Monsanto fiscal 3Q profit slips 3 percent

Monsanto's fiscal third quarter net income slipped 3 percent, as hits to the agricultural product company's cotton and soybean seed segments weighed on revenue growth. The St. Louis company said Wednesday that its revenue for the latest quarter inched...

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UK Treasury makes new cuts despite weak economy

LONDON — Britain's Treasury chief announced 11.5 billion pounds ($17.7 billion) in spending cuts Wednesday, including benefit cuts for some retirees and more job losses for state workers, in an attempt to make ends meet. George Osborne outlined a bleak...

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IRS official won't testify in contracting probe

WASHINGTON — An Internal Revenue Service official is refusing to testify before a House committee examining his relationship with the CEO of computer services company that has as much as $500 million in contracts with the IRS. Gregory Roseman said at...

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IEA: Global renewable energy growing fast

NEW YORK — Renewable energy is growing fast around the world and will be the second biggest source of electricity, after coal, by 2016, according to a five-year outlook published Wednesday by the International Energy Agency. Developing countries are...

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Watchdog: IRS fought oversight in tea party cases

WASHINGTON — The Internal Revenue Service long has resisted efforts by an internal watchdog to help groups seeking tax-exempt status, creating a culture that enabled agents to improperly target such organizations for additional scrutiny, the National...

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UBS France fined $13MN over control failures

PARIS — UBS France is being fined 10 million euros ($13 million) after French authorities found the bank delayed tightening up controls to curb money laundering and cross-border fiscal fraud. The French banking regulator, ACP, said Wednesday that UBS...

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Esperion Therapeutics shares jump in trading debut

NEW YORK — Shares of Esperion Therapeutics Inc. jumped Wednesday in their first day of trading after the drug developer raised $70 million in an initial public offering. In midday trading, the drug developer's shares rose $1.27, or 9 percent, to $15.27,...

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BofA executive: Small business is on the comeback

NEW YORK — Robb Hilson's job as head of small business banking at Bank of America is to convince small business owners that the bank wants to do business with them. That's not easy when small businesses have consistently said in surveys that they find...

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CNN bringing 'Crossfire' back on the air

NEW YORK — CNN said Wednesday that it is bringing the political debate show "Crossfire" back on the air this fall with Newt Gingrich as one of the combatants. The former House speaker and Republican presidential candidate will be one of the four regular...

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Microsoft to unveil latest Windows adjustments

SAN FRANCISCO — Microsoft has released an update to Windows 8, aiming to address some of the gripes people have with the latest version of the company's flagship operating system. The company made a preview of Windows 8.1 available for free as a download...

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