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Residents of Wyoming town allowed to return home

Apr 24, 2014

OPAL, Wyo. (AP) — Residents were allowed to return home Thursday, nearly 22 hours after an explosion at a natural gas processing plant forced the evacuation of their small southwestern Wyoming town.

Lincoln County spokesman Stephen Malik said that the evacuation order was lifted shortly after ...

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Russia's Putin calls the Internet a 'CIA project'

Apr 24, 2014

By NATALIYA VASILYEVA, Associated Press

MOSCOW (AP) — President Vladimir Putin on Thursday called the Internet a CIA project and made comments about Russia's biggest search engine Yandex, sending the company's shares plummeting.

The Kremlin has been anxious to exert greater control over the ...

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US journalist released in east Ukraine

Apr 24, 2014

MOSCOW (AP) — An American journalist who was held by pro-Russia insurgents in eastern Ukraine for several days says he has been released and is in good condition.

Simon Ostrovsky of Vice News told The Associated Press in a brief call Thursday that he had been freed and was heading to Donetsk, the ...

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Stocks mostly higher on earnings gains; Apple up

Apr 24, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — Strong earnings from a number of U.S. companies including Apple and Caterpillar had stocks moving mostly higher Thursday afternoon. 3M was among those whose results disappointed investors.

The gains were modest as investors kept a close watch on ...

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Caterpillar 1Q profit climbs 5 pct, forecast rises

Apr 24, 2014

By TOM MURPHY, AP Business Writer

Caterpillar's first-quarter earnings rose 5 percent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining equipment sales slump is still hurting results.

The Peoria, Ill., company now expects 2014 earnings ...

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Aetna's 1Q profit jumps 36 pct, forecast climbs

Apr 24, 2014

By TOM MURPHY, AP Business Writer

Aetna's first-quarter net income soared 36 percent, fueled by gains from a multi-billion-dollar acquisition, and the health insurer hiked its 2014 earnings forecast above Wall Street estimates.

Its results breezed past analysts' expectations, and Aetna shares ...

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Marlboro maker Altria 1Q profit falls

Apr 24, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

RICHMOND, Va. (AP) — Altria Group Inc.'s first-quarter profit dropped 15 percent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited from lower expenses from a longstanding legal settlement.

The owner of the nation's biggest ...

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Applications for US unemployment aid jump to 329K

Apr 24, 2014

By CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.

The Labor Department said Thursday that ...

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Mixed earnings news leaves stocks little changed

Apr 24, 2014

NEW YORK (AP) — Mixed earnings news from big U.S. companies left investors searching for direction in early trading, leaving major indexes little changed.

Raytheon fell 5 percent after its results for the first quarter came up short of what investors were expecting. 3M fell 2 percent after its ...

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China set to punish web giant Sina for pornography

Apr 24, 2014

BEIJING (AP) — China's official news agency says authorities plan to revoke two crucial publication licenses for web giant Sina.com because pornographic content was found on its sites.

Xinhua News Agency says the penalty might partially ban the web giant's operations.

Sina apologized Thursday ...

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Zimmer buying Biomet in deal valued at $13.35B

Apr 24, 2014

WARSAW, Ind. (AP) — Orthopedic device maker Zimmer is buying privately-held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services.

Even though it is the buyer, Zimmer shares rose more than 16 percent in premarket trading Thursday.

Zimmer Inc. will ...

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UPS blames winter weather for drop in 1Q profit

Apr 24, 2014

By DAVID KOENIG, AP Airlines Writer

DALLAS (AP) — First-quarter revenue at UPS slumped 12 percent as winter storms increased costs for the shipping giant and cut into its revenue.

The Atlanta company said Thursday that the rough start to the year means that full-year earnings will come in at the ...

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3M 1Q results improve, but miss Street's view

Apr 24, 2014

ST. PAUL, Minn. (AP) — 3M's first-quarter net income rose 7 percent, led by sales growth in its health care business.

The maker of products from Post-it notes to industrial coatings and ceramics said Thursday that it earned $1.21 billion, or $1.79 per share, for the three months through March 31.

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Spanish economic growth seen fastest since 2008

Apr 24, 2014

MADRID (AP) — Spain's economy expanded by 0.4 percent in the first quarter, the Bank of Spain estimated Thursday, the fastest growth in six years and further evidence the recovery is gathering steam.

The quarterly rate was double that of the previous three-month period largely on the back of a ...

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Oil near $102 on Ukraine crisis, Libya export woes

Apr 24, 2014

By PABLO GORONDI, Associated Press

The price of oil rebounded to near $102 a barrel Thursday on worries about tensions in Ukraine and continued concerns about crude exports from Libya and Nigeria.

By early afternoon in Europe, U.S. crude for June delivery was up 34 cents to $101.78 a barrel in ...

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Vermont moves toward labeling of GMO foods

Apr 24, 2014

By LISA RATHKE and DAVE GRAM, Associated Press

MONTPELIER, Vt. (AP) — Vermont lawmakers have passed the country's first state bill to require the labeling of genetically modified foods, underscoring a division between powerful lobbyists for the U.S. food industry and an American public that ...

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1 year after factory collapse, Bangladeshis suffer

Apr 24, 2014

By JULHAS ALAM, Associated Press

SAVAR, Bangladesh (AP) — One year after the Rana Plaza garment factory collapsed in a pile of concrete slabs and twisted metal, Bangladeshi seamstress Shefali says she would rather starve to death than return to factory work.

Like many survivors of the worst disaster ...

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Starwood rides economic recover to strong 1Q

Apr 24, 2014

STAMFORD, Conn. (AP) — Starwood's first-quarter net income declined 36 percent compared with last year when it booked some big asset sales, but it easily beat Wall Street expectations for profit and revenue.

The owner of Sheraton and St. Regis hotels earned $137 million, or 72 cents a share. That ...

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Tokyo court starts Mt. Gox bankruptcy proceedings

Apr 24, 2014

TOKYO (AP) — Bankruptcy proceedings have begun for Mt. Gox, a move that was widely expected after the Tokyo District Court decided earlier this month that the bitcoin exchange would not be able to resurrect itself.

An administrator will try to sell the company's assets, but many creditors,

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US-Japan trade talks suspended without agreement

Apr 24, 2014

TOKYO (AP) — Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama's visit to Tokyo.

Economy minister Akira Amari, Japan's top negotiator, said too many issues ...

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