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Business News
US consumer prices ticking up as Fed weighs first rate hike
WASHINGTON (AP) -- Core consumer prices outside of food and energy posted the biggest increase in April in more than a year, suggesting that an improving U.S. economy is finally starting to lift prices. That could prompt the Federal Reserve to start raising interest rates later this year....
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Expedia sells stake in Chinese travel service
NEW YORK (AP) -- Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million....
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US stocks fall on lower oil prices; inflation ticks up
NEW YORK (AP) -- U.S. stocks slipped in noon trading Friday as energy companies fell along with the price of oil. Investors are weighing the latest batch of corporate earnings results and a report showing a slight increase in inflation last month. They are looking ahead to a speech later in the day by Federal Reserve Chair Janet Yellen....
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US stocks dip; lower oil prices weigh on the energy sector
NEW YORK (AP) -- Stocks are mostly lower in midday trading as energy companies decline along with the price of oil....
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Private equity fund buying Cincinnati-based Frisch's
CINCINNATI (AP) -- Frisch's Big Boy restaurants are being sold to a private equity fund, the company announced Friday, which will end family operation of the Cincinnati-based chain that dates to a 1939 drive-thru....
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