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  • US bars Kurdish oil from entering Texas port

    FORT WORTH, Texas (AP) — A U.S. District Court Judge has ordered the seizure of a vessel carrying about 1 million barrels of Kurdish crude oil about 60 miles off the Galveston coast. The order follows a complaint filed by the Iraqi government, claiming the oil was smuggled out of Kurdistan without its permission. The government of Iraqi...

  • House to vote on slimmed-down bill for border

    WASHINGTON (AP) — House Republicans unveiled a slimmed-down bill Tuesday to address the immigration crisis on the U.S.-Mexico border by sending in National Guard troops and speeding migrant youths back home. The election-year measure would allow Republicans to say they tried to solve the humanitarian problem in South Texas, even though it...

  • Appeals court upholds labels on meat packages

    WASHINGTON (AP) — A federal appeals court on Tuesday upheld new government rules requiring labels on packaged steaks, ribs and other cuts of meat to say where the animals were born, raised and slaughtered. The meat industry has attempted to block the rules, which went into effect last year, saying they are costly and provide no health...

  • McDonald's: Regulator says it's a 'joint employer'

    NEW YORK (AP) — McDonald's Corp. says it has been notified by a labor regulator that it can be named as a "joint employer" for workers in its franchise-owned restaurants. The decision by the National Labor Relations Board was being closely watched because it could potentially expose McDonald's to liability for the working conditions in its...

  • JPMorgan paying $650K to settle CFTC charges

    WASHINGTON (AP) — JPMorgan Chase will pay $650,000 to settle charges from federal regulators of filing inaccurate reports on the trading positions of some of its large customers. The Commodity Futures Trading Commission announced the settlement Tuesday. The CFTC said that JPMorgan continued to submit inaccurate reports to the agency from...

  • Safety board finds fault in derailment, response

    Systemic errors led to a 2012 train derailment in New Jersey that released a dangerous gas into the air, sickening residents and emergency responders, the National Transportation Safety Board said Tuesday in a scathing report. The NTSB faulted Conrail for continuing to open and close the swinging bridge where the accident occurred despite a...

  • Entergy 2Q profit climbs 16 percent

    NEW ORLEANS (AP) — Entergy Corp. (ETR) on Tuesday reported earnings that rose by 16 percent in its second quarter, and fell short of analysts' expectations. The New Orleans-based company said profit after paying preferred dividends increased to $189.4 million, or $1.05 per share, from $163.7 million, or 92 cents per share, in the same...

  • Highway, bridge money at risk: Senate to vote

    WASHINGTON (AP) — Racing to adjourn for the summer, the Senate scheduled major votes Tuesday on proposals to keep federal highway funds flowing across the nation — billions of dollars to avert layoffs for construction workers and shutdowns of road and bridge projects just before the November elections. A smooth trip through the Senate was...

  • Obama expected to announce US sanctions on Russia

    WASHINGTON (AP) — President Barack Obama is expected to announce a new round of U.S. sanctions against Russia Tuesday. The U.S. penalties follow tougher sanctions agreed to by European Union leaders earlier in the day. White House spokesman Josh Earnest says the EU sanctions are welcome news. He says he expects the European penalties to...

  • Pfizer's 2Q profit sinks 79 pct but tops forecasts

    Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business spinoff. The New York company said Tuesday it earned $2.91 billion, or 45 cents per share, down from $14.1 billion, or $1.98 per share, last year. Adjusted earnings totaled 58 cents per...

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