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Citi cuts earnings due to regulatory probes

NEW YORK (AP) — Citigroup has slashed its third-quarter earnings by $600 million, saying that recent investigations by regulators have altered the results it reported earlier this month. The New York-based bank on Thursday adjusted its quarterly net income to $2.8 billion...

Starbucks plans delivery after sales fall short

NEW YORK (AP) — After reporting disappointing quarterly sales Thursday, Starbucks said it will offer a delivery option on its mobile app in select areas of the U.S starting next year. The Seattle-based company declined to provide more details, but has been pushing to get...

Nevada court says Strip club dancers are employees

LAS VEGAS (AP) — In a legal decision with wide implications for strip clubs in Sin City, the Nevada Supreme Court ruled Thursday that dancers at one Las Vegas club are employees, not independent contractors, and are entitled to be paid minimum wage. The unanimous ruling...
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Apple CEO publicly acknowledges that he’s gay

Apple chief executive and Alabama native Tim Cook laughs with a group before an Alabama Academy of Honor ceremony at the state Capitol Monday, Oct. 27, 2014, in Montgomery, Ala. Cook and seven others including University of Alabama football coach Nick Saban were inducted into the...

Samsung’s mobile profit sinks 74 percent

SEOUL, South Korea (AP) — Samsung Electronics Co. said Thursday operating profit from its smartphone business plunged 74 percent in the third quarter to its lowest in more than three years amid slowing sales of its flagship Galaxy handsets. The drop battered the South...
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Rocket explosion setback for commercial space

This image taken from video provided by NASA TV shows Orbital Sciences Corp.’s unmanned rocket blowing up over the launch complex at Wallops Island, Va., just six seconds after liftoff. The company says no one was believed to be hurt and the damage appeared to be limited to...
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Apple Pay rival defends service, exclusivity

In this photo taken Friday, Oct. 17, 2014, Eddy Cue, Apple Senior Vice President of Internet Software and Services, demonstrates the new Apple Pay mobile payment system at a Whole Foods store in Cupertino, Calif. The new system launches on Monday. (AP Photo/Eric Risberg) In this...
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What is Orbital Sciences?

This image provided by NASA shows the Orbital Sciences Corporation Antares rocket, with the Cygnus spacecraft onboard, as it suffers a catastrophic anomaly moments after launch from the Mid-Atlantic Regional Spaceport Pad 0A, Tuesday, Oct. 28, 2014, at NASA’s Wallops Flight...
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How well did the Fed’s stimulus work?

FILE – In this May 24, 2011 file photo, Joy Jackson, left, of Glen Burnie, Md., who has been working in temporary positions as an administrative assistant, shakes hands with Beverley Donald, the director of sales at Stewart Enterprises, a funeral company, during a job fair...
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FTC says AT&T misled customers over unlimited data

In this Oct. 21, 2014 photo, people pass an AT&T store in New York’s Times Square. AT&T is being sued by the government over allegations it misled millions of smartphone customers who were promised unlimited data but had their Internet speeds cut by the company —...