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Major stock indexes were mostly higher on Friday as the market comes off a massive two-day rally spurred by the Federal Reserve's assurance that it was in no hurry to hike interest rates. The Standard & Poor's 500 index is on pace to close with its second-best weekly gain this year.
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5 topics for Obama's year-end news conference

By Julie Pace and Jim Kuhnhenn, Associated Press  |  posted Dec 19th - 9:20am
Before President Barack Obama jets off to Hawaii for his annual Christmas vacation, he will carry out a White House ritual: the year-end news conference.
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STOCKS IN THE SPOTLIGHT

The Associated Press  |  posted 12 minutes ago
Sales, noon price and net change of the 15 most active New York Stock Exchange issues, trading nationally.
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Cuban cigar boom? Stores and customers say not yet

By Rachel La Corte and Kelli Kennedy, Associated Press  |  posted 12 minutes ago
The Cuban cigar is set to make its first legal appearance U.S. in years, with relaxed guidelines allowing travelers to return with a few in their suitcases. But the cigars won't roll into stores just yet, and owners say they aren't worried about business.
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New Jersey beach owner sues over dune project

By Wayne Parry, Associated Press  |  posted 12 minutes ago
A major Jersey shore beach owner is suing the state, the federal government and the borough of Point Pleasant Beach over a project to establish protective sand dunes along the state's shoreline.
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Amazon, Macmillan reach multiyear deal

By Hillel Italie, Associated Press  |  posted 12 minutes ago
Another major publisher has reached a multiyear deal with Amazon.com.
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APNewsBreak: Sandusky won't get his pension back

By Mark Scolforo, Associated Press  |  posted 19 minutes ago
Former Penn State assistant football coach Jerry Sandusky has lost a legal battle to restore his $4,900-a-month pension, a benefit that was canceled two years ago after he was sentenced for child molestation.
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Governor: Audit on federal money is misleading

The Associated Press  |  posted 22 minutes ago
Republican Gov. Gary Herbert is disputing a report from Utah's state auditor this week that found federal money is the state's largest single revenue source.
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T-Mobile paying up to $90M in refunds for unwanted services

The Associated Press  |  posted 31 minutes ago
T-Mobile US will issue up to $90 million in refunds for billing customers for cellphone text services they didn't order, under a settlement with federal regulators.
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Unemployment rates fell in 41 US states last month

By Christopher S. Rugaber, Associated Press  |  posted 32 minutes ago
Unemployment rates fell in 41 U.S. states in November and were unchanged in six more, reflecting healthy job gains across the country.
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Another big catch for Thai co. in $1.5B bid for Bumble Bee

The Associated Press  |  posted 42 minutes ago
A Thai food company may be landing another whopper in the U.S. with its $1.5 billion bid for Bumble Bee Seafoods.
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Air France-KLM stock drops on profit warning

The Associated Press  |  posted 42 minutes ago
Air France-KLM shares have plunged more than 8 percent in the wake of the airline's warning that weak demand on several long-haul routes and other factors would wipe hundreds of millions off profits this year.
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100 million euros in assets seized in Rome 'mafia' probe

The Associated Press  |  posted Dec 19th - 9:31am
Police have seized construction companies, apartments, villas and a yacht belonging to a businessman who authorities allege consorted with a Mafia-like gang in Rome with ties to local politicians.
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Utah jobless rate holds steady at 3.6 percent

The Associated Press  |  posted Dec 19th - 9:30am
Utah's unemployment rate remained steady last month at 3.6 percent.
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Merck begins offer for Cubist shares in $8.4 billion deal

The Associated Press  |  posted Dec 19th - 9:10am
The drugmaker Merck is launching its previously-disclosed $8.4 billion offer to buy Cubist Pharmaceuticals shares in a deal that aims to strengthen its ability to treat serious infections, an issue drawing growing concern globally.
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