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  • A Q&A with Wall Street’s top psychiatrist on market turmoil

    NEW YORK (AP) — When it seems like the stock market has lost its mind, big banks and investment firms often turn to one particular psychiatrist: Richard Peterson, CEO of MarketPsych, a firm that applies…

  • Apple schedules new product event for Sept. 9

    SAN FRANCISCO (AP) — Apple has announced plans for a new product event on Sept. 9 in San Francisco, where the giant tech company is expected to show off new iPhones and other gadgets. The…

  • Ruling could undermine McDonald’s stance on workers

    NEW YORK (AP) — McDonald’s long-held position that it isn’t responsible for workers at its franchised restaurants was dealt a blow on Thursday. The National Labor Relations Board issued a ruling that refines its standard…

  • CD shop owner accused in $2M scheme with shoplifting addicts

    PITTSBURGH (AP) — A record store owner is charged with using heroin addicts to shoplift more than $2 million worth of books, videos, and other products that he then resold online. Anthony Cicero, 50, of…

  • Dole Food CEO, chief counsel ordered to pay $148M

    DOVER, Del. (AP) — A Delaware judge has ordered the CEO of Dole Food Co. and his former right-hand man to pay $148 million in damages for misleading directors and shareholders in a deal that…

  • McDonald’s, Tyson cut ties with farmer tied to abuse video

    NEW YORK (AP) — McDonald’s and its supplier Tyson Foods say they’ve cut ties with a chicken farmer after an advocacy group released a video taken with a hidden camera that the group said showed…

  • Update on the latest in business:

    FINANCIAL MARKETS US stocks rise after Chinese market surges NEW YORK (AP) — U.S. stocks climbed this morning as investors took advantage of this week’s big sell-off to add to their holdings. The stock market…

  • FDA issues warning letters to “natural” tobacco makers

    NEW YORK (AP) — The Food and Drug Administration issued warning letters to the makers of Winston, Natural Spirit and Nat Sherman cigarettes over their “additive-free” and “natural” label claims. The agency issued the warnings…

  • Average US rate on 30-year mortgage drops to 3.84 percent

    WASHINGTON (AP) — Average long-term U.S. mortgage rates dropped this week to their lowest levels since May, in a week marked by turmoil in global markets that was stoked by economic developments in China. Mortgage…

  • US pending home sales rose modestly in July

    WASHINGTON (AP) — Slightly more Americans signed contracts to buy homes in July, as pending sales edged up after dipping in June. The National Association of Realtors said Thursday that its seasonally adjusted pending home…

  • StarKist may owe you $25

    WASHINGTON — Never doubt that one man can make a difference. Patrick Hendricks filed a class action suit against the tuna giant StarKist in 2013, claiming that their 5-ounce cans of tuna were underfilled. Federal…

  • Why buying expensive clothes for kids is dumb

    We spend a lot of money on back-to-school shopping for shoes and clothes. This year, American families plan to spend a whopping $335.38, on average buying new clothes and shoes for children heading back to…

  • Freeport-McMoRan lowering spending, production, cutting jobs

    PHOENIX (AP) — Copper producer Freeport-McMoRan Inc. is lowering its spending and production as it deals with declining copper prices and soft economic conditions worldwide. It plans to cut about 10 percent of employees and…

  • Christmas in August: Wal-Mart’s holiday layaway comes early

    NEW YORK (AP) — Wal-Mart is giving customers a head start on holiday shopping, launching its annual layaway program two weeks earlier than last year. It’s the latest sign of retailers getting more aggressive about…

  • Applications for US jobless aid drop to very low 271,000

    WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, evidence that employers remain confident in the economy and are laying off few workers. The Labor Department said Thursday that weekly applications for unemployment…