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Business News
IMF nominates managing director Lagarde for second term
WASHINGTON (AP) -- The International Monetary Fund has nominated managing director Christine Lagarde for a second five-year term....
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US markets dive amid global selloff
U.S. stocks moved sharply lower early Thursday following steep market declines all around the world as concerns about global economic weakness intensified. Financials stocks were among the biggest decliners as investors worried that interest rates in the U.S. and elsewhere would remain low....
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Average US rate on 30-year mortgage falls to 3.65 percent
WASHINGTON (AP) -- Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far....
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Reynolds American 4Q profit jumps, but misses forecasts
NEW YORK (AP) -- Cigarette maker Reynolds American's fourth-quarter profit shot up 89 percent compared to the final quarter of 2014, when earnings fell due to some one-time costs....
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PepsiCo's revenue in North America climbs, helped by pricing
NEW YORK (AP) -- PepsiCo said revenue for its North American snacks and drinks units rose in the fourth quarter, boosted by pricing....
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