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US airline probe would need proof beyond business as usual

AP Photo/Matt Rourke WASHINGTON (AP) — Experts say the government faces a challenge as it investigates possible collusion in the airline industry. It’ll have to prove that carriers were deliberately signaling business decisions to each other. Any company can limit the...
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Greek villagers secret weapon: Grow your own food

AP Photo/Spyros Tsakiris KARITAINA, Greece (AP) — Ilias Mathes has protection against bank closures, capital controls and the slashing of his pension: 10 goats, some hens and a vegetable patch. If Greece’s financial crisis deepens, as many believe it must, he can feed...

China reduces planned IPOs for July after market turmoil

BEIJING (AP) — China has sharply cut the number of initial stock offerings it will allow this month following this week’s plunge in share prices. The securities regulator said Friday on its microblog account that it will allow 10 companies to sell shares. It gave no...
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Insurer Aetna to buy Humana in $37B deal

AP Photo/Jessica Hill HARTFORD, Conn. (AP) — Health insurer Aetna Inc. has made a deal to buy competitor Humana Inc. in a $37 billion deal the companies say would create the second-largest managed care company. Adding Humana’s large business in Medicare Advantage, the...
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Malaysian premier denies he got $700 million from state fund

AP Photo/Joshua Paul KUALA LUMPUR, Malaysia (AP) — Malaysian Prime Minister Najib Razak on Friday denied news reports that $700 million ($2.6 billion) were funneled from an indebted state investment fund into his personal accounts. The investment fund 1MDB, which has...
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Let’s make a deal: mega-mergers drive M&A frenzy

AP Photo/Richard Drew NEW YORK (AP) — Deal makers from New York to London had a busy first half of the year, and mega-mergers drove the frenzy. Companies around the world announced mergers and acquisitions worth $2.3 trillion, according to figures from data provider...
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Company town? In Seattle, some fret over Amazon’s growth

AP Photo/Elaine Thompson SEATTLE (AP) — Seattle, notorious for boom-and-bust cycles stretching back to the 19th century Alaska gold rush, is booming once again. Thickets of yellow cranes have crowded the skyline, where new glass-sided office buildings, hotels and apartment...
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Military recruits still not using American-made sneakers

AP Photo/Stephan Savoia BOSTON (AP) — New Balance thinks the U.S. military is dragging its feet. Last April, the Department of Defense announced military recruits would start using athletic shoes 100 percent made and manufactured in America, in recognition of a law Congress...

Judge rejects ex-Goldman board member’s bid for exoneration

NEW YORK (AP) — An ex-Goldman Sachs and Procter & Gamble board member was told Thursday that he can’t use a court’s ruling in another case to nullify his insider-trading conviction. U.S. District Judge Jed Rakoff in Manhattan rejected Rajat Gupta’s...
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Experts give their take on jobs, Fed and financial markets

AP Photo/Alan Diaz NEW YORK (AP) — If investors hoped Thursday’s U.S. jobs report would give them clarity, they were probably disappointed. The report, one of the most-watched pieces of news in financial markets, painted a mixed picture for U.S. employment. And it...