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Whirlpool buys big stake in Italy's Indesit

Jul 11, 2014

BENTON HARBOR, Mich. (AP) — Whirlpool will pay more than $1 billion for a controlling stake in Indesit, the appliance maker's counterpart in Italy.

The deal announced Friday will put the U.S. company in possession of shares representing 66.8 percent of Indesit's voting stock. Whirlpool, which also ...

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Chrysler recalls 651,000 SUVs for mirror lights

Jul 11, 2014

NEW YORK (AP) — Chrysler says it is recalling 651,000 Jeep and Dodge SUVs in the U.S. because vanity mirror lights that have undergone repairs can short circuit and start a fire if not reassembled correctly.

The recall is for certain 2011 to 2014 Jeep Grand Cherokee and Dodge Durango models.

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NHTSA to investigate fatal truck tank explosion

Jul 11, 2014

By The Associated Press

The National Highway Traffic Safety Administration says it will probe a fatal, truck explosion that happened last spring when a forklift pierced the vehicle's natural gas fuel tank.

The federal agency says the April 3 accident happened in Howard, Wisconsin, when a Daimler ...

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Inventor pushes solar panels for roads, highways

Jul 11, 2014

By NICHOLAS K. GERANIOS, Associated Press

SPOKANE, Wash. (AP) — The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops. They are meant for roads, driveways, parking lots, bike trails and, eventually, highways.

Brusaw, an electrical engineer, says the hexagon-shaped ...

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Tobacco firms Reynolds, Lorillard in merger talks

Jul 11, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

RICHMOND, Va. (AP) — Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's biggest tobacco companies.

The announcement follows media reports over the past few ...

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Imperial in talks over Reynolds, Lorillard brands

Jul 11, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

RICHMOND, Va. (AP) — Imperial Tobacco Group PLC says it's in discussions with U.S. cigarette makers Reynolds American Inc. and Lorillard Inc. to acquire some of their brands and assets amid talks of a possible merger.

The statement Friday follows media ...

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China tells reporters to work within state media

Jul 11, 2014

By DIDI TANG, Associated Press

BEIJING (AP) — Chinese regulators have banned the country's journalists from sharing information they have obtained on the job with overseas media or publishing it in any venue, such as blogging sites, outside the media they are employed, in a move that critics say ...

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Cleanup area extends nearly 2 miles after ND spill

Jul 10, 2014

By JOSH WOOD and JAMES MacPHERSON, Associated Press

MANDAREE, N.D. (AP) — The path of brine spilled from an underground North Dakota pipeline extends nearly 2 miles down a steep ravine, but dead vegetation is limited to about 200 yards from the source of the spill, a company official said Thursday.

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Questions and answers about saltwater spills

Jul 10, 2014

By JOHN FLESHER, AP Environmental Writer

An estimated 1 million gallons of saltwater generated by oil drilling has leaked from a North Dakota pipeline, company and tribal officials say, and federal authorities are investigating whether any of the liquid reached Lake Sakakawea, one of the nation's ...

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UAW: 'Consensus' Reached With Volkswagen on Union

Jul 10, 2014

By ERIK SCHELZIG, Associated Press

NASHVILLE, Tenn. (AP) — United Auto Workers leaders said Thursday they have reached a "consensus" with Volkswagen and expect the German automaker to recognize the union if they sign up enough workers at a new local for the company's assembly plant in Tennessee.

The ...

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Aereo presses case despite Supreme Court setback

Jul 10, 2014

By ANICK JESDANUN, AP Technology Writer

NEW YORK (AP) — Aereo, the television-over-the-Internet service that suspended operations after the Supreme Court ruled against it, is refusing to disband for good.

The company is now using the Supreme Court's own language to force broadcasters to treat it just ...

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California man sentenced to 15 years for espionage

Jul 10, 2014

By PAUL ELIAS, Associated Press

OAKLAND, Calif. (AP) — A federal judge on Thursday sentenced a California chemical engineer to 15 years in prison and fined him $28.3 million for a rare economic-espionage conviction for selling China a secret recipe to a widely used white pigment.

U.S. District ...

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European banking scare sends stocks lower

Jul 10, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell stocks and snap up less risky assets like gold and governments bonds.

Fears emerged overnight about the financial stability of ...

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Portuguese bank fears rekindle euro market tension

Jul 10, 2014

By BARRY HATTON, Associated Press

LISBON, Portugal (AP) — The specter of Europe's financial crisis is back to haunt investors.

Worries over the health of Portugal's biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout ...

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US stocks end lower after bank scare in Europe

Jul 10, 2014

NEW YORK (AP) — U.S. stocks are ending lower as fears about the health of a European bank weigh on the market.

The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,915 Thursday. The Standard & Poor's 500 index slipped eight points, or 0.4 percent, to 1,964. The Nasdaq ...

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FTC sues Amazon over kids' app charges

Jul 10, 2014

NEW YORK (AP) — The Federal Trade Commission is suing Amazon over charges that the company has not done enough to prevent children from making unauthorized in-app purchases, according to a complaint filed Thursday in federal court.

The move had been expected since last week, when Amazon said it ...

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France pleads for new EU economic strategy

Jul 10, 2014

PARIS (AP) — France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity measures.

Arnaud Montebourg, in a closely watched speech Thursday on economic recovery, also suggested France may ...

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Market mood turns sour amid Portugal tensions

Jul 10, 2014

By PAN PYLAS, AP Business Writer

LONDON (AP) — Renewed financial jitters in Europe and the failure of U.S. indexes to break through key thresholds weighed on markets Thursday as investors grew skeptical over the outlook for stocks.

In Europe, sentiment took a hit after worries over the health of ...

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Boeing raises forecast for new airplane demand

Jul 10, 2014

By The Associated Press

CHICAGO (AP) — Boeing Co. raised its long-term forecast for new airplane demand by more than 4 percent, based on expected orders of smaller, more fuel-efficient planes and burgeoning travel in Asia.

The Chicago company said Thursday that it expects deliveries of 36,770 new ...

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US wholesalers slow restocking as sales weaken

Jul 10, 2014

By CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON (AP) — U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales.

Wholesale stockpiles grew 0.5 percent in May, the Commerce Department said Thursday, down from a 1 ...

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