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US economy grew at tepid 1.1 percent pace in spring
WASHINGTON (AP) -- The U.S. economy expanded at a sluggish 1.1 percent pace this spring as businesses sharply reduced their stockpiles of goods and spent less on new buildings and equipment. Yet most analysts forecast much faster growth in the summer and fall, fueled by healthy consumer spending....

Air New Zealand posts record profit but warns of competition
WELLINGTON, New Zealand (AP) -- New Zealand's national airline has posted a record profit thanks to surging tourism and lower fuel costs, but warns it expects increased competition from rival international carriers in the year ahead....

Dollar General, Signet fall on weak results; Tiffany gains
NEW YORK (AP) -- Stocks that moved substantially or traded heavily on Thursday:...

The most contrarian move in investing: Trust a stock picker
NEW YORK (AP) -- It's perhaps the most contrarian move in investing today: Trust a stock picker....

German business confidence drops unexpectedly, survey shows
BERLIN (AP) -- Business confidence in Germany, Europe's biggest economy, has dropped unexpectedly as managers' assessment of both their current and future situations darkened following Britain's decision to leave the European Union, a survey showed Thursday....

Spain revises Q2 growth estimate upward to 0.8 percent
MADRID (AP) -- Officials have revised Spain's quarterly economic growth figure for the April-June period upward, from 0.7 percent to 0.8 percent, welcome news for a country in its eighth month without a fully functioning government....

Kenya's president signs law to cap banks' interest rates
NAIROBI, Kenya (AP) -- Kenyan President Uhuru Kenyatta says he has signed into law a bill that caps interest rates for bank lending and deposits....

Commodities giant Glencore trims loss after asset sales
GENEVA (AP) -- Swiss commodities producer Glencore says it narrowed its net loss in the first half of 2016, after selling billions of dollars' worth of assets to slash debt as global economic concerns soured the market for raw materials....

Qantas posts record $1.1 billion profit amid restructuring
SYDNEY (AP) -- Qantas Airways Ltd. posted a record full-year profit of 1.53 billion Australian dollars ($1.1 billion) on Wednesday, after undergoing a cost-saving restructuring amid steep losses just two years ago....

Best Buy posts higher profit, better online and store sales
NEW YORK (AP) -- Best Buy's profit jumped 21 percent as the nation's largest consumer electronics retailer increased sales online and tried to create a better shopping experience in the stores while it also cut costs....

AP Photo
AP Photo/Steven Senne
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