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Vermont moves toward labeling of GMO foods

Apr 24, 2014

By LISA RATHKE and DAVE GRAM, Associated Press

MONTPELIER, Vt. (AP) — Vermont lawmakers have passed the country's first state bill to require the labeling of genetically modified foods as such, setting up a war between powerful lobbyists for the behemoth U.S. food industry and an American public ...

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Wyoming gas explosion prompts evacuation of town

Apr 24, 2014

OPAL, Wyo. (AP) — Residents and emergency crews were waiting for a fire to burn itself out after an explosion at a natural gas processing plant in a small town in southwestern Wyoming.

No injuries were reported in the explosion Wednesday in Opal, a town of about 95 people about 100 miles northeast ...

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China to open 8 state industries for investment

Apr 24, 2014

By JOE McDONALD, AP Business Writer

BEIJING (AP) — China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more productive.

The announcement late Wednesday is the latest in a series of policy ...

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Asian stocks mixed on Obama visit, US dip

Apr 23, 2014

By The Associated Press

TOKYO (AP) — Asian shares lacked a clear direction in early Thursday trading as players took a mostly wait-and-see view ahead of talks between Japan's prime minister and visiting President Barack Obama.

Adding to the mixed view was the fall on Wall Street overnight, despite ...

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Apple increases stock buyback, will split stock

Apr 23, 2014

By MICHAEL LIEDTKE, AP Technology Writer

SAN FRANCISCO (AP) — Apple is diverting more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing growth and pace of innovation.

The moves ...

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Buffett disapproves of Coca-Cola's pay plan

Apr 23, 2014

By CANDICE CHOI and JOSH FUNK, AP Business Writers

NEW YORK (AP) — Warren Buffett says he disapproves of Coca-Cola's highly contested pay plan for its executives.

Buffett, whose company is the beverage maker's largest shareholder, called the plan "excessive" in an interview on CNBC after it was ...

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US stocks edge lower after a six-day rise

Apr 23, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors were disappointed by the latest round of earnings from U.S. companies.

A surprise drop in new home sales also weighed on the broader market.

The Standard & Poor's 500 ...

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Facebook 1Q results soar; CFO to step down

Apr 23, 2014

NEW YORK (AP) — Facebook's first-quarter earnings and revenue grew sharply, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue.

The social network said Wednesday that it earned $642 million, or 25 cents per share, in the January-March quarter, up from ...

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Amazon snares classic shows in deal with HBO

Apr 23, 2014

By BARBARA ORTUTAY and MICHELLE CHAPMAN, AP Business Writers

NEW YORK (AP) — Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable network.

Starting on May 21, Amazon ...

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First lady announces one-stop job site for vets

Apr 23, 2014

By BRETT BARROUQUERE and JIM KUHNHENN, Associated Press

FORT CAMPBELL, Ky. (AP) — First lady Michelle Obama has announced a new online effort to link soldiers leaving the military with jobs that match their skill sets.

She said Wednesday that the new Veterans Employment Center provides one-stop ...

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Wellness programs grow more popular with employers

Apr 23, 2014

By TOM MURPHY and CATHERINE LUCEY, Associated Press

That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder with a looming change under the federal health care overhaul.

More companies are starting or ...

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Microsoft expands ad-free Bing search for schools

Apr 23, 2014

LOS ANGELES (AP) — Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is now available to all U.S. schools, public or private, from ...

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Sales of new US homes plunge 14.5 percent in March

Apr 23, 2014

By JOSH BOAK, AP Economics Writer

WASHINGTON (AP) — The number of Americans buying new homes plummeted in March to the slowest pace in seven months, a sign that real estate's spring buying season is off to a weak start.

The Commerce Department said Wednesday that sales of new homes declined 14.5 ...

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Spacious new Heathrow Terminal 2 set for opening

Apr 23, 2014

By GREGORY KATZ, Associated Press

LONDON (AP) — The rundown, overcrowded Terminal 2 at London's sprawling Heathrow Airport is long gone, about to be replaced by a spacious new building built to handle 20 million passengers each year.

The new facility was hailed as a cornerstone of Heathrow's ...

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Delta navigates nasty winter, tops profit forecast

Apr 23, 2014

By DAVID KOENIG, AP Airlines Writer

DALLAS (AP) — Delta Air Lines Inc. is making more money by filling more seats on its planes and paying a bit less for fuel.

Delta's first-quarter profit beat expectations and underscored how most big airlines are prospering with a combination of strong business ...

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Europe recovery shows signs of strengthening

Apr 23, 2014

By DAVID McHUGH, AP Business Writer

FRANKFURT, Germany (AP) — A closely watched survey has found business activity across the 18-country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum.

Analysts say Wednesday's positive data ...

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Norfolk Southern railroad 1Q profit falls 18 pct

Apr 23, 2014

OMAHA, Neb. (AP) — Norfolk Southern Corp.'s first-quarter profit fell 18 percent as severe winter weather slowed shipments and the railroad delivered 1 percent less freight overall.

The Norfolk, Virginia, based railroad said Wednesday it earned $368 million, or $1.17 per share, during the ...

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Yields fall sharply in Portuguese debt auction

Apr 23, 2014

By BARRY HATTON, Associated Press

LISBON, Portugal (AP) — Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction Wednesday.

The government debt agency said it raised 750 million euros ($1 ...

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France raises deficit forecasts amid low growth

Apr 23, 2014

PARIS (AP) — The French government has raised its public deficit forecasts amid slow growth, but is still pledging to meet the European Union deficit target of 3 percent next year.

A plan aimed at reducing France's debt over the next three years was presented Wednesday during a Cabinet meeting. It ...

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Procter & Gamble 3Q profit edges up, revenue slips

Apr 23, 2014

CINCINNATI (AP) — Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products.

The world's largest consumer product maker's adjusted earnings topped analysts' estimates, but revenue fell short. The ...

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