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  • US stock indexes sink as market heads for a second loss

    NEW YORK (AP) — U.S. stocks sank Wednesday, pulling indexes further below record highs. The drop was modest but broad: nine of the 10 sectors in the Standard & Poor's 500 index lost ground. KEEPING SCORE: As of 3:10 p.m. Eastern time, the S&P 500 was down nine points, or 0.5 percent, to 2,098. The Dow Jones industrial average lost 114 points,...

  • Exxon CEO: Get used to lower oil prices

    NEW YORK (AP) — Exxon Mobil CEO Rex Tillerson expects the price of oil to remain low over the next two years because of ample global supplies and relatively weak economic growth. "People need to kinda settle in for a while," Tillerson said at the company's annual investor conference in New York. In a presentation to investors outlining its...

  • Will Facebook make a car? Zuckerberg: Focus on the network

    NEW YORK (AP) — No cars and solar power for Facebook, it seems. Asked at a town hall event at the Mobile World Congress in Barcelona, Spain, if the world's biggest social network had ambitions outside of social media and the Internet, CEO Mark Zuckerberg said Facebook is "pretty focused." Apple has created phones, music players and computers...

  • Clinton email policy violated Obama administration guidance

    WASHINGTON (AP) — Even if Hillary Rodham Clinton's use of a private email server to conduct official business as secretary of state was not illegal, it violated Obama administration guidance and undermined his pledge of historic transparency. Clinton's reliance on hdr22@clintonemail.com for electronic communication as the nation's top diplomat...

  • Transcripts reveal Fed confronting chaotic banking system

    WASHINGTON (AP) — Transcripts of Federal Reserve meetings in 2009 showed central bank officials struggling to contain the worst financial crisis in seven decades and searching for the right policies to halt a deepening economic downturn. The transcripts released Wednesday revealed that officials were worried about the precedents being set by...

  • MOVERS & SHAKERS

    The following real estate professionals were recently elected as officers of the Pikes Peak Chapter of the Women's Council of Realtors: Kathy Tutko of Coldwell Banker Residential Brokerage, president; Dawn Grubbs of Grubbs Realty, president-elect; Gabriele Onefre of Nextage Pikes Peak Properties, vice president membership; Linda Schierholz of...

  • Justices sharply divided over health care law subsidies

    WASHINGTON (AP) — Sharply divided along familiar lines, the Supreme Court took up a politically charged new challenge to President Barack Obama's health overhaul Wednesday in a dispute over the tax subsidies that make insurance affordable for millions of Americans. The outcome in what Justice Elena Kagan called "this never-ending saga" of...

  • Clarification: Health Overhaul-Republicans story

    WASHINGTON (AP) — In some versions of a story published Oct. 20, 2014, The Associated Press reported that Ohio Gov. John Kasich said in an AP interview he did not believe lawmakers in Washington would repeal the health care law if Republicans won control of the U.S. Senate. Kasich was responding to a question about the expansion of Medicaid....

  • Deal with 72 Asiana passengers leaves many cases unresolved

    SAN FRANCISCO (AP) — While 72 passengers have settled their personal injury claims stemming from the crash of an Asiana Airlines flight in San Francisco two years ago, others are continuing their legal fight with the airliner and others involved in the accident that killed three Chinese teenagers and injured nearly 200 people. There were 291...

  • Uber heads in new mapping direction with deCarta acquisition

    SAN FRANCISCO (AP) — Uber Technologies is buying digital mapping specialist deCarta in a deal that may help the rapidly growing ride-hailing service lessen its dependence on navigation services from Google and Apple, an imposing pair of potential rivals. Although deCarta isn't as well-known as Google Maps, its technology is extensively used by...

  • Fed survey finds US economy growing at moderate pace

    WASHINGTON (AP) — The U.S. economy was growing at a moderate pace through mid-February despite severe winter storms that had disrupted activity in some regions, the Federal Reserve reported Wednesday. The Fed said that six of its 12 regions had reported moderate growth with modest gains seen in most other areas. The Boston district said...

  • Republican-led Senate fails to overturn Obama's veto of bill approving Keystone XL pipeline

    WASHINGTON (AP) — Republican-led Senate fails to overturn Obama's veto of bill approving Keystone XL pipeline.

  • FDA approves Bristol-Myers drug for lung cancer

    WASHINGTON (AP) — The Food and Drug Administration on Wednesday expanded approval of an innovative Bristol-Myers Squibb drug to treat the most common form of lung cancer. Regulators cleared Opdivo for patients with advanced squamous non-small cell lung cancer, which accounts for seven out of eight lung cancer patients. Lung cancer is the...

  • Judge OKs $415M settlement in tech workers' lawsuit

    SAN FRANCISCO (AP) — A federal judge has tentatively approved a $415 million settlement in a major class action lawsuit by Silicon Valley workers who accused Apple, Google and other tech companies of making an illegal agreement not to hire each other's employees. Judge Lucy Koh had rejected an earlier settlement offer, saying it didn't offer...

  • Cadillac enters compact sport coupe segment

    Cadillac's first compact two door, the 2015 ATS Coupe, is a stylish, rear- and all-wheel drive performer with nimble handling, standard rearview camera and a starting retail price that's less than $39,000. Buyers of the more expensive and nearly identically sized BMW 4-Series Coupe have to pay extra for a rearview camera, and the BMW base...

  • Fact sheet: 2015 Cadillac ATS Coupe

    2015 Cadillac ATS Coupe 2.0 RWD Performance BASE PRICE: $37,995 for base RWD; $40,445 for base AWD; $41,920 for RWD Luxury; $44,935 for RWD Performance. PRICE AS TESTED: $48,255. TYPE: Front engine, rear-wheel drive, four-passenger, compact, luxury coupe. ENGINE: 2-liter, double overhead cam, turbocharged, direct injection four cylinder...

  • Senate votes to kill a labor board rule that unions backed

    WASHINGTON (AP) — The Republican-controlled Senate Wednesday voted to kill a National Labor Relations Board rule reducing the time between a union's request for representation and a vote by workers on it. The 53-46 vote sent the legislation to the House, where approval is also assured. But President Barack Obama has threatened to veto the...

  • MARKETING MATTERS: VW's 11-year-old misstep holds lessons for marketers

    In 2004, Ferdinand Piech, chairman of the Volkswagen Group, tried to introduce a high-end sedan called the Phaeton to the U.S. market. He saw it as a competitor to the Mercedes S-class and the Lexus LS luxury sedans. He immediately hit a brick wall. His dream of selling 5,000 Phaetons a year was never realized. The most ever sold in a year...

  • US running out of room to store oil; price collapse next?

    NEW YORK (AP) — The U.S. has so much crude that it is running out of places to put it, and that could drive oil and gasoline prices even lower in the coming months. For the past eight weeks, the United States has been producing and importing an average of 1.1 million more barrels of oil every day than it is consuming. That extra crude is...

  • Nielsen acquires data and technology company eXelate

    NEW YORK (AP) — Nielsen said Wednesday it is buying eXelate, a company that provides data and technology to buy and sell ads that get seen by the right audience. EXelate specializes in programmatic advertising, or using software to buy digital advertising in a way that guarantees a certain number of viewers in certain demographics. That...

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