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Connecticut's Gold Coast is living up to its name, with a record $120 million sale of a waterfront estate in Greenwich leading an increase in sales of homes for more than $10 million.
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AmEx posts higher 1Q profit as spending picks up

The Associated Press  |  posted 10 minutes ago
American Express said Wednesday its net income climbed in the first quarter, helped by higher spending by its cardholders even as cold winter weather gripped much of the country.
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Hot models at this year's New York Auto Show

Dee-Ann Durbin, Associated Press  |  posted 40 minutes ago
With more than 1 million visitors annually, the New York International Auto Show is one of the most important shows for the U.S. auto industry. Here are some of the vehicles debuting this year. The show opens to the public Friday.
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2 House Dems pressing inquiry into Tenn. VW vote

Tom Raum, Associated Press  |  posted 10 minutes ago
Two House Democrats said Wednesday they are beginning their own inquiry into whether Tennessee state officials may have violated "or otherwise run afoul of" federal law by their alleged conduct ahead of a vote by workers at a Volkswagen factory in Chattanooga, Tenn., that rejected a bid to be represented by the United Auto Workers union.
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Freight train industry to miss safety deadline

Joan Lowy, Associated Press  |  posted 20 minutes ago
The freight railroad industry says only one-fifth of its track will be equipped with mandatory safety technology to prevent most collisions and derailments by the deadline set by Congress.
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Cuba publishes text of foreign investment law

Andrea Rodriguez, Associated Press  |  posted 20 minutes ago
Cuba on Wednesday published the full language of a new law that seeks to make it more attractive for foreign investors to bring badly needed capital to the island, but provides less advantage for projects that are 100 percent foreign-financed.
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Official: 6 subpoenas in NY stock trade probe

Michael Virtanen, Associated Press  |  posted 29 minutes ago
An official familiar with the investigation says the New York Attorney General's Office has issued subpoenas to six firms and sent a letter to another for details about split-second stock trading and any unfair advantages.
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IBM posts lower 1Q earnings amid hardware slump

Barbara Ortutay, Associated Press  |  posted 30 minutes ago
IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exasperated by weaker demand in China and emerging markets.
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Analysis: Recent California newspaper editorials

The Associated Press  |  posted 30 minutes ago
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Missouri lawmakers pass tax cut; veto possible

David A. Lieb, Associated Press  |  posted 30 minutes ago
Setting up a potential veto showdown, the Republican-led Missouri Legislature gave final approval Wednesday to an income tax cut for millions of individuals and thousands of business owners that Democratic Gov. Jay Nixon has warned could imperil funding for public schools and services.
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Reynolds brings back Susan Cameron as CEO

The Associated Press  |  posted 39 minutes ago
Reynolds American has elected board member and former leader Susan Cameron as president and CEO of the tobacco company.
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AP-BROADCAST-MEDIA STOCKS

The Associated Press  |  posted 40 minutes ago
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German media boss says he's scared of Google

The Associated Press  |  posted 40 minutes ago
The head of Germany's biggest media company says he is afraid of Google and wants the company to become more transparent.
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Iowa House approves shift in university funds

The Associated Press  |  posted 40 minutes ago
Lawmakers from the Iowa Senate and House have agreed to meet to hammer out details on an education budget, as the chambers have not agreed on public university spending increases, among other provisions.
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Appeals court upholds Snowden email firm contempt

Larry O'Dell, Associated Press  |  posted 40 minutes ago
A federal appeals court on Wednesday upheld a contempt of court citation against an email service provider used by National Security Agency leaker Edward Snowden.
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