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Alcoa helps lift market after 2 days of declines

Jul 9, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — Corporate earnings season got off to a positive start Wednesday, helping lift the stock market after two days of declines.

The market opened higher and remained modestly higher throughout the day. Stocks climbed further after the Federal Reserve ...

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American Apparel to get financing

Jul 9, 2014

By ANNE D'INNOCENZIO, AP Retail Writer

NEW YORK (AP) — American Apparel Inc. announced late Wednesday it had reached a deal with investment firm Standard General to receive an investment of up to $25 million to bolster the clothing chain's finances. It will also mean a shake-up in the board.

The ...

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Fed split on signals for first rate increase

Jul 9, 2014

By MARTIN CRUTSINGER, AP Economics Writer

WASHINGTON (AP) — Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost ...

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Improper payments by federal government top $100B

Jul 9, 2014

By STEPHEN OHLEMACHER, Associated Press

WASHINGTON (AP) — Tax credits for families that don't qualify. Medicare payments for treatments that might not be necessary. Unemployment benefits for people who are secretly working. Federal agencies reported making $100 billion in payments last year to ...

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More flights arriving late; complaints are rising

Jul 9, 2014

WASHINGTON (AP) — More flights on U.S. airlines are running late or getting canceled, and complaints are rising.

The Transportation Department said Wednesday that 76.9 percent of flights arrived on time in May, down from 79.6 percent in April and 79.4 percent in May 2013.

Hawaiian Airlines and ...

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Recipe for higher sales: Add fiber, cinnamon

Jul 9, 2014

By CANDICE CHOI, AP Food Industry Writer

NEW YORK (AP) — General Mills hopes a pinch of cinnamon and a dash of fiber will be a recipe for stronger sales.

The Minneapolis-based company is doing things like adding more cinnamon to its Cinnamon Toast Crunch cereal and rolling out fiber-packed "better ...

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Hawaiian Airlines keeps top spot in on-time list

Jul 9, 2014

By The Associated Press

Here are the government's rankings of the leading airlines and their on-time performance in May. Some airlines, including Spirit and Allegiant, are not included because they operate fewer flights. The federal government counts a flight as on-time if it arrives within 14 ...

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Mexico passes tough restrictions on telecoms

Jul 9, 2014

MEXICO CITY (AP) — The lower house of Mexico's Congress approved tough restrictions on dominant companies in the country's telephone and television sectors early Wednesday after 20 hours of debate and discussion.

The new rules must still be signed into law, but they have already forced the ...

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Sigourney Weaver reprises 'Alien' role in new game

Jul 9, 2014

By DERRIK J. LANG, AP Entertainment Writer

BEVERLY HILLS, Calif. (AP) — Sigourney Weaver and the cast of "Alien" are virtually returning to the starship Nostromo.

The actress who portrayed unflappable officer Ellen Ripley in the "Alien" film franchise is reprising her role in "Alien: Isolation," an ...

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Ukrainian charged with Russian journalists' deaths

Jul 9, 2014

By NATALIYA VASILYEVA, Associated Press

MOSCOW (AP) — A Ukrainian air force pilot who was captured by separatist rebels last month has been arrested in Russia and charged with abetting the killing of two Russian journalists, Russian officials said on Wednesday.

Ukraine has been rocked by fighting ...

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Both rivals claim victory in Indonesian election

Jul 9, 2014

By NINIEK KARMINI, Associated Press

JAKARTA, Indonesia (AP) — The rival candidates in Indonesia's presidential election each claimed victory Wednesday, raising uncertainty about the political and legal landscape in a nation that made the transition from dictatorship to democracy less than two ...

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Markets steady as Wall Street recovers its poise

Jul 9, 2014

By PAN PYLAS, Associated Press

LONDON (AP) — Stock markets in Europe steadied Wednesday as Wall Street opened solidly following positive earnings news from aluminum company Alcoa.

The company reported better than expected results in an after-hours statement Tuesday. Alcoa traditionally kicks off ...

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Greece to test bond market again with new issue

Jul 9, 2014

By NICHOLAS PAPHITIS, Associated Press

ATHENS, Greece (AP) — Bailed-out Greece said Wednesday it will tap bond markets again soon, building on its success in April to return to debt markets after a forced four-year absence due to its financial turmoil.

Borrowing rates have dropped recently for many ...

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China, US differ on global plan to cut emissions

Jul 9, 2014

By LOUISE WATT, Associated Press

BEIJING (AP) — China and the United States took small steps toward their shared goal of fighting climate change on Wednesday, but the world's No. 1 and No. 2 carbon emitters remain significantly apart over a wider global plan to cut emissions.

China's chief climate ...

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US stocks creep higher after two days of losses

Jul 9, 2014

NEW YORK (AP) — Stocks are edging higher in early trading after corporate earnings got off to an encouraging start.

The early gains Wednesday follow two days of losses for major U.S. indexes.

Alcoa rose 3 percent after reporting earnings the night before that were better than investors were ...

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China says it's up to US to drive global economy

Jul 9, 2014

BEIJING (AP) — China's finance minister says that the country is not planning any new stimulus measures and it is up to the United States to drive the global economy.

Lou Jiwei said Wednesday that leaders are satisfied with the country's economic performance so far this year and said in the first ...

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Germany's Lufthansa plans long-haul budget airline

Jul 9, 2014

BERLIN (AP) — Germany's Lufthansa says it plans to expand its budget airline operation to offer long-haul flights, possibly in cooperation with Turkish Airlines.

Deutsche Lufthansa AG, Germany's biggest airline, has been trying to cut costs amid tough competition from European budget carriers and ...

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French financier to head Vatican bank

Jul 9, 2014

By FRANCES D'EMILIO, Associated Press

VATICAN CITY (AP) — The Vatican has chosen a French financier to become the new president of its bank, which is overhauling the way it operates after a series of financial scandals.

As widely expected, the Vatican announced Wednesday it had tapped Jean-Baptiste ...

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US students in middle of pack on financial knowhow

Jul 9, 2014

By JENNIFER C. KERR, Associated Press

WASHINGTON (AP) — The United States runs in the middle of the pack when it comes to the financial knowledge and skills of 15-year-old boys and girls, according to an international study released Wednesday.

China's financial hub of Shanghai had the highest ...

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Oil prices steady ahead of US stockpiles data

Jul 9, 2014

By The Associated Press

Oil prices were steady Wednesday ahead of the release of figures on U.S. stockpiles of crude and refined fuels that will be a key indicator of expected demand.

Benchmark U.S. crude for August delivery was down 5 cents at $103.35 a barrel at 0805 GMT in electronic trading on ...

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