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Business News
Stocks fall sharply as banks, tech sectors take a beating
Steep losses in financial, technology and other companies sent U.S. stocks sharply lower in afternoon trading Monday. The decline followed drops in Europe and set the market on course for its second big loss in a row. Crude oil prices slumped again....
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Mazda recalls SUVs due to risk of fuel filler pipe ruptures
DETROIT (AP) -- Mazda is recalling some SUVs because the fuel filler pipe can rupture in a rear crash and cause a gas leak and possible fire....
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Chesapeake says it has no plans to file for bankruptcy
NEW YORK (AP) -- Chesapeake Energy sought to assure investors Monday that it is not planning to file for bankruptcy protection. The announcement came after a news report that said it hired a law firm spooked investors and sent its stock plummeting....
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Chipotle stores to open later on Monday for worker meeting
NEW YORK (AP) -- Chipotle restaurants across the U.S. are opening later than usual Monday as workers gather in movie theaters and hotel conference rooms across the country to discuss the chain's recent food safety scares....
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Yellen will testify amid predictions of slower rate hikes
WASHINGTON (AP) -- Things looked so clear back in mid-December. The Federal Reserve raised its benchmark interest rate from record lows, and it signaled the likelihood of four more hikes in 2016....
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