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Court to hear dispute over Internet TV broadcasts

Apr 21, 2014

By MARK SHERMAN, Associated Press

WASHINGTON (AP) — Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say threatens their financial well-being.

The battle ...

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Stocks post modest gains as earnings roll in

Apr 21, 2014

NEW YORK (AP) — Stocks are moving higher at the beginning of another big week for company earnings.

Halliburton rose 3 percent after the oil exploration company posted a profit for the first quarter, bouncing back from a loss in the same period a year ago. Athenahealth, a provider of online ...

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US justices hear arguments in Argentina debt case

Apr 21, 2014

WASHINGTON (AP) — The U.S. Supreme Court appears to be searching for a middle ground in the decade-long battle between Argentina and holders of its defaulted bonds.

The justices heard arguments Monday on a relatively narrow aspect of the issue, the question of whether a sovereign nation can be ...

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Report: Sandy's fallout affecting small business

Apr 21, 2014

NEW YORK (AP) — The Federal Reserve Bank of New York says a third of small businesses in tri-state Superstorm Sandy disaster areas reported financial losses a year later.

The findings were released Monday. The online poll was conducted from Oct. 10 to Dec. 31, 2013.

It looked at businesses in New ...

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Gauge of US economy up for 3rd straight month

Apr 21, 2014

By JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow.

The Conference Board said Monday that its index of leading indicators ...

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Stocks edge higher as major earnings week starts

Apr 21, 2014

NEW YORK (AP) — Stocks are edging higher as another big week for company earnings begins.

Halliburton rose after the oil exploration company said it was profitable in the first-quarter after reporting a loss in the same period a year ago. Athenahealth, a provider of online services to the health ...

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UAW withdraws appeal of Volkswagen union vote

Apr 21, 2014

By ERIK SCHELZIG, Associated Press

NASHVILLE, Tenn. (AP) — The United Auto Workers announced Monday it is withdrawing an appeal of the outcome of a union vote at Volkswagen's assembly plant in Tennessee.

In a statement released one hour before the scheduled start of a National Labor Relations Board ...

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Halliburton posts $622M in 1st-qtr net income

Apr 21, 2014

By The Associated Press

Halliburton says it was profitable in the first-quarter after reporting a loss for the period a year ago.

Its latest results topped Wall Street expectations, and its shares edged up in premarket trading Monday.

Halliburton sells services to companies that drill for oil and ...

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Oil stays above $104 amid Ukraine jitters

Apr 21, 2014

By The Associated Press

BEIJING (AP) — The price of oil edged down Monday but stayed above $104 per barrel as investors watched simmering tensions in Ukraine.

U.S. crude for May delivery was down 12 cents at $104.18 in electronic trading on the New York Mercantile Exchange after trading resumed ...

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Japan logs record $134B trade deficit in FY 2013

Apr 20, 2014

TOKYO (AP) — Japan's trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year as exports failed to keep pace with surging costs for imported oil and gas.

The Finance Ministry reported Monday that exports in the year that ended March 31 rose 10.8 ...

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Kraft recalls 96,000 pounds of Oscar Mayer wieners

Apr 20, 2014

NEW YORK (AP) — Kraft Foods is recalling 96,000 pounds of its Oscar Mayer wieners because they may mistakenly contain cheese.

The U.S. Department of Agriculture's Food Safety and Inspection Service said Sunday that packages of Kraft's "Oscar Mayer Classic Wieners" may instead contain the company's ...

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'Capt. America' tops box office for third week

Apr 20, 2014

By SANDY COHEN, AP Entertainment Writer

LOS ANGELES (AP) — Captain America continues to vanquish box office foes, triumphing in ticket sales for the third consecutive week and dominating over megastar Johnny Depp's new movie.

"Captain America: The Winter Soldier" added another $26 million to its ...

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General Mills scraps controversial new legal terms

Apr 20, 2014

NEW YORK (AP) — General Mills is scrapping a controversial plan to strip consumers of their right to sue the food company.

The company, which owns Cheerios, Progresso and Yoplait, had posted a notice on its website notifying visitors that using the company's websites or engaging with it online in ...

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Study: Fuels from corn waste not better than gas

Apr 20, 2014

By DINA CAPPIELLO, Associated Press

WASHINGTON (AP) — Biofuels made from the leftovers of harvested corn plants are worse than gasoline for global warming in the short term, a study shows, challenging the Obama administration's conclusions that they are a much cleaner oil alternative and will help ...

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Automakers unveil China-focused models in Beijing

Apr 20, 2014

By JOE McDONALD and DIDI TANG, Associated Press

BEIJING (AP) — Ford Motor Co. on Sunday unveiled a new Escort sedan designed in China for global sale at a Beijing auto show that highlighted the growing influence of Chinese tastes on the industry.

Automakers are looking to China's biggest auto show ...

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GM boosting China production capacity to 5 million

Apr 20, 2014

BEIJING (AP) — The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million.

Speaking at the Beijing auto show, Dan Ammann said the company also expects sales of its Cadillac luxury cars to double to ...

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Dealer wanted in US for art fraud nabbed in Spain

Apr 20, 2014

By HAROLD HECKLE, Associated Press

MADRID (AP) — A Spanish businessman suspected of having dealt in millions of dollars of fake art has been arrested during Easter festivities in southern Spain, officials said Sunday.

Art dealer Jose Carlos Bergantinos Diaz, who is wanted for fraud in the United ...

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Beijing auto show opens amid market slowdown

Apr 19, 2014

BEIJING (AP) — Global and Chinese automakers are looking to the Beijing auto show to help boost sales in a slowing, intensely competitive market.

Brands from General Motors Co. to Chinese SUV maker Great Wall Motors are unveiling new and restyled sedans, sport utility vehicles and other models at ...

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Deadline lapses in Peru for illegal gold miners

Apr 19, 2014

By FRANKLIN BRICENO, Associated Press

LIMA, Peru (AP) — The clock has run out for an estimated 40,000 illegal gold miners who had until Saturday to legalize their status in a region of southeastern Peru where fortune-seekers have ravaged rainforests and contaminated rivers. The government's vow to ...

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Providence, RI, sues firms over stock trades

Apr 18, 2014

By The Associated Press

Providence, R.I., is suing dozens of Wall Street banks and other financial companies over high-frequency trading.

The federal complaint was filed Friday in New York on behalf of city investment funds that traded stocks in the U.S. since April 18, 2009.

It claims that stock ...

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