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Iran cuts portion of gasoline subsidies

Apr 25, 2014

TEHRAN, Iran (AP) — Iran has cut a portion of its gasoline subsidies, nearly doubling some prices at the pump as part of a second round of cuts delayed since 2012.

Friday's move will test public support for moderate President Hassan Rouhani in a nation battered by inflation and economic sanctions ...

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Mandalay Bay expo center getting $66M expansion

Apr 24, 2014

By MICHELLE RINDELS, Associated Press

LAS VEGAS (AP) — The Mandalay Bay resort in Las Vegas announced a $66 million expansion project that will boost its convention center from the seventh-largest to the fifth-largest in the United States.

Hotel officials said Thursday that the 350,000 square feet ...

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Cloud strength helps Microsoft earnings top Street

Apr 24, 2014

By RYAN NAKASHIMA, AP Business Writer

LOS ANGELES (AP) — Results from Microsoft's first quarterly earnings release under new CEO Satya Nadella offered fresh justification for his focus on cloud computing.

Microsoft Corp. on Thursday posted net income and revenue that beat Wall Street expectations.

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Visa's 2Q profit jumps 26 percent as payments grow

Apr 24, 2014

By ALEX VEIGA, AP Business Writer

Visa Inc.'s profit jumped 26 percent in its fiscal second quarter from a year earlier as the company benefited from strong growth in payments volume, service revenue and a one-time tax gain.

The latest earnings exceeded Wall Street estimates, but revenue fell ...

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Major oil and gas firm to list fracking chemicals

Apr 24, 2014

By KEVIN BEGOS and MATTHEW DALY, Associated Press

PITTSBURGH (AP) — A major supplier to the oil and gas industry says it will begin disclosing 100 percent of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets. The move by Baker Hughes of Houston is a shift for a ...

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Amazon 1st quarter net income jumps

Apr 24, 2014

By MAE ANDERSON, AP Retail Writer

NEW YORK (AP) — Amazon's first-quarter profit rose 18 percent as shoppers continued to flock to the online mega retailer to buy goods.

Still, the company forecasts an operating loss for the second quarter as it continues to invest heavily both internationally and ...

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Stocks close mostly higher on earnings; Apple up

Apr 24, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar.

The markets gains were modest, however, as investors turned their eyes back to ...

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Vermont ups the ante on genetically modified foods

Apr 24, 2014

By LISA RATHKE and DAVE GRAM, Associated Press

MONTPELIER, Vt. (AP) — Vermont has raised the stakes in the debate over genetically modified foods by becoming the first state to pass a bill requiring that they be labeled as such in the grocery aisle, making the move despite the opposition of the ...

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FDA OKs first-ever DNA alternative to Pap smear

Apr 24, 2014

By MATTHEW PERRONE, AP Health Writer

WASHINGTON (AP) — Federal health regulators have cleared a genetic test from Roche as the first ever U.S.-approved alternative to the Pap smear, the decades-old mainstay of cervical cancer screening.

The Food and Drug Administration approved Roche's cobas HPV test ...

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Court filing says ship in Texas spill was speeding

Apr 24, 2014

By JUAN A. LOZANO, Associated Press

HOUSTON (AP) — The owner of a tugboat that collided with a ship last month, dumping nearly 170,000 gallons of oil into the Houston Ship Channel, claims in court filings the ship was speeding and being operated in a reckless manner.

In court documents filed ...

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Starbucks profit climbs as US sales increase

Apr 24, 2014

NEW YORK (AP) — Starbucks reported a stronger quarterly profit on Thursday as customers in the U.S. continued shelling out more money at its cafes.

The Seattle-based chain said global sales at established locations rose 6 percent for its second fiscal quarter, including in the U.S., where it has ...

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Ladies' Home Journal goes newsstand-only

Apr 24, 2014

By SARAH SKIDMORE SELL, AP Business Writer

Meredith Corp. is ending subscription service for "Ladies' Home Journal," one of the nation's oldest women's magazines, due to declining advertiser interest.

The magazine, launched in 1883, remains popular today with a circulation of 3.2 million, according ...

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US proposes pay-for-priority Internet standards

Apr 24, 2014

By RYAN NAKASHIMA, AP Business Writer

LOS ANGELES (AP) — The nation's top telecoms regulator is proposing to allow a pay-for-priority fast lane for movies, music and other services to get to people's homes.

The proposed rules come after a federal appeals court struck down previous "net neutrality"

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Government to review Northwestern bid to unionize

Apr 24, 2014

WASHINGTON (AP) — The National Labor Relations Board has granted Northwestern University's request that it review its ruling that football players at the university are essentially employees of the school with full collective bargaining rights.

It said a previously scheduled vote by Northwestern ...

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Manufacturers see better times for economy, jobs

Apr 24, 2014

By JONATHAN FAHEY, AP Business Writer

NEW YORK (AP) — Companies are finally starting to spend some of the cash they've been sitting on, and that could mean a stronger economy and more jobs are on the way.

Industrial companies such as General Electric, Honeywell and Caterpillar have been posting ...

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New York Times 1Q profit falls 51 pct

Apr 24, 2014

NEW YORK (AP) — The New York Times Co. said Thursday that its first-quarter net profit dropped 51 percent, as higher costs outpaced small increases in circulation and advertising revenue.

Times Co. earned $1.7 million, or 1 cent per share, down from $3.6 million, or 2 cents per share, in the same ...

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Amazon launches grocery service for Prime members

Apr 24, 2014

By MAE ANDERSON, AP Retail Writer

NEW YORK (AP) — Amazon is taking aim at grocery stores and discounters like Wal-Mart with a grocery service that lets its Prime loyalty club members fill up to a 45-pound box with groceries and get it shipped for a flat rate of $5.99.

The mega online retailer says ...

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FDA eases into regulating e-cigarettes

Apr 24, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

WASHINGTON (AP) — The federal government's move to regulate e-cigarettes is a leap into the unknown.

Most everyone agrees a ban on selling them to kids would be a step forward. But health and public policy experts can't say for certain whether the electronic ...

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GM profit sinks; CEO sees no recall hit to sales

Apr 24, 2014

By TOM KRISHER and DEE-ANN DURBIN, AP Auto Writers

DETROIT (AP) — The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.

GM on Thursday reported its worst financial results in ...

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For airlines not named United, it was a great 1Q

Apr 24, 2014

By DAVID KOENIG, AP Airlines Writer

DALLAS (AP) — Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.

Mergers have reduced competition and made it easier for the airlines to limit the supply of ...

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