Jobs report shows snail’s pace recovery

A lukewarm July jobs report, with employers reporting that they added the fewest new positions since March, is another sign of a sluggish recovery, economists said. Employers added 162,000 jobs last month while the unemployment rate fell to 7.4 percent,...

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BMW 328i is all about performance

A sports sedan traditionally includes a manual gearbox and rear-wheel-drive that provide drivers with a more intimate connection with the road, but the BMW 328i challenges that with an eight-speed automatic transmission and all-wheel drive — features...

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New Zealand botulism scare triggers global recall

WELLINGTON, New Zealand — New Zealand authorities have triggered a global recall of up to 1,000 tons of dairy products across seven countries after dairy giant Fonterra announced tests had turned up a type of bacteria that could cause botulism. New...

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Red Sox owner enters $70M deal for Boston Globe

BOSTON — Businessman John Henry, the principal owner of the Boston Red Sox, has entered into an agreement to buy The Boston Globe for $70 million, a massive drop from its record $1.1 billion price two decades ago. The impending purchase from The New...

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Red Sox owner Henry to buy Boston Globe

Red Sox owner John Henry has entered into an agreement to buy The Boston Globe and the rest of the New England Media Group, the paper's parent company, The New York Times Company, announced early today.The $70 million cash agreement is expected to close...

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Obama orders review of chemical plant rules

WASHINGTON — President Barack Obama is ordering federal agencies to review safety rules at chemical facilities in response to the deadly April explosion at a Texas fertilizer plant. Obama, in an executive order to be announced Thursday, specifically...

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Twitter threats highlight blight of online trolls

LONDON — If Twitter is the chirping chatterbox of the Internet, trolls are its dark underground denizens. The collision of the two is driving a debate in Britain about the scale of online hatred and the limits of Internet free speech. The furor erupted...

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New CEO Irving evaluates GoDaddy's place in racing

CHARLOTTE, N.C. — Blake Irving, new CEO of GoDaddy, is very much a car guy. How much of that translates into racing remains to be seen. GoDaddy is in the final year of its IndyCar contract with Andretti Autosport and driver James Hinchcliffe, and all...

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Netflix rolls out new tool to profile viewers

SAN FRANCISCO — Netflix is introducing a long-awaited feature that will make it easier for the Internet video service to track and analyze the viewing habits of people sharing the same $8-per-month account. The tool coming out Thursday can splinter...

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US unemployment claims fall to 326K, 5 ½-year low

WASHINGTON — The number of Americans applying for unemployment benefits fell 19,000 last week to a seasonally adjusted 326,000, the fewest since January 2008. The decline shows the job market continues to strengthen. The Labor Department said Thursday...

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Report shows US economic growth stronger in 2012

WASHINGTON — The government says the U.S. economy grew at a much faster pace last year than previously estimated. The revised growth figures signal a more sustainable economic recovery and help explain why job growth has accelerated this year. The economy...

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Bayer Q2 profits jump on new drugs, lower charges

FRANKFURT, Germany — German drug and chemicals company Bayer AG says net profit rose 75 percent in the second quarter thanks to lower one-time charges and strong sales of new products including anti-clotting drug Xarelto and cancer drug Stivarga. But...

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Kodak outlines plans for CEO's departure

ROCHESTER, N.Y. — Kodak is providing a clearer picture of its post-reorganization management plans, saying that CEO Antonio Perez will likely be replaced in the first year after it emerges from bankruptcy protection. The photography pioneer, which was...

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ADP: Private employers add 200,000 jobs this month

WASHINGTON — A private survey shows U.S. businesses created a healthy 200,000 jobs this month. The payroll company ADP said Wednesday that companies hired in July at the fastest pace since December. And it revised up its estimate of the number of jobs...

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Oil rises toward $104 ahead of Fed statement

LONDON — The price of oil staged a modest recovery Wednesday, a day after hitting a four-week low, but traders say bigger gains would likely be short-lived. Benchmark oil for August delivery was up 17 cents to $103.27 per barrel in midday trading in...

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Boston hospital settles Medicare complaint

BOSTON — A Boston hospital has paid a $5.3 million to resolve allegations that it overcharged the Medicare system. The Boston Globe (http://bo.st/13UYDFu ) reports that a federal review of records from Beth Israel Deaconess Medical Center found the...

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China's Xi calls for financial risks to be curbed

BEIJING — President Xi Jinping called Tuesday for authorities to curb financial risks as concerns mount in China about rising debts owed by companies and local governments. Xi's order, in a speech at a Cabinet meeting, came after the government this...

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Hess selling energy marketing business for $1.03B

NEW YORK — Hess is selling its energy marketing business to a subsidiary of Centrica PLC for approximately $1.03 billion. The sale is part of Hess' plan to focus on its exploration and production activities. The energy marketing business supplies natural...

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Report: Foreclosure activity down sharply in Mass.

BOSTON — A new report finds that foreclosure activity continues to fall significantly in Massachusetts. The Warren Group said Tuesday that foreclosure petitions, the first step in the foreclosure process, fell 84 percent in June compared to the same...

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Pfizer 2Q mixed, maintains 2013 outlook

NEW YORK — Pfizer's second-quarter net income more than quadrupled, helped by the sale of its animal health business. The world's second-largest drugmaker beat Wall Street's earnings expectations, though revenue continued to decline as patents expire...

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Whistleblower: Olympus ignores Japan court order

TOKYO — More than a year after Japan's Supreme Court ordered camera and medical-equipment maker Olympus to stop punishing a whistleblower and reinstate him to his regular job, Masaharu Hamada is still fighting his courtroom battle. On Monday, he got...

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Some flights cancelled to Egypt, others half-empty

CAIRO — Cairo airport officials say seven flights to Egypt have been cancelled and that others are arriving with less than 50 percent occupancy following weekend clashes that killed 84 people. Passengers from Yemen, Saudi Arabia, Sudan and Italy as...

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Clarification: Corporate Hacking-Arrests story

NEWARK, N.J. — In a July 25 story, The Associated Press reported that hackers stole about 800,000 card numbers in a 2011 attack on the Visa network. The story should have made clear that the attack was directed at a licensee in Jordan, Visa Jordan Card...

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Pfizer sells key vaccine cheaply to poor countries

TRENTON, N.J. — Drugmaker Pfizer Inc. has agreed to provide hundreds of millions of doses of its lucrative vaccine against pneumonia and meningitis at a fraction of the usual price for young children in poor countries. The deal to provide 260 million...

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Hudson's Bay buying Saks for about $2.4 billion

NEW YORK — Luxury retailer Saks is being purchased by the parent of Lord & Taylor for approximately $2.4 billion. The news comes a little over a month after reports surfaced that Hudson's Bay Co. was interested in buying Saks Inc. Hudson's Bay,...

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