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Business News
US stocks waver at midday after Alibaba debut
NEW YORK (AP) -- The stock market wavered midday Friday as Wall Street watched Alibaba soar in its first day of trading. The Standard & Poor's 500 index edged above the record level reached the day before....
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Exxon to wind down Russian drilling project
IRVING, Texas (AP) -- Exxon Mobil says it will stop drilling an exploratory well in Russia's Kara Sea in compliance with U.S. sanctions against Russia over Russia's involvement in the Ukraine....
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Stocks rise slightly at midday as Alibaba debuts
NEW YORK (AP) -- U.S. stocks are slightly higher at midday after Chinese e-commerce giant Alibaba made its big debut in the market....
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Pabst Brewing to be sold to Russian company
NEW YORK (AP) -- The maker of Pabst Blue Ribbon beer is being sold to Russian company Oasis Beverages for an undisclosed sum....
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China fines GlaxoSmithKline $492M for bribery
BEIJING (AP) -- Drug maker GlaxoSmithKline was fined $492 million on Friday for bribing doctors in China, the biggest such penalty ever imposed by a Chinese court....
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