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Carrier USS Saratoga towed from Newport to be scrapped

 August 22, 2014; Updated: 11:42 pm

Newport, R.I. - The decommissioned aircraft carrier USS Saratoga left its port in Rhode Island on Thursday for its final journey to Texas, where it will be scrapped.The ship departed Naval Station Newport and made its way down...

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S&P 500 closes at record high

 August 22, 2014; Updated: 11:42 pm

The stock market advanced for a fourth straight day Thursday, pushing the Standard & Poor's 500 index to a record high.Investors were encouraged by news that the number of people seeking unemployment benefits remains at a multiyear low.

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Gold tumbles to two-month low on rate outlook

 August 22, 2014; Updated: 11:42 pm

Gold fell to a two-month low in New York Thursday as the outlook for higher U.S. interest rates reduced the appeal of the metal as an alternative investment. Platinum headed for the longest run of losses in 27 years in London.Many U.S.

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Bank of America settlement likely to benefit few

 August 22, 2014; Updated: 11:42 pm

Washington - Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners.The settlement requires...

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No deal: Family Dollar rejects Dollar General purchase

 August 22, 2014; Updated: 11:42 pm

Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar...

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Leading indicators rise by most in four months

 August 22, 2014; Updated: 11:42 pm

Washington - An index of U.S. leading indicators rose in July by the most in four months, as stronger job growth helps power the world's largest economy.The Conference Board's index of U.S. leading indicators, a gauge of the outlook...

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Economic growth in Connecticut and Maine lag behind in recovery

 August 21, 2014; Updated: 12:08 am

Hartford - Economic growth in New England has been slowest in Connecticut and Maine since the end of the recession in 2009, according to new federal statistics released Wednesday.Quarterly gross domestic product - the value of all...

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Samsung helps Barnes & Noble take new tactic against Kindle

 August 21, 2014; Updated: 11:55 pm

New York - Barnes & Noble Inc. began selling a Nook-branded tablet made by Samsung Electronics Co., aiming to use the South Korean company's technology prowess to challenge Amazon.com's Kindle in the electronic-reader...

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Apple’s stock hits a new high

 August 21, 2014; Updated: 11:55 pm

Apple's stock touched a new high Wednesday, reflecting faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.The milestone represents a dramatic turnaround in...

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Fed officials said recent job gains may bring faster increase in rates

 August 21, 2014; Updated: 11:55 pm

Washington - Federal Reserve officials raised the possibility that they might begin removing aggressive stimulus sooner than anticipated, as they neared agreement on an exit strategy, according to minutes of their July meeting."Many...

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BofA to pay record $17B settlement with feds

 August 21, 2014; Updated: 11:55 pm

Washington - Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said...

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Appliance sales lift Lowe’s 2Q earnings

 August 21, 2014; Updated: 11:55 pm

Lowe's Co., the second-largest U.S. home-improvement retailer, cut its full-year revenue forecast even as second-quarter profit topped analysts' estimates as sales of appliances and yard merchandise increased.Net income rose to $1.04...

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New homes on the rise

 August 20, 2014; Updated: 11:55 pm

U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.

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Verizon regains title of fastest wireless in U.S.

 August 20, 2014; Updated: 11:55 pm

The New York-based company, which operates the largest wireless service in the U.S., has expanded capacity using AWS airwaves, making for a speedier service.

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McDonald’s to sell packaged coffee nationally

 August 20, 2014; Updated: 11:55 pm

The world’s biggest hamburger chain has made a deal with Kraft Foods to manufacture and distribute the bags of McCafe ground and whole bean coffee, as well as single-cup pods that can be used in at-home coffee machines.

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Brita recalling children’s water bottles

 August 20, 2014; Updated: 11:55 pm

The company said Tuesday that the lid of the hard-sided bottles can break into pieces with sharp points.

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Car-to-car communication coming soon

 August 19, 2014; Updated: 11:55 pm

A research report released by the National Highway Traffic Safety Administration estimates that the technology could eventually prevent 592,000 left-turn and intersection crashes a year, saving 1,083 lives.

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Wages up as jobs grow

 August 19, 2014; Updated: 11:55 pm

The recovery in America’s job market is finally spreading to industries with good pay after years of being concentrated in fields with low wages.

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USDA puts cost of raising child at $245,340

 August 19, 2014; Updated: 11:55 pm

A child born in 2013 will cost a middle-income American family an average of $245,340 until he or she reaches the age of 18. And that doesn't include college.

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Marijuana company official resigns

 August 19, 2014; Updated: 11:55 pm

A top official for a company that won a provisional license to operate two medical marijuana dispensaries in Massachusetts has stepped down after it was reported he erroneously claimed he was a college graduate.

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Pro, anti-casino groups launch political campaigns

 August 19, 2014; Updated: 11:55 pm

Voters will decide in November whether to repeal the state’s casino law.

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Supervalu suffers data breach

 August 16, 2014; Updated: 12:08 am

A data breach at Supervalu may have impacted as many as 200 of its grocery and liquor stores and potentially affected retail chains recently sold by the company in two dozen states

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SeaWorld says 'Blackfish' not behind changes

 August 16, 2014; Updated: 12:08 am

New York - After more than a year of public criticism of its treatment of killer whales, SeaWorld said Friday it will build new, larger environments at its parks and will fund research and programs to protect whales in the wild.The...

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Consumer confidence stable on improving job market

 August 15, 2014; Updated: 11:42 pm

Washington - Confidence among U.S. consumers rose for the first time in three weeks on cheaper fuel costs and an improving job market.The Bloomberg Consumer Comfort Index advanced to 36.8 in the period ended Aug. 10 from 36.2 the...

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Wal-Mart trims its profit expectations

 August 15, 2014; Updated: 11:42 pm

Bentonville, Ark. - Wal-Mart Stores Inc. cut its annual profit outlook on Thursday amid sluggish sales, higher-than-expected health care costs and the need to invest more in its e-commerce operations.The world's largest retailer...

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