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  • US markets dive amid global selloff

    U.S. stocks moved sharply lower early Thursday following steep market declines all around the world as concerns about global economic weakness intensified. Financials stocks were among the biggest decliners as investors worried that interest rates…

  • Congress likely to give final OK to local Internet tax ban

    WASHINGTON (AP) — State and local governments would be permanently barred from taxing access to the Internet under a bipartisan compromise the Senate began pushing toward final congressional approval. The Senate was expected to vote…

  • Average US rate on 30-year mortgage falls to 3.65 percent

    WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far. Mortgage buyer Freddie…

  • IMF nominates managing director Lagarde for second term

    WASHINGTON (AP) — The International Monetary Fund has nominated managing director Christine Lagarde for a second five-year term. The IMF executive board said Thursday that Lagarde was the only candidate nominated. In 2011, Lagarde was…

  • TransCanada takes 4Q hit after Obama blocks Keystone XL

    CALGARY, Alberta (AP) — Energy company TransCanada Corp. says it lost US$1.79 billion (CA$2.5 billion) in the fourth quarter, mostly because of its stalled Keystone XL pipeline proposal. The Calgary-based company reported Thursday that it…

  • Indonesia warns messaging apps to drop same-sex emoticons

    JAKARTA, Indonesia (AP) — Indonesia’s government has demanded that instant messaging apps remove stickers featuring same-sex couples, in the latest high-profile attempt to discourage visible homosexuality in the socially conservative country. The government move comes…

  • Reynolds American 4Q profit jumps, but misses forecasts

    NEW YORK (AP) — Cigarette maker Reynolds American’s fourth-quarter profit shot up 89 percent compared to the final quarter of 2014, when earnings fell due to some one-time costs. The parent of Camel and Pall…

  • Young adults swipe right on Tinder, but is it just a game?

    NEW YORK (AP) — Online dating services are now hip with young adults, but not always for dating. Credit mobile dating apps such as Tinder, which incorporate fun elements and are dead simple to use.…

  • 2 Uber execs facing jail in France amid tensions with taxis

    PARIS (AP) — Two top Uber executives appeared Thursday in court in charges that could send them to prison and offer the ride-hailing company one of its most serious legal challenges to date in France.…

  • Authorities reach $3.2B settlement with Morgan Stanley

    ALBANY, N.Y. (AP) — Federal and state authorities on Thursday announced a $3.2 billion settlement with Morgan Stanley over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed…

  • The Latest: US stocks join the global market slump

    LONDON (AP) — The latest on the turmoil afflicting global financial markets (all times local): 2:50 p.m. As anticipated by futures markets, U.S. stocks have taken a big hit at the open. Shortly after trading…

  • US markets dive amid global selloff

    U.S. stocks opened sharply lower following steep market declines all around the world as concerns about global economic weakness intensified. Bank stocks were hit hard Thursday as investors worried that interest rates in the U.S.…

  • Key developments since North Korea’s rocket launch

    Tensions with North Korea have escalated sharply since the country launched a long-range rocket to put a satellite into orbit on Sunday. A look at the latest developments: — NORTH KOREA FREEZES SOUTH KOREAN ASSETS…

  • PepsiCo’s revenue in North America climbs, helped by pricing

    NEW YORK (AP) — PepsiCo said revenue for its North American snacks and drinks units rose in the fourth quarter, boosted by pricing. The maker of Frito-Lay chips and Gatorade drinks has been retooling its…

  • Italy passes bank reforms, but shares drop further

    MILAN (AP) — Italian bank shares continue to slide despite the Cabinet’s approval of a batch of long-awaited banking reforms. Bank shares were broadly down Thursday, as the Milan Stock Exchange’s benchmark index fell 5…