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Business News
US stocks fall sharply on bleak Chinese manufacturing report
NEW YORK (AP) -- Stock markets plunged again Tuesday, continuing a rocky ride for Wall Street, after gloomy economic data out of China rekindled fears that the world's second-largest economy is slowing more than previously anticipated. U.S. stocks are coming off their worst month in more than three years. The price of oil sank, giving up most of the gain it made from the day before....
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Russia's flagship airline to take over domestic rival
MOSCOW (AP) -- Russia's second-largest passenger airline, the struggling Transaero, will be taken over by the country's top carrier, Aeroflot....
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US auto market remains bright spot as China pulls back
DETROIT (AP) -- U.S. auto sales remain a bright spot in a global car market encountering turbulence in important countries such as China....
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US factory output up in August at slowest pace since May '13
WASHINGTON (AP) -- A strong dollar and China's economic slowdown dragged growth at U.S. factories to the lowest level since May 2013....
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US construction spending reaches highest level in 7 years
WASHINGTON (AP) -- U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants....
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