Lawmakers press GM on report's findings

WASHINGTON — House members questioned whether the culture at General Motors could truly change, and whether the dismissal of 15 employees was enough, as they grilled CEO Mary Barra about the actions she's taken since GM admitted that it failed to act...

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Mainers paying $99 in monthly premium on exchange

AUGUSTA, Maine — Mainers who signed up for health care coverage on the federally-run exchange are paying an average of $99 per month in premiums. The U.S. Department of Health and Human Services figures released Wednesday show that 89 percent of Mainers...

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Germany's Merkel: no need to loosen euro rules

BERLIN — German Chancellor Angela Merkel is making clear she won't back changes to the 18-nation eurozone's budget deficit rules after her deputy signaled greater flexibility. Vice Chancellor Sigmar Gabriel, who criticized Germany's austerity-led approach...

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Stocks waver in early trade ahead of Fed decision

U.S. stocks are little changed in early trading as investors wait for the latest policy action from the Federal Reserve. FedEx rose 5 percent after the package delivery service reported that its income rose as growth in online shopping gave its ground-shipping...

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Social Security closes offices as baby boomers age

WASHINGTON — Even as millions of baby boomers approach retirement, the Social Security Administration has been closing dozens of field offices, forcing more and more seniors to seek help online instead of in person, according to a congressional report...

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Trial begins for former hedge fund owner's brother

NEW YORK — A prosecutor in the New York insider trading trial of an imprisoned hedge fund owner's brother says the pair teamed up to cheat ordinary investors. The prosecutor's opening statements about Rengan Rajaratnam (RING'-an rah-juh-RUHT'-nuhm)...

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H&M sees rise in second quarter profit, sales

STOCKHOLM — Swedish clothing retailer Hennes & Mauritz AB says its second-quarter earnings rose 25 percent as online expansion and new store openings boosted sales. Net profit in the March-May period was 5.81 billion kronor ($870 million), up from...

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FedEx 4Q profit rises on growth in ground shipping

DALLAS — The boom in online shopping may be hurting some store-based retailers, but it is doing wonders for FedEx Corp. The package-delivery giant said Wednesday that its fiscal fourth-quarter profit rose sharply thanks to the growth in e-commerce,...

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Senators propose 12-cent gas tax increase

WASHINGTON — Two senators unveiled a bipartisan plan Wednesday to raise federal gasoline and diesel taxes for the first time in more than two decades, pitching the proposal as a solution to Congress' struggle to pay for highway and transit programs....

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