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Indian economic advisor: no big reforms until 2014

Apr 20, 2012

NEW DELHI (AP) — The Indian government's chief economic adviser says India won't likely pursue any major economic reforms until after 2014 parliamentary elections.

Kaushik Basu said this week at the Carnegie Endowment for International Peace think tank in Washington, D.C., that key reforms —

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New Zealand woman's Coca-Cola habit cited in death

Apr 20, 2012

By NICK PERRY, Associated Press

WELLINGTON, New Zealand (AP) — Experts say a New Zealand woman's 2-gallon-a-day Coca-Cola habit probably contributed to her death, a conclusion that led the soft-drink giant to note that even water can be deadly in excessive amounts.

Natasha Harris, a 30-year-old,

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Honda appeal seeks to reverse hybrid owner's award

Apr 19, 2012

By LINDA DEUTSCH, Associated Press

TORRANCE, Calif. (AP) — Lawyers for American Honda Motor Co. returned to court Thursday to try to overturn a highly publicized small claims court award to a woman who sued over the fuel economy of her hybrid Honda Civic.

Superior Court Judge Dudley W. Gray II ...

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Rumors swirl of smaller iPad, which Jobs detested

Apr 19, 2012

By PETER SVENSSON, Associated Press

NEW YORK (AP) — Apple generates more gossip than the Kardashians.

There's a constantly spinning mill of rumors about Apple products, most of which turn out to be untrue. What's unusual this week is that talk has revived of a smaller iPad model, an idea company ...

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Gulf residents to get extra $64M for spill claims

Apr 19, 2012

By CAIN BURDEAU and MICHAEL KUNZELMAN, Associated Press

NEW ORLEANS (AP) — Roughly 7,300 residents and businesses harmed by the 2010 oil spill in the Gulf of Mexico will get more than $64 million in additional payments because their claims with BP's $20 billion compensation fund were shortchanged ...

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AMR unions plan to back takeover bid by US Airways

Apr 19, 2012

By DAVID KOENIG, Associated Press

DALLAS (AP) — Unions at American Airlines plan to support a potential takeover offer by rival US Airways, according to two people familiar with the situation.

The unions believe that combining with US Airways would give American the best chance to grow and ...

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Capital One's 1Q profit up on ING Direct purchase

Apr 19, 2012

By ALEX VEIGA, Associated Press

LOS ANGELES (AP) — Capital One Financial Corp. said Thursday that its profit jumped 37 percent in the first quarter, buoyed by the company's acquisition of online bank ING Direct and higher revenue.

A healthier job market and warmer weather encouraged more ...

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Microsoft's Windows propels pleasant 3Q surprise

Apr 19, 2012

By MICHAEL LIEDTKE, Associated Press

SAN FRANCISCO (AP) — Microsoft produced a surprisingly strong quarter to start the year, pleasing investors looking forward to even bigger things from the software maker's much-anticipated overhaul of Windows operating system next fall.

The performance ...

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Doritos tacos put sizzle in Taco Bell's US sales

Apr 19, 2012

By BRUCE SCHREINER, Associated Press

LOUISVILLE, Ky. (AP) — Taco Bell's new take on the taco, featuring orange Doritos dust, has helped put the sizzle back in its U.S. sales after a nearly yearlong slump stemming from a short-lived lawsuit that caused the chain some queasiness.

Sales at Taco Bell ...

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DuPont posts 1Q gain as Danisco pads profits

Apr 19, 2012

By RANDALL CHASE, Associated Press

DOVER, Del. (AP) — Strong performances from DuPont's agricultural and performance chemicals units, combined with its acquisition of Danish food maker Danisco last year, contributed to an increase in first-quarter earnings, the company said Thursday.

DuPont,

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Stocks drop on mixed news on profits, economy

Apr 19, 2012

By BERNARD CONDON, Associated Press

NEW YORK (AP) — A slew of U.S. companies announced big profits Thursday, but investors spooked about the economy sold stocks anyway.

Investors shifted between buying and selling early, then stuck with selling after deciding that the strong earnings results weren't ...

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Human Genome rejects GlaxoSmithKline's $2.6B bid

Apr 19, 2012

By MATTHEW PERRONE, Associated Press

ROCKVILLE, Md. (AP) — Biotech drugmaker Human Genome Sciences Inc. has rejected an unsolicited $2.59 billion takeover bid by GlaxoSmithKline PLC, the British pharmaceutical giant that spent nearly two decades helping the smaller company bring its first drug to ...

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Strong railroad profits show US economy growing

Apr 19, 2012

By JOSH FUNK, Associated Press

OMAHA, Neb. (AP) — Strong earnings reports from two of the nation's biggest freight railroads show that the U.S. economy is continuing its long, slow recovery.

Union Pacific Corp. said Thursday its first-quarter net income jumped 35 percent as the railroad hauled ...

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Southwest posts 1Q profit on special items

Apr 19, 2012

By DAVID KOENIG, Associated Press

DALLAS (AP) — Southwest Airlines Co. is worried that the days of easy fare increases are over.

The airline had a surprisingly good first quarter, helped by a 5 percent increase in the average ticket — part of a three-year trend of higher prices at Southwest,

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Bank of America bad-loan provisions at 2007 level

Apr 19, 2012

By PALLAVI GOGOI, Associated Press

NEW YORK (AP) — Bank of America said Thursday that it set aside less money to cover bad loans in the first three months of the year than it has since before the 2008 financial crisis.

Because Bank of America serves about half the nation's households, the results ...

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Splunk doubles in debut, but some trades canceled

Apr 19, 2012

NEW YORK (AP) — Splunk shares more than doubled in their first day of trading Thursday, but extreme volatility prompted the Nasdaq to halt trading immediately after the shares hit the market. A subsequent error at the NYSE's electronic exchange resulted in a batch of trades being canceled.

The ...

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Oil rises to near $103 amid uneven US recovery

Apr 19, 2012

By ALEX KENNEDY, Associated Press

SINGAPORE (AP) — Oil prices rose to near $103 a barrel Friday in Asia amid signs the U.S. economic recovery remains uneven.

Benchmark oil for May delivery was up 43 cents to $102.70 a barrel at late afternoon Singapore time in electronic trading on the New York ...

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Accounting charge trims Morgan Stanley revenue

Apr 19, 2012

By CHRISTINA REXRODE, Associated Press

NEW YORK (AP) — Morgan Stanley reported earnings that far exceeded investors' forecasts Thursday, sending its stock higher even as the rest of the market fell.

Revenue rose to $8.9 billion from $7.8 billion a year ago, trouncing the $7.6 billion predicted by ...

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New York Times posts higher 1Q net income on gains

Apr 19, 2012

By The Associated Press, Associated Press

NEW YORK (AP) — The New York Times Co. reported sharply higher net income for its first quarter on Thursday, helped by a large gain from the sale of its Regional Media Group and increases in print and digital circulation revenue.

The company said its ...

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iPhone Bills Boost Verizon Revenue Growth

Apr 19, 2012

By PETER SVENSSON, Associated Press

NEW YORK (AP) — Holiday sales of the iPhone 4S started to boost revenue at Verizon Communications Inc. in the latest quarter, as subscribers settled in to paying their new monthly bills.

That meant that wireless service revenues grew at their fastest pace in ...

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