Business

July 27, 2018 - 2:58 pm
PHOENIX (AP) — A new indictment in Arizona against operators of Backpage.com alleges the classified ad site gave free ads to prostitutes and cultivated arrangements with others who worked in the sex trade to get them to post ads with the company. The indictment filed Wednesday repeats allegations...
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Opera Limited Chairman & CEO Yahui Zhou, third left, with secretary to the board An Da, left, and Shu Guan Wang, from China International Capital Corp., watch price quotes before Opera's IPO begins trading, at the Nasdaq MarketSite, in New York's Times Square, Friday, July 27, 2018. (AP Photo/Richard Drew)
July 27, 2018 - 2:21 pm
Technology companies led a broad slide in U.S. stocks Friday, adding to the market's losses from a day earlier. Twitter led the technology sector sell-off after the social media network said its monthly users declined in the second quarter. Smaller-company stocks fell more than the rest of the...
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July 27, 2018 - 12:40 pm
A federal judge has ruled that state and local governments cannot publicize federal government data about where prescription opioids were distributed — a blow to news organizations seeking to report more deeply on the nation's overdose and addiction crisis. The U.S. Drug Enforcement Agency is...
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FILE - In this Oct. 13, 2015, file photo, the Twitter logo appears on a phone post on the floor of the New York Stock Exchange. Twitter shares fell Thursday, July 26, 2018, after President Donald Trump said in a tweet the company was limiting visibility of prominent Republicans and said he was going to look into the matter. (AP Photo/Richard Drew, File)
July 27, 2018 - 12:32 pm
NEW YORK (AP) — Cracking down on hate, abuse and online trolls is also hurting Twitter's standing with investors. The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the coming months. The more than 17 percent...
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President Donald Trump delivers remarks on the economy from the South Lawn of the White House, Friday, July 27, 2018, in Washington. (AP Photo/Jacquelyn Martin)
July 27, 2018 - 12:32 pm
WASHINGTON (AP) — The U.S. economy accelerated last quarter at an annual rate of 4.1 percent, the government estimated Friday, as consumers spent tax-cut money, businesses stepped up investment and exporters rushed to ship their goods ahead of retaliatory tariffs. President Donald Trump said he was...
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FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney’s $71.3 billion acquisition of Twenty-First Century Fox’s entertainment division is one step closer after shareholders approves the deal Friday, July 27, 2018. The tie-up brings together Marvel’s X-Men and Avengers franchises and creates an entertainment behemoth in the digital streaming era. (AP Photo/Richard Drew, File)
July 27, 2018 - 10:57 am
NEW YORK (AP) — Disney's $71.3 billion acquisition of Twenty-First Century Fox's entertainment division is one step closer after shareholders approved the deal Friday. The tie-up brings together Marvel's X-Men and Avengers franchises and creates an entertainment behemoth in the digital streaming...
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FILE - In this April 23, 2018, file photo, the logo for ExxonMobil appears above a trading post on the floor of the New York Stock Exchange. Profit at Exxon Mobil Corp. surged on rising prices, but not enough for investors who are selling off shares in early trading. The Irving, Texas-based company on Friday, July 27, 2018 reported second-quarter profit of $3.95 billion, or 92 cents per share. (AP Photo/Richard Drew, File)
July 27, 2018 - 10:52 am
DALLAS (AP) — Rising oil prices pushed second-quarter profit at Exxon Mobil Corp. up 18 percent to $3.95 billion, but the results Friday fell short of Wall Street expectations, and the shares fell in morning trading. The price of benchmark international crude is up more than 50 percent from a year...
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FILE - This May 1, 2018 file photo shows Merck corporate headquarters in Kenilworth, N.J. Merck & Co. on Friday, July 27 reported second-quarter profit of $1.71 billion. The Kenilworth, New Jersey-based company said it had profit of 63 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and restructuring costs, were $1.06 per share. (AP Photo/Seth Wenig, File)
July 27, 2018 - 9:34 am
Soaring sales of cancer drugs, vaccines and veterinary medicines drove Merck & Co.'s 5 percent jump in second-quarter revenue and the company lifted its outlook for the year. Long known for primary care with its allergy, cholesterol, diabetes, heart and osteoporosis medications and shots to...
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July 27, 2018 - 7:35 am
WASHINGTON (AP) — The economy grew at a slightly slower pace last year than previously believed, but Americans' saving rate was a lot higher, thanks to a flood of previously unreported income. Those are some of the findings in the government's latest comprehensive revision of its report on the...
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July 27, 2018 - 7:33 am
WASHINGTON (AP) — The economy grew at a slightly slower pace last year than previously believed, but Americans' saving rate was a lot higher, thanks to a flood of previously unreported income. Those are some of the findings in the government's latest comprehensive revision of its report on the...
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