Business & economy news - KMSP-TV

Asian stocks higher after S&P 500 record close

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Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited a key... More>>

Lawyer: Utah restaurant had other chemical burn

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The attorney for a woman who nearly died after unknowingly drinking tea laced with a chemical cleaning compound at a Utah restaurant said Thursday an employee at the eatery burned herself a month earlier on the same... More>>

Bank of America settlement likely to benefit few

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Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners. More>>

Study: Wealth gap widened in the last decade

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A report from the Census Bureau is the latest evidence that the rich are getting richer while the poor get poorer. More>>

Airline group forecasts uptick in Labor Day travel

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By DAVID KOENIG AP Airlines Writer A trade group for the nation's big airlines predicts that air travel over the Labor Day weekend will rise 2 percent from the same holiday last year. More>>

US housing recovery appears to be back on track

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A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. More>>

Audit: 'Obamacare' tax not meeting revenue target

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An "Obamacare" tax on medical devices is falling short of its revenue target because thousands of companies aren't paying it, according to a government audit released Tuesday. More>>

Gap reports higher profit, plans India expansion

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Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. More>>

Apple's stock bounces back to hit a new high

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Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. More>>

MLB online chief optimistic on relaxing blackouts

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An easing of blackout restrictions on Major League Baseball games online could come as early as next season, according to the head of baseball's online business. More>>

Tips for parents: To post or not to post?

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Privacy-wary parents are increasingly pausing before they post photos, names and other information about their wee ones on social media. Some are choosing a complete blackout, while others opt for nicknames and a few... More>>

S&P 500 closes at a record; Hewlett-Packard gains

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Another round of buying on the stock market is sending the Standard & Poor's 500 index to its latest record high. More>>

United lures top fliers with promise of a hot meal

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To win the hearts of frequent business travelers, United Airlines is going through their stomachs. More>>

Average US 30-year mortgage rate at 4.10 pct

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Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. More>>

Music site SoundCloud to start paying artists

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SoundCloud said Thursday that it will start paying artists and record companies whose music is played on the popular streaming site, a move that will bring it in line with competitors such as YouTube and Spotify. More>>

Family Dollar rejects Dollar General offer

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By MICHELLE CHAPMAN AP Business Writer Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family... More>>

US won't reveal records on health website security

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After promising not to withhold government information over "speculative or abstract fears," the Obama administration has concluded it will not publicly disclose federal records that could shed light on the security of the... More>>

Russia checks more McDonald's after closing 3

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Russia's food safety agency said Thursday that it was checking McDonald's restaurants around the country, a day after several branches of the chain were shuttered in Moscow. More>>

Bank of America agrees to nearly $17B settlement

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The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. More>>

Ballmer steps down from Microsoft board

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Former Microsoft CEO Steve Ballmer is stepping down from the company's board, closing a chapter on 34 years with the software giant. More>>

Stocks move higher; S&P 500 heading for a record

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U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close. More>>

Honda bolsters Fit to boost crash resistance

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When the subcompact Fit failed a crash test, Honda went back to the drawing board. More>>

Applications for US unemployment aid fall to 298K

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Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. More>>

Stocks open higher; S&P 500 heading for a record

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U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high. More>>

Sears 2Q loss widens on sluggish sales

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Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. More>>

Survey indicates eurozone growing slowly

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A survey of business activity shows the economy of the 18-country eurozone grew at only a slow pace in August, a sign it remains sluggish after a disappointing second quarter in which it did not expand at all. More>>

California drought stings bees, honey supplies

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California's record drought hasn't been sweet to honeybees, and it's creating a sticky situation for beekeepers and honey buyers. More>>

Growth in China manufacturing weakens in August

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Growth in China's vast manufacturing industry weakened in August, suggesting that the recovery in the world No. 2 economy is losing momentum and Beijing may need to spoon out more stimulus. More>>

McConnell, Grimes spar at Kentucky farm forum

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Kentucky's U.S. Senate candidates had a hard time talking about farming without slinging mud. More>>

APNewsBreak: B ofA reaches $17B settlement with US

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Bank of America has reached a record settlement of nearly $17 billion to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with... More>>

Social media pushes back at militant propaganda

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The extremists of the Islamic State group have turned their social media into a theater of horror, broadcasting a stomach-turning stream of battles, bombings and beheadings to a global audience. More>>

Argentina defends plan to pay creditors outside US

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Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into... More>>

EEOC files lawsuit against Food Lion over firing

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The U.S. Equal Employment Opportunity Commission has filed a discrimination lawsuit against supermarket chain Food Lion, saying it fired a Jehovah's Witness who requested certain days off for his religion. More>>

Some Fed officials want to slow economic help soon

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Some Federal Reserve officials think the U.S. economy is improving fast enough that the Fed will need to act sooner than previously thought to slow the extraordinary support it's been providing through ultra-low... More>>

Despite Fed, a late push sends US stocks higher

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A late round of buying is leaving stock indexes mostly higher. More>>

Airstrike kills wife and child of Hamas figure Video included

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Hamas' shadowy military chief escaped an apparent Israeli assassination attempt that killed his wife and infant son, the militant group said Wednesday as Israel's prime minister warned that the bombardment of Gaza... More>>

UN urges exit screening for Ebola at some airports

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Ebola-affected countries should immediately begin exit screening all passengers leaving international airports, sea ports and major ground crossings, the U.N. health agency said on Monday. More>>

Google's pivotal IPO launched a decade of big bets

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Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit. More>>

Chip maker Infineon to buy California firm for $3B

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German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from... More>>

Target cuts outlook as breach fallout lingers

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Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales. More>>

HTC makes Windows version of flagship One phone

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HTC will start making a version of its flagship HTC One phone with Microsoft's Windows software inside. More>>

Community Health details attack on patient records

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Hospital operator Community Health Systems said a cyberattack took information on more than 4 million patients from its computer network earlier this year. More>>

Yellen to give her outlook as Fed honeymoon fades

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Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and... More>>

Yellen to give her outlook as Fed honeymoon fades

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Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the U.S. economy through a grave crisis by slashing interest rates... More>>

Global cruise lines set sail for China

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Royal Caribbean's newest ship has attractions not usually seen on cruise liners, including bumper cars, a skydiving simulator and a glass observation capsule on a mechanical arm that lifts its passengers high into the... More>>

Trading in US stocks subdued ahead of Fed minutes

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U.S. stocks are drifting in midday trading as traders wait for the latest news from the Federal Reserve. More>>

Zimbabwe economy takes another dive

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It is 4 a.m. and people are already lining up outside Zimbabwe's main passport office - four hours ahead of opening time - in hopes of securing a passport that will allow them to escape their country's dearth of... More>>

German govt backs authors in spat with Amazon

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Germany's top culture official has voiced support for hundreds of authors who claim they're being discriminated against by online retailer Amazon amid negotiations with their publisher. More>>

Macy's to pay $650,000 in shopper-profiling probe

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Macy's has agreed to pay $650,000 to settle allegations of racial profiling at its flagship store in Manhattan's Herald Square. More>>

Heineken reports sales, profit drop in first half

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Heineken NV, the Amsterdam-based brewer, has reported first half earnings that show a small drop in both revenues and profits - but says its underlying performance was good. More>>

Some Bank of England board members seek rate hike

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The Bank of England's consensus on maintaining record-low interest rates has crumbled after more than three years, with two members of the central bank's monetary policy committee voting to increase borrowing costs... More>>

Merkel Ukraine role mirrors rising German ambition

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Chancellor Angela Merkel's emergence as a leader in efforts to resolve Ukraine's crisis - showcased by a visit to Kiev this weekend - underlines Germany's increasing ambition to transform itself from economic... More>>

Dubai's Nakheel to pay $2.1 billion in debt early

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Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month - nearly four years before the last installment is due. More>>

Stocks open lower after two straight gains

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U.S. stocks are opening lower after two straight days of gains. More>>

Lowe's 2Q profit rises as weather improves

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Lowe's second-quarter net income increased 10 percent, bolstered by improving weather. More>>

Glencore swings to profit, announces buyback

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Commodities and mining group Glencore PLC says it will buy back up to $1 billion of its own shares as profit for the first half of the year rose 8 percent. More>>

Bloomberg offers grants to help cities innovate

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American cities looking to be more innovative in how they address local issues can now get a helping hand from former New York City Mayor Michael Bloomberg's charitable foundation. More>>

China fines 12 Japanese firms in auto price probe

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China announced Wednesday it will fine 12 Japanese auto parts suppliers a total of $202 million for colluding to raise prices in an unfolding anti-monopoly probe of the country's auto industry. More>>

Prison company pays $8 million in back wages

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The nation's largest private prison company, Corrections Corp. of America, has paid more than $8 million in back wages and benefits to current and former employees guarding federal inmates at a prison in California... More>>

Asia stocks make slight gains, await Yellen speech

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Asian stock markets got a slight boost Wednesday from positive U.S. economic figures that reinforced expectations of eventual Fed rate hikes and a stronger dollar. More>>

Peanut, almond butter recalled for salmonella risk

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A unit of Hain Celestial Group Inc. is recalling some peanut and almond butter because of possible salmonella contamination. More>>

New Mexico chile gets certified-product safeguards

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Idaho has its potatoes. Florida has its fresh fruits and juices. Vidalia is the name synonymous with the nation's most famous sweet onion. More>>

WWII bomb found near Frankfurt airport

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A World War II bomb found Tuesday next to a highway near Frankfurt airport was disposed of in a controlled explosion, causing some disruption to flight operations. More>>

Islanders announce sale of minority stake of club

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The New York Islanders are selling a minority stake of the team, with a former Washington Capitals co-owner and a London-based investor to become full owners in two years. More>>

US stocks move higher; Home Depot rises

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U.S. stocks are closing higher after investors got some encouraging news about home building and corporate earnings. More>>

Government wants to make cars talk to each other

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The Obama administration said Monday it is taking a first step toward requiring that future cars and light trucks be equipped with technology that enables them to warn each other of potential danger in time to avoid... More>>

Q&A: How 1 US factory owner fought cheap imports

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Much of U.S. manufacturing has been decimated in the past decade by less expensive imports from China, but it didn't necessarily have to be that way, according to a compelling new book by journalist Beth Macy. More>>

Somalia TV sales grow as many avoid public places

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Inside the small office, the line of sweating clients waiting to renew their satellite TV subscriptions keeps growing. Technicians crimp wires and test signal strength of boxes while others go to homes across the Somali... More>>

US home construction jumps 15.7 percent in July

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U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines. More>>

US stocks move higher; Home Depot rises

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U.S. stocks are moving higher in midday trading after investors got some encouraging news about home building and corporate earnings. More>>

Container shipping rise bodes well for world trade

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The world's largest shipping company says it is sending more containers around world, a sign that global trade - and possibly economic growth - is picking up. More>>

Thousands of intense earthquakes rock Iceland

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Thousands of small intense earthquakes are rocking Iceland amid concerns that one of the country's volcanoes may be close to erupting. More>>

Egypt picks consortium to draft Suez plan

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Egypt selected a consortium of Egyptian and the Persian Gulf companies Tuesday to develop the government's mega project to transform the Suez Canal waterway into a hub of international investment and free trade zones,... More>>

Home Depot 2Q profit climbs 14 percent

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Home Depot's fiscal second-quarter net income surged 14 percent thanks to a rebound in its spring selling season. More>>

McDonald's to sell packaged coffee nationally

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McDonald's plans to start selling its packaged coffee at supermarkets nationally by early next year, a move intended to help raise the profile of the coffee sold at its U.S. restaurants. More>>

US stocks open higher; Home Depot rises

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Better news on home building and corporate earnings are sending stocks higher. More>>

Consumer prices edge up 0.1 percent in July

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U.S. consumer prices rose in July at the slowest pace in five months, held back by a drop in gasoline prices. More>>

UK inflation rate falls more than expected

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Britain's inflation rate fell more than expected in July, to 1.6 percent from 1.9 percent in June, easing pressure on the Bank of England as it weighs when to raise interest rates. More>>

Asia stocks rise after US gains, Ukraine diplomacy

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Asian stocks were mostly higher Tuesday after U.S. markets rose on news of diplomatic efforts to broker a cease-fire in Ukraine. More>>

'Ninja Turtles' kicks out box-office competition

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The reptile reboot "Teenage Mutant Ninja Turtles" held off a trio of new challengers at the weekend box office. More>>

Dollar General enters bidding for Family Dollar

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The nation's top dollar store chains are betting big that their once-thriving business will make a comeback if they band together. More>>

New Corvette feature keeps an eye on valets

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Face it. If you own a luxury or sports car, whenever you hand the keys to a valet, you imagine the car going on a high-speed joyride like the Ferrari in the 1980s cult movie "Ferris Bueller's Day Off." More>>

US stocks move higher; Dollar General jumps

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A bidding contest for a discount retailer and easing concerns about Ukraine helped send U.S. stock indexes higher. More>>

PG&E pleads not guilty to charges in deadly blast

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Pacific Gas & Electric Co. pleaded not guilty Monday to charges in a new indictment that accuses the utility of lying to federal investigators looking into a fatal pipeline explosion in a San Francisco Bay Area... More>>

Iceland warns of possible volcanic eruption

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Iceland has raised its alert level for the risk of a possible volcanic eruption to orange -the second-most severe level. More>>

NYC's Met opera reaches deals with 2 unions

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New York's Metropolitan Opera reached tentative labor deals with two of its largest unions early Monday while negotiations continued with 10 more unions in hopes of averting a lockout. More>>

USDA: Cost to raise child up slightly to $245,340

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A message for new parents: get ready for sticker shock. More>>

McDonald's confronts its junk food image

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At a dinner McDonald's hosted for reporters and bloggers, waiters served cuisine prepared by celebrity chefs using ingredients from the chain's menu. More>>

UK to pay Raytheon $373 million in tribunal ruling

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Britain's government says it will pay some 224 million pounds ($373 million) to defense firm Raytheon Systems Ltd. for unlawfully ending a contract for a program meant to collect information in advance about passengers... More>>

PriceWaterhouseCoopers to pay $25M in bank case

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PriceWaterhouseCoopers will pay $25 million and face a two-year suspension from consulting for new bank clients under an agreement with New York regulators following an investigation that showed the company improperly... More>>

Unemployment rises in most US states in July

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Unemployment rates rose in 30 U.S. states last month, even as employers in two-thirds of the states stepped up hiring. The trends reflect an increase in job-hunters nationwide as an improving economy has encouraged more... More>>

Russian hacking suspect ordered held until trial

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A federal judge on Friday ordered the son of a prominent Russian lawmaker to remain in custody until his trial on computer hacking charges, after a prosecutor said evidence recovered from his laptop after his arrest in the... More>>

Alibaba film unit finds possible accounting issues

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The recently acquired film unit of Chinese e-commerce giant Alibaba said Friday that a review has uncovered possible accounting irregularities. More>>

Money laundering charge added to FedEx drug case

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Federal prosecutors say several addicts died soon after receiving shipments of illegal prescription drugs via FedEx. More>>

US stocks move higher; Family Dollar jumps

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U.S. stocks are moving higher, following big gains in Europe and the latest moves in corporate dealmaking. More>>

US homebuilder confidence rises in August

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By ALEX VEIGA AP Real Estate Writer U.S. homebuilders are feeling more confident in their sales prospects headed into next year, a sign that home construction and sales of newly built homes may pick up... More>>

Irish bonds yields hit record low after upgrade

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Yields on Ireland's government bonds have fallen to record lows following a ratings upgrade, a stunning turnaround for a country that faced bankruptcy in 2010. More>>

Scientists racing to test Ebola vaccines in humans

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Scientists are racing to begin the first human safety tests of two experimental Ebola vaccines, but it won't be easy to prove that the shots and other potential treatments in the pipeline really work. More>>

US stocks open higher; Family Dollar jumps

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U.S. stocks are opening higher, following gains in Europe. More>>

SeaWorld plans bigger killer whale environments

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After more than a year of public criticism of its treatment of killer whales, SeaWorld said Friday that it will build new, larger environments at its theme parks and will fund additional research on the animals along with... More>>

Why global turmoil hasn't sunk US markets. Yet.

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Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in... More>>

EU pledges $168m to offset Russia sanctions cost

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The European Commission is pledging 125 million euros ($168 million) to assist fruit and vegetable producers hit by Russia's ban on food imports from the 28-nation bloc. More>>

China says Mercedes guilty of price abuses

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China's government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry. More>>

Supervalu becomes latest to suffer data breach

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A data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states. More>>

'Turtles' tops weak debut for 'Expendables 3'

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Moviegoers continued to shell out for "Teenage Mutant Ninja Turtles," while Sylvester Stallone's action ensemble "The Expendables 3" was easily out-gunned in its weekend debut. More>>

Liberia: Ebola fears rise as clinic is looted

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Liberian officials fear Ebola could soon spread through the capital's largest slum after residents raided a quarantine center for suspected patients and took items including bloody sheets and mattresses. More>>

Bourbon production reaches high point since '70s

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In a business where patience is part of the process, Kentucky bourbon makers are making a big bet by stashing away their largest stockpiles in more than a generation. More>>

Foreign holdings of Treasury debt top $6 trillion

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Foreign buyers of U.S. Treasury securities increased their holdings in June, topping $6 trillion for the first time. More>>

Three-wheeled Elio gets closer to going on sale Video included

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Your next commuter car could have two seats, three wheels and get 84 miles to the gallon. More>>

US factory output surges in July

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U.S. factory output rose for the sixth consecutive month in July, led by a jump in the production of motor vehicles, furniture, textiles and metals. More>>

US producer prices rise just 0.1 percent in July

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Falling gasoline costs lowered the prices that U.S. companies received for their goods and services last month, keeping overall inflation in check. More>>

Study questions need for most people to cut salt

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By MARILYNN MARCHIONE AP Chief Medical Writer A large international study questions the conventional wisdom that most people should cut back on salt, suggesting that the amount most folks consume is OK... More>>

Online sites shake up hidebound retailing in India

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Finding a way into India's vast but vexing market has long frustrated foreign retailers. Now, overseas investors are pouring billions of dollars into e-commerce ventures that are circumventing the barriers holding back... More>>

'62 Ferrari sold at auction for $34 million

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A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million. More>>

Feds close probe of refinery blast that killed 7

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The U.S. Justice Department said Friday it will file no criminal charges following a four-year investigation into the April 2010 explosion that killed seven workers at the Tesoro Corp. refinery in Anacortes. More>>

Renewed fighting in Ukraine rattles stocks

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Renewed fighting in Ukraine rattled markets on Friday. Reports that Ukrainian forces attacked Russian military vehicles that had crossed the border knocked stock markets down in the afternoon and sent traders into the... More>>

John Kerry talks Asian relationships, trade pact

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U.S. Secretary of State John Kerry's address to Hawaii's East-West Center think tank this week drew attention primarily for its focus on the need for a constructive relationship with China to ensure regional peace... More>>

More Clinton-Obama differences likely to emerge

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Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks could be... More>>

Deadline to clear up health law eligibility near

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The clock is ticking for hundreds of thousands of people who have unresolved issues affecting their coverage under the new health care law. More>>

USDA: Puppy imports must be healthy, 6 months old

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Foreign dog breeders have gone unregulated for years, shipping puppies so young and so sick that one in four died before reaching a U.S. airport, animal welfare workers say. More>>

Clinton's break with Obama on Syria _ what's next

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Hillary Rodham Clinton's split with President Barack Obama over a foreign policy "organizing principle" isn't likely to be the last time differences emerge between the two. How she handles those breaks could be... More>>

Jeb Bush lends political star power to Rick Scott

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Jeb Bush is lending his political star power to embattled Florida Gov. Rick Scott, who is locked in a tight race for re-election in the nation's largest swing-voting state. More>>

Stocks overcome a midday tumble on Ukraine

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The stock market recovered from a midday swoon caused by the latest worries over Ukraine and ended little changed. More>>

Amazon debuts mobile payment app and card reader

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Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through... More>>

Reports of fighting in Ukraine erase stock gain

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Reports of renewed fighting in Ukraine are sending stocks lower in midday trading. More>>

Hungary: Sanctions on Russia more damaging to West

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Hungary's prime minister said the West is "shooting itself in the foot" with inadequately thought through economic sanctions against Russia. More>>

US stocks open higher, head for weekly gain

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U.S. stocks are opening higher as the market heads for a solid weekly gain. More>>

Lehman unsecured creditors to get distribution

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Unsecured general creditors of Lehman Brothers will get $4.6 billion in their first round of payouts from the bankrupt investment bank next month. More>>

Lake body may be suspected Liechtenstein shooter

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Police say a body found drifting in Lake Constance may be that of a former Liechtenstein fund manager suspected of fatally shooting a bank's chief executive earlier this year. More>>

Billionaire Berggruen drops stake in German chain

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German-American billionaire Nicolas Berggruen has given up his stake in Germany's Karstadt department store chain after failing to turn the ailing company around. More>>

Apple bans use of 2 chemicals in iPhone assembly

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Apple is banning the use of two potentially hazardous chemicals during the final assembly of iPhones and iPads as part of the company's latest commitment to protect the factory workers who build its trendy devices. More>>

China panel fires adviser over Qualcomm tie

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A panel that advises China's Cabinet on anti-monopoly policy has fired an economist who was paid to help prepare a report for Qualcomm, a U.S. company that is the target of a pricing investigation, according to state... More>>

Pope makes tough sell on materialism in SKorea Video included

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Pope Francis urged Catholic youth on Friday to renounce the materialism that afflicts much of Asian society today and reject "inhuman" economic systems that disenfranchise the poor, pressing his economic agenda in one of... More>>

Challengers line up Wyoming's US senator

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Sen. Mike Enzi said his son didn't benefit from the senator's position in landing a job with a company that received almost $10 million from the U.S. Department of Energy to develop a carbon-capture project that... More>>

Sentencing panel to weigh economic crime penalties

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The federal panel that sets sentencing policy announced Thursday that it plans in the coming year to consider changes to sentencing guidelines for some white-collar crimes. More>>

Cisco to lay off up to 6,000 workers

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Cisco said Wednesday that it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring. More>>

Coca-Cola bets on energy drinks with Monster stake

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Coca-Cola is buying a 16.7 percent stake in Monster Beverage for $2.15 billion, with the world's biggest soda maker hoping to benefit from the surging popularity of energy drinks. More>>

Wal-Mart cuts profit outlook

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Wal-Mart Stores Inc. cut its annual profit outlook on Thursday amid sluggish sales, higher-than-expected health care costs and the need to invest more in its e-commerce operations. More>>

Berkshire Hathaway stock tops $200,000

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Naysayers have been calling shares of Warren Buffett's company overpriced for decades. More>>

Stores have a solid start to back-to-school season

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The back-to-school shopping season is off to a promising start, but retailers may be sacrificing profit for sales. More>>

NY Fed: US auto loans soar to highest in 8 years

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U.S. auto loans jumped to the highest level in eight years this spring, fueled by a big increase in lending to risky borrowers, according to a report Thursday by the Federal Reserve Bank of New York. More>>

JC Penney posts narrower 2Q loss, sales rise

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J.C. Penney Co. (JCP) reported a narrower loss for its second quarter that beat Wall Street expectations. More>>

NewLink Genetics: Ready to test Ebola vaccine

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By TOM MURPHY AP Business Writer An Iowa drug developer is preparing to test a possible Ebola vaccine in humans, as scientists race to develop ways to prevent or fight a virus that has killed more than... More>>

GE in talks to sell historic appliance division

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General Electric confirmed that it is considering the sale of its historic appliance division, part of its effort to focus on selling more complex and profitable industrial equipment. More>>

US stocks move higher following earnings news

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The U.S. stock market is closing slightly higher following some strong corporate earnings. More>>

Illinois company is latest to test market for carp

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When they arrive at the processing plant, the fish that have been cursed as a menace to American lakes and rivers are raked onto a conveyer belt, some of them still flopping. More>>

Eurozone recovery grinds to halt amid Ukraine fear

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Well, that didn't last long. More>>

Shell sells shale gas rights for $2.1 billion

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By JONATHAN FAHEY AP Energy Writer Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions. More>>

US stocks move higher following earnings news

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The U.S. stock market is rising modestly in midday trading following a batch of earnings and corporate news. More>>

US fund says no deal to end Argentina default

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Negotiations have apparently ended without success on a private-sector deal to end the legal battle that forced Argentina into default last month for the second time in 13 years. More>>

Shell sells shale gas rights for $2.1 billion

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By JONATHAN FAHEY AP Energy Writer Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions. More>>

Average US 30-year mortgage rate at 4.12 percent

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Average long-term U.S. mortgage rates declined this week, approaching their lows for the year. More>>

US stocks open higher following earnings news

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The U.S. stock market is rising modestly in early trading following a batch of earnings and corporate news. More>>

US jobless aid applications rise to 311,000

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More people applied for U.S. unemployment benefits last week, although jobless claims continue to be close to pre-recession levels. More>>

Berlin taxi drivers hail city's Uber ban

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Berlin taxi drivers were celebrating Thursday after authorities banned the ridesharing service Uber from operating in the city because of safety concerns. More>>

French economy stagnates in 2nd quarter

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France's economy stagnated in the second quarter, leaving President Francois Hollande increasingly desperate to fulfill his two-year-old pledge to get the country growing again. More>>

Germany's economy losing momentum

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Germany's economy contracted by 0.2 percent in the second quarter of 2014, losing momentum after a robust first quarter which was helped by the mild winter. More>>

Australian stocks lead Asia on healthy earnings

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Asian stock markets were mostly higher Thursday, with Australia's benchmark leading gains on a crop of healthy corporate earnings reports. More>>

Burger King nixes lower-calorie 'Satisfries'

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Burger King is getting rid of its lower-calorie french fries at most restaurants after less than a year. More>>

Mexico: State firm gets 83 percent of oil reserves

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Mexico's state-owned oil company will retain rights to exploit 83 percent of the country's proven and probable reserves under the newly enacted opening of the energy business, although the company will form... More>>

Correction: Postal Service-Losses story

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In a story Aug. 11 about U.S. Postal Service Revenues, The Associated Press reported erroneously that the agency blamed its $2 billion loss for the quarter ending June 30 on increases in compensation and benefit costs.... More>>

Revel casino still talking with potential bidders

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A day after announcing it will shut down next month, Revel Casino Hotel told a bankruptcy court judge it is still negotiating with potential buyers. More>>

Stanford professor 1st woman to win top math prize

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An Iranian-born Stanford University professor is the first woman to win math's highest honor, the Fields Medal. More>>

Lighter sentences sought for some business crimes

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The federal panel that sets sentencing policy eased penalties this year for potentially tens of thousands of nonviolent drug offenders. Now, defense lawyers and prisoner advocates are pushing for similar treatment for a... More>>

Study: Keystone carbon pollution more than figured

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The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes. More>>

US stocks close higher; Amazon gains, Macy's drops

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Technology and health care companies are helping U.S. stocks close higher, despite a mixed batch of economic news and a pullback in Japan's economy. More>>

App to hail taxis, limos launches in Las Vegas

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Las Vegas visitors can now hail a ride from a taxi or limo company using their smartphone, even if they can't use the popular ridesharing apps available in many other U.S. cities. More>>

Apple's tech jobs held mostly by white, Asian men

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Apple primarily relies on white and Asian men for its top-paying technology jobs, feeding the perception that Silicon Valley's economic boom is largely excluding women, blacks and Hispanics. More>>

Deere takes a hit as farm economy weakens

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Deere's profit slumped 15 percent in the third quarter and the farming equipment maker, seeing weak sales ahead, trimmed its outlook and will cut production. More>>

Decision could boost use of popular weed killer

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Faced with tougher and more resistant weeds, corn and soybean farmers are anxiously awaiting government decisions on a new version of a popular herbicide - and on genetically modified seeds to grow crops designed to resist... More>>

Macy's 2Q profit falls short; sales outlook cut

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Macy's Inc. on Wednesday reported a 4 percent profit increase in its fiscal second quarter as business rebounded from slow sales earlier in the year. More>>

US indexes move higher; Amazon gains, Macy's drops

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Stocks are moving higher in midday trading, bringing the Dow Jones industrial average back into the black for the year. More>>

Amazon debuts mobile payment app and card reader

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Amazon is taking direct aim at mobile payment systems such as Square by introducing the Amazon Local Register, a credit-card processing device and mobile app designed to help small business owners accept payments through... More>>

US businesses boosted stockpiles 0.4 pct. in June

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U.S. businesses added to their stockpiles at a slightly slower pace in June compared with May, possibly reflecting weaker sales in the past two months. More>>

Greek economy contracts at slowest rate since 2008

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Greece's economy is shrinking at its slowest rate in nearly six years, official figures showed Wednesday, reinforcing hopes that the end of the country's punishing recession is in sight. More>>

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