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Engineering company Aecom to buy URS for $4B

Jul 13, 2014

LOS ANGELES (AP) — Engineering design company Aecom Technology Corp. says it is buying URS Corp. for $4 billion in cash and stock, or about $56.31 per URS share.

The price is 8 percent above URS's closing stock price Friday.

The California-based companies said Sunday the combination was necessary ...

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'Planet of the Apes' thumps chest with $73M debut

Jul 13, 2014

By JAKE COYLE, AP Film Writer

NEW YORK (AP) — "Dawn of the Planet of the Apes" thumped its chest at the box office with a $73 million opening weekend.

According to studio estimates Sunday, Fox's "Planet of the Apes" sequel road excellent reviews and high anticipation to one of the summer's best ...

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Chinese firm buys UK's Pizza Express chain

Jul 13, 2014

LONDON (AP) — Pizza Express, one of Britain's best-known chain restaurants, has been sold to a Chinese private equity firm for about 900 million pounds ($1.5 billion.)

Gondola Group, which also owns other British restaurant chains, said it agreed to the sale with Hony Capital on Saturday in the ...

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US, Germany vow cooperation despite espionage spat

Jul 13, 2014

By BRADLEY KLAPPER, Associated Press

VIENNA (AP) — The United States and Germany are vowing to work closely together on global matters despite strains in their relationship linked to recent espionage accusations.

U.S. Secretary of State John Kerry and German Foreign Minister Frank-Walter Steinmeier ...

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Chinese officials will buy more electric cars

Jul 13, 2014

BEIJING (AP) — China says at least 30 percent of newly purchased government cars will be electric and other types of "new energy vehicles" as it attempts to tackle air pollution and encourage the electric car market.

The official Xinhua News Agency was quoting a joint plan from government ...

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Tracy Morgan released from rehab month after crash

Jul 12, 2014

By BRUCE SHIPKOWSKI, Associated Press

TRENTON, N.J. (AP) — Former "Saturday Night Live" star Tracy Morgan has been released from a rehabilitation facility as he heals from serious injuries he suffered in a car crash that left a fellow comedian dead, his spokesman said Saturday.

Morgan will continue ...

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Owners of Trump Plaza casino expect it will close

Jul 12, 2014

By WAYNE PARRY, Associated Press

ATLANTIC CITY, N.J. (AP) — Atlantic City's crumbling casino market disintegrated even further Saturday as the owners of the Trump Plaza casino in Atlantic City said they expect to shut down in mid-September.

Trump Entertainment Resorts told The Associated Press that ...

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Taking to the sky: Airshow ready for take off

Jul 12, 2014

By DANICA KIRKA, Associated Press

LONDON (AP) — A lot is at stake in the Farnborough International Airshow, the aviation industry's biggest annual event, which opens Monday.

The trade show is expected to see the first presentation of the world's most advanced fighter jet, new commercial aircraft as ...

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LeBron James returns to Cavs: 'I'm coming home'

Jul 12, 2014

By TOM WITHERS, AP Sports Writer

CLEVELAND (AP) — If LeBron James was going to win another NBA title, heal broken hearts and continue building his legacy, he knew there was only one place to go.

To Ohio. Home.

Four years after he left for Miami, a widely criticized departure that damaged his image and ...

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Chinese man accused of hacking into US computers

Jul 11, 2014

By JULIE WATSON, Associated Press

SAN DIEGO (AP) — U.S. authorities have charged a Chinese businessman with hacking into the computer systems of U.S. companies with large defense contracts, including Boeing, to steal data on military projects, including some of the latest fighter jets, officials ...

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Stocks stabilize, but end down for the week

Jul 11, 2014

By STEVE ROTHWELL, AP Markets Writer

NEW YORK (AP) — U.S. stocks stabilized and ended with a small gain Friday, but it wasn't enough to prevent the market's biggest weekly drop since April.

Investors became more cautious this week as corporate earnings for the April-June period began trickling in.

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Appeals court upholds EPA's mining restraints

Jul 11, 2014

WASHINGTON (AP) — A federal appeals court on Friday upheld the Obama administration's environmental protections designed to reduce water pollution from mountaintop-removal coal mining.

In a 3-0 decision, the U.S. Court of Appeals for the District of Columbia Circuit said the Environmental ...

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Lawmakers seek lower price for bill on vets' care

Jul 11, 2014

By MATTHEW DALY and ANDREW TAYLOR, Associated Press

WASHINGTON (AP) — Stung by sticker shock, members of Congress are scrambling to lower the cost of a bill to fix veterans' health care amid a growing uproar over long waits for appointments and falsification of records to cover up the delays at ...

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World Cup online: Brazil's shock shatters records

Jul 11, 2014

By BARBARA ORTUTAY, AP Technology Writer

NEW YORK (AP) — As the World Cup neared its end this week, Twitter had a field day with Brazil's humiliating 7-1 loss to Germany in the semifinals, which became the most-discussed sports game in the social network's history.

While Germany barreled down on a ...

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San Francisco parking spot app shuts down service

Jul 11, 2014

By TERRY COLLINS, Associated Press

SAN FRANCISCO (AP) — An Italian company whose mobile app allows San Francisco drivers to get paid for the public parking spaces they exit has temporarily shut down the service following an order from the city attorney.

Despite saying last month that it wouldn't ...

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White House: 2014 deficit to drop $100B

Jul 11, 2014

By ANDREW TAYLOR, Associated Press

WASHINGTON (AP) — The White House said Friday that the federal government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure.

Last year's deficit was $680 billion. The latest update from the White House budget ...

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US records $71 billion budget surplus in June

Jul 11, 2014

By JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — The U.S. government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

The Treasury Department says the June surplus totaled $71 billion, following a $130 billion deficit in May. The ...

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Amazon asks FAA for permission to fly drones

Jul 11, 2014

By MAE ANDERSON, AP Business Writer

NEW YORK (AP) — Amazon is asking the Federal Aviation Administration permission to use drones as part of its plan to deliver packages to customers in 30 minutes or less.

The news sent Amazon's shares up nearly 5 percent in midday trading.

The online retailer ...

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Tobacco firms Reynolds, Lorillard in merger talks

Jul 11, 2014

By MICHAEL FELBERBAUM, AP Tobacco Writer

RICHMOND, Va. (AP) — Big Tobacco may soon get smaller.

The makers of Camel and Newport cigarettes said Friday they are in talks to combine two of the nation's oldest and biggest tobacco companies. A deal between Reynolds American Inc. and Lorillard Inc. would ...

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House votes to make business tax break permanent

Jul 11, 2014

By STEPHEN OHLEMACHER, Associated Press

WASHINGTON (AP) — The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year.

The tax break allows ...

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