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  • APNewsBreak: Gov’t finds health law co-ops awash in red ink

    WASHINGTON (AP) — Nonprofit co-ops, the health care law’s public-spirited alternative to mega-insurers, are awash in red ink and many have fallen short of sign-up goals, a government audit has found. Under President Barack Obama’s…

  • Senate poised to approve 3-month extension to highway bill

    WASHINGTON (AP) — Facing a Friday deadline, the Senate is on track to shore up federal highway aid and veterans’ health care, leaving a raft of unresolved issues for a jam-packed congressional agenda in the…

  • Deutsche Bank profits rise, but hurt by litigation costs

    FRANKFURT, Germany (AP) — Deutsche Bank’s net profit rose in the second quarter, but legal expenses stemming from investigations of the bank’s past conduct also increased and the bank’s new co-CEO said its financial performance…

  • California to release June water-savings report amid drought

    SACRAMENTO, Calif. (AP) — California regulators were expected Thursday to announce how much water cities conserved in June — the first month of mandatory cutbacks during the drought. The disclosure comes after the state’s largest…

  • Sony quarterly profit up 3-fold on currency gains, sensors

    TOKYO (AP) — Sony said quarterly profit rose threefold as foreign exchange gains and sales of image sensors and Playstation 4 software helped offset declines elsewhere. The Japanese electronics and entertainment giant reported Thursday that…

  • Royal Bank of Scotland reports rise in 2nd quarter profits

    LONDON (AP) — Taxpayer-owned Royal Bank of Scotland says second-quarter net income rose 27 percent to 293 million pounds ($458 million) as the British government prepares to sell its stake. Bailed out by the British…

  • Update on the latest religion news

    IRS-COLLEGES-GAY MARRIAGE IRS: College tax status not at risk over gay marriage WASHINGTON (AP) — IRS Commissioner John Koskinen says religious colleges that don’t accept gay marriage aren’t at risk of losing their tax-exempt status.…

  • US economy likely rebounded to solid growth rate in spring

    WASHINGTON (AP) — After a terrible winter, the economy is improving, with a solid rebound in the spring expected to be followed by stronger growth in the second half of the year. That’s the view…

  • Toyota robot can pick up after people, help the sick

    YOKOHAMA, Japan (AP) — Toyota’s new robot that glides around like R2-D2 is devoted to a single task: picking things up. HSR, short for “human support robot,” comes with a single mechanical arm that can…

  • Shell reports drop in Q2 profit to $3.9 billion

    LONDON (AP) — Oil giant Royal Dutch Shell says second-quarter net income fell 25 percent to $3.9 billion as the prolonged impact of lower crude prices continues to hurt the bottom line. Shell also announced…

  • Sanofi reports higher profit in 2nd quarter

    PARIS (AP) — Drugmaker Sanofi has reported a sharp rise in profits in the second quarter as higher sales from its Cambridge, Mass.-based biotech unit Genzyme helped offset by cuts in the price of the…

  • Nokia Q2 profit at $383 million on strong networks growth

    HELSINKI (AP) — Telecommunications and wireless equipment maker Nokia Corp. says second-quarter net profit was €347 million euros ($383 million), with growth particularly strong in its core networks division. Overall sales increased 9 percent to…

  • Matson to end Hawaii molasses operation, pay $15.4 million

    HONOLULU (AP) — The biggest shipping company serving Hawaii will end its molasses operation in the state and pay millions of dollars as compensation for spilling 1,400 tons of the sugary substance in Honolulu Harbor.…

  • Siemens net profit flat after restructuring charges

    FRANKFURT, Germany (AP) — Germany’s Siemens AG says net profit fell slightly in the most recent quarter as better earnings from sales of medical equipment were offset by slower business at its power and gas…

  • Galaxy S6 fails to reverse profit decline at Samsung

    SEOUL, South Korea (AP) — Samsung Electronics suffered a fifth straight drop in quarterly earnings as the Galaxy S6 failed to reverse its declining fortunes in global smartphone sales. The company’s overall earnings drop during…