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The European Union has unveiled a long-term strategy to help its technology companies compete with U.S. giants like Google and Amazon by unifying the continent's digital sector and taking a hard line on abuses by dominant firms.
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BMW profits rise on SUVs, strong sales in UK, US

The Associated Press  |  posted 9 minutes ago
German luxury carmaker BMW increased its profits in the first quarter thanks to strong demand for its expensive SUVs and higher sales in the U.S. and Britain as well as in a recovering European market.
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Survey: Hiring by US businesses slows sharply in April

Christopher S. Rugaber, Associated Press  |  posted 49 minutes ago
U.S. companies hired in April at the slowest pace in nearly a year and a half, a private survey found, as the strong dollar dragged down overseas sales and energy companies cut back on spending in the face of lower oil prices.
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Film Production Begins on Munich Memorial Documentary

The Foundation for Global Sports Development, Associated Press  |  posted May 6th - 7:30am
conceived to recognize the courage of the fallen athletes and their families and convey the possibility of reconciliation for all involved.
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Mixed signals emerge for eurozone economy

Pan Pylas, Associated Press  |  posted May 6th - 6:00am
Following a solid start to the year, signs emerged Wednesday that the 19-country eurozone economy is losing some traction.
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Greece makes IMF payment but another, bigger one looms

Elena Becatoros, Associated Press  |  posted May 6th - 5:50am
With Greece's cash flow problems growing by the day and negotiations with its creditors on the ropes, Athens managed to make a 200 million euro ($222 million) repayment to the International Monetary Fund on Wednesday.
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GlaxoSmithKline opts to hold on to HIV business

Danica Kirka, Associated Press  |  posted 9 minutes ago
British-based drugmaker GlaxoSmithKline opted Wednesday to keep its stake in its stand-alone HIV business as it set out its strategy following a big deal with Switzerland's Novartis.
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Yellen says bank regulators making progress in reforms

Martin Crutsinger, Associated Press  |  posted 27 minutes ago
Federal Reserve Chair Janet Yellen said Wednesday that the Fed and other banking regulators have made significant progress in correcting flaws in the financial system that triggered the worst banking crisis in seven decades.
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Early gains for US stocks after some solid company earnings

The Associated Press  |  posted 49 minutes ago
Stronger earnings from several U.S. companies are sending stock prices higher in early trading.
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US productivity drops at 1.9 percent rate in first quarter

Josh Boak, Associated Press  |  posted May 6th - 7:00am
U.S. worker productivity declined in the first three months of the year as labor costs jumped, reflecting a slowdown in growth.
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UK 'flash crash' trader: I was just good at my job

The Associated Press  |  posted May 6th - 6:50am
A British financial trader accused of helping to set off a "flash crash" on Wall Street in 2010 from his London home claimed Wednesday he was just good at his job as he fights extradition to the U.S.
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Iran to release seized Maersk vessel after it pays fine

Amir Vahdat, Associated Press  |  posted May 6th - 6:41am
A Marshal Islands-flagged cargo vessel seized by Iranian forces as it was traversing the Strait of Hormuz last month will likely be released in two days, after it pays a fine, Iran's Foreign Ministry spokeswoman said Wednesday.
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US productivity slumps 1.9 percent in Q1, while labor costs rise in sign of weaker growth

The Associated Press  |  posted May 6th - 6:31am
US productivity slumps 1.9 percent in Q1, while labor costs rise in sign of weaker growth.
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Alexion Pharma to pay $8.4 billion for Synageva BioPharma

The Associated Press  |  posted May 6th - 6:00am
to buy Synageva BioPharma, a fellow rare disease treatment developer with no products on the market that booked a first-quarter loss of nearly $60 million.
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Philippines says notorious bomb-maker killed by rebels

The Associated Press  |  posted May 6th - 5:51am
A Filipino bomb-maker who was one of the country's top terror suspects was killed by Muslim rebels who earlier signed a peace deal with the government, the Philippine military said Wednesday.
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Austria: Train collision kills 1, at least 1 seriously hurt

The Associated Press  |  posted May 6th - 5:40am
Austrian railway officials say two passenger trains have collided head-on near the southern city of Graz, killing one person and leaving at least another seriously injured.
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