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  • LOS ANGELES, July 29- Volkswagen AG and the California Air Resources Board will begin testing hardware and software that could help the German automaker avoid buying back as many as 475,000 diesel cars sold in the United States with improperly designed pollution controls, the head of the board told Reuters. Nichols' positive words about VW are significant...

  • WASHINGTON— Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved. Those loans jumped to $77 billion from $38.2 billion. Overall, the review found that loans at risk of failing or already in default, plus those showing potential weakness, remained high at 10.3 percent of...

  • WASHINGTON, July 29- The U.S. economy grew far less than expected in the second quarter as inventory investment fell for the first time in nearly five years, but a surge in consumer spending pointed to underlying strength. Gross domestic product increased at a 1.2 percent annual rate after rising by a downwardly revised 0.8 percent pace in the first quarter, the...

  • LOS ANGELES— The creators of "Pokemon Go" say they're working to remove real-world locations that don't wish to be included in the mobile gaming sensation. The Pokemon Company's consumer marketing director J.C. Smith said in an interview this week that they're updating the augmented-reality game so it remains fun for players but respects the real world.

  • WASHINGTON— The wages and benefits paid to U.S. civilian workers rose at a steady pace in the second quarter compared to the first three months of the year, as income growth showed signs of slight acceleration. The Labor Department says total compensation increased 0.6 percent from April to June, matching the pace of the prior three months. Over the past 12 months,...

  • WASHINGTON— It turns out the U.S. economy can withstand a cold snap after all. The updated estimates by the Commerce Department conclude that the economy expanded at a 2 percent annual rate in the January-March quarter of 2015, far more than the previous estimate of 0.6 percent. Otherwise, the Commerce Department's revisions don't significantly change the U.S....

  • WASHINGTON— Wages and benefits increase 0.6 percent in April-June quarter, matching first-quarter pace.

  • WASHINGTON— Growth in the U.S. economy was sluggish again in the spring, dashing expectations for a robust rebound after a tough winter. The Commerce Department said Friday that the gross domestic product— the broadest measure of the economy— grew at a 1.2 percent annual rate in the April-June quarter. Paul Ashworth, chief U.S. economist at Capital Economics,...

  • TOKYO, July 29- Japan is upgrading its Patriot PAC-3 missile defence system in time for the 2020 Tokyo Olympic Games, adding range and accuracy needed to intercept more advanced North Korean ballistic missiles, four sources with knowledge of the plan said. The move represents the most significant upgrade to Japan's missile defence system in a decade and is part...

  • EVERETT, Wash.— A Snohomish County used car company will pay $250,000 in restitution over a pattern of discrimination against Spanish-language speakers, according to the state attorney general's office. As part of the settlement, Zein Automobiles Inc. of Everett, which operates Best Bet Auto Sales and Independence Auto Center, will pay for misrepresenting...

  • While FAA inspectors complained that they've had to cancel inspections because of the agency's tight travel budget, the GAO said it couldn't confirm the assertions because the FAA said doesn't keep separate data on travel expenditures for oversight of foreign repair stations. The report also criticized the FAA for not collecting data from airlines on the...

  • WASHINGTON— Figures on government spending and debt in millions of dollars.

  • WASHINGTON— Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.. TOKYO— Honda reports fiscal first quarter results.

  • BERLIN— German Chancellor Angela Merkel has defended a planned trade deal between the U.S. and the European Union as "absolutely in Europe's interest." Rejecting an industry group's criticism that politicians aren't doing enough to support it, Merkel said Thursday that the Trans-Atlantic Trade and Investment Partnership, or TTIP, is "absolutely right and...

  • July 28- Raytheon Co reported better-than-expected quarterly revenue and profit as sales of its smart bombs rose, and it raised its 2016 earnings forecast, partly due to strong demand in markets outside the United States. The maker of Patriot missile systems and Paveway laser- and GPS-guided bombs said it was seeing demand across Europe, Middle East and Asia...

  • WASHINGTON— The International Monetary Fund was unprepared for the debt crisis that hit Europe and was slow to press for debt relief that might have eased Greece's economic pain and allowed it to pay its bills, an IMF watchdog says. As part of a so-called troika with the European Commission and the European Central Bank, the IMF bailed out Greece, Ireland and...

  • BISMARCK, N.D.— The Standing Rock Sioux Tribe is suing federal regulators for approving part of a $3.8 billion oil pipeline between North Dakota and Illinois that would be the biggest-capacity pipeline yet carrying oil out of the state's oil patch. The lawsuit filed Wednesday in federal court in Washington challenges the U.S. Army Corps of Engineers' decision a...

  • WASHINGTON— The proportion of U.S. households that own homes has matched its lowest level in 51 years— evidence that rising property prices, high rents and stagnant pay have made it hard for many to buy. Just 62.9 percent of households owned a home in the April-June quarter this year, a decrease from 63.4 percent 12 months ago, the Census Bureau said Thursday.

  • Mortgage giant Freddie Mac said Thursday the average for the benchmark 30- year fixed-rate mortgage rose to 3.48 percent from 3.45 percent last week. Americans bought new homes in June at the fastest pace in more than eight years, the Commerce Department reported Tuesday. Still, the U.S. homeownership rate fell in the second quarter to match the lowest level on...

  • DUBAI, United Arab Emirates— Abu Dhabi's government-backed Mubadala Development Company has agreed to buy a 20- percent stake in Bahraini investment firm Investcorp. It also has stakes in Fairfield, Connecticut- based General Electric Co. and Washington- based private equity firm The Carlyle Group. Mubadala is in the process of being merged with the...