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  • Dow jumps for second day after Fed pledges patience on rates

    The Dow Jones industrial average surged more than 300 points on Thursday, building on gains from a day earlier after the Federal Reserve indicated that it was in no rush to raise interest rates as the economy strengthened. Oracle led a rally in technology shares after the business software maker reported earnings that were better than...

  • Constantly changing online prices stump shoppers

    NEW YORK (AP) — Online shopping has become as volatile as stock market trading. Wild, minute-by-minute price swings on everything from clothes to TVs have made it difficult for holiday shoppers to "buy low." A growing number of retailers are using software that changes online prices based on demand, competition, inventory and other factors....

  • Dunkin' Brands cuts outlook for 2015 sales metric

    CANTON, Mass. (AP) — Dunkin' Brands Group Inc. says it expects slower sales of packaged coffee at its Dunkin' Donuts shops and ongoing pressure on consumers to continue into next year. It also expects its joint ventures in Japan and Korea to hurt its 2015 results. As a result, the company lowered its fiscal 2015 forecast for a key sales...

  • Amazon launches 1-hour shipping in Manhattan

    PORTLAND, Ore. (AP) — Amazon.com launched a service Thursday that promises one-hour delivery of household products to its Prime customers in Manhattan. Thousands of products like paper towels, shampoo, books, toys and batteries will get delivered within 60 minutes to select areas of Manhattan, the Seattle-based online retail giant said....

  • AROUND TOWN: A Talarico-Dreiling catering business 25th anniversary

    The year was 1989. Michelle Talarico was manager of a local restaurant where the band Appaloosa was playing, with songstress Kathy Dreiling at the microphone. Then the women decided it might be kind of fun and possibly a good idea to buy a little box-lunch and takeout deli called Picnic Basket.

  • Apple CEO donating to gay rights campaign in South

    BIRMINGHAM, Ala. (AP) — Apple chief executive Tim Cook, the first openly gay CEO of a Fortune 500 company, is donating money to help fund a gay rights initiative in his native Alabama and two other Southern states, organizers said Thursday. The amount of Cook's contribution to the Washington-based Human Rights Campaign wasn't disclosed, but...

  • US average rate on 30-year home loan 3.80 percent

    Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year.

  • US stocks move higher, building on Fed gains

    NEW YORK (AP) — The U.S. stock market is moving sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. Oracle led a rally in technology shares in midday trading Thursday after the business software maker reported earnings that were better than expected. Energy...

  • Average US 30-year loan rate falls to 3.80 percent

    WASHINGTON (AP) — Average U.S. long-term mortgage rates fell this week, with the benchmark 30-year loan rate reaching a new low for the year. The rates' historically low levels could be a boon to potential homebuyers. Mortgage company Freddie Mac says the nationwide average for a 30-year mortgage dropped to 3.80 percent this week from 3.93...

  • Manufacturing growth slows in Philadelphia region

    WASHINGTON (AP) — Manufacturing in the Philadelphia region grew at a much slower pace in December compared with the previous month. But the drop came after factory activity reached its highest level in 21 years in November. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity dropped to 24.5 this...

  • Rite Aid hikes 2015 forecast after beating 3Q expectations

    CAMP HILL, Pa. (AP) — Shares of Rite Aid soared Thursday after the nation's third-largest drugstore chain reported a 47 percent jump in fiscal third-quarter earnings and hiked its annual forecast after cutting it for two straight quarters. The Camp Hill, Pennsylvania, company said sales from established stores helped its revenue grow 5 percent...

  • Gauge of US economy rises 0.6 percent in November

    WASHINGTON (AP) — An index designed to predict the future health of the economy posted a third straight solid gain in November. The Conference Board said Thursday that its index of leading indicators increased 0.6 percent last month, matching the revised October gain. The October reading had originally been reported as a 0.9 percent increase....

  • Cheniere lands 20-year natural gas deal in Portugal

    HOUSTON (AP) — Cheniere Energy landed a 20-year contract to supply natural gas in Portugal, sending shares up 8 percent in early trading. The natural gas boom in the U.S. has led to a rush by major producers to put into place the infrastructure to ship overseas. Companies such as Exxon Mobil and Sempra Energy are seeking federal permits for...

  • Ford expands drivers air bag recall nationwide

    DETROIT (AP) — Ford Motor Co. has agreed to government demands to expand a driver's side air bag inflator recall to the entire U.S. The move announced Thursday adds 447,000 Ford vehicles to the list of those recalled due to driver's inflators made by Japan's Takata Corp. The inflators can explode with too much force, spewing shrapnel into...

  • US jobless aid applications decline to 289,000

    WASHINGTON (AP) — Fewer Americans sought unemployment benefits last week, a sign of solid job security and growing confidence among employers. Weekly unemployment benefit applications dropped 6,000 to a seasonally adjusted 289,000, the Labor Department said Thursday. That is the lowest level since late October. The four-week average, a less...

  • Circus disputes citation for hair-hanging accident

    PROVIDENCE, R.I. (AP) — Ringling Bros. and Barnum & Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight hair-hanging acrobats plummeting to the ground during a live performance, severely injuring most of them. Stephen Payne, a spokesman for circus parent company Feld Entertainment, said...

  • US stocks open higher, building on Fed gains

    NEW YORK (AP) — The U.S. stock market is opening sharply higher, building on gains from the day before after the Federal Reserve indicated it was in no rush to raise interest rates. The market is coming off its biggest one-day rise since October 2013. The Dow Jones industrial average rose 224 points, or 1.3 percent, to 17,580 as of 9:35 a.m....

  • Kraft Foods CEO to retire; Cahill named successor

    NORTHFIELD, Ill. (AP) — Kraft Foods Group Inc. says that CEO Tony Vernon plans to retire later this month. The company named Chairman John Cahill as his successor. Vernon has served as CEO since the consumer packaged food and beverage company's spinoff from Mondelez International Inc. in October 2012. Before that, he was the company's...

  • $1.99-and-under gas comes to Colorado Springs

    Yes, Virginia, there is gas under $2 in the Pikes Peak region. A gallon of regular gasoline was selling for $1.98 on Wednesday at the Sam's Club on Colorado Springs' south side, while the city's two Costco Wholesale Clubs and a second Sam's on the north side were selling it for $1.99, according to GasBuddy.com, a website that tracks prices in...

  • Applications for US unemployment aid slip to 289,000, lowest level in 6 weeks

    WASHINGTON (AP) — Applications for US unemployment aid slip to 289,000, lowest level in 6 weeks.

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