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  • Alibaba promises action against fake goods after criticism

    BEIJING (AP) — E-commerce giant Alibaba has pledged to do more to stop sales of counterfeit goods following a public dispute with a Chinese regulator that accused it of failing to protect consumers. Alibaba founder…

  • Markets brace for Big Oil profit plunge

    NEW YORK (AP) — It’s just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a promising earnings season into a…

  • US pay and benefits rose at slightly faster pace last year

    WASHINGTON (AP) — Wages and benefits rose at a slightly healthier rate last year, a sign strong job gains could be forcing companies to pay a bit more for workers. The Labor Department said Friday…

  • Bosnian arms exporter accuses ministers over Ukraine deal

    SARAJEVO, Bosnia-Herzegovina (AP) — A Bosnian arms exporter has made a criminal complaint against the country’s current and former ministers of trade for blocking a 5 million-euro deal with Ukraine because of objections from Russia.…

  • Ohio State expects $3M royalties bump after championship win

    COLUMBUS, Ohio (AP) — Ohio State University is cashing in after the Buckeyes’ victory in the NCAA’s championship football game. The university expects a $3 million increase this year in royalties from licensed merchandise sales…

  • US consumer sentiment rises to highest level since 2004

    WASHINGTON (AP) — U.S. consumers are more confident than they’ve been since January 2004. The University of Michigan said Friday that its index of consumer sentiment rose to 98.1 in January from 93.6 last month.…

  • US stock markets edge lower on mixed US economic data

    U.S. stocks drifted lower in early trading Friday as investors sized up the latest batch of corporate earnings. They also digested data showing the U.S. economy slowed in the final quarter of last year even…

  • Sons of woman who died on smoke-filled subway file lawsuit

    WASHINGTON (AP) — The sons of a woman who died after smoke filled a Washington subway train are suing the Metro transit agency for $50 million. Attorney Patrick Regan filed the lawsuit Friday on behalf…

  • MasterCard tops Street 4Q forecasts

    PURCHASE, N.Y. (AP) — MasterCard reported a 28 percent rise in fourth-quarter profits, as consumers spent more on MasterCard’s payment network The Purchase, New York-based company said Friday it had a profit of $801 million,…

  • US economic growth slows to 2.6 percent in fourth quarter

    WASHINGTON (AP) — U.S. economic growth slowed in the final three months of 2014 as a big burst of consumer spending was offset by weakness in other areas. Gross domestic product grew at a 2.6…

  • US-backed Mexico dam project triggered protest, rare defeat

    SANTA URSULA, Mexico (AP) — When the U.S. government backed construction of a new hydroelectric plant in southwestern Mexico, residents rose up and defeated a three-year, $30 million project supported by the little-known Overseas Private…

  • UN: Destruction of Syria chemical weapons facilities begins

    UNITED NATIONS (AP) — International investigators say the destruction of Syria’s chemical weapons production facilities has begun. The latest report by the Organization for the Prohibition of Chemical Weapons says the destruction of the 12…

  • Germany rejects notion of Greek debt write-off

    ATHENS, Greece (AP) — Germany bluntly rejected on Friday suggestions that Greece should be forgiven repayment of its rescue loans, while a top eurozone official said there was no decision yet on what to do…

  • Shake Shack shares more than double in stock market debut

    NEW YORK (AP) — Investors are craving burgers and crinkle-cut fries. Shares of Shake Shack Inc. have more than doubled minutes after they debuted on the stock market debut Friday. The New York-based burger chain…

  • Marlboro maker Altria’s 4Q profit more than doubles

    RICHMOND, Va. (AP) — Marlboro maker Altria Group Inc.’s profit more than doubled in the fourth quarter on higher cigarette prices and lower costs for paying down debt. The owner of the nation’s biggest cigarette…