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Heelys posts 2Q profit on lower costs, sales slip (AP)

AP - Heelys Inc. swung to a profit in its second quarter on lower costs, although net revenue slipped 29 percent for the maker of wheeled footwear for the youth market.

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Heelys posts 2Q profit on lower costs, sales slip
(AP)

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Oil stuck below $76, tries to break 3-day losses (AP)

AP - Oil prices struggled to rise above $76 a barrel Friday, bidding to break a streak of three straight losing sessions as a scenario of too much crude and insufficient demand continued to weigh on prices.

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Oil stuck below $76, tries to break 3-day losses
(AP)

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Summary Box: Mortgage rates sink to 4.44 pct. (AP)

AP - RATES HIT NEW LOWS: The average rate on a 30-year fixed mortgage hit 4.44 percent this week, mortgage buyer Freddie Mac said. Growing pessimism over the economic recovery pushed rates to the lowest level in decades for the seventh time in eight weeks.

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Summary Box: Mortgage rates sink to 4.44 pct.
(AP)

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BAT 1st half profit up 5 pct (AP)

AP - British American Tobacco PLC, the maker of Dunhill, Pall Mall and Lucky Strike cigarettes, said Wednesday that profits rose 5 percent in the first half of the year, helped by the acquisition of Bentoel in Indonesia.

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BAT 1st half profit up 5 pct
(AP)

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IMF: China currency undervalued but policy sound (AP)

AP - The International Monetary Fund said China’s yuan is undervalued in a mildly worded assessment Wednesday of its controversial currency controls and praised Beijing’s response to the global crisis.

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IMF: China currency undervalued but policy sound
(AP)

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Auto recovery lifts Johnson Controls 3Q net income (AP)

AP - A recovery in car and truck production helped Johnson Controls Inc. more than double its net income in the fiscal third quarter, the maker of automotive batteries and building climate-control systems said Friday.

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Auto recovery lifts Johnson Controls 3Q net income
(AP)

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First Person: A mortgage writer’s case against the new rules (The Newsroom)

The Newsroom - Recent Capitol Hill rhetoric about greedy lenders and a Wall Street run amok implies all mortgage lenders are thieves and scoundrels.

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First Person: A mortgage writer’s case against the new rules
(The Newsroom)

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Italy’s banks pass EU stress tests, banks announce (AFP)

AFP - All five major Italian banks passed EU banking stress tests on Friday, with capital reserves above the level needed to resist severe financial shocks, the banks announced separately on Friday.

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Italy’s banks pass EU stress tests, banks announce
(AFP)

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Automaker Audi’s 1Q revenues rise 23.3 percent (AP)

AP - Audi AG, the maker of luxury cars including the TT, A5 and A8, said Monday that its first-quarter operating profit and revenues rose on demand in the U.S., China and parts of Europe.

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Automaker Audi’s 1Q revenues rise 23.3 percent
(AP)

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Toyota says Prius had design brake problems (AP)

AP - Toyota says there were design problems with the antilock brake system in the new Prius, which went on sale last year.

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Toyota says Prius had design brake problems
(AP)

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