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Business News
US stocks rise; Oracle leads technology stocks higher
NEW YORK (AP) -- U.S. stocks rose sharply Thursday, led gains in by technology stocks after Oracle surged following a strong earnings report. Energy stocks lagged the market as the price of crude oil resumed its slide....
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Merck buys Swiss biotech with promising cancer drug
KENILWORTH, N.J. (AP) -- Drugmaker Merck says it's bought a Swiss biotech company developing cancer drugs as part of its strategy to be a top player in cancer, one of the hottest pharmaceutical research areas....
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US stocks move higher, building on Fed gains
NEW YORK (AP) -- The U.S. stock market is moving sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates....
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Average US 30-year loan rate falls to 3.80 percent
WASHINGTON (AP) -- Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year....
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Manufacturing growth slows in Philadelphia region
WASHINGTON (AP) -- Manufacturing in the Philadelphia region grew at a much slower pace in December compared with the previous month. But the drop came after factory activity reached its highest level in 21 years in November....
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