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  • Disney beats Street 2Q forecasts

    BURBANK, Calif. (AP) — The Walt Disney Co. (DIS) on Tuesday reported fiscal second-quarter earnings of $2.11 billion. On a per-share basis, the Burbank, California-based company said it had net income of $1.23. The results…

  • EU raises eurozone forecast despite bleaker Greek outlook

    BRUSSELS (AP) — The European Union has nudged up its forecast for economic growth across the 19-country eurozone despite a much gloomier outlook for Greece, which is struggling to get its hands on vital bailout…

  • Report: ‘Legal firewall’ shields Chinese firms from lawsuits

    WASHINGTON (AP) — Chinese companies are shielding themselves from lawsuits in America, denying U.S. businesses and investors their day in court, a report from a federal watchdog says. The report published Tuesday by the U.S.-China…

  • Environmentalists sue over theme park’s solar farm plans

    JACKSON, N.J. (AP) — Environmental groups have filed suit over a New Jersey theme park’s plans to cut nearly 19,000 trees to build a 90-acre solar farm. The groups claim Six Flags Great Adventure in…

  • Discovery tops 1Q profit forecasts

    SILVER SPRING, Md. (AP) — Discovery Communications Inc. (DISCA) on Tuesday reported first-quarter profit of $250 million. The Silver Spring, Maryland-based company said it had profit of 37 cents per share. Earnings, adjusted for amortization…

  • Stocks cautious after plunge in Chinese market

    LONDON (AP) — Stock markets were subdued on Tuesday after Chinese stocks plunged as the start of an IPO wave cooled investor sentiment. KEEPING SCORE: In Europe, France’s CAC-40 edge up 0.1 percent to 5,084.85…

  • Afghan poppy farmers say new seeds will boost opium output

    ZHARI, Afghanistan (AP) — It’s the cash crop of the Taliban and the scourge of Afghanistan — the country’s intractable opium cultivation. This year, many Afghan poppy farmers are expecting a windfall as they get…

  • German train drivers start five-day strike in wage dispute

    BERLIN (AP) — German train drivers started a five-day strike Tuesday, their longest walkout yet in an increasingly bitter dispute with the country’s main railway operator. Passenger train drivers walked off the job at 2…

  • Family of driver killed in train-car collision plans to sue

    VALHALLA, N.Y. (AP) — The family of the SUV driver involved in a deadly collision with a Metro-North commuter train plans to sue the railroad. Ellen Brody’s family filed a notice of claim that names…

  • VW CEO vows progress on costs after leadership struggle

    FRANKFURT, Germany (AP) — Volkswagen’s CEO said the company is tackling its problems in the wake of a leadership struggle and promised progress on lowering costs and raising profitability. Martin Winterkorn said the company’s new…

  • China to lift price controls on most drugs starting June 1

    BEIJING (AP) — Chinese regulators will lift price controls on most pharmaceutical drugs starting June 1 in hopes that the market-driven pricing system will keep medical costs in check, the National Development and Reform Commission…

  • HSBC first quarter pretax profits up 4 percent

    LONDON (AP) — HSBC, Europe’s biggest bank, says pretax profits were up 4 percent to $7.1 billion in the first quarter from a year earlier, even as it beat back increasing regulatory costs. The bank…

  • New D.C. law turning businesses into bars overnight

    WASHINGTON – There’s a new law in D.C. that is pulling the top shelf closer to customers. The law allows distilleries and wineries to sell their products to customers on site and also makes for…

  • Greek officials lobby EU, ECB for swift loan payout

    PARIS (AP) — Greek finance minister Yanis Varoufakis is meeting top European officials in Paris and Brussels as the cash-strapped country seeks the swift release of delayed bailout money that it needs to keep up…

  • Lufthansa’s operating loss narrows on lower fuel costs

    FRANKFURT, Germany (AP) — German airline Lufthansa, still coping with the aftermath of the crash of Germanwings Flight 9525, saw its operating losses narrow in the first quarter as fuel costs fell in the wake…