Revised data: US grew faster in 2nd half of 2013

WASHINGTON — Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show. Revised data released Wednesday also suggest a...

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As Fed meets, key issues likely to stay unanswered

WASHINGTON — The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered: When will it start tightening its benchmark short-term interest rate to make sure future inflation remains under control? How will it do...

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Britain to test driverless cars next year

LONDON — British officials says driverless cars will be tested on roads in as many as three cities in a trial program to begin in January Officials said Wednesday the tests will last up to three years. Sensors and cameras will guide the cars. The plan...

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Russia counts cost of new economic sanctions

MOSCOW — Russia blasted the West's new economic sanctions on Wednesday, accusing the U.S. of being "prosecutorial" in its drive to impose penalties on the country's key energy and finance sectors. The U.S. and European Union on Tuesday announced a raft...

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Major markets little changed after economic news

NEW YORK — U.S. stocks crept higher following news that the economy surged ahead in the spring. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday. Most world markets were mixed. KEEPING SCORE: The Dow Jones...

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US economy grew at strong 4 percent rate in spring

WASHINGTON — After a dismal winter, the U.S. economy sprang back to life in the April-June quarter, growing at a fast 4 percent annual rate on the strength of higher consumer and business spending. The rebound reported Wednesday by the Commerce Department...

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Amazon to invest $2 bln to expand in India

MUMBAI, India — The world's largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees. Amazon.com Inc. said Wednesday it will invest $2 billion to expand its Indian business, a day after...

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Survey: US companies add 218,000 jobs in July

WASHINGTON — A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. Private employers added 218,000 jobs, down from 281,000 in June, payroll provider ADP said Wednesday. It was the...

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Warner Bros. conjures up Harry Potter global franchise development team

LONDON -- Warner Bros. Entertainment has conjured up the Harry Potter Global Franchise Development team, based in both London and Burbank, to "develop and execute a high-level strategic vision for the Harry Potter brand and its ancillary businesses,"...

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Hyundai recalls 883K Sonatas to fix gear shifters

DETROIT — Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers. The recall covers 883,000 cars from the 2011 through 2014 model years. The Korean automaker says the automatic transmission shift cable can...

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