US home sales hit slowest pace in 6 months in Nov.

WASHINGTON — Fewer Americans bought homes in November as buying slid to its slowest pace in six months. The National Association of Realtors said Monday that sales of existing homes fell 6.1 percent to a seasonally adjusted annual rate of 4.93 million....

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Full text of statement from North Korea's National Defence Commission

Full text of statement from North Korea's National Defence Commission U.S. Urged to Honestly Apologize to Mankind for Its Evil Doing before Groundlessly Pulling up Others Pyongyang, December 21 (KCNA) -- The Policy Department of the National Defence...

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Russia bails out bank following ruble slide

MOSCOW — Russia has bailed out a mid-sized bank for about $500 million to save it from bankruptcy— a clear sign that the slide in the value of the ruble in the wake of sliding oil prices is straining the banking system. The Central Bank said Monday...

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How Obama took Sony's crisis from bad to worse

If there are such a thing as textbooks in the field of crisis management, the Sony Pictures hack might end up in the chapter labeled "Worst Case Scenario." But as much as Sony seemed to mishandle its sorry situation in recent days, the severity of the...

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Problems surround Alibaba Pictures as it reveals $57 million loss

HONG KONG -- Alibaba Pictures Group, the film investment and distribution arm of Chinese e-commerce giant Alibaba, has revealed losses of US$57.1 million (HK$443 million). The figures amount to a painful house cleaning exercise and a demonstration of...

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Stocks mostly higher in morning trading, extending rally

Major stock indexes edged mostly higher Monday morning but the gains were held back by discouraging data on U.S. home sales and a deepening slide in oil prices, which hammered energy stocks. Stocks have notched gains the past three trading days. KEEPING...

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Express Scripts turns to AbbVie in huge hepatitis C deal

The nation's largest pharmacy benefits manager is throwing its weight into a fight over the high cost of treating hepatitis C, saying it will cover a new drug from AbbVie while pulling back on more expensive options from rival drugmakers. Express Scripts...

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Springfield TV pioneer Putnam dies

SPRINGFIELD, Mass. — William Lowell Putnam, who founded the Springfield area's first television station and the first licensed UHF television station in the United States, has died. WWLP-TV said in a statement that Putnam died Sunday. He was 90. Putnam...

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Massachusetts gas prices down another 11 cents

BOSTON — The holidays are a little happier for Massachusetts residents who are seeing another steep drop in gas prices. AAA Southern New England reports Monday that the price of a gallon of self-serve, regular dropped another 11 cents in the past week...

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Stocks mostly higher at midday, extending advance

Major stock indexes edged mostly higher Monday but the gains were held back by discouraging data on U.S. home sales and a deepening slide in oil prices. The market is coming off a big advance last week, which gave the Standard & Poor's 500 its second-biggest...

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