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China plays by its own rules while going global

China plays by its own rules while going global

When Venezuela seized billions of dollars in assets from Exxon Mobil and other foreign companies, Chinese state banks and investors didn't blink. Over the past five years they have loaned Venezuela more than $35 billion. Elsewhere around the Caribbean, as hotels were struggling to stay afloat in th

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Orbitz shares up on revenue gains

Orbitz shares up on revenue gains

Orbitz Worldwide Inc.'s shares jumped Friday after the online travel company's fourth-quarter revenue exceeded market expectations, and there were signs that its hotel business was improving. THE SPARK: Orbitz said Thursday that its loss for the quarter had widened as it wrote down the value of some

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Democrats to unveil bill to replace budget cuts

Democrats to unveil bill to replace budget cuts

President Barack Obama's Democratic allies in the Senate are unveiling legislation Thursday to avoid a looming set of sharp, across-the-board spending cuts set to strike the Pentagon and domestic agencies in just two weeks. The measure would impose a minimum tax rate on million-dollar incomes and r

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AP Sources: American Airlines, US Airways to merge

AP Sources: American Airlines, US Airways to merge

The merger of American Airlines and US Airways, to be formally announced Thursday, caps a turbulent half-decade of bankruptcies and consolidation for the U.S. airline industry and leaves travelers four big carriers to choose from. The boards of American parent AMR Corp. and US Airways approved the

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