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Business News
HSBC first quarter pretax profits up 4 percent
LONDON (AP) -- HSBC, Europe's biggest bank, said Tuesday that pretax profits were up 4 percent to $7.1 billion in the first quarter from a year earlier, even as it beat back increasing regulatory costs....
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US stocks drift lower after 2-day run; oil price jumps
NEW YORK (AP) -- The U.S. stock market sank Tuesday, taking a break after a two-day run. Chevron and other oil giants rose as crude oil climbed above $60 a barrel for the first time this year....
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US stocks drift lower in midday trading; oil price jumps
NEW YORK (AP) -- Stocks are moving lower in midday trading following two days of gains that brought the market close to a record high....
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New CEO takes over at drugmaker Bristol-Myers Squibb
PLAINSBORO, N.J. (AP) -- Drugmaker Bristol-Myers Squibb has a new CEO, this time a physician who trained in Rome....
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Growth in US services firms picked up speed last month
WASHINGTON (AP) -- U.S. service firms' growth accelerated in April, fueled by more orders, rising sales and an uptick in hiring. The figures provide solid evidence that the economy is recovering from its first-quarter stumble....
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