Gold tanks to 2-year low as China weighs on stocks

LONDON — Weaker-than-expected Chinese economic growth figures weighed on markets Monday as the price of gold slid another $130 to hit a two-year low amid concerns that a 12-year bull run for the commodity has come to an end. Though Chinese government...

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Paris' Crillon hotel to sell furniture, bathrobes

PARIS — One of Paris' most elegant hotels is selling off everything from its front desk to the bathrobes that snuggled the rich and famous. The Hotel de Crillon on the French capital's Place de la Concorde has welcomed stars and heads of state for more...

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Dish Network offering to buy Sprint in $25.5B deal

NEW YORK — Dish Network Corp. is trying to snag U.S. wireless carrier Sprint Nextel Corp. away from its Japanese suitor in recognition of the way satellite dishes are losing their relevance in the age of cellphones that play YouTube videos. Dish offered...

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Citigroup execs sound a cautious note

NEW YORK — Citigroup isn't convinced the economy is back. The bank's executives were more cautious than celebratory Monday, even after announcing strong first-quarter results. Citigroup's investment bank advised more companies on mergers and acquisitions;...

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Court: Can human genes be patented?

WASHINGTON — The Supreme Court seemed worried Monday about the idea of companies patenting genes that can be found inside the human body, as it heard arguments in a case that could profoundly reshape U.S. medical research and the fight against diseases...

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Massachusetts gas prices drop 9 cents

Bay State gas prices are down nine cents this week, according to AAA Southern New England. Self-serve, regular unleaded gas is currently averaging $3.47 a gallon, five cents less than the national average of $3.52. Local prices are down 18 cents over...

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Prospects for background checks remain unclear

WASHINGTON — The fate of a bipartisan Senate effort to subject more firearms buyers to background checks remains uncertain as seven Republicans amenable to a gun control debate are still likely to resist such an expansion. On an initial showdown over...

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Stocks drop in afternoon trading; gold plunges

NEW YORK — A steep fall in commodity prices pulled down energy and mining stocks for a second day on Monday. The Dow Jones industrial average dropped more than 160 points, putting it on course for its worst one-day loss since February. Gold plunged...

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Draghi urges leaders to solve euro's core problems

AMSTERDAM — European Central Bank head Mario Draghi said Monday that it was up to politicians to solve the region's core problems including fixing the banking system and improving long-term growth. Draghi said in a speech delivered in Amsterdam that...

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AP: Court decision is victory for media

ORLANDO, Fla. — A recent court ruling that an Internet news clipping service infringed on the use of Associated Press content is a victory not only for the media but for the public, the news cooperative's CEO said Monday at the AP's annual meeting. ...

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