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  • How the Dow Jones industrial average fared Tuesday

    U.S. stocks closed lower on Tuesday after disappointing outlooks from Caterpillar and Microsoft raised worries about future profit growth at companies. An unexpected drop in U.S. orders of long-lasting goods also weighed on the markets.…

  • Democrats put brakes on Iran sanctions bill

    WASHINGTON (AP) — Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the…

  • Big costs drag AT&T to 4Q loss, but revenue up 4 percent

    DALLAS (AP) — AT&T booked a nearly $4 billion loss for the fourth quarter because of a slew of one-time expenses that included a loss on benefit plans, but its revenue grew 4 percent to…

  • Tuesday’s Sports Transactions

    BASEBALL Major League Baseball OFFICE OF THE COMMISSIONER — Suspended Los Angeles Dodgers LHP Robert Carson (Oklahoma City-PCL) and OF Theo Alexander (Ogden-Pioneer) and free agent RHPs Kramer Champlin and Kyle Simon 50 games each…

  • White House drops plan to scale back college savings plans

    WASHINGTON (AP) — The White House says it is dropping a proposal to scale back the tax benefits of college savings plans. President Barack Obama made the proposal last week as part of his State…

  • Yahoo to spin off Alibaba stake into separate company

    SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer is spinning off the company’s prized stake in China’s Alibaba Group Holding in a move that will enable Yahoo to avoid paying billions of dollars in future…

  • Record iPhone sales drive blowout quarter for Apple

    SAN FRANCISCO (AP) — Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season. Apple said Tuesday that it sold 74.5 million iPhones…

  • Obama sees need to move on drone rules now

    WASHINGTON (AP) — President Barack Obama says the wayward quadcopter that crashed on the White House grounds — flown by an off-duty intelligence employee — shows that the U.S. must take steps to ensure commercial…

  • Amgen tops Street 4Q forecasts

    Amgen Inc. cruised to a 27 percent jump in fourth-quarter profit and beat Wall Street expectations, due to higher sales of nearly all its medicines, tight cost controls and a tax benefit. The world’s biggest…

  • Pence: website will be ‘1-stop-shopping’ for news releases

    INDIANAPOLIS (AP) — Indiana Gov. Mike Pence moved Tuesday to distance himself from reports that his administration will launch a state-run news site, characterizing descriptions of the site as a “misunderstanding” based on internal documents.…

  • US company outlooks worry investors, sending stocks lower

    U.S. stocks slumped Tuesday after some of the market’s largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year. The companies that rattled the market included Microsoft,…

  • Where did the snow go? Blizzard was a miss, not a bust

    In the wild world of winter weather, location is everything, which New York and Massachusetts learned too well Tuesday. Small last minute changes in the air morphed what was supposed to be crippling feet of…

  • NYC economy lost $200M from fizzled storm, transit shutdown

    NEW YORK (AP) — New York City lost about $200 million in economic activity in the fizzled snow storm and decision to shut down the transit system, but it wasn’t a crippling loss, according to…

  • House GOP moves toward possible lawsuit on immigration

    WASHINGTON (AP) — House Republicans are moving toward authorizing a potential lawsuit against President Barack Obama on immigration, House Speaker John Boehner announced Tuesday, as the GOP struggled for a way to stop the president’s…

  • Airlines begin digging out from storm in northeastern US

    Lingering snow and subfreezing temperatures mean that travel delays in the Northeast will extend through Wednesday, even if the storm wasn’t as bad as expected. Airlines have already cancelled more than 500 flights for Wednesday,…