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AP Top Business News at 10:28 a.m. EDT

Ford's 2Q profit falls on trouble in US, China
DEARBORN, Mich. (AP) -- Ford Motor Co.'s net income fell 9 percent to $2.0 billion in the second quarter as the company struggled with flattening U.S. sales and a tougher market in China....

Gig economy arrives in China (officially); ride-sharing a go
BEIJING (AP) -- China's Cabinet issued its first rules for ride-hailing and told local officials Thursday to promote the booming industry, confirming the legal status of Uber Technologies Inc. and local competitors following run-ins with regulators....

Applications for US jobless aid rise to still-low 266,000
WASHINGTON (AP) -- More Americans sought unemployment aid last week, but the number of applications was still at a low level that suggested hiring is healthy....

Initial Brexit shock is hurting UK _ but sparing eurozone
LONDON (AP) -- For years, Britain bragged about its economic performance, contrasting it with the neighboring eurozone, which was struggling with a series of financial crises and stagnation....

LG Electronics' profit up on TV, appliance but mobile in red
SEOUL, South Korea (AP) -- LG Electronics Inc. said Thursday its second-quarter net income jumped 19 percent thanks to strong sales of high-end TVs and home appliances that outweighed another quarterly loss in its handset business....

Oracle buying NetSuite in deal valued at about $9.3B
NEW YORK (AP) -- Oracle is buying cloud company NetSuite in a deal valued at about $9.3 billion....

Average US 30-year mortgage rate edges up to 3.48 percent
WASHINGTON (AP) -- Long-term U.S. mortgage rates edged higher this week for a second straight week. They still are near historically low levels to encourage potential homebuyers....

Abu Dhabi's Mubadala to buy 20 percent of Investcorp
DUBAI, United Arab Emirates (AP) -- Abu Dhabi's government-backed Mubadala Development Company has agreed to buy a 20-percent stake in Bahraini investment firm Investcorp....

Stocks hesitate as investors work through earnings
NEW YORK (AP) -- Stocks were edging slightly higher Thursday, as investors worked through another batch of technology earnings, including results from Facebook....

Regulators propose huge overhaul of debt collection industry
NEW YORK (AP) -- The Consumer Financial Protection Bureau proposed a massive overhaul of the multibillion dollar debt-collection industry on Thursday, which would restrict collectors from calling numerous times a day, require them to have more documentation on what's owed, and give people more ability to dispute their bills....

Business Video
Captains of industry: Comparing CEO pay and performance
Unemployment by the numbers
Up to the Minute
Average US 30-year mortgage rate edges up to 3.48 percent

Railroads might have to let rivals serve their customers

Stocks hesitate as investors work through earnings

Ford's 2Q profit falls on trouble in US, China

Markets Right Now: US stocks open lower

Applications for US jobless aid rise to still-low 266,000

Applications for US unemployment benefits rose last week to a still-low 266,000

SoftBank profit up 19 pct as Japan sales offset Sprint loss

Repsol Q2 profit down 30 percent due to restructuring costs

AstraZeneca says 2Q earnings fell 22 percent