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The judge overseeing Detroit's bankruptcy is holding a hearing during a week of significant breakthroughs in the case.
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Union Pacific railroad's 1Q profit up 14 percent

The Associated Press  |  posted 9 minutes ago
The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments.
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Chipotle 1Q profit misses view, sales surge

The Associated Press  |  posted 9 minutes ago
Mexican food chain Chipotle's first-quarter net income rose 8 percent as higher costs offset a sales surge as more customers bought its burritos and other fare.
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Nigeria: Mr Waheed A Olagunju Appointed Acting Managing Director/CEO, Bank of Industry (BOI)

The Bank Of Industry, Associated Press  |  posted 19 minutes ago
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EU warns Russia against using gas for politics

The Associated Press  |  posted 19 minutes ago
The European Union is warning Russia that interfering with gas deliveries to Ukraine to apply political pressure would backfire by damaging its reputation as a reliable supplier for the EU.
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Time Inc. Names Scott McAllister Senior Vice President, Digital Marketing

Time Inc., Associated Press  |  posted 38 minutes ago
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Tiny power plants hold promise for nuclear energy

Lori Hinnant, Associated Press  |  posted 9 minutes ago
Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the incoming head of the Nuclear Energy Agency told The Associated Press.
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Morgan Stanley's income rose 18 percent

The Associated Press  |  posted 9 minutes ago
Investment bank Morgan Stanley said Thursday that its first-quarter income rose 18 percent from a year ago, helped by higher earnings in its trading and merger and acquisitions advisory businesses.
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Chairman of China conglomerate being investigated

The Associated Press  |  posted 19 minutes ago
China's ruling Communist Party says the chairman of a massive state-owned conglomerate is being investigated for corruption, nine months after the government audited the company.
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Philip Morris Int'l 1Q profit falls nearly 12 pct

Michael Felberbaum, Associated Press  |  posted 29 minutes ago
Philip Morris International Inc. said Thursday that its first-quarter profit dropped nearly 12 percent as cigarette sales fell in the overseas markets that it serves and it was hurt by foreign exchange rates for the U.S. dollar.
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Goldman Sachs earnings fall 11 percent

Steve Rothwell, Associated Press  |  posted 29 minutes ago
Investment bank Goldman Sachs says its first-quarter earnings fell as fixed income trading slumped.
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