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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 midday 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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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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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 after a news report saying it hired a law firm sent its stock plummeting....
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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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India says 3Q growth faster than China's at 7.3 percent
NEW DELHI (AP) -- India said its economy grew 7.3 percent in the last three months of 2015, a rate of expansion that puts the South Asian nation ahead of China's 6.8 percent growth during the same period....
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