Business & economy news - KULR-8 Television, Billings, MT

US economy grew at strong 4 percent rate in spring

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After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending, the Commerce Department reported... More>>

Hyundai recalls 883K Sonatas to fix gear shifters

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Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers. More>>

Revised data: US grew faster in 2nd half of 2013

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Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show. More>>

Russia counts cost of new US, EU sanctions

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Russia was counting the potential cost of Western sanctions targeting its key energy and finance sectors on Wednesday, with the central bank promising to support lenders hit with penalties. More>>

Survey: US companies add 218,000 jobs in July

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A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. More>>

Europe shares drift ahead of US data; Asia gains

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World markets were mostly higher Wednesday ahead of U.S. economic data, while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian stocks. More>>

Amazon to invest $2 bln to expand in India

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The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees. More>>

As Fed meets, key issues likely to stay unanswered

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The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: More>>

Microsoft spreads Cortana abroad in Windows Phone

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Microsoft is spreading its Cortana digital assistant abroad, starting with China and the U.K. More>>

WellPoint 2Q tops Wall Street expectations

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WellPoint's second-quarter profit fell 8.6 percent as expenses tied to changes in the nation's health care laws climbed. More>>

US economy likely showed big rebound last quarter

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After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year. More>>

The man responsible for Hilton's grand turnaround

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Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. More>>

Barclays chief applauds claw-back idea on bonuses

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The CEO of Barclays said having provisions to claw back bankers' bonuses, as outlined by regulators on Wednesday, is a good idea in principle. More>>

Britain to test driverless cars next year

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British officials says driverless cars will be tested on roads in as many as three cities in a trial program to begin in January More>>

Spanish, Catalonia leaders meet on secession push

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Spanish Prime Minister Mariano Rajoy and the leader of the economically powerful Catalonia region held a crucial face-to-face meeting Wednesday in what could be a last chance to resolve a bitter dispute over the... More>>

Airbus expects stable revenue despite order loss

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European aerospace company Airbus says it expects its revenue to remain stable this year despite a big cancellation recently for some of its large A350 planes. More>>

Spain economic growth at fastest pace since 2007

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Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession. More>>

Senate tires of patching highway programs

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The Senate delivered an unexpectedly strong vote Tuesday in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs, a sign that Congress may have... More>>

Bank scandal tarnishes powerful Portuguese family

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Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence... More>>

Obama prods Congress to fix corporate loopholes

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President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him. More>>

German central bank chief: higher wages justified

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The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes, and is putting the potential for raises at 3 percent. More>>

Processing issue delays bar exam submissions

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Florida-based testing software provider ExamSoft Worldwide Inc. said a processing issue has caused delays for bar exam takers in multiple states who were submitting their answers. More>>

Terror threats at chemical plants underestimated

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The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to... More>>

Despite good news, benefit programs face problems

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Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward... More>>

West seeks to inflict more economic pain on Russia

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Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen... More>>

Twitter 2Q results soar, stock flies high

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The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter. More>>

Argentina, US bondholders meet as deadline looms

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Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be reached... More>>

Small cars fare poorly in crash tests

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The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of "good" in new frontal crash tests. More>>

PG&E charged with obstruction over San Bruno blast

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A federal grand jury charged Pacific Gas & Electric on Tuesday with lying to federal investigators in connection with a fatal pipeline explosion that killed eight people and leveled a suburban Northern California... More>>

Toyota remains at top in sales after first half

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Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal. More>>

5 food writers subpoenaed in 'pink slime' lawsuit

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Several food writers, including a New York Times reporter, have been subpoenaed by a meat producer as part of its $1.2 billion defamation lawsuit against ABC in regards to the network's coverage of a beef product... More>>

Senate passes highway bill, sends it back to House

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The Senate voted Tuesday to keep federal highway money flowing to the states into December but only after rejecting the House's reliance on what lawmakers called a funding "gimmick" and moving to force a post-election... More>>

$1,000 Sovaldi now hepatitis treatment of choice

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The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million. More>>

American Express 2Q profit rises 9 percent

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By ALEX VEIGA AP Business Writer American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover... More>>

US, Europe impose tough new sanctions on Russia

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Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks.... More>>

Clean-air rules assailed as too much, too little

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Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough. More>>

US bars Kurdish oil from entering Texas port

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The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a... More>>

OKCupid, Facebook not alone in studying consumers

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Think you're in control? Think again. More>>

How Asana hopes to purge the scourge of email

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By The Associated Press Associated Press Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important updates and... More>>

Stocks close lower ahead of economic reports

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The stock market is ending with a modest loss as investors wait for a series of big economic reports later in the week. More>>

Argentina fights with debt holdouts; default nears

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Argentina risks financial default unless it reaches an agreement with a group of holdout bondholders by Wednesday. Here are the issues at stake: More>>

Pfizer's 2Q profit sinks 79 pct but tops forecasts

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By LINDA A. JOHNSON AP Business Writer Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business... More>>

UBS sees profits rise, probed over trading system

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Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being... More>>

Study: 35 percent in US facing debt collectors

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More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute. More>>

London's iconic Gherkin building put up for sale

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One of London's most recognizable office buildings has been put up for sale. More>>

Cellphone unlocking set to become legal again

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Congress passed a bill Friday that makes it legal to "unlock" cellphones so the devices can -at least in some instances- be used on other carriers. More>>

Lyft says it's starting New York City service

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The on-demand ride-sharing app Lyft planned to start limited service in New York City on Friday night after reaching agreement with officials to resolve regulatory issues that prompted a lawsuit by the state. More>>

EU antitrust body clears Apple's $3bn Beats deal

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The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services. More>>

China investigating Microsoft in monopoly case

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China's anti-monopoly agency announced an investigation Tuesday of Microsoft Corp., stepping up regulatory pressure on foreign technology companies. More>>

AP PHOTOS: Coal-exporting town fights rising seas

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Norfolk is trapped between the causes and consequences of global warming. More>>

Corning donates $1.8M in parts for space telescope

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Corning Inc. has donated $1.8 million in high-tech components for a telescope a private group wants to launch into space. More>>

Fed is weighing key issues but may reveal little

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This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low. More>>

Aetna 2Q profit rises 2.4 percent

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By TOM MURPHY AP Business Writer Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer top expectations and raise its 2014 earnings forecast... More>>

Merck 2Q profit more than doubles

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By LINDA A. JOHNSON AP Business Writer A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts'... More>>

Report: More acidic seawater poses risks in Alaska

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The release of carbon dioxide into the air from power plant smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says. More>>

Jimmy Dean moves beyond breakfast for first time

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Jimmy Dean is coming to dinner - and lunch, too. More>>

US consumer confidence jumps to 90.9 in July

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U.S. consumers are more confident about the economy than they have been in nearly seven years. More>>

UPS 2Q profit drops, lowers outlook on spending

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UPS is willing to sacrifice some short-term profits to avoid a repeat of its failure last Christmas to deliver all packages on time. More>>

Virus drugmaker fights pediatricians' new advice

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A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine. More>>

US home price gains slow for 6th straight month

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U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season. More>>

Reynolds American 2Q profit climbs 6.7 percent

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Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold. More>>

US stocks inch higher ahead of economic reports

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The stock market is edging higher in early trading ahead of a string of U.S. and Chinese economic reports later this week. More>>

Suzuki recalls nearly 26,000 cars for fire risk

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Suzuki is recalling nearly 26,000 midsize cars in the U.S. because the daytime running light modules can overheat and could cause a fire. More>>

Waste Management selling subsidiary for $1.94B

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Waste Management is selling a subsidiary to Energy Capital Partners for $1.94 billion as part of its effort to focus on its core business. More>>

Reynolds American 2Q profit climbs 6.7 percent

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Reynolds American Inc. says its profit rose by 6.7 percent in its second quarter, topping analysts' expectations. More>>

Renault profits rise thanks to cost cuts

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French carmaker Renault says its profits in the first half of the year rose, partly thanks to lower costs as its revenue dropped. More>>

BP warns of impact of Russia sanctions on profits

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Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft. More>>

Deutsche Bank posts 29 percent drop in profit

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Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by higher taxes, declining revenue and political instability affecting financial markets. More>>

Senate Democrats seek to split GOP on export bank

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Familiar with the Export-Import Bank? In all likelihood, most voters in Louisiana and Virginia aren't either. More>>

Honda's quarterly profit up on Asian sales growth

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Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts. More>>

Asia stocks rise modestly ahead of US, China data

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Asian stock markets posted modest gains Tuesday as investors treaded cautiously ahead of U.S. and Chinese economic reports later this week. More>>

Darden CEO to step down amid Olive Garden troubles

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Darden Restaurants CEO and Chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following its contested sale of Red Lobster. More>>

Rule aims to help clear air around Grand Canyon

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The largest coal-fired power plant in the West will produce one-third less energy by 2020 and could close in 2044 under a proposal that the federal government adopted to cut haze-causing emissions of nitrogen oxide at... More>>

FAA proposes to fine Southwest Airlines $12M

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The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners. More>>

Clarification: Fast Food Workers-Convention story

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In a story July 26, The Associated Press reported that Latoya Caldwell, a mother of four from Kansas City, Missouri, who earns $7.50 an hour at a Wendy's restaurant, said she works six days a week to get 40 hours and... More>>

Medicare's own health looking better, report says

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Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement. More>>

House bill lets airlines advertise pre-tax fares

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In a victory for airlines and their workers' unions, the House rejected consumers' complaints and easily passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and... More>>

Stocks end little changed ahead of earnings rush

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U.S. stocks are ending little changed as traders wait for key economic and earnings reports later this week. More>>

Russia ordered to pay $50 billion over Yukos

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Russian President Vladimir Putin's government must pay $50 billion for using tax claims to destroy Yukos, once the country's largest oil producer, and its Kremlin-critical CEO, an international court has ruled. More>>

Dollar Tree steps up fight, buys Family Dollar

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The fight for penny pinchers is intensifying. More>>

Lloyds bank settles with US, UK over market fixing

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Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate. More>>

A look at how Dollar Tree, Family Dollar differ

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Dollar Tree is stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store category.... More>>

Red Lobster goes vertical on plate to push quality

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Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and stacking the food higher on plates, as is the style at fancier restaurants. More>>

US stocks fall at midday on cooling home sales

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U.S. stocks are slightly lower in midday trading after a report of sluggish sales in the housing market. More>>

Amazon shares fall on 2Q loss

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Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue. More>>

New Spain king moves to clean up palace's image

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Spain's royal palace accounts will be subject to external audits and the results made public under a series of measure ordered by new King Felipe VI in an apparent bid to clean up the royal family's tarnished image. More>>

Virgin America files plans for IPO

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Virgin America's next destination is Wall Street. More>>

Contracts to buy US homes slip in June

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Fewer Americans signed contracts to buy homes in June, as the real estate market appears to have cooled off this summer. More>>

Zillow buying Trulia to make real estate titan

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Real estate website operator Zillow is buying rival Trulia in a $3.5 billion deal that would make the biggest player in the online real estate market. More>>

German court receives suit against EU bank union

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A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the continent's... More>>

RPM Intl agrees to $797.5M deal on asbestos claims

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RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp. More>>

US stocks open mixed on Wall Street

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The stock market is opening mixed at the start of a busy week as a batch of merger announcements lift shares in Family Dollar and other companies. More>>

Tyson to sell Mexico, Brazil poultry operations

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Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands. More>>

Britain reopens way for fracking

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Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations. More>>

US companies increasingly fish for growth overseas

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Major U.S. companies are starting to reap their most rapid growth in fertile lands of opportunity far from home. More>>

Meat supplier: China unit fell short of standards

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A U.S. meat supplier said Monday a Chinese subsidiary embroiled in a safety scandal fell short of its requirements for maintaining high standards. More>>

Korean Air chief in line to lead Pyeongchang Games

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The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games. More>>

Nissan profit rises on strong sales, cheap yen

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Nissan's quarterly profit rose nearly 37 percent, helped by a favorable exchange rate and healthy sales in North America and China. More>>

Study: Embargo wouldn't hurt Russia

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An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday. More>>

EU hits Russian intelligence chiefs with sanctions

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The European Union on Friday extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine, official documents showed. More>>

Fukushima study: Think about unthinkable disasters

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A U.S. science advisory report says Japan's Fukushima nuclear accident offers a key lesson to the nation's nuclear industry: Focus more on the highly unlikely but worst case scenarios. More>>

Not in my backyard: US sending dirty coal abroad

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As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create... More>>

BSkyB to create multinational European TV network

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London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact on the media industry, giving... More>>

Comic-book convention organizers clash over name

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Organizers of two of the biggest comic-book conventions in the country are clashing over their names. More>>

US meat supplier in China withdraws products

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OSI Group, an Aurora, Illinois-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace. More>>

Oil rises just above $102 a barrel

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By The Associated Press The price of oil traded around $102 a barrel on Friday, nearly unchanged, as worries over supplies and geopolitical tensions eased. More>>

Cable on Ohio amusement park ride snaps, hurting 2

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An Ohio amusement park ride that swings riders as high as 125 feet has been closed indefinitely after a cable snapped, injuring two visitors. More>>

EU, US seek Putin Achilles' heel on Ukraine

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Months after Russia annexed Crimea and stepped up support for separatists in eastern Ukraine, Europe and the United States are still searching for a way to persuade Russian President Vladimir Putin to change course. More>>

Varying health premium subsidies worry consumers

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Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her HealthCare.gov account... More>>

More US girls now getting cervical cancer vaccine

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More teen girls are getting a controversial cervical cancer vaccine but the increase isn't much of a bump, the government reported Thursday. More>>

GOP works to avert Senate upset in Georgia

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Republicans are on the offensive in the opening days of Georgia's Senate campaign, hammering Democrat Michelle Nunn as a rubber stamp for President Barack Obama and questioning her resume as a non-profit executive -... More>>

Survey: US gas prices fall 9 cents to $3.58

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A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58. More>>

'Lucy' tops 'Hercules' with $44M at box office

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Luc Besson's "Lucy" proved mind can overpower muscle, topping a remake of "Hercules" by director Brett Ratner at the box office on the weekend. More>>

Nissan expands recall prompted by faulty air bag

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Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry. More>>

Promises of easier nuclear construction fall short

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The U.S. nuclear industry has started building its first new plants in decades using prefabricated Lego-like blocks meant to save time and money and revive the once promising energy source. More>>

Obama: Offshore 'tax inversions' are unpatriotic

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President Barack Obama says a loophole that lets companies dodge U.S. taxes by moving their headquarters overseas is unpatriotic. More>>

Report: China to declare Qualcomm a monopoly

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Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday. More>>

Facebook 2Q earnings, revenue soar

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Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often. More>>

Nokia sees brighter future without handset unit

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There is life after mobile phones for Nokia. More>>

Boeing CEO sorry for 'cowering' workers remark

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Boeing Co. CEO Jim McNerney apologized Friday for saying the aerospace giant's employees were "cowering" during his tenure, a comment one union official called "a new low" in the company's relationship with workers. More>>

Global tensions don't dent enthusiasm for stocks

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By STEVE ROTHWELL AP Markets Writer A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky. More>>

Worries about US consumers drag stocks lower

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Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week. More>>

FedEx charges raise online pharmacy issues

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FedEx Corp., the latest company accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions. More>>

Russian execs fear lasting damage from plane crash

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Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the downing of the Malaysian jetliner will bring about an international isolation that will cause serious and... More>>

Family feud sparks revolt at grocery store chain

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It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures. They're grocery store owners. More>>

Migrants: Obama urges Latin leaders, GOP to help

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Pressing for swift action, President Barack Obama on Friday urged Central American presidents and congressional Republicans to help ease the influx of minors and migrant families crossing the southwest border of the U.S. More>>

Russia: McDonald's food has 'too many calories'

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Nearly a quarter-century after McDonald's startled and delighted Soviets with their first taste of American fast-food culture, the company's now facing a suit that could ban it from selling some of its signature... More>>

Fast food workers prepare to escalate wage demands

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Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future... More>>

Disappointing results at Visa, Amazon hurt stocks

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The stock market is ending lower after Visa and Amazon posted disappointing results. More>>

House votes to boost child tax credit for some

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More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income... More>>

Social Security's $300M IT project doesn't work

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After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will. More>>

US wildlife officials propose limiting snake trade

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Federal wildlife officials recently proposed strict nationwide limits on importing and shipping boa constrictors and four other snake species in an effort to prevent them from being introduced into the wild. More>>

Feds probe Dodge Charger alternator complaints

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The U.S. government's road safety agency is investigating complaints about engine stalling and alternator failures in Dodge Charger sedans. More>>

Disappointing results at Visa, Amazon dent stocks

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The stock market is falling in midday trading after Visa and Amazon posted weaker results than Wall Street expected. More>>

World stocks fall on US earnings, Russia sanctions

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Global stock markets turned lower on Friday after weak earnings from Visa and Amazon and as European countries planned a range of sanctions against some Russian businesses. More>>

Lufthansa, Air France to resume Tel Aviv flights

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Air France and Germany's two biggest airlines decided Friday to resume flights to Tel Aviv after canceling operations for several days over safety concerns. More>>

Cyprus passes international bailout review

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Cyprus' international creditors said Friday that the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has moved forward and more steps have been taken to... More>>

US agency probes Hyundai Sonata air bag problem

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U.S. safety regulators are investigating whether an electrical problem can knock out the air bags on some older Hyundai Sonatas. More>>

US stocks ease on earnings results

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The stock market is lower in early trading after online retail giant Amazon posted a quarterly loss. More>>

Molson Coors Brewing CEO to retire at year's end

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Molson Coors Brewing President and CEO Peter S. Swinburn will retire at the end of the year. More>>

Orders for US durable goods up 0.7 percent in June

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Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans. More>>

Son of S.Korea sunken ferry owner detained

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South Korean news agency says the eldest son of the sunken ferry owner has been detained by police after two months on the run. More>>

UK economy grows to surpass pre-crisis peak

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Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday. More>>

German business confidence drops for 3rd month

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German business confidence fell for a third consecutive month amid ongoing concerns about the economic impact of the crises in Ukraine and the Middle East, though consumer confidence in Europe's largest economy... More>>

Russia raises key rate amid Ukraine concerns

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Russia's central bank has unexpectedly raised its key interest rate in a bid to stem inflation and support the currency as the country faces increasing economic pressure over its policies in Ukraine. More>>

McNuggets pulled from sale in HK after meat scare

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McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat. More>>

Towering worry: Small holes cause big jitters

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For the developers of the world's sixth tallest building near Seoul, a mysteriously shrinking lake and the appearance of small sinkholes in residential neighborhoods couldn't have come at a more inopportune time. More>>

Air Algerie jet with 116 on board crashes in Mali Video included

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An Air Algerie jetliner carrying 116 people crashed Thursday in a rainstorm over restive Mali, the third major international aviation disaster in a week. More>>

Twitter admits to diversity problem in workforce

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Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley. More>>

NYC official: Thieves got into 1K StubHub accounts Video included

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Some of the hottest tickets in town - to Broadway hits, Jay-Z and Justin Timberlake concerts, a New York Yankees-Boston Red Sox game - were snapped up by an international ring of cyber thieves who commandeered more than... More>>

Apple post biggest earnings gain in nearly 2 years

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Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen. More>>

Very bad week: Airline disasters come in a cluster

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Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. Two airliners crash during storms. Aviation has suffered one of its worst... More>>

Visa posts higher 3Q profit, revenue

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Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions. More>>

Bankrupt Energy Future to auction stake in Oncor

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Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing... More>>

Starbucks US sales rise with help of revamped food

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Starbucks said Thursday its revamped breakfast sandwiches and other food offerings helped boost sales at its U.S. cafes. More>>

Obama wants limits on US company mergers abroad

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Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers. More>>

Union Pacific 2Q profit chugs ahead 17 percent

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Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates. More>>

After much movement, stocks end where they began

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Only Wall Street could make the buying and selling of more than 3 billion shares look like nothing happened. More>>

Correction: Housing-Clinging to Low Rates story

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In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow... More>>

US stocks end little changed after mixed news

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U.S. stocks are ending little changed after a day of mixed signals on corporate earnings and the economy. More>>

US airlines to resume flights to Israel

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The U.S. airlines serving Israel will resume flights there Thursday, following a two-day hiatus caused by combat in the Gaza Strip. More>>

Wal-Mart names new CEO of US discount division

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Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results. More>>

Across US job market, layoffs are becoming rare

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The risk of losing your job is getting smaller and smaller. More>>

Airlines report big 2Q profits on strong demand

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By The Associated Press Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade. More>>

FAA lifts ban on US flights to Tel Aviv airport

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The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel. More>>

Bombardier restructuring cuts 1,800 jobs globally

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Airplane maker Bombardier Inc. is cutting 1,800 jobs across facilities worldwide as it restructures operations. More>>

Texas governor's startup fund is not all it seems

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Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation's second most-populous state. More>>

Morgan Stanley paying $275M to settle SEC charges

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Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis. More>>

Agents get subsidized 'Obamacare' using fake IDs

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Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday. More>>

GM profit 2Q falls 85 pct. on recall costs

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Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes. More>>

Dunkin' pushing cashiers to 'upsell' in afternoons

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If an iced coffee from Dunkin' Donuts is part of your afternoon routine, expect a nudge to buy a cookie or doughnut you didn't plan on. More>>

Ford 2Q net profit up 6 percent to $1.3 billion

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Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years. More>>

IMF cuts US and global growth forecasts for 2014

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The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies. More>>

US stocks rise at midday on stronger earnings

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The stock market is rising at midday as a slew of companies report stronger earnings. More>>

Swiss drug maker Roche posts 7 percent profit drop

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Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units. More>>