Money & Markets

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American Airlines and Proofpoint rise; Skechers tumbles
NEW YORK (AP) -- Stocks that moved substantially or traded heavily on Friday:...

Boom times for big US airlines: $3.9 billion in 2Q profits
FORT WORTH, Texas (AP) -- Compared with their checkered track record, major airlines are enjoying boom times....

Brexit deals heavy hit to UK economy but eurozone holds up
LONDON (AP) -- Britain's economy appears to be shrinking at its fastest pace since the global financial crisis as a result of the vote to leave the European Union, but the rest of the region is holding up, surveys showed Friday....

IMF head calls for quick end to Brexit uncertainty
BEIJING (AP) -- The head of the International Monetary Fund called Friday for quick action to end uncertainty over Britain's vote to leave the European Union, which she said is dampening global economic growth....

Seoul: North Korea's economy shrinks 1st time in 5 years
SEOUL, South Korea (AP) -- South Korea's central bank says North Korea's economy shrank 1.1 percent last year, in its first contraction in five years....

Starbucks cuts sales forecast after growth slows
NEW YORK (AP) -- Starbucks trimmed its sales forecast Thursday after revenue came in lighter than expected in the most recent quarter....

Visa earnings fall due to costs tied to Visa Europe purchase
NEW YORK (AP) -- Credit and debit card processor Visa Inc. said its fiscal third-quarter earnings fell 76 percent from a year ago, largely due to the cost of completing its purchase of its operations in Europe....

Union Pacific 2Q profit falls 19 percent as volume slows
OMAHA, Neb. (AP) -- Union Pacific's second-quarter profit fell 19 percent as the railroad hauled 11 percent less freight....

Egyptian currency hits fresh low on black market
CAIRO (AP) -- Egypt's currency has fallen to new lows on the black market, with media reports saying it had reached levels of about 12 pounds to the dollar....

ECB ready to help eurozone further if Brexit hurts
FRANKFURT, Germany (AP) -- The European Central Bank says it's ready to give the eurozone a further dose of stimulus if Britain's vote to leave the European Union starts to weigh on the region's economy....

AP Photo
AP Photo/Frank Eltman
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