Business

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  • US auto sales strong in July on SUV, luxury demand

    DETROIT (AP) — Summer deals and big demand for SUVs and luxury vehicles kept U.S. auto sales strong in July. Sales of new cars and trucks were expected to rise 3 percent to nearly 1.5…

  • US consumer spending edges up in June

    WASHINGTON (AP) — Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items. Consumer spending edged up 0.2 percent in June,…

  • Malaysian agency: money in Najib’s accounts came from donors

    KUALA LUMPUR, Malaysia (AP) — Malaysia’s anti-corruption agency says $700 million in Prime Minister Najib Razak’s personal bank accounts came from donations, not from a debt-ridden state investment fund. The Malaysian Anti-Corruption Commission effectively cleared…

  • India orders telecoms to block more than 850 adult websites

    NEW DELHI (AP) — India has ordered Internet service providers to block access to more than 850 adult websites in what the government has described as a way to protect social decency. N.N. Kaul, a…

  • Greek stock market bloodbath as exchange reopens

    ATHENS, Greece (AP) — Greece’s stock market plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis.…

  • Sears sales fall sharply in 2Q as it spins off real estate

    HOFFMAN ESTATES, Ill. (AP) — Sears Holdings Corp. says a key sales figure fell sharply in the second quarter, particularly dragged down by weakness at its namesake stores. It’s at least the 10th straight quarter…

  • Europe stocks rise despite Greece plunge; Asia closes down

    BEIJING (AP) — European stocks mostly rose, shrugging off a 22 percent plunge in the Athens benchmark, which reopened after a five-week shutdown. Asian shares closed lower on evidence of weakness in Chinese manufacturing. KEEPING…

  • Retailers to pay New York $300,000 in toy gun settlement

    NEW YORK (AP) — Retailers including Walmart, Sears and Amazon have agreed to keep realistic toy guns off their shelves in New York as part of a settlement with the state. Attorney General Eric Schneiderman…

  • Exor buying PartnerRe in deal valued at about $6.9 billion

    NEW YORK (AP) — PartnerRe’s biggest shareholder, Italian investment company Exor, is buying the reinsurer in a deal worth about $6.9 billion. PartnerRe is ending its all-stock agreement with Axis Capital Holdings Ltd., which was…

  • Son demotes dad in battle for control of S. Korean retailer

    SEOUL, South Korea (AP) — A family battle for control of South Korea’s largest retailer has erupted in public after the group’s 92-year-old founder was demoted to a powerless role in the business by his…

  • Greek stock market reopens with 22 percent loss

    ATHENS, Greece (AP) — Greece’s main stock index plunged more than 22 percent as it reopened today after a five-week closure, giving investors their first opportunity since June to react to the country’s latest economic…

  • German automakers buying Nokia’s HERE map business

    BERLIN (AP) — A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.’s HERE map business in a deal that values the unit at 2.8 billion euros ($3.1 billion)…

  • AP WAS THERE: US drops atomic bombs on Japan in 1945

    EDITOR’S NOTE: On two days in August 1945, U.S. planes dropped two atomic bombs — one on Hiroshima, one on Nagasaki, the only times nuclear weapons have been used. Their unprecedented destructive power incinerated buildings…

  • Pro-Bush super PAC received $1M from Florida power company

    WASHINGTON (AP) — The largest Florida corporate donor to a super political action committee backing former Gov. Jeb Bush’s presidential run is NextEra Energy Inc., the company that owns electric utility giant Florida Power &…

  • Update on the latest in business:

    FINANCIAL MARKETS Asian stocks fall on weak Chinese manufacturing, oil slump BEIJING (AP) — Asian stocks fell today on weaker Chinese manufacturing and lower oil prices as investors looked ahead to U.S. data on factory…