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NEW YORK (AP) — Stocks have regained much of their earlier losses to close slightly lower after energy stocks dropped with the price of oil and some companies reported weak earnings. The Dow industrial fell 27 points to 17,977 after dropping as much 148 points earlier in the day. The S&P 500 lost 4 points to 2,088. The Nasdaq slid 10 points to 4,896. Benchmark U.S. crude fell $1.09, or 2.5 percent, to $42.64 a barrel.
NEW YORK (AP) — The Justice Department has approved Charter's bid to buy Time Warner Cable and create another cable giant. Buying Time Warner Cable and Bright House Networks will turn mid-sized cable company Charter Communications into the country's No. 2 home Internet provider, after Comcast. The new Charter will be No. 3 in video, trailing Comcast and AT&T, which bought DirecTV last year. Monday's OK comes with conditions meant to preserve competition and protect consumers.
MOBILE, Ala. (AP) — Airbus has delivered its first aircraft to be produced in the United States. Company officials say employees at the Airbus manufacturing plant in Mobile, Alabama, presented the Airbus A321 to JetBlue on Monday. There are nine other A320 family aircraft in production. Airbus says it plans to deliver four per month from Mobile by the end of 2017.
RIYADH, Saudi Arabia (AP) — Saudi Arabia has unveiled a bold reform plan aimed at weaning the country off its "addiction" to oil. The move is an effort to prepare the country for pressures like youth unemployment and revenues eroded by lower oil prices. The so-called Vision 2030 project includes plans for Saudi Arabia to float a stake in Aramco, the world's largest oil company, and set up one of the world's biggest government investment funds.
ALBANY, N.Y. (AP) — Developers of a 124-mile pipeline designed to transport natural gas from Pennsylvania's shale fields say they'll challenge New York's rejection of a critical permit. The Constitution Pipeline Company says that the Department of Environmental Conservation's denial letter is driven by politics. The DEC on Friday denied a water quality permit, saying the project fails to meet standards that protect the streams and wetlands in its path.
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