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AP Top Business News At 12:42 p.m. EDT

Stocks turn mixed ahead of economic data
NEW YORK (AP) -- U.S. stock-market indexes were mixed in early afternoon trading as investors waited for a batch of key economic reports later this week. Earnings reports and corporate news drove trading in individual stocks. Major indexes in Europe and Asia closed with slight gains....

US consumer confidence jumps to 90.9 in July
WASHINGTON (AP) -- U.S. consumers are more confident about the economy than they have been in nearly seven years....

Sources: EU adopts tough new sanctions on Russia
BRUSSELS (AP) -- Frustrated by the apparent ineffectiveness of previous sanctions and outraged by the deaths of 298 people aboard the Malaysia Airlines plane downed over eastern Ukraine, the European Union adopted tough new economic sanctions against Russia Tuesday, two diplomats said....

Avoiding plane crashes as air traffic doubles
NEW YORK (AP) -- More travelers are flying than ever before, creating a daunting challenge for airlines: keep passengers safe in an ever more crowded airspace....

Study: 35 percent in US facing debt collectors
WASHINGTON (AP) -- More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute....

Fed is weighing key issues but may reveal little
WASHINGTON (AP) -- This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low....

Corning donates $1.8M in parts for space telescope
ALBANY, N.Y. (AP) -- Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space....

Clean air rules assailed as too much, too little
DENVER (AP) -- Hundreds of people across the country are telling the Environmental Protection Agency its new rules for power-plant pollution either go too far or not far enough....

China investigating Microsoft in monopoly case
BEIJING (AP) -- China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies....

$1,000 Sovaldi now hepatitis treatment of choice
WASHINGTON (AP) -- The price may be high but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million....

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Up to the Minute
Study: 35 percent in US facing debt collectors

Fed is weighing key issues but may reveal little

Aetna 2Q profit rises 2.4 percent

Merck 2Q profit more than doubles

Ocean Spray worker dies in fall through skylight

Jimmy Dean moves beyond breakfast for first time

US consumer confidence jumps to 90.9 in July

UPS 2Q profit drops, lowers outlook on spending

Avoiding plane crashes as air traffic doubles

Reynolds American 2Q profit climbs 6.7 percent