman said Thursday.
KHARKIV, Ukraine (AP) ? Two more military aircraft carrying remains of victims from the Malaysian plane disaster arrived in the Netherlands on Thursday, while Australian and Dutch diplomats joined to promote a plan for a U.N. team to secure the crash site which has been controlled by pro-Russian rebels.
DARBY, Pa. (AP) ? Prosecutor: 1 worker dead in suburban Philadelphia hospital shooting; 2 hurt, including gunman.
WASHINGTON (AP) ? The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel.