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Stocks move higher; S&P 500 at record high

 

NEW YORK (AP) — U.S. stocks were on pace for a fourth straight day of gains Thursday, putting the Standard & Poor's 500 index on track to beat its record high close set last month. Investors were encouraged by a report that the number of people seeking unemployment benefits remains at a multi-year low. Hewlett-Packard rose after delivering better results, while Sears plunged after reporting that its loss doubled from a year ago. Trading remains light with many investors out on vacation.

Last Updated on Thursday, 21 August 2014

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Family Dollar rejects Dollar General offer

Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar Tree.

Last Updated on Thursday, 21 August 2014

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United lures top fliers with promise of a hot meal

NEW YORK (AP) — To win the hearts of frequent business travelers, United Airlines is going through their stomachs.

Last Updated on Thursday, 21 August 2014

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Aid group: US doctor who had Ebola has recovered

ATLANTA (AP) — At least one of the two American aid workers who were infected with the deadly Ebola virus in Africa has recovered and was to be discharged Thursday from an Atlanta hospital, a spokeswoman for the aid group he was working for said.

Last Updated on Thursday, 21 August 2014

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Holder says he understands mistrust of police

ST. LOUIS (AP) — Attorney General Eric Holder sought Wednesday to reassure the people of Ferguson about the investigation into Michael Brown's death and said he understands why many black Americans do not trust police, recalling how he was repeatedly stopped by officers who seemed to target him because of his race.

Last Updated on Thursday, 21 August 2014

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High court blocks same-sex unions in Virginia

RICHMOND, Va. (AP) — Same-sex couples will have to forget their plans to marry in Virginia — at least for now — after the U.S. Supreme Court agreed Wednesday to delay an appeals court ruling striking down the state's gay marriage ban.

Last Updated on Thursday, 21 August 2014

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As US airstrikes in Iraq grow, details stay thin

WASHINGTON (AP) — America has returned to war, of a sort, in Iraq with airstrikes that have intensified in recent days against Islamic State militants. But details about the execution of this limited campaign, which so far includes no reported U.S. ground combat, are thin.

Last Updated on Thursday, 21 August 2014

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BofA's $17B settlement not as large as it appears

WASHINGTON (AP) — Bank of America's purchase of Countrywide Financial has cost it tens of billions of dollars over the past six years. An expected $17 billion settlement with the Justice Departm ent will increase that toll, but not by a full $17 billion.

Last Updated on Thursday, 21 August 2014

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