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  • P&G fiscal 2Q earnings drop 31 pct, hurt by exchange rates

    Procter & Gamble’s second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world’s largest consumer products maker. The Cincinnati company, which sells products ranging from Tide detergent to…

  • US home price gains slow in November on weaker sales

    WASHINGTON (AP) — U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of available houses. The Standard & Poor’s/Case-Shiller 20-city home price index, released Tuesday,…

  • Philips’ net profit slumps in 4th quarter, sales edge lower

    AMSTERDAM (AP) — Royal Philips NV, the world’s biggest lighting maker, said Tuesday that its net profit slumped in 2014’s fourth quarter to 134 million euros ($ 151 million) from 412 million euros a year…

  • US loans fueled insider deal, failed power plan in Liberia

    BUCHANAN, Liberia (AP) — The auburn-red soil and lush green vegetation lured the foreign investors to Liberia’s third-largest city with visions of environmental gold. They formed a company, Buchanan Renewables, and set anchor, crafting a…

  • As storm rushes in, airlines cancel while salt sellers gain

    Businesses large and small are feeling the effects of a huge snowstorm sweeping into the Northeast Monday. For some, wintry weather is derailing activity: Airlines canceled thousands of flights. Car dealers expect to lose a…

  • Va. panel votes to protect gays from job discrimination

    RICHMOND, Va. (AP) — A Virginia Senate committee voted Monday to prohibit discrimination in public employment on the basis of sexual orientation or gender identity. The measure proposed by Sen. Donald McEachin, a Henrico County…

  • Business Highlights

    ___ Cuban youth build secret computer network despite Wi-Fi ban HAVANA (AP) — Cut off from the Internet, young Cubans have quietly linked thousands of computers into a hidden network that stretches miles across Havana,…

  • IBM “flatly denies” report of mass layoffs

    SAN FRANCISCO (AP) — Calling it “ridiculous” and “baseless,” IBM on Monday dismissed a report that said the technology giant plans to lay off 1 in 4 of its workers, or 100,000 people. The company…

  • Gov’t to overhaul Medicare payments to doctors, hospitals

    WASHINGTON (AP) — Medicare will change the way it pays hospitals and doctors to reward quality over volume, the Obama administration said Monday, in a shift that officials hope will be a catalyst for the…

  • Hard Rock (again) dips toe into Atlantic City casino market

    ATLANTIC CITY, N.J. (AP) — Florida’s Seminole Indians are renewing their torturous debate about entering Atlantic City’s gambling market. The tribe, which owns the Hard Rock brand, has long played the role of Hamlet, wrestling…

  • Milk industry fights back against ‘anti-dairy folks’

    NEW YORK (AP) — The milk industry is fed up with all the sourness over dairy. As Americans continue turning away from milk, an industry group is pushing back at its critics with a social…

  • Mattel CEO resigns, toy maker results miss expectations

    Mattel Chairman and CEO Bryan Stockton has resigned after the struggling maker of Barbie dolls and Hot Wheels cars reported fourth-quarter results that fell far short of analyst expectations. Shares of the El Segundo, California,…

  • Guide to government claims for pothole damage

    WASHINGTON – In the days and weeks ahead, potholes will bloom on area roads as predictably as flowers in spring.  Driving into a pothole can cause a blown tire, a bent wheel rim or worse…

  • Death toll from GM ignition switches rises to at least 50

    DETROIT (AP) — With only five days left before the deadline to seek payments, compensation expert Kenneth Feinberg has decided that 50 death cases are eligible for money due to crashes caused by faulty General…

  • Update on the latest business

    FINANCIAL MARKETS Stocks drift between gains and losses as investors weigh earnings, mergers and news on Greece NEW YORK (AP) — U.S. stock indexes are drifting between small gains and losses, as investors weigh the…