National
Retailers report higher December sales
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- Published on 01/03/2013 - 8:36 am
- Written by Associated Press
(AP) — A last-minute surge in spending helped many major retailers report better-than-expected sales in December, a relief for stores that make up to 40 percent of annual revenue during the holiday period.
2013 auto sales will be strong, firm predicts
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- Published on 01/02/2013 - 3:49 pm
- Written by Associated Press
(AP) — A healthier economy and more model introductions should push U.S. auto sales above the 15 million mark this year, predicts an auto industry research firm.
Cities chart course through pension morass
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- Published on 01/02/2013 - 2:24 pm
- Written by DAVID KLEPPER, Associated Press
(AP) — In Philadelphia, pension costs doubled in a single decade. Cities in Rhode Island dimmed streetlights, raised taxes and put off road repairs. Stockton, Calif., fell into bankruptcy.
US manufacturing expanded slightly last month
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- Published on 01/02/2013 - 2:07 pm
- Written by CHRISTOPHER S. RUGABER, AP Economics Writer
(AP) — U.S. manufacturing grew slightly last month and factory hiring increased. The modest gain suggests the economy entered the new year with some momentum.
Storm impedes salvage of grounded drilling ship
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- Published on 01/02/2013 - 12:07 pm
- Written by MARY PEMBERTON, Associated Press
(AP) — High seas and strong winds prevented crews from boarding an oil drilling ship to check for any damage after the large vessel went aground off an uninhabited island in the Gulf of Alaska.
Stocks soar on budget deal, but problems lurk
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- Published on 01/02/2013 - 9:43 am
- Written by CHRISTINA REXRODE, AP Business Writer
(AP) — The "fiscal cliff" compromise, even with all its chaos, controversy and unresolved questions, was enough to ignite the stock market on Wednesday, the first trading day of the new year.
Congress OKs cliff deal, signaling future fights
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- Published on 01/02/2013 - 9:38 am
- Written by ALAN FRAM, Associated Press
(AP) — Congress' excruciating, extraordinary New Year's Day approval of a compromise averting a prolonged tumble off the fiscal cliff hands President Barack Obama most of the tax boosts on the rich that he campaigned on. It also prevents House Republicans from facing blame for blocking tax cuts for most American households, though most GOP lawmakers parted ways with Speaker John Boehner and opposed the measure.
Low-cost Chinese film sets new record
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- Published on 01/02/2013 - 8:36 am
- Written by Associated Press
(AP) — A low-budget, domestically produced comedy has unexpectedly become the highest-grossing Chinese film to date.
FDA approves 1st new tuberculosis drug in 40 years
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- Published on 12/31/2012 - 3:58 pm
- Written by MATTHEW PERRONE, AP Health Writer
(AP) — The Food and Drug Administration on Monday approved a Johnson & Johnson tuberculosis drug that is the first new medicine to fight the deadly infection in more than four decades.
US hits borrowing limit, moves to avoid default
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- Published on 12/31/2012 - 3:54 pm
- Written by CHRISTOPHER S. RUGABER, AP Economics Writer
(AP) — The U.S. government is running up against its $16.4 trillion borrowing limit and is taking steps to avoid default.
