Elmo puppeteer accused of underage relationship

NEW YORK — The puppeteer who performs as Elmo on "Sesame Street" is taking a leave of absence from the popular kids' show in the wake of allegations that he had a relationship with a 16-year-old boy. Sesame Workshop said puppeteer Kevin Clash denies...

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AP to launch Spanish-language stylebook

NEW YORK — The Associated Press is launching its first Spanish-language stylebook alongside the AP Stylebook that has served as a standard reference for English-language journalists since 1953. Access to the Web-based "Manual de Estilo Online de la...

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Fiat Industrial announces new management structure

MILAN — Capital goods maker Fiat Industrial on Monday announced a new management structure aimed at making it easier to merge with its U.S. subsidiary CNH Global N.V., the agriculture equipment maker. Fiat Industrial, which makes trucks, agriculture...

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Hollywood expects to have a happy holiday season at the box office

LOS ANGELES — Movie theaters posted their worst attendance since 1994 last year, but Hollywood is poised for a big comeback — with the help of a secret agent, a sullen vampire and a hairy-footed hobbit. Domestic ticket sales are already up by 3 percent...

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Best Buy hires ex-Williams-Sonoma exec as CFO

NEW YORK — Struggling consumer electronics chain Best Buy said Monday that a former Williams-Sonoma executive will become its new chief financial officer beginning Dec. 10. It's the latest executive move for the Minneapolis company since turnaround...

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US fiscal uncertainty keeps lid on markets

LONDON — Uncertainty over whether Washington will agree a spending and taxation deal that is crucial to keeping the U.S. economic recovery on track kept a lid on global market gains on Monday. Economists have said the U.S. risks slipping into recession...

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US seen overtaking Saudis as biggest oil producer

The United States will become the world's largest oil producer by around 2020, temporarily overtaking Saudi Arabia, as new exploration technologies help find more resources, the International Energy Agency forecast on Monday. In its World Energy Outlook,...

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Sherwin-Williams to spend $2.34B on paint maker

CLEVELAND — Sherwin-Williams is buying the privately held Mexican paint company Consorcio Comex in an all-cash deal valued at about $2.34 billion. Consorcio Comex, S.A. de C.V., sells paints and coatings under several brands in the United States and...

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Stocks slip as worries about fiscal cliff return

U.S. stocks edged toward small losses Monday morning as investors kept fretting about the approaching "fiscal cliff." The Dow Jones industrial average was down 20 points at 12,795 in the first hour of trading. It spent most of the morning with the...

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RIM to unveil new BlackBerry phones on Jan. 30.

TORONTO — Research In Motion said Monday that it will hold an official launch event for its new BlackBerry 10 smartphones on Jan. 30. The new phones are seen as critical to RIM's survival. The Waterloo, Ontario-based company said Monday details on...

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