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Oil prices continue to fall as supplies grow

Jul 10, 2014

By PABLO GORONDI, Associated Press

The price of oil continued to fall Thursday, trading below $102 a barrel as the outlook for supply remained robust.

By early afternoon in Europe, benchmark U.S. crude for August delivery was down 34 cents to $101.95 a barrel in electronic trading on the New York ...

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US, China talk cyberhacking amid new allegations

Jul 10, 2014

By BRADLEY KLAPPER and LOUISE WATT, Associated Press

BEIJING (AP) — Top American officials said Thursday they challenged their counterparts in China to rein in alleged cybersecurity infringements as a new allegation emerged of a brazen attempt by Chinese hackers to break into U.S. government ...

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India's new government unveils growth budget

Jul 10, 2014

By KAY JOHNSON, AP Business Writer

MUMBAI, India (AP) — India's new government introduced a reform-minded budget Thursday, telegraphing a contentious overhaul of populist subsidies and vowing to lift economic growth to rates of 7-8 percent by spending billions of dollars on infrastructure.

The budget ...

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Indians balk at $33 million statue in new budget

Jul 10, 2014

By MUNEEZA NAQVI, Associated Press

NEW DELHI (AP) — In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees ($33 million) for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.

The plans in ...

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Boeing raises forecast for new airplane demand

Jul 10, 2014

By The Associated Press

CHICAGO (AP) — Boeing raised its long-term forecast for new airplane demand by more than 4 percent, and it's smaller aircraft and orders from the Asia-Pacific region that are driving growth.

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

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Indonesia deadlock: court may decide new president

Jul 10, 2014

By MARGIE MASON, Associated Press

JAKARTA, Indonesia (AP) — A day after Indonesia's presidential elections failed to produce a clear winner, Jakarta's police chief promised to prevent violence by cracking down on anyone celebrating prematurely. With both candidates continuing to claim victory, the ...

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More 'headline-grabbing' corporate deals expected

Jul 10, 2014

By PAN PYLAS, Associated Press

LONDON (AP) — More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.

That's the conclusion of a survey by business consulting firm EY, which says the value of ...

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Global stocks mixed, Indonesia up after election

Jul 10, 2014

By YOUKYUNG LEE, AP Business Writer

SEOUL, South Korea (AP) — Global markets were mixed Thursday with a slight pickup in China's exports failing to give a lift to European stocks after most Asian indexes closed up. Indonesian stocks surged despite a contested presidential election result.

European ...

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Apple wins EU court case on store design trademark

Jul 10, 2014

BRUSSELS (AP) — The European Union's highest court says Apple's characteristic retail store layout may be registered as a trademark.

The Court of Justice on Thursday overturned a decision by German patent authorities which last year rejected an application to grant copyright protection to Apple's ...

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Top Army brass defend troubled intelligence system

Jul 10, 2014

By KEN DILANIAN, AP Intelligence Writer

WASHINGTON (AP) — When Gen. John Campbell, the Army's vice chief of staff, appeared last year at a budget hearing on Capitol Hill, he cited his son's experiences as a soldier in Afghanistan to answer a senator's tough questions about a troubled intelligence ...

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California man faces prison for economic espionage

Jul 10, 2014

By PAUL ELIAS

OAKLAND, Calif. (AP) — A Northern California chemical engineer is facing more than 20 years in prison for a rare economic-espionage conviction for selling to China the technology that creates a white pigment.

A jury convicted Walter Liew, 56, of selling DuPont Co.'s secret recipe for ...

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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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