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Servier, lab founder in drug scandal, dies at 92

Apr 17, 2014

PARIS (AP) — Jacques Servier, the founder of France's second-largest pharmaceutical group who became ensnared in a scandal over a diabetes drug widely used for weight loss, has died.

Servier Research Group announced the death of 92-year-old Servier late Wednesday.

Servier and his lab were at the ...

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Let's defend 'Obamacare,' some Democrats say

Apr 17, 2014

By CHARLES BABINGTON and RICARDO ALONSO-ZALDIVAR, Associated Press

WASHINGTON (AP) — Some Democrats say it's time to stop hiding from the president's health care overhaul — even in this year's toughest Senate elections — given that enrollments are higher than expected and costs are lower.

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Asia stocks subdued, Nikkei weak on profit taking

Apr 17, 2014

By KELVIN CHAN, AP Business Writer

HONG KONG (AP) — Asian stock markets were subdued on Thursday, with Japan's Nikkei faltering as investors locked in profits after a strong rally.

Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's central bank ...

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Chinese auto brands limp into Beijing show

Apr 17, 2014

By JOE McDONALD, AP Business Writer

BEIJING (AP) — China's automakers are the underdogs heading into next week's Beijing auto show, where foreign and domestic brands will jostle for attention in a market that is increasingly difficult for homegrown models.

Facing intense competition from General ...

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Asia stocks fail to match Wall Street gains

Apr 16, 2014

By KELVIN CHAN, AP Business Writer

HONG KONG (AP) — Asian stock markets were mostly lower Thursday, with Japan's Nikkei leading the retreat as investors locked in profits after a strong rally.

Profit taking set in following a sharp rise in Tokyo the day before and as comments from the country's ...

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Pro-Russian gunmen make inroads in eastern Ukraine

Apr 16, 2014

By YURAS KARMANAU, Associated Press

SLOVYANSK, Ukraine (AP) — The well-armed, Moscow-backed insurgency sowing chaos in eastern Ukraine scored a new victory Wednesday, seizing armored vehicles and weapons from underequipped government forces, then rolling through two cities to a hero's welcome.

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Home sales of $10 million rise in Connecticut town

Apr 16, 2014

By JOHN CHRISTOFFERSEN, Associated Press

NEW HAVEN, Conn. (AP) — Connecticut's Gold Coast is living up to its name, with a record $120 million sale of a waterfront estate in Greenwich leading an increase in sales of homes for more than $10 million.

Five homes sold this year for more than $10 ...

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Hot models at this year's New York Auto Show

Apr 16, 2014

By DEE-ANN DURBIN, AP Auto Writer

NEW YORK (AP) — With more than 1 million visitors annually, the New York International Auto Show is one of the most important shows for the U.S. auto industry. Here are some of the vehicles debuting this year. The show opens to the public Friday.

ACURA TLX: Honda's ...

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Obama, Biden announce $600M for job grants

Apr 16, 2014

By DARLENE SUPERVILLE, Associated Press

OAKDALE, Pa. (AP) — Emphasizing skills training as key to a growing middle class, President Barack Obama on Wednesday announced $600 million in competitive grants to spur creation of targeted training and apprenticeship programs to help people land good-paying ...

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US stocks close higher for third day in a row

Apr 16, 2014

By ALEX VEIGA, AP Business Writer

Investors drove stock prices to their highest level in a week Wednesday, encouraged by a crop of corporate earnings and reassuring U.S. and Chinese economic data.

Major U.S. stock indexes notched their third day of gains in a row. Yahoo and Delta Air Lines were among ...

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IBM posts lower 1Q earnings amid hardware slump

Apr 16, 2014

By BARBARA ORTUTAY, AP Technology Writer

NEW YORK (AP) — IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.

IBM Corp. said Wednesday that it ...

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Google's 1Q earnings disappoint as ad prices slip

Apr 16, 2014

SAN FRANCISCO (AP) — Google's first-quarter earnings growth faltered as the Internet company dealt with a persistent downturn in advertising prices while spending more money to hire more employees and invest in daring ideas.

The results announced Wednesday fell below analyst projections. Google's ...

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Toyota Camry gets a top-to-bottom makeover

Apr 16, 2014

By DEE-ANN DURBIN, AP Auto Writer

NEW YORK (AP) — Shaken by the advances of newer, sportier rivals, the Toyota Camry is trying to shed its vanilla reputation.

The redesigned 2015 Camry, unveiled Wednesday at the New York International Auto Show, is longer and wider, with a large, aggressive grille ...

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Some exempted from minimum wage, increased or not

Apr 16, 2014

WASHINGTON (AP) — Some workers won't benefit even if a long-shot Democratic proposal to raise the federal minimum wage becomes law.

That's because more than a dozen categories of jobs are exempt from the hourly minimum, currently $7.25.

Those exclusions run from some workers with disabilities to ...

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Former Anglo Irish Bank chairman cleared of fraud

Apr 16, 2014

By GREGORY KATZ, Associated Press

LONDON (AP) — A jury Wednesday cleared former Anglo Irish Bank chairman Sean FitzPatrick of all fraud charges related to a loans-for-shares scheme that preceded the bank's 2009 collapse.

The 65-year-old FitzPatrick had denied providing illegal financial help to ...

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US factory output extended solid gains in March

Apr 16, 2014

By JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — U.S. factory output rose further last month, extending strong growth from February after harsh weather had caused production to tumble in January. Manufacturers produced more furniture, clothing, chemicals and aerospace products.

The Federal ...

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US home building up in March after frigid winter

Apr 16, 2014

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — U.S home construction rose moderately in March as builders resumed work at the end of a frigid winter. But applications for building permits slid, clouding the outlook for future construction.

Builders started work on 946,000 homes at a ...

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Ford to offer 50th anniversary Mustang

Apr 16, 2014

NEW YORK (AP) — Ford is building a limited-edition Mustang GT to honor the pony car's 50th anniversary.

The company will only build 1,964 special cars, honoring the year the Mustang first went on sale.

The 50 Year Limited Edition will come in one of the two colors of Ford's logo: white or blue.

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France targets welfare for big spending cuts

Apr 16, 2014

PARIS (AP) — France's prime minister has announced plans to cut 21 billion euros ($29 billion) from pensions, social care and health care as a part of a 50-billion-euro effort to rein in the country's debt and deficit.

Manuel Valls on Wednesday detailed the government plan to cut 10 billion euros ...

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Bank of America posts loss, hurt by legal expenses

Apr 16, 2014

CHARLOTTE, N.C. (AP) — Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal expenses.

The Charlotte, N.C., bank reported a loss applicable to common shareholders of $514 million. That's compares with earnings of $1.11 billion a year earlier.

The ...

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