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UK unemployment down to 6.9 percent

Apr 16, 2014

LONDON (AP) — Britain's unemployment rate has fallen below 7 percent for the first time in five years, with earnings growth narrowly outstripping inflation.

The Office for National Statistics said Wednesday that 2.24 million people were unemployed in the three months to February, a rate of 6.9 ...

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Sub makes 2nd dive to search for Malaysian plane

Apr 16, 2014

By MARGIE MASON, Associated Press

PERTH, Australia (AP) — As a robotic submarine dove into the ocean to look for lost Flight 370, angry Chinese relatives stormed out of a teleconference meeting Wednesday to protest the Malaysian government for not addressing them in person.

The Bluefin 21 sub ...

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Credit Suisse profits down 34 percent

Apr 16, 2014

FRANKFURT, Germany (AP) — Swiss bank Credit Suisse says net profit fell 34 percent in the first quarter as bond-market woes hurt earnings at its investment banking business.

Profit fell to 859 million Swiss francs ($979 million) from 1.303 billion francs in the same quarter a year ago. Group core ...

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Detroit strikes 2nd deal with its other retirees

Apr 16, 2014

By ED WHITE, Associated Press

DETROIT (AP) — The city of Detroit reached tentative agreements to preserve pensions for retired police office and firefighters but cut monthly payments for other former employees, key deals that could accelerate the largest public bankruptcy in U.S. history, officials ...

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Asia shares rise, shrug off slower China growth

Apr 16, 2014

By ELAINE KURTENBACH, AP Business Writer

TOKYO (AP) — Shares rose Wednesday in Asia, led by Japan's Nikkei 225 index, as investors largely shrugged off news that China's economy slowed in the first quarter.

The Nikkei jumped 2.7 percent to 14,380.77 as Softbank Corp. shares soared more than 8 ...

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GM to ask bankruptcy court for lawsuit protection

Apr 15, 2014

By TOM KRISHER, AP Auto Writer

DETROIT (AP) — General Motors says it will ask a federal bankruptcy judge to shield the company from legal claims involving conduct before its 2009 bankruptcy.

The company revealed its strategy late Tuesday in a motion filed in a federal court case in Corpus Christi,

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China's growth slows to 24-year low of 7.4 percent

Apr 15, 2014

By JOE McDONALD, AP Business Writer

BEIJING (AP) — China's economic growth slowed to a 24-year low of 7.4 percent in the first quarter, raising the risk of job losses and a potential impact on its trading partners.

The figure reported Wednesday by the government was down from the previous quarter's ...

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Rail companies to report fertilizer delivery plans

Apr 15, 2014

PIERRE, S.D. (AP) — A federal oversight board told Canadian Pacific Railway and BNSF Railway that they have until Friday to report their plans to ensure delivery of fertilizer shipments for spring planting of U.S. crops.

The Surface Transportation Board's decision Tuesday comes in response to a ...

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Intel reports lower 1Q net income, higher revenue

Apr 15, 2014

By BARBARA ORTUTAY, AP Technology Writer

NEW YORK (AP) — Intel's earnings fell in the first three months of the year amid a continued slump in the worldwide PC market, but revenue grew slightly because of solid demand for tablet processors and its data center services.

Intel Corp. is the world's ...

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US declines to name China a currency manipulator

Apr 15, 2014

By MARCY GORDON, AP Business Writer

WASHINGTON (AP) — The Obama administration is raising concern about the value of China's currency but is declining, as in recent years, to accuse Beijing of manipulating it.

The administration also expressed concern Tuesday about South Korea's actions in currency ...

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GM sales eyed for impact of ignition switch recall

Apr 15, 2014

By TOM KRISHER, AP Auto Writer

DETROIT (AP) — As General Motors executives show off their newest cars and trucks in New York this week, analysts are watching for signs that consumers are shying away from the ones sitting on dealer lots.

Many expect GM sales to take a hit from a mishandled recall of ...

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US stock markets rebounds after choppy day

Apr 15, 2014

By ALEX VEIGA, AP Business Writer

A stock market swoon turned into a comeback Tuesday.

Stocks managed a late-afternoon rebound for the second time in two days as investors seemed to brush off a report of lower confidence among homebuilders and simmering tensions in the Ukraine.

The late rally even ...

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CBS wins the week with basketball and hit series

Apr 15, 2014

By FRAZIER MOORE, AP Television Writer

NEW YORK (AP) — The Nielsen ratings company says basketball and a slate of hit television series have handed CBS another winning week. It was CBS' sixth straight weekly win in prime-time viewers.

The network had 15 of the top 20 shows, led by the NCAA Men's ...

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5 Things to Know about Tax Day

Apr 15, 2014

By The Associated Press

The deadline for filing taxes is midnight Tuesday. Here are five things to consider as the deadline nears.

1. YOU MAY NOT FACE MUCH OF A DEADLINE

If you're due a refund — and about three-quarters of filers typically are — missing the April 15 deadline will not get you in ...

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Yellen signals more aggressive stance toward banks

Apr 15, 2014

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON (AP) — The Federal Reserve may be about to turn more aggressive in its regulation of the financial system.

Fed Chair Janet Yellen suggested Tuesday that current regulatory rules might not be enough to prevent the kind of risk-taking that triggered ...

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Coca-Cola sells more drinks but soda dips

Apr 15, 2014

By CANDICE CHOI, AP Food Industry Writer

NEW YORK (AP) — Coca-Cola, the world's biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years.

The drop in the first quarter was offset by stronger sales of its noncarbonated drinks that include Minute ...

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Obama to faith leaders: No immigration fix planned

Apr 15, 2014

WASHINGTON (AP) — President Barack Obama has told religious leaders that he has no plans to make unilateral changes to the nation's immigration laws.

That's according to Luis Cortes, the president of the Hispanic faith-based organization Esperanza. He was among six religious leaders who met with ...

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J&J Q1 net up 8 percent on sales jump, lower costs

Apr 15, 2014

By LINDA A. JOHNSON, AP Business Writer

A turnaround in Johnson & Johnson's prescription medicine business fueled by new drugs, combined with reduced production and administration expenses, lifted first-quarter profit by 8 percent.

The world's biggest maker of health care products beat Wall Street ...

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Court upholds EPA emission standards

Apr 15, 2014

By PETE YOST, Associated Press

WASHINGTON (AP) — A federal appeals court on Tuesday upheld the Environmental Protection Agency's emission standards for hazardous air pollutants from coal- and oil-fired power plants.

The court rejected state and industry challenges to rules designed to clean up ...

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Twitter buys data analytics partner Gnip

Apr 15, 2014

NEW YORK (AP) — Twitter says it has bought its data partner Gnip, which provides analysis of the more than 500 million tweets its users share each day — to advertisers, academic institutions, politicians and other customers.

Twitter Inc. said Tuesday that Gnip has already played a "crucial role"

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