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Crews continue removing oil from leaking barge
Crews continue removing oil from leaking barge
The Coast Guard says operations continue to remove oil from a leaking barge on the Mississippi River. Coast Guard Petty Officer 3rd Class Jonathan Lally said early Friday that vessel traffic on the river remains restricted through the area near Vicksburg. Crews are still trying to pump all the oil

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Standex moves to profit in 4Q
Standex moves to profit in 4Q
Standex International Corp. posted a profit for its fiscal fourth quarter, despite mixed sales results around the globe. The equipment manufacturing company, based in Salem, N.H., said Friday that increased demand from fast-food restaurant chains offset weaker demand from drugstores and dollar stor

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News Summary: Mattel's 4Q results miss Street
News Summary: Mattel's 4Q results miss Street
GLUM SEASON: Mattel Inc., the world's largest toy maker, said Friday its fourth-quarter net income fell 17 percent, hurt by a litigation charge and weakness in some key brands like Barbie and Matchbox. Revenue rose 5 percent but results were short of expectations. WHY IT MATTERS: The fourth quarter

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Nathan's Famous 3Q profit falls, hurt by Sandy
Nathan's Famous 3Q profit falls, hurt by Sandy
Hot dog and burger chain Nathan's Famous said Friday that its fiscal third-quarter net income fell 8 percent, hampered by restaurant closings due to Superstorm Sandy. The company earned $1.1 million, or 23 cents per share, for the period ended Dec. 23. That compares with $1.2 million, or 24 cents p

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NKorean uranium nuclear test would raise stakes
NKorean uranium nuclear test would raise stakes
As North Korea warns that it plans its third nuclear test since 2006, outside governments and analysts are trying to determine a crucial question: Just what will Pyongyang's scientists explode? The last two tests are believed to have been of plutonium devices, but the next logical step for Pyongyan

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Germany warns euro crisis not over
Germany warns euro crisis not over
Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance minister told an international conference that the continent can't afford to become complacent. Three years since the crisis started in Greece, the 1

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US consumers' outlook improved in late January
US consumers' outlook improved in late January
A survey released Friday shows Americans' outlook for the economy perked up in late January, suggesting an improving job market may blunt the impact of higher taxes. The University of Michigan's final January survey of consumer sentiment rose to 73.8. That's up from a preliminary reading of 71.3, r

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Piper Jaffray upgrades Verizon to 'Outperform'
Piper Jaffray upgrades Verizon to 'Outperform'
Verizon's superior wireless network should let it continue to outperform other carriers and produce cash for shareholders, a Piper Jaffray analyst said Friday as he upgraded the stock to "Outperform" from "Neutral." Verizon Wireless manages to pull in more customers than other carriers even though

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News Summary: US construction spending up 0.9 pct
News Summary: US construction spending up 0.9 pct
CHRISTMAS BUILDUP: Spending on U.S. construction projects rose 0.9 percent in December, as housing and nonresidential construction posted gains while spending on government projects fell. STRONGER YEAR: For all of 2012, construction activity increased for the first time in six years. Construction sp

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Iraqi president's absence leaves political hole
Iraqi president's absence leaves political hole
President Jalal Talabani's unexpected exit from Iraqi politics couldn't have come at a worse time for his nation, threatened by mounting antagonism among Kurds, Sunnis and Shiites. The 79-year-old Talabani, who suffered a stroke six weeks ago, had assumed the role of father figure, the only leader

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India's top winter athlete in funding crisis
India's top winter athlete in funding crisis
India's only world-class winter sports competitor is in doubt for the Winter Olympics due to a shortage of government funding, despite recently setting an Asian record. Luge competitor Shiva Kesavan retained gold at the Asia Cup in the Japanese city of Nagano last December with a continental record

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Cambodians mourn former king in funeral procession
Cambodians mourn former king in funeral procession
Thousands of mourners accompanied a gilded chariot carrying the body of former King Norodom Sihanouk -- the dominant figure of modern Cambodia -- in a funeral procession Friday to a cremation ground next to the palace where he was crowned more than 70 years ago. His body had been lying in state at

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Dow hits 14,000 for 1st time since October 2007
Dow hits 14,000 for 1st time since October 2007
The Dow rose higher and briefly topped 14,000 Friday, hitting a milestone not seen since before the financial crisis rocked the world economy. The Dow Jones industrial average was up 135 points to 13,996 shortly before noon EST. Earlier it crossed above 14,000 for the first time since Oct. 17, 2007

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Puerto Rico teeters on fiscal edge over pensions
Puerto Rico teeters on fiscal edge over pensions
Office clerk Lillian Marti hopes to retire one day with a decent pension. Now, like many other employees of Puerto Rico's government, she's beginning to fear she might not get that chance. "Of course, I'm worried," said the 61-year-old, who has worked for the government for 20 years. Some experts a

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GOP senators vow to block consumer office nominee
GOP senators vow to block consumer office nominee
Renewing a 3-year-old fight over bank oversight, Senate Republicans said Friday they will oppose President Barack Obama's nominee to head the Consumer Financial Protection Bureau unless the office created after the 2008 Wall Street financial meltdown is significantly changed. Obama has renominated

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As she leaves, Clinton sounds warning over Syria
As she leaves, Clinton sounds warning over Syria
Secretary of State Hillary Rodham Clinton issued a parting warning Thursday about Syria's civil war, accusing Iran of playing an increasingly prominent role in directing the violence, which she said heightened the danger of a larger regional conflict that draws in Israel or other neighbors. "I've d

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News Summary: Pfizer animal health unit IPO soars
News Summary: Pfizer animal health unit IPO soars
GOOD START: Drugmaker Pfizer's initial public stock offering of its animal health business, Zoetis, raised $2.2 billion, the largest IPO by a U.S. company since Facebook Inc. raised $16 billion last May. Shares jumped 19 percent from their initial $26 price, closing at $31.01. PFIZER STAKE: For now,

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Shot Armenia presidential hopeful seeks vote delay
Shot Armenia presidential hopeful seeks vote delay
The shooting of a presidential candidate threw Armenia's election into disarray Friday, with the wounded victim saying he will call for a delay of the vote. Paruir Airikian, 63, was shot and wounded by an unidentified assailant outside his home in Yerevan, the Armenian capital, on Thursday just bef

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US construction spending up 0.9 percent
US construction spending up 0.9 percent
Spending on U.S. construction projects rose in December, ending a year in which construction activity increased for the first time in six years. Construction spending rose to a seasonally adjusted annual rate of $885 billion in December, the Commerce Department said Friday. That was up 0.9 percent

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US construction spending up solid 0.9 percent in December with first annual gain since 2006
US construction spending up solid 0.9 percent in December with first annual gain since 2006
US construction spending up solid 0.9 percent in December with first annual gain since 2006.

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