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Mystery solved? Australian says he's Bitcoin founder

A man long rumored to be associated with the digital currency Bitcoin identified himself as its creator.

Mystery solved? Australian says he's Bitcoin founder

An Australian man long rumored to be associated with the digital currency Bitcoin has publicly identified himself as its creator, apparently ending one of the biggest mysteries in the tech world. Read more »

yesterday

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Apple reports iPhone sales down, 1st revenue drop since 2003

Apple says quarterly revenue fell for the first time in more than a decade, as iPhone sales fell compared with a year ago. That's putting more pressure on the world's most valuable public company... Read more »

yesterday

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Congress heads out with no resolution on Zika, Puerto Rico

Congress accomplished relatively little in a short work period, missing deadlines on the budget and on helping Puerto Rico with its financial crisis as lawmakers began a weeklong break. Read more »

April 30, 2016

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Exxon sees smallest profit in 16 years, Chevron posts loss

Motorists are saving billions on cheaper gasoline, but the long slump in oil prices is taking a heavy toll on companies that find and produce crude. Read more »

April 29, 2016

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Yahoo's deterioration accelerates ahead of a possible sale

Yahoo may have hung out a "for sale" sign, but it hasn't done much to improve its curb appeal. Read more »

April 19, 2016

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Finance leaders pledge forceful response to boost economy

Finance officials on Saturday pledged a more forceful effort to stimulate a sluggish global economy. Read more »

April 16, 2016

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Regulators: 5 big banks get failing grades for crisis plans

Federal regulators say five of the biggest banks in the U.S. haven't worked out strong plans for how they might reshape themselves in case of failure, which could leave them unable to survive... Read more »

April 13, 2016

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US retail sales fall in March as Americans buy fewer cars

U.S. retail sales fell last month as Americans cut back on their car purchases, the latest sign that consumers are reluctant to spend freely. Read more »

April 13, 2016

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IMF issues stark warning on British exit from EU

The International Monetary Fund warned Tuesday that a British exit from the European Union could inflict severe damage to the world economy by disrupting international trade. Read more »

April 12, 2016

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US rep blasts IFC conflict of interest in Manila water plan

In a bustling, densely populated corner of Manila, fruit vendor Coring Gutierrez reads $35 due from her latest water bill, more than triple what her family of six paid 15 years ago. Read more »

April 12, 2016

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Russia's new National Guard will be tasked to suppress riots

The National Guard being formed in Russia will be given broad powers to suppress riots, according to a presidential decree released Wednesday. Read more »

April 6, 2016

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Iceland's leader is first victim of offshore holdings leak

The leak of millions of records on offshore accounts claimed its first high-profile victim Tuesday as Iceland's prime minister resigned amid outrage over revelations he had used such a shell... Read more »

April 5, 2016

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California, New York poised to raise minimum wage to $15

California and New York are poised to become the highest-paid minimum-wage states in the nation after their governors each reached deals with lawmakers to raise the lowest amount a worker can be... Read more »

April 1, 2016

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Anbang drops bid to buy Starwood, clearing way for Marriott

says it's dropping its $15 billion offer to acquire Starwood Hotels, citing various market considerations and ending a bidding war for the parent of St. Regis and Sheraton resorts. Read more »

March 31, 2016

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Apple releases small new iPhone, iPad for business use

Apple unveiled a small new iPhone, a new iPad tablet for business use and price cuts for its Apple Watch at a product event Monday. The announcements, which were largely expected, aim to keep up... Read more »

March 27, 2016

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Cuba rebukes Obama's call for change but will nix dollar tax

Cuba's government offered a rebuke Thursday of President Barack Obama's plans to use his upcoming visit to promote change on the island, even as it took a long-sought step to lift a penalty on... Read more »

March 17, 2016

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CDC guidelines aim to curb painkiller prescribing

Prescription painkillers should not be a first-choice for treating common ailments like back pain and arthritis, according to new federal guidelines designed to reshape how doctors prescribe drugs... Read more »

March 15, 2016

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Higher stock prices, home values lift US household wealth

Americans' household wealth jumped in the final three months of last year, pushed higher by rising stock prices and greater home values. That leaves many households, particularly wealthy ones, with... Read more »

March 13, 2016

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Yahoo snubs activist shareholder with 2 new directors

Yahoo set up a battle for control of its board by appointing two directors likely to further agitate an activist shareholder threatening to lead an investor mutiny aimed at ousting CEO Marissa... Read more »

March 10, 2016

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US adds a strong 242,000 jobs; rate holds at low 4.9 pct.

U.S. employers added a robust 242,000 workers in February as retailers, restaurants and health care providers drove another solid month for the resilient American job market. The unemployment rate... Read more »

March 4, 2016

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Sports Authority files for Chapter 11 bankruptcy protection

veting their favorite team's jersey with the personal touch of their name on the back are flocking online, likely not so much to the sports store at their local mall. Consumer habits are evolving. Read more »

March 2, 2016

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World stocks weighed down by G-20 inaction

Global stock markets were weighed down Monday by the failure of the world's leading economic policymakers to announce any new measures to boost the global economy. Some relief emerged with the news... Read more »

Feb. 29, 2016

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HSBC probed by US over hiring linked to Asian governments

London-based bank HSBC said Monday it is among a number of firms being investigated by U.S. authorities over the hiring of people connected to Asian governments, raising the risk of more expensive... Read more »

Feb. 22, 2016

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IMF nominates managing director Lagarde for second term

The International Monetary Fund has nominated managing director Christine Lagarde for a second five-year term. Read more »

Feb. 11, 2016

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Authorities reach $3.2B settlement with Morgan Stanley

Federal and state authorities on Thursday announced a $3.2 billion settlement with Morgan Stanley over bank practices that contributed to the 2008 financial crisis, including misrepresentations... Read more »

Feb. 11, 2016

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Obama sends Congress record $4.1 trillion 2017 spending plan

President Barack Obama sent Congress his final budget on Tuesday, proposing to spend a record $4.1 trillion on a number of initiatives, from a new war on cancer to combating global warming to... Read more »

Feb. 9, 2016

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North America, China power GM to record $9.7b annual profit

Strong earnings in North America and China and a reversal of fortunes in Europe powered General Motors to a record net profit of $9.7 billion last year. Read more »

Feb. 3, 2016

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Merck beats 4Q profit forecast, misses Street view on sales

Merck & Co. posted an 87 percent drop in fourth-quarter profit compared with last year when the drugmaker had a huge gain from the sale of consumer health business. It beat Wall Street profit... Read more »

Feb. 3, 2016

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UBS bank shares plunge as rich investors withdraw money

Swiss bank UBS saw its shares slide on Tuesday on news that investors had pulled billions out of its division serving wealthy clients — a token of the market turbulence that has shaken the... Read more »

Feb. 2, 2016

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China company accused of fleecing investors of $7.6 billion

Police arrested the maverick founder of China's largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese... Read more »

Feb. 1, 2016

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US stocks edge mostly lower as energy prices plunge again

The stock market was able to recover from steep losses to close slightly lower on Monday as investors looked past another drop in the price of oil and renewed concerns about U.S. and Chinese... Read more »

Feb. 1, 2016

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Japan introduces negative interest rate to boost economy

The Bank of Japan on Friday said it will charge lenders that leave too much cash on idle deposit with it, introducing a negative interest rate policy for the first time as it seeks to shore up a... Read more »

Jan. 29, 2016

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Chase planning rollout of card-free ATMs

JPMorgan Chase will install new ATMs later this year that will allow customers to withdraw cash or initiate other transactions using their cellphone. Read more »

Jan. 26, 2016

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Johnson & Johnson beats 4Q profit views despite lower sales

& Johnson, despite a tough year of falling revenue, posted a 27.6 percent increase in fourth-quarter profit, as a big one-time gain offset restructuring and other charges taken by the... Read more »

Jan. 26, 2016

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LG Electronics posts 4Q loss as mobile business struggles

LG Electronics, the world's second-largest TV maker, on Tuesday reported an unexpected loss for the final quarter of 2015 as its smartphone business struggled and costs for raw materials rose. Read more »

Jan. 26, 2016

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Hyundai Motor's 2015 profit sinks to 5-year low

Hyundai Motor Co. reported its lowest annual profit in five years after a failure to fully anticipate strong demand for sports utility vehicles in China led to a sales drop in the world's largest... Read more »

Jan. 26, 2016

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Ford blames market conditions, pulls out of Japan, Indonesia

Ford Motor Co. is pulling out of Japan and Indonesia, saying that market conditions in each country have made it difficult to grow sales or make sustained profits. Read more »

Jan. 25, 2016

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Union Pacific 4Q profit falls 22 pct as freight volume slows

Union Pacific Corp.'s fourth-quarter profit fell 22 percent as the railroad hauled 9 percent less freight and worked to cut costs to match the reduced demand. Read more »

Jan. 21, 2016

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UK, Germany back Lagarde for new term at IMF

Britain and Germany gave their key backing Thursday for Christine Lagarde to stay at the helm of the International Monetary Fund for a second term. The savvy Frenchwoman, however, held back from... Read more »

Jan. 21, 2016

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Low oil complicates struggle to raise eurozone inflation

Low oil prices are complicating life for the European Central Bank in its struggle to push up the worrisome low inflation in the 19 nations that use the euro currency. Read more »

Jan. 20, 2016

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Anxiety in the air as Davos World Economic Forum kicks off

A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence in financial markets,... Read more »

Jan. 20, 2016

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Faced with array of risks, CEOs increasingly pessimistic

Facing a cocktail of risks from the economic slowdown in China to the rise of the Islamic State group, chief executives around the world are more pessimistic about the global economy than at any... Read more »

Jan. 19, 2016

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Delta posts $980 million 4Q profit on lower fuel prices

Cheaper jet fuel thanks to falling oil prices helped Delta Air Lines earn $980 million in the fourth quarter despite lower revenue than a year ago. Read more »

Jan. 19, 2016

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AP EXPLAINS: What Congress can do about Puerto Rico's debt

Puerto Rico's $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that's usually on the sidelines of American politics. Read more »

Jan. 19, 2016

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China's slowdown challenges government, companies

China's slowdown is ratcheting up financial stress on companies while the country's leaders scramble to avoid a spike in job losses. Full-year 2015 growth of 6.9 percent was the lowest in 25 years,... Read more »

Jan. 19, 2016

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Bank of America 4Q profit rises 10 percent, beats forecasts

Bank of America profits rose nearly 10 percent in the fourth quarter as the bank cut costs and generated better results from lending and other activities in its consumer banking division. Read more »

Jan. 19, 2016

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Best Buy reports weak holiday shopping results, outlook

Best Buy's shares sank Thursday after the nation's largest consumer electronics chain reduced its sales outlook for the fourth-quarter as it reported weak holiday business in mobile phones and... Read more »

Jan. 14, 2016

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US stocks open mixed, stabilizing a day after a plunge

Stocks are mixed in the early going as the market stabilizes following its worst drop since September. Read more »

Jan. 14, 2016

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World shares rise as China exports improve

World shares rose Wednesday after China reported improved exports in December, salving nerves about the world's No. 2 economy, though a rally in Shanghai's stock market was short-lived. Read more »

Jan. 13, 2016

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