Mass. insurance settlement raised to $5.25M

BOSTON — A company authorities say used deceptive practices to sell supplemental health insurance to veterans and other Massachusetts residents will now pay more than $5 million to settle case. Attorney General Martha Coakley said Tuesday that the new...

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Men's Wearhouse ousts founder, pitchman Zimmer

NEW YORK — Apparently, Men's Wearhouse Inc. doesn't like the way its founder looks anymore. In a terse release issued Wednesday, Men's Wearhouse said it has fired the face of the company and its executive chairman, George Zimmer, who appeared in many...

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'Nightline' anchor Moran heading to London for ABC

NEW YORK — ABC News "Nightline" anchor Terry Moran is getting a new posting as the network's London-based chief foreign correspondent. Moran will head overseas late this summer, ABC said Wednesday. Moran was ABC's chief White House correspondent from...

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CSX sues truck driver in Baltimore-area derailment

BALTIMORE — CSX is suing a garbage truck driver and his company for negligence in the explosive derailment of a freight train near Baltimore. CSX Transportation Inc. of Jacksonville, Fla., filed the complaint Tuesday in U.S. District Court in Baltimore....

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Swiss lawmakers reject deal on banking secrecy

GENEVA — Switzerland's lower house of parliament has for the second time rejected a government proposal on relaxing Swiss banking secrecy laws, a move that would have helped the country's banks avoid facing U.S. criminal charges for shielding tax cheats....

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Export revival underway for small businesses

NEW YORK — When Lawrence Scheer began selling baby clothes in 2010, he didn't realize it then, but he was on the leading edge of a recovery in small business exports. Scheer's company, Magnificent Baby, manufactures its products in China and then sells...

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World Food Prize goes to 3 biotech scientists

DES MOINES, Iowa — The World Food Prize Foundation on Wednesday took the bold step of awarding this year's prize to three pioneers of plant biotechnology whose work brought the world genetically modified crops. The private nonprofit foundation, which...

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Porsche tops in annual survey of vehicle quality

DETROIT — Porsche is the top performer in an annual survey of new vehicle quality. J.D. Power questioned more than 83,000 U.S. car owners about problems with their 2013 vehicles in the first 90 days of ownership. In the results released Wednesday,...

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United Tech sees possible impact from court order

HARTFORD, Conn. — United Technologies Corp. says a federal court ordering it to pay $473 million plus interest to compensate for alleged fraud in its sale of fighter jet engines could cut revenue and profit. Judge Thomas M. Rose of the U.S. Southern...

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Oil little changed before Fed's Bernanke speaks

NEW YORK — The price of oil was down slightly Wednesday as traders waited to hear the latest on the Federal Reserve's monetary policy from chairman Ben Bernanke. Oil fell about 40 cents after the government said U.S. oil supplies rose by 300,000 barrels...

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