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  • on 18.07.2010
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AP Business NewsBrief at 12:06 p.m. EDT

Jul18

Greek journalist gunned down, police cite terrorATHENS, Greece (AP) – A Greek journalist was gunned down in a pre-dawn attack outside his home Monday by suspected members of a Greek terrorist group that had vowed to target the media, police said. At least two attackers fired 16 shots at 37-year-old Sokratis Giolias, killing him instantly after luring him from his home Athens’ eastern neighborhood of Ilioupoli, reportedly by telling him his car was being stolen.
Homebuilders less confident in housing marketWASHINGTON (AP) – Homebuilders’ confidence in the housing market has sunk to the lowest level in more than a year, fresh evidence that the economic recovery is slowing. The National Association of Home Builders said Monday its seasonally adjusted housing market index fell to 14 in July. It was the lowest level since March 2009. June’s index level was revised downward to 16.
Abortion foes win a round in health overhaulWASHINGTON (AP) – Abortion foes have won a round in the first test of how President Barack Obama’s health care law will be applied to the politically charged issue. Meanwhile, traditional allies of the administration are grumbling about a decision to ban most abortion coverage in insurance pools for those unable to purchase health care on their own.
Healthscope recommends Carlyle, TPG takeover bidSYDNEY (AP) – Healthscope Ltd., Australia’s second-largest private hospital operator, said Monday its board has unanimously recommended a 2 billion Australian dollar ($1.72 billion) takeover offer from U.S. private equity firms Carlyle Group and TPG Capital. Healthscope operates 44 private hospitals and has pathology facilities in Australia, New Zealand, Singapore and Malaysia. Carlyle and TPG have offered AU$6.26 a share for Healthscope, which the Melbourne-based company said represents a 39 percent premium to its AU$4.50 share price of May 13 – the day before the company said it had received a proposal.
Obama to GOP: Restore unemployment benefits nowWASHINGTON (AP) – President Barack Obama took aim at Republican lawmakers Monday, accusing them of holding the public hostage to Washington politics by blocking extended unemployment benefits for millions of out of work Americans. "It’s time to do what’s right, not for the next election, but for the middle class," Obama said in a presidential jawboning statement in the Rose Garden Monday morning.
Air show kicks off with small flurry of ordersFARNBOROUGH, England (AP) – Arch rivals Boeing Co. and Airbus announced new orders worth almost $18 billion at the start of the Farnborough International Airshow on Monday, raising hopes that the aviation industry is on the way back up after a dire two-year slump. The aerospace market "has come back faster than we expected" and Boeing has twice raised its internal forecasts for the number of orders at the biennial show, said Boeing Commercial Airplanes President Jim Albaugh.
Delta posts $467M profit in 2nd quarterDelta Air Lines Inc. reported its largest quarterly profit in a decade Monday but investors dumped its shares as sales didn’t meet expectations and the carrier gave a cautious outlook amid economic uncertainty. The world’s largest airline said its second-quarter net income was $467 million, or 55 cents per share. That reversed a year-ago loss of $257 million, or 31 cents a share, when the airline industry was still reeling from the recession.
Nokia Siemens to buy Motorola wireless gear unitNEW YORK (AP) – Motorola Inc. said Monday that it is selling most of its wireless network division to Nokia Siemens Networks, a Finnish-German joint venture, for $1.2 billion as part of a planned breakup of the company. The division supplies wireless carriers such as Verizon Wireless and Sprint Nextel Corp. with the equipment they need to connect to cell phones. It’s not a big player in an industry dominated by LM Ericsson AB and Alcatel-Lucent, but it does have valuable relationships with U.S. and Japanese carriers that Nokia Siemens hopes to exploit.
Hasbro 2Q net income beats expectationsNEW YORK (AP) – Toy maker Hasbro Inc.’s second-quarter profit rose 11 percent as falling spending outpaced the drop in sales of Transformers and G.I. Joe toys, which had new movie tie-ins last year. Net income rose to $43.6 million, or 29 cents per share, in the quarter that ended June 27. That’s up from $39.3 million, or 26 cents per share, a year earlier. Analysts polled by Thomson Reuters, on average, predicted net income of 24 cents per share.
Stocks waver after homebuilder confidence dropsNEW YORK (AP) – Stocks fluctuated Monday after a report showed that the nation’s homebuilders are losing faith in the economy. The Dow Jones industrial average rose 23 points after being up more than 70 earlier in the day. Broader indexes also rose modestly.
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