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Ericsson in $260 million first-quarter profit

Apr 23, 2014

STOCKHOLM (AP) — Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same period a year earlier.

Net sales in the period dropped to 47.5 ...

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Amnesty: Qatar fails to protect domestic workers

Apr 23, 2014

By ADAM SCHRECK, Associated Press

DUBAI, United Arab Emirates (AP) — An international human rights group has slammed Qatar for failing to protect foreign maids and other domestic workers from exploitation, adding pressure on the Gulf state over its labor practices as it gears up to host the 2022 ...

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Toyota sells 2.58 million vehicles, outselling GM

Apr 23, 2014

TOKYO (AP) — Toyota kept its position at the top in global vehicle sales for the first quarter of this year, outpacing rivals General Motors and Volkswagen.

Toyota Motor Corp. said Wednesday that it sold 2.583 million vehicles in the January-March period, ahead of Detroit-based GM at 2.42 million ...

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Survey: China manufacturing shrinks for 4th month

Apr 22, 2014

HONG KONG (AP) — Factory activity in China shrank for the fourth straight month in April, though the decline was slightly slower, a survey on Wednesday said, in a possible sign the slowdown in the world's No. 2 economy is stabilizing.

The preliminary version of HSBC's purchasing managers' index ...

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Investor pressure pushing drugmaker M&A deals

Apr 22, 2014

By LINDA A. JOHNSON, AP Business Writer

Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team looking to shake up its roster. The moves could spur more mergers and acquisitions in the industry.

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AT&T had strong 1Q on wireless installment plans

Apr 22, 2014

By ANICK JESDANUN, AP Technology Writer

NEW YORK (AP) — AT&T's wireless business had a strong first quarter as the company added more than 1 million subscribers and benefited from an installment plan that permits frequent phone upgrades.

Although customers in the installment plan, called Next,

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Internet TV case: Justices skeptical, concerned

Apr 22, 2014

By MARK SHERMAN, Associated Press

WASHINGTON (AP) — Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.

The high court heard ...

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Attacks on payment systems trail other cybercrimes

Apr 22, 2014

By BREE FOWLER, AP Technology Writer

NEW YORK (AP) — While the theft of millions of credit card numbers from Target customers last year drew attention to Internet crime, a new study finds that breaches of retail payment systems are less common than other kinds of attacks.

A report from Verizon ...

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Earnings and corporate deals lift US stocks

Apr 22, 2014

By STEVE ROTHWELL, AP Markets Writer

NEW YORK (AP) — Corporate deals and some solid earnings reports propelled the stock market to its sixth straight gain Tuesday.

Allergan surged after Valeant Pharmaceuticals said it had teamed up with activist investor Bill Ackman to make a bid for the Botox maker.

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Maine baby lobster decline could end high catches

Apr 22, 2014

By PATRICK WHITTLE, Associated Press

YARMOUTH, Maine (AP) — The number of baby lobsters settling off the rocky coast of Maine continues to steadily decline — possibly foreshadowing an end to the recent record catches that have boosted New England's lobster fishery, scientists say.

A University of ...

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Aereo CEO speaks on company, Supreme Court case

Apr 22, 2014

By ANICK JESDANUN, AP Technology Writer

NEW YORK (AP) — Television broadcasters face off at the U.S. Supreme Court on Tuesday with Aereo, a company that offers live TV over the Internet. The case hinges on whether the service constitutes a public performance in violation of copyright law.

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Job market for college grads better but still weak

Apr 22, 2014

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads — a bit.

But finding work — especially a dream job — remains tough for those ...

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Bloomberg invests $5M in solar-powered lamp

Apr 22, 2014

NEW YORK (AP) — Former New York Mayor Michael Bloomberg's foundation has announced a $5 million investment in an artsy-looking solar-powered lamp designed for use in off-grid populations in Africa.

The announcement was made Tuesday by Bloomberg Philanthropies.

It says the lamp, called Little Sun,

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General Motors seeks more protection from suits

Apr 22, 2014

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

DETROIT (AP) — General Motors Co. is asking a U.S. bankruptcy judge to shield it from legal claims for actions that took place before the company's 2009 bankruptcy.

But the reasons behind a company motion filed late Monday are in dispute.

GM says it's ...

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Pharma deals give stocks a lift

Apr 22, 2014

By The Associated Press

LONDON (AP) — A flurry of deals in the pharmaceutical sector helped to shore up global stock markets on Tuesday.

Amid a relative dearth of economic data and the lack of fresh news in Ukraine, investors are focusing on the latest batch of U.S. corporate earnings and the slew ...

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Sales of US existing homes slip to a 20-month low

Apr 22, 2014

By CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON (AP) — Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.

The National Association of Realtors said Tuesday that sales ...

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Philips shares slump over weak 1st-quarter profits

Apr 22, 2014

By TOBY STERLING, Associated Press

AMSTERDAM (AP) — Shares in Royal Philips, the world's leading light maker, slumped Tuesday after the Dutch company reported a drop in first-quarter profits blamed partly on sluggish sales of its health care products and consumer lights.

Philips said its net profit ...

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Tesla delivers first China cars, plans expansion

Apr 22, 2014

By JOE McDONALD, AP Business Writer

BEIJING (AP) — Tesla Motors Inc. delivered its first eight electric sedans to customers in China on Tuesday and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can.

Tesla probably will invest ...

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Comcast 1Q earns surge on upbeat NBC results

Apr 22, 2014

PHILADELPHIA (AP) — Comcast Corp. said Tuesday that its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight Show."

The results beat Wall Street estimates and its ...

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Stocks edge higher as more earnings roll in

Apr 22, 2014

NEW YORK (AP) — Stocks are moving higher in early trading as investors assess more corporate earnings.

Netflix rose 7 percent after the online video streaming service said its first-quarter earnings soared.

Botox maker Allergan surged 15 percent after Valeant Pharmaceuticals said that it had ...

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