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Business News
Q&A: Puerto Rico's debt crisis explained
NEW YORK (AP) -- Puerto Rico's worsening debt crisis is dimming the economic outlook for the U.S. territory and putting pressure on Congress to help resolve the situation but it is having little effect on the market for municipal bonds and most investors....
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Energy explorers Halliburton and Baker Hughes abandon merger
WASHINGTON (AP) -- Two companies crucial to the business of U.S. energy exploration, Halliburton and Baker Hughes, have abandoned their planned merger in the face of opposition by regulators who said it would hurt competition....
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US stocks rise slightly in afternoon trade; Japan sinks
NEW YORK (AP) -- U.S. stock indexes were slightly higher Monday afternoon, recovering some of last week's steep declines. Japan's market fell sharply....
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Buffett praises Fed but warns of unintended consequences
OMAHA, Neb. (AP) -- Investor Warren Buffett said the Federal Reserve and other policymakers are generally doing a good job, but it's difficult to predict all the effects of interest rates remaining low for this long....
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US construction spending up 0.3 pct., led by home building
WASHINGTON (AP) -- U.S. construction spending advanced in March to its highest level in more than eight years. Gains in home building and nonresidential construction offset a drop in government projects....
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