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NEW YORK (AP) — U.S. stocks are wobbling in early morning trading as the market comes off its biggest weekly decline since the summer. The price of oil slipped again. Traders are looking ahead to the Federal Reserve's policy meeting this week, at which the Fed is expected to raise interest rates for the first time in nine years. At 11:03 Eastern Time, the Dow is down 61 points, to 17,203. The S&P 500 is down eight points, to 2,004. And the Nasdaq slipped 27 points, to 4,907.
ATLANTA (AP) —Rubbermaid is buying Jarden Corp. in a cash-and-stock deal that creates a $16 billion consumer goods company. Newell Rubbermaid shareholders will own about 55 percent of the combined business. The combined company will be called Newell Brands. Its portfolio will include Paper Mate, Sharpie, Elmer's, Rubbermaid and Graco, among other brands. The deal is targeted to close in 2016's second quarter and it still needs approval from shareholders of both companies.
GENEVA (AP) — China tops the U.S. and Japan combined in patent applications. The World Intellectual Property Organization says China's patents applications last year increased by 12.5 percent, for a total of 928,000 applications. The U.S. had the second-most patent applications at 578,000 while Japan came in third with 325,000.
BRENHAM, Texas (AP) — Most of Texas will have Blue Bell ice cream this week after months of cleaning production plants and regulatory reviews following listeria contamination. The Brenham-based company began returning ice cream to more retail outlets today. Sites in central and southern Alabama also will be getting their Blue Bell back. In April, Blue Bell recalled all products after its treats were linked to 10 listeria cases, including three deaths in Kansas.
PORTSMOUTH, N.H. (AP) — A University of New Hampshire chemist has developed a coffee he says provides the same benefits to the heart as red wine. Chemist Glen Miller tells the Portsmouth Herald that he infused Arabica coffee beans with resveratrol, the natural antioxidant found in the skins of grapes used to make red wine. Miller is selling the coffee through his Vera Roasting Company.
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