Wall Street’s staggering skid that began less than three weeks ago has pulled the Dow Jones Industrial Average into what’s known as a bear market.After a string of sharp losses, the Dow has now fallen more than 20% from its last peak on...
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California AG drops challenge to T-Mobile-Sprint merger
NEW YORK (AP) — California’s attorney general said Wednesday that the state will not appeal a judge’s decision approving T-Mobile’s $26.5 billion purchase of Sprint, bringing the companies closer to creating a new wireless giant on...
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The Latest: Ordinary investors advised to stick it out
NEW YORK (AP) — The Latest on the action in the financial markets (all times local):3:30 p.m.The stock market’s latest skid may be a tempting reason to make big changes to an investment portfolio or 401(k) plan, but ordinary...
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FAA waives rules that led airlines to fly empty planes
Federal regulators waived a rule Wednesday that was causing airlines to fly nearly empty planes just to avoid losing takeoff and landing rights at major airports.The Federal Aviation Administration said it would suspend the rule through...
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PepsiCo buying energy drink maker Rockstar for $3.85B
NEW YORK (AP) — PepsiCo is buying the energy drink maker Rockstar Energy Beverages for $3.85 billion.PepsiCo and Coca-Cola have moved aggressively in their pursuit of consumers that have a much wider variety of drinks to choose from than...
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Saudi Aramco to boost capacity; Abu Dhabi to increase supply
DUBAI, United Arab Emirates (AP) — Saudi Arabia steamed ahead on Wednesday with its new energy play by directing the kingdom’s oil company Aramco on Wednesday to increase its maximum production capacity, while Abu Dhabi’s oil...
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