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Stocks slip after highflying streak

Subscriber onlyNEW YORK -- Stocks fell Thursday after a mixed set of earnings reports put at least a temporary halt to the market's record-setting run. Airlines had some of the sharpest drops on worries that falling fares will hurt their profits. Continue reading...

Visa's profit surpasses 3Q expectations

Customer card spending increases; net income slips 76 percent to $412M

Subscriber onlyVisa Inc., the world's largest payments network, posted fiscal third-quarter profit that beat analysts' estimates as customer card spending accelerated. The company said it will buy back as much as $5 billion of its shares. Continue reading...

Union Pacific's quarterly profit down 19%

Subscriber onlyOMAHA, Neb. -- Union Pacific's second-quarter profit fell 19 percent as the railroad hauled 11 percent less freight. Continue reading...

Starbucks cuts sales forecast

Subscriber onlyNEW YORK -- Starbucks trimmed its sales forecast Thursday after revenue came in lighter than expected in the most recent quarter. Continue reading...

General Motors 2Q profit more than doubles on U.S. earnings

DETROIT — General Motors' second-quarter profit more than doubled to a post-bankruptcy record $2.87 billion on a strong performance in the U.S., where the company saw sales fall after it cut low-profit sales to rental car companies. It raised its earnings guidance for the year. Continue reading...

U.S. unemployment applications dip to 253,000 last week

WASHINGTON — The number of Americans seeking unemployment benefits declined slightly last week, falling to the lowest point in 13 weeks. Continue reading...

Retailer looks to reduce chemical use

Wal-Mart asks suppliers to find alternatives, remove 8 substances

Subscriber onlyWal-Mart Stores Inc. is asking suppliers to remove formaldehyde, triclosan and six other substances from their products, part of an effort to eliminate some chemicals from household goods. Continue reading...

$176M to settle oil spill in river

Pipeline rupture to cost Enbridge

Subscriber onlyEnbridge Energy Partners has reached a $176 million settlement for the costliest inland oil spill in U.S. history -- a pipeline rupture in southwestern Michigan that polluted a nearly 40-mile stretch of the Kalamazoo River, federal officials said Wednesday. Continue reading...

DuPont investors OK Dow union

If regulators approve, plan creates 3 firms, cuts $3B in costs

Subscriber onlyPHILADELPHIA -- Shareholders of the DuPont Co., the multinational industrial giant that traces its roots to a Delaware gunpowder mill founded by French immigrants in 1802, voted Wednesday to combine with Michigan-based Dow Chemical Co., a larger company whose shareholders also approved the deal. Continue reading...

Miller is buyable, U.S. tells Anheuser

Subscriber onlyAnheuser-Busch InBev NV won U.S. antitrust approval for its takeover of SABMiller PLC, after the maker of Budweiser agreed to give up ownership of the Miller brand and open the door to greater competition from craft beers. Continue reading...

Macy's chat tool offers in-store aid

Subscriber onlyNEW YORK -- Macy's is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they're in -- like where a particular brand is or what's in stock -- that they would normally ask a salesclerk face to face. Continue reading...

Morgan Stanley net beats forecast

Bond-trading revenue, lower compensation costs cited in 2Q

Subscriber onlyMorgan Stanley on Wednesday posted profit that beat analysts' estimates as the firm reported a surprise gain in bond-trading revenue and compensation costs that were lower than expected. Continue reading...

American Express quarterly profits up 37%

Subscriber onlyAmerican Express, the biggest U.S credit-card issuer by purchases, said second-quarter profit rose 37 percent as customers increased spending and the company booked a $1 billion gain from the sale of its Costco Wholesale portfolio. Continue reading...

New homeowner finds dead body in bedroom of house

SIMI VALLEY, Calif. — A man who stopped by his newly purchased Southern California home expecting to find its previous owners packing up instead stumbled on one of them dead in a bedroom. Continue reading...

Bank's 1.63B 2Q profit up 78%

Turmoil in U.K. buoys Goldman

Subscriber onlyNEW YORK -- Goldman Sachs' second-quarter earnings jumped 78 percent from a year ago as the bank's legal expenses declined and some of its trading desks saw a surge of activity during Britain's vote to leave the European Union. Continue reading...