GOP blocks tax hike on firms moving overseas

WASHINGTON — Republican senators blocked an election-year bill Wednesday to limit tax breaks for U.S. companies that move operations overseas. The bill would have prohibited companies from deducting expenses related to moving their operations to a foreign...

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An early rally fades on the US stock market

NEW YORK — U.S. stocks turned lower in midday trading, erasing an early gain. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday. KEEPING SCORE: The Dow Jones industrial average fell 70 points, or 0.4 percent,...

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Hyundai recalls 883K Sonatas to fix gear shifters

DETROIT — Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers. The recall covers 883,000 cars from the 2011 through 2014 model years. The Korean automaker says the automatic transmission shift cable can...

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As Fed meets, key issues likely to stay unanswered

WASHINGTON — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do...

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Passenger dies on US Airways flight to Phoenix

PHOENIX — Authorities in Phoenix say a passenger has died on a US Airways flight to Phoenix from Honolulu after a suffering an unknown medical emergency. Fire Capt. Benjamin Santillan (san-tee-YAHN') says the passenger was a woman in her 50s. Santillan...

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Sanctions will damage Russia if not lifted quickly

MOSCOW — U.S. and European sanctions against Russia's energy and finance sectors are strong enough to cause deep, long-lasting damage within months unless Moscow persuades the West to repeal them by withdrawing support for Ukrainian insurgents. The...

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Survey: US companies add 218,000 jobs in July

WASHINGTON — A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. Private employers added 218,000 jobs, down from 281,000 in June, payroll provider ADP said Wednesday. It was the...

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Warner Bros. conjures up Harry Potter global franchise development team

LONDON -- Warner Bros. Entertainment has conjured up the Harry Potter Global Franchise Development team, based in both London and Burbank, to "develop and execute a high-level strategic vision for the Harry Potter brand and its ancillary businesses,"...

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

WASHINGTON — 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. Revised data released Wednesday also suggest a...

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A more vigorous US economy appears to be emerging

WASHINGTON — The U.S. economy has rebounded with vigor from a grim start to 2014 and should show renewed strength into next year. That was the general view of analysts Wednesday after the government estimated that the economy grew at a fast 4 percent...

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