Barcelona, Spain, tops innovative cities contest

NEW YORK — Barcelona, Spain, captured the grand prize in a competition that spurs cities to develop novel approaches to improve urban life, Bloomberg Philanthropies announced Wednesday. Barcelona was awarded 5 million euro ($6.5 million) as top finisher....

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Stocks rise at midday ahead of Fed statement

NEW YORK — U.S. stocks edged higher in morning trading Wednesday as investors waited for a Federal Reserve statement on interest rates following a two-day meeting. Shares of DuPont and FedEx surged. KEEPING SCORE: The Standard & Poor's 500 index...

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Only 4 states will see cuts to food stamps

WASHINGTON — Cuts to the nation's food stamp program enacted this year are only affecting four states, far from the sweeping overhaul that Republicans had pushed, an Associated Press review has found. As a result, it's unclear whether the law will realize...

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US consumer prices fall 0.2 percent in August

WASHINGTON — U.S. consumer prices edged down in August, the first monthly drop since the spring of 2013, as gasoline, airline tickets and clothing prices all fell. It was the latest evidence that inflation remains under control. Consumer prices edged...

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Trade, investment hopes as China's Xi visits India

AHMEDABAD, India — Chinese President Xi Jinping landed in the Indian prime minister's home state of Gujarat on Wednesday for a three-day visit expected to focus on India's need to improve worn out infrastructure and reduce its trade deficit. Xi was...

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US stocks rise slightly in opening trade

NEW YORK — U.S. stocks are rising slightly in early trading, ahead of a Federal Reserve announcement this afternoon that might signal when the central bank will raise interest rates. The Dow Jones industrial average rose 15 points, or 0.1 percent, to...

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US homebuilder confidence soars in September

U.S. homebuilders' confidence in the market for new, single-family homes surged this month to the highest level in nearly nine years. The brighter outlook reflects growing optimism that sales will increase over the next six months. That could potentially...

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Gov. dismisses report pegging ACA costs at $1B

BOSTON — Gov. Deval Patrick is sharply criticizing a report that puts a price tag of about $1 billion on the implementation of the federal Affordable Care Act in Massachusetts. The Pioneer Institute, a conservative-leaning think tank, said in a report...

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FedEx to add 50,000 seasonal jobs

DALLAS — Growth in online shopping is boosting profit at FedEx, and the company plans to hire more than 50,000 extra workers to handle what is shaping up as another record year for holiday-season package deliveries. That's up from about 40,000 temporary...

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Sony stock falls 6% after projections of $2 billion loss

Shares of Sony fell sharply Wednesday morning after the Japanese electronics company said it will likely lose $2.15 billion for the fiscal year. It had initially forecast $488 million in losses through through March of 2015, but had to revise those...

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