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U.S. inflation muted in September as energy costs drop

WASHINGTON (Reuters) – U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. The Labor Department said on Wednesday its Consumer Price … Continue reading

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Boeing profit jumps 18 percent; raises 2014 earnings view

(Reuters) – Boeing Co (BA.N) reported an 18 percent increase in quarterly profit and raised its full-year core earnings forecast for the third time, reflecting booming commercial aircraft demand and increasing profitability in its defense business. But shares of the … Continue reading

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Divided U.S. SEC adopts mortgage rule, decries lax lending

WASHINGTON (Reuters) – U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing … Continue reading

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Wall St. turns lower as Boeing, Biogen weigh

NEW YORK (Reuters) – U.S. stocks turned lower in afternoon trading on Wednesday, with major indexes erasing earlier gains as both Boeing and Biogen sold off following their results. Indexes had traded in positive territory for much of the session, … Continue reading

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EU to call on Russia to help stabilize Ukraine: statement

BRUSSELS (Reuters) – EU leaders will urge Russia at a summit this week to do more to stabilize Ukraine, according to a draft statement seen by Reuters, but diplomats expect no change in sanctions on Moscow in the near future. … Continue reading

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Jury convicts ex-Blackwater guards in 2007 Baghdad killings

WASHINGTON (Reuters) – In a sweeping victory for the federal government, a U.S. jury on Wednesday found four former Blackwater guards guilty on nearly every count they faced in connection with the 2007 killings of 14 unarmed Iraqis at a … Continue reading

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Brazil candidates battle for key prize: Their hometown

BELO HORIZONTE Brazil (Reuters) – The two candidates in Brazil’s presidential election runoff on Sunday grew up just seven blocks apart, attending the same elite tennis club, watching movies at the same theater and strolling through the same leafy plazas … Continue reading

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Canadian parliament locked down, one suspect reported dead

OTTAWA (Reuters) – A gunman shot and wounded a soldier in Ottawa on Wednesday and then entered the country’s parliament buildings chased by police, with at least 30 shots fired in dramatic scenes in the heart of the Canadian capital. … Continue reading

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More lawsuits filed against Honda, Takata over air bags

DETROIT (Reuters) – The recall crisis involving Takata-made air bags exploding with too much force and spraying vehicle occupants with metal shrapnel is growing, with two more lawsuits filed over accidents in older Honda cars. News of the lawsuits came … Continue reading

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McDonald’s CEO acknowledges image problems after tough results

(Reuters) – McDonald’s Corp (MCD.N) Chief Executive Officer Don Thompson owned up to some corporate image problems on Tuesday after it posted a nearly one-third drop in quarterly profit and warned that its global restaurant sales would fall again this … Continue reading

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