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WASHINGTON (AP) — Fed up with the insurance industry, Democrats used the health care overhaul to create nonprofit co-ops that would compete with the corporations. Now a government audit finds co-ops are awash in red ink.
NEW YORK (AP) — After starting the day broadly lower, U.S. stocks recovered nearly all of their losses by mid-afternoon Thursday and were trading near breakeven. Investors remain focused on earnings. A batch of disappointing results from Procter & Gamble, Facebook and others weighed on the market. Investors are also looking over a report that showed the U.S. economy rebounded in the second quarter.