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  • Dow Jones industrial average surges more than 400 points, its biggest gain in three years

    NEW YORK (AP) — Dow Jones industrial average surges more than 400 points, its biggest gain in three years.

  • Digital dilemma: How will US respond to Sony hack?

    WASHINGTON (AP) — The detective work blaming North Korea for the Sony hacker break-in appears so far to be largely circumstantial, The Associated Press has learned. The dramatic conclusion of a Korean role is based on subtle clues in the hacking tools left behind and the involvement of at least one computer in Bolivia previously…

  • Feds: Uganda-based man counterfeited $2M in cash

    PITTSBURGH (AP) — Federal authorities have charged a man with leading a multimillion-dollar international counterfeit money operation based in Uganda and shipping bogus bills to the United States. Ryan Andrew Gustafson was charged with conspiracy to commit offenses against the United States and counterfeiting acts committed outside the U.S., authorities said. “In short, these bills…

  • Gold, silver flat

    NEW YORK (AP) — The December gold contract on the New York Mercantile Exchange closed today at $1,194.70 an ounce — up 40 cents. The current silver contract on the “NYMEX” was unchanged at $15.89 an ounce.

  • Investors say ‘bye,’ but not ‘ciao,’ to stock pickers

    NEW YORK (AP) — Stock pickers might as well wear a scarlet “A.” “Active management” is becoming more of a taboo when it comes to mutual funds. Many investors are abandoning actively managed funds, wary of their high fees and recently disappointing performance. Instead, they’re funneling money into lower-cost index funds, which aim to match…

  • Putin: West wants to defang, declaw Russian bear

    MOSCOW (AP) — Sternly warning the West it cannot defang the metaphorical Russian bear, a confident-looking President Vladimir Putin promised Thursday to shore up the plummeting ruble and revive the economy within two years. While he issued a litany of sharp rebukes against the West, Putin struck a conciliatory note on Ukraine, saying that the…

  • President signs legislation ending Nazi benefit checks

    WASHINGTON (AP) — President Barack Obama on Thursday capped a swift and forceful response to an Associated Press investigation by signing into law a measure that bars suspected Nazi war criminals from receiving U.S. Social Security benefits. AP’s investigation, which was the impetus for the No Social Security for Nazis Act, found that dozens of…

  • IRS head says budget cuts could delay tax refunds

    WASHINGTON (AP) — IRS Commissioner John Koskinen says budget cuts just enacted by Congress could delay tax refunds next year. At a news conference Thursday, Koskinen said taxpayer services will be hurt, and fewer agents will be auditing returns. He said about half the people who call the agency for assistance won’t be able to…

  • ‘Team America’ screenings also pulled from theaters

    NEW YORK (AP) — Programmed as a playful substitute to “The Interview,” Trey Parker and Matt Stone’s North Korea comedy “Team America: World Police” also has been pulled from theaters. After Sony dropped its planned Dec. 25 release of “The Interview” on Wednesday, a handful of theaters plugged in 10-year anniversary screenings of “Team America,”…

  • Obama signs bill to sanction Venezuelan officials

    WASHINGTON (AP) — President Barack Obama has signed legislation into law allowing him to sanction Venezuelan government officials who were involved in a crackdown on anti-government protesters. The bill authorizes sanctions that would freeze the assets and ban visas for anyone accused of carrying out acts of violence or violating the human rights of those…

  • Timeline of the Sony Pictures Entertainment hack

    It’s been four weeks since hackers calling themselves Guardians of Peace began their cyberterrorism campaign against Sony Pictures Entertainment. In that time thousands of executive emails and other documents have been posted online, employees and their families were threatened, and unreleased films were stolen and made available for illegal download. The hackers then escalated this…

  • NASA’s Orion spacecraft back in Florida after test flight

    CAPE CANAVERAL, Fla. (AP) — NASA’s experimental Orion spacecraft left Florida by rocket and returned by truck. The capsule arrived back at Kennedy Space Center in Florida on Thursday. It rocketed into orbit Dec. 5, traveling 3,600 miles into space on an unmanned test flight that proved to be a great success. NASA plans to…

  • Q&A: Drones might help explain how tornadoes form

    DENVER (AP) — Researchers say they have collected promising weather data by flying instrument-laden drones into big Western and Midwestern storms. Now, they want to expand the project in hopes of learning more about how tornadoes form. Drones can penetrate parts of weather systems that other instruments can’t reach, and they can do it at…

  • Obama waives sanctions authority despite new law

    WASHINGTON (AP) — President Barack Obama signed legislation Thursday authorizing new sanctions on Russia but said he does not plan to impose the penalties outlined in the measure. White House officials have said Obama has concerns that the measure was not in line with his policy of enacting sanctions in tandem with the European Union.…

  • US stocks rise; Oracle leads technology stocks higher

    NEW YORK (AP) — U.S. stocks rose sharply Thursday, led gains in by technology stocks as Oracle surged following a strong earnings report. Energy stocks lagged the market as the price of crude oil resumed its slide. KEEPING SCORE: The Standard & Poor’s 500 index rose 35 points, or 1.7 percent, to 2,047 as of…