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Business News
Global markets stabilize; US indexes open higher on earnings
NEW YORK (AP) -- Global stock markets steadied Tuesday as a rout in Chinese shares slowed and U.S. indexes turned higher. European shares also gained. Investors were encouraged by strong results from UPS, Ford and other big companies....
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SuperValu may spin off Save-A-Lot into separate company
NEW YORK (AP) -- SuperValu said Tuesday that it may spin off its discount grocer Save-A-Lot into a separate publicly traded company as competition in the industry intensifies....
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US consumer confidence falls to lowest level since September
WASHINGTON (AP) -- U.S. consumer confidence fell this month to the lowest level since September. Consumers are worried about the job market and rattled by events in Greece and China....
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SBA loans to resume after Congress raises lending limit
NEW YORK (AP) -- Small businesses will soon be able to get loans approved again by the federal government....
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Merck tops Street 2Q forecasts despite lower sales, profit
Merck & Co.'s second-quarter profit plunged by two-thirds, hammered by the sale of its consumer business, unfavorable currency exchange rates, lower sales of some key drugs and hefty one-time charges....
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