Markets subdued as weak US open weighs on trading

LONDON — Markets have started the week on a steady note with any optimism generated by Japanese election results fading away following a downbeat U.S. housing survey and softer-than-anticipated earnings from McDonald's. The week had got off to a solid...

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How the world will learn about royal baby's birth

LONDON — Now that Kate is in the hospital, what can royal baby watchers expect next? How do royal fans find out when the infant has arrived? The short answer: Ignore all rumors on social media until there is an official announcement from Buckingham...

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Near-record home sales dip slightly amid mortgage rate hikes

Monthly existing home sales in the U.S. dropped in June, but sales remain far above where they were a year ago and near a three-and-a-half year high, the National Association of Realtors said today. Despite the dip, sales were still up 15.2 percent...

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EU clears Baxter's $2.76 billion bid for Gambro

BERLIN — The European Union's antitrust authority has cleared U.S. pharmaceutical company Baxter's proposed $2.76 billion takeover bid of Sweden's dialysis products firm Gambro. The European Commission said Monday the acquisition can go ahead on condition...

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Theft trial opens for ex-chairman of Pequot tribe

NEW HAVEN, Conn. — A prosecutor says a former chairman of the tribe that owns Connecticut's Foxwoods Resort Casino improperly charged more than $100,000 to a tribe-issued credit card. A federal theft trial opened Monday for Michael Thomas, who was chairman...

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Six Flags shares edge down as probe continues

NEW YORK — Six Flags shares are down slightly as the company continues to investigate a fatality at one of its parks. A woman died Friday while riding the Texas Giant roller coaster at the company's park in Arlington, Texas. The 14-story ride, which...

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McDonald's predicts tough year despite new items

NEW YORK — McDonald's is mixing up its menu with healthier, fresher sounding items such as its chicken McWraps but not enough customers are biting. The world's biggest hamburger chain on Monday reported a second-quarter profit that rose 4 percent but...

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Yahoo to buy 40M shares from Loeb, he exits board

SUNNYVALE, Calif. — Activist investor Dan Loeb and two other directors nominated by his hedge fund are leaving Yahoo's board after big gains in the Internet company's stock price over the past year. Yahoo is also buying back 40 million shares of its...

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UK seeks automatic blocks on online porn

LONDON — Internet service providers in Britain will be asked to automatically block access to pornography sites unless customers opt in, Prime Minister David Cameron announced Monday. Cameron announced the move as part of measures to stop extreme sexual...

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House GOP to slash environmental, arts funding

WASHINGTON — House Republicans are proposing slashing cuts to environmental programs and funding for the Smithsonian Institution and the arts as they unveil the latest legislation to implement the second year of budget cuts required under so-called sequestration....

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