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Allergan to cut 1,500 employees

 July 22, 2014; Updated: 11:42 pm

Botox maker Allergan will cut about 13 percent of its workforce, or roughly 1,500 employees, as part of a push to become more efficient and productive. The Irvine, Calif., company also said Monday it plans to eliminate about 250 vacant...

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Verizon boosts FiOS upload speeds to match downloads

 July 22, 2014; Updated: 11:42 pm

New York - Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online.Starting Monday, all...

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Premium Content From candy bars to cooking classes, pot edibles give rise to industry

 July 19, 2014; Updated: 11:42 pm

The proliferation of marijuana edibles for both medical and recreational purposes is giving rise to a cottage industry of baked goods, candies, infused oils and cookbooks.

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Starbucks sees more Apple-like stores after Colombia debut

 July 19, 2014; Updated: 11:42 pm

Starbucks Corp.'s new three-story café in Bogota could be the type of location the coffee-shop chain's customers see more often. Wednesday, the chain opened its first location in Colombia: a 2,700-square-foot store with a heated patio, concrete...

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Premium Content Many factors in weighing safety of foreign airspace

 July 19, 2014; Updated: 11:42 pm

The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could have profound consequences for the world's airlines.Airlines might have to be more vigilant about...

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Airbus beats Boeing in airshow orders

 July 18, 2014; Updated: 12:08 am

Farnborough, England - Airbus beat rival Boeing in the aircraft order stakes at this year's Farnborough International Airshow, getting nearly twice as many orders and commitments.The victory by the European aircraft manufacturer is...

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Jet downing, weak earnings rattle stock market

 July 18, 2014; Updated: 12:08 am

The downing of a passenger plane flying over Ukraine rattled U.S. financial markets Thursday, deepening a slide set off by a batch of disappointing company earnings and a weak home construction report.All three major stock indexes ended...

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Oregon sues 5-Hour Energy over ad claims

 July 18, 2014; Updated: 12:08 am

Portland, Ore. - Oregon's attorney general has sued the companies responsible for the popular 5-Hour Energy drink, alleging they engaged in deceptive advertising.The lawsuit filed Thursday in Portland contends 5-Hour Energy falsely...

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Senators want GM to fire top lawyer

 July 18, 2014; Updated: 12:08 am

Washington - Lawmakers on Thursday demanded General Motors fire its chief lawyer and open its compensation plan to more potential victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with...

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Fiat denies merger talks with VW

 July 18, 2014; Updated: 12:08 am

Italian automaker Fiat has denied a German media report that it is in merger talks with Volkswagen. Shares in Fiat rose 5 percent Thursday after Manager Magazin reported that the main shareholders in Fiat SpA and Volkswagen AG have had a series...

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Who smokes? The young and the poor

 July 17, 2014; Updated: 11:55 pm

Big American tobacco wants to get bigger in America.Reynolds American, which sells both Camel and Pall Mall cigarettes, has agreed to acquire rival and Newport menthol-maker Lorillard for an estimated $27.4 billion. If approved, the...

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Murdoch may be ready to raise bid for Time Warner

 July 17, 2014; Updated: 11:55 pm

New York - Twenty-First Century Fox Inc. is willing to pay more than $85 a share for Time Warner Inc., according to people with knowledge of the matter, a sign Rupert Murdoch is undeterred after being rebuffed in an initial offer...

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Rising factory output provides boost to U.S. growth

 July 17, 2014; Updated: 11:55 pm

Washington - Industrial production climbed in June to cap the strongest quarter in almost four years as manufacturers provided a bigger spark for the U.S. economy.A 0.2 percent increase in output at factories, mines and utilities...

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Casino workers try to woo buyers in N.J.

 July 17, 2014; Updated: 11:55 pm

Many workers at three Atlantic City casinos that could shut down in the next few months are trying to keep them open. Workers at the Showboat, Trump Plaza and Revel, along with their union, are lining up political support, rallying public opinion...

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Homebuilder confidence increases

 July 17, 2014; Updated: 11:56 pm

Confidence among U.S. homebuilders rose more than forecast in July, reaching the highest level in six months, as growing payrolls brightened the outlook after a shaky first half.

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Fuel-efficient planes could make trans-Atlantic flights cheaper

 July 17, 2014; Updated: 11:55 pm

The north Atlantic is one of the most lucrative and highly competitive airline markets in the world. Since the late 1940s, numerous airlines have attempted, with varying degrees of success, to operate profitable commercial services on routes...

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Crossovers help SUV sales pass sedans

 July 17, 2014; Updated: 11:55 pm

Sport utility vehicles have overtaken sedans in U.S. market share, aided by fuel-efficient, carlike crossover models, IHS Automotive said Wednesday.SUVs, including crossovers, accounted for 36.5 percent of U.S. new-vehicle registrations...

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Visa launches new service to speed online payments

 July 17, 2014; Updated: 11:55 pm

New York - Payment processor Visa is launching a new service called Visa Checkout that eliminates a few steps in online payment.The company and its retailing partners, including Neiman Marcus, Pizza Hut, Staples and others, hope a...

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Yellen: Economy still needs Fed support

 July 16, 2014; Updated: 11:29 pm

Washington - Federal Reserve Chairwoman Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market...

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Boston says no to Wynn talks

 July 16, 2014; Updated: 11:29 pm

Boston - State gambling regulators are weighing how to respond to Boston Mayor Marty Walsh's refusal to participate in arbitration with Wynn Resorts for a financial compensation deal.The Las Vegas-based casino giant has proposed a...

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Lay’s newest flavor: Cappuccino?

 July 16, 2014; Updated: 11:29 pm

American palates have changed considerably over the years, but is the country ready for cappuccino-flavored Lay's? Frito-Lay, a division of PepsiCo Inc., will announce on today the coffee-flavored chips as one of the four finalists for its...

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Agency boosts protections for pregnant workers

 July 16, 2014; Updated: 11:29 pm

For the first time in 30 years, the government is issuing new guidelines designed to protect pregnant workers from on-the-job discrimination. The Equal Employment Opportunity Commission update makes it clear that any form of workplace...

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Tribune sets Aug. 4 date for publishing spinoff

 July 16, 2014; Updated: 11:29 pm

The Tribune Co. has set Aug. 4 as the date for the expected spinoff of its newspaper publishing business. It first announced plans to separate its television and print businesses a year ago, saying the move would let one company take...

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Reynolds to acquire Lorillard in $27.4 billion tobacco deal

 July 16, 2014; Updated: 11:29 pm

New York - Reynolds American Inc. has agreed to buy rival Lorillard Inc. for $27.4 billion including debt, a deal that would leave the 400-year-old U.S. tobacco industry with two competitors controlling 90 percent of the...

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Americans paying more for necessities

 July 15, 2014; Updated: 11:03 pm

People are opening their wallets more this summer, but that extra cash isn't going to margaritas and beach excursions.It's being eaten up by bills and basic things that people need to survive, like food, electricity and health care,...

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