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Market has best week in nearly two years
NEW YORK — The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft and other big U.S. companies. Investors were able to set aside dismal third-quarter results from Amazon. The giant online retailer’s shares took...
By Ken Sweet The Associated Press FULL STORY
Amazon’s loss makes holidays a question mark
NEW YORK — Amazon’s trademark smile icon is becoming more of a grimace. The world’s largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast. Investors are increasingly irked by Amazon’s strategy of investing heavily in ne...
By Mae Anderson The Associated Press FULL STORY
Google exec sets records with leap from near-space
ROSWELL, N.M. — Google executive Alan Eustace broke the sound barrier and set several skydiving records over the southern New Mexico desert early Friday after taking a big leap from the edge of space. Eustace’s supersonic jump was part of a project by Paragon Space Development Corp. and its Str...
The Associated Press FULL STORY
UPS expects double-digit surge in Dec shipments
DALLAS — UPS might levy surcharges or even turn away some holiday shipments this year if retailers surprise the delivery giant by dropping off more packages than they had planned. UPS executives discussed the possibilities Friday as they detailed plans for improving on last holiday season, when m...
The Associated Press FULL STORY
U.S. official: Auto safety agency under review
WASHINGTON — Transportation officials are reviewing the “safety culture” of the federal agency that oversees auto recalls, a senior Obama administration official said Friday. The National Highway Traffic Safety Administration has been criticized by lawmakers and safety advocates for not acting...
The Associated Press FULL STORY
Is refinancing your mortgage worth it?
The interest rate pendulum has swung in favor of homeowners again. A steady decline in recent weeks brought down the average rate for a 30-year fixed home loan below 4 percent to 3.92 percent this week, the lowest level in more than a year. As recently as January, the average was 4.53 percent, acco...

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