ECB launches major review of banks

FRANKFURT, Germany — The European Central Bank is launching a review of 128 of the eurozone's biggest banks, a push to restore faith in the financial system — and lay the groundwork for growth — after similar studies fell short. The review will be a...

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China banking worries weigh on markets

LONDON — Worries over the Chinese banking sector weighed on markets Wednesday, a day after weak U.S. jobs data reinforced expectations that the Federal Reserve won't be reducing its monetary stimulus anytime soon. Tuesday's news that the U.S. generated...

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FDA issues positive review for Gilead's hep C drug

WASHINGTON — The Food and Drug Administration has issued a positive review for a highly anticipated hepatitis C drug from Gilead Sciences, saying the pill cures more patients in less time than currently available treatments. The agency posted its review...

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FedEx expects increase in holiday deliveries

MEMPHIS, Tenn. — FedEx expects that holiday shoppers will be more nice than naughty this year, with shipments rising from 2012. The company said Wednesday that it expects to carry more than 22 million shipments on the busiest day of the season, which...

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Starbucks to open 'tea bar' in New York City

NEW YORK — Starbucks is trying to make tea trendy, with plans to open its first "tea bar" in New York City. The Seattle-based company says Teavana Fine Teas + Teavana Tea Bar will serve sweets and other food including flatbreads, salads and small plates...

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GSK sales in China tumble amid bribery probe

LONDON — GlaxoSmithKline says its sales of drugs and vaccines in China tumbled in the third quarter as it was hit by bribery investigations there. Worldwide sales, it says, were flat as growth in the U.S. and Europe helped offset China's 61 percent...

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Nissan recalls over 188,000 SUVs to fix brakes

DETROIT — Nissan Motor Co. is recalling more than 188,000 Nissan and Infiniti SUVs worldwide to fix faulty brake control software that could increase the risk of a crash. The recall covers some Nissan Pathfinders from the 2013 and 2014 model years,...

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WellPoint's 3Q profit falls 5 pct, forecast climbs

INDIANAPOLIS — WellPoint Inc.'s third-quarter earnings fell 5 percent but still topped expectations, and the nation's second-largest health insurer said it raised its 2013 forecast despite added expenses from the health care overhaul. The Blue Cross...

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176-year-old Fall River business closing

FALL RIVER, Mass. — A 176-year-old Fall River masonry supply business is shutting down, a victim of the changing face of the city. Owner Winthrop Sanford says Building Materials Inc. will close for good on Oct. 31. It specializes in bricks, mortar and...

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Ex-Utah Gov. Huntsman hosting weekly radio show

SALT LAKE CITY — Former Republican Utah Gov. Jon Huntsman, a 2012 presidential candidate, will be hosting a new weekly radio talk show on SiriusXM satellite radio aimed at promoting bipartisan politics. Huntsman helped launch a similar program in May,...

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