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Porsche tops in annual survey of vehicle quality
Porsche tops in annual survey of vehicle quality
Porsche is the top performer in an annual survey of new vehicle quality. J.D. Power questioned more than 83,000 U.S. car owners about problems with their 2013 vehicles in the first 90 days of ownership. In the results released Wednesday, Porsche, GMC, Lexus, Infiniti and Chevrolet owners reported t

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UK gives green light to food health ratings
UK gives green light to food health ratings
The UK is introducing a labelling scheme which colour codes foods according to how healthy they are.

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Cyprus seeks help from creditors for troubled bank
Cyprus seeks help from creditors for troubled bank
Cyprus' president has warned the country's international creditors that its largest bank's cash reserves are running dangerously low, a problem that could undermine the country's 23 billion euro ($30.8 billion) financial rescue package. In a letter obtained by the Associated Press Wednesday, Nicos

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Ahead of the Bell: Adobe Systems
Ahead of the Bell: Adobe Systems
Adobe's stock surged in premarket trading Wednesday as the software maker said that its Creative Cloud subscriptions continued to climb in its fiscal second quarter. Late Tuesday, Adobe, which makes popular software like Adobe Reader and Photoshop, said that revenue from subscriptions surged 60 per

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Stocks edge lower as investors wait for the Fed
Stocks edge lower as investors wait for the Fed
Stocks are edging lower in early trading on Wall Street as investors hold back ahead of a policy announcement from the Federal Reserve. The Dow Jones industrial average was down 17 points, or 0.1 percent, at 15,301 in the first few minutes of trading Wednesday. The Standard & Poor's 500 index was d

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China's Wanda buys luxury yacht maker Sunseeker
China's Wanda buys luxury yacht maker Sunseeker
Chinese property and cinema conglomerate Dalian Wanda Group said Wednesday it is buying British yacht maker Sunseeker and will develop a high-end London hotel, expanding into the luxury market as part of the latest foray abroad by a major Chinese firm. The company will acquire a 91.81 percent stake

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Airbus clocks 59 orders for new A350 wide-body jet
Airbus clocks 59 orders for new A350 wide-body jet
Airbus raked in orders Wednesday for its new A350, announcing 59 sales of the wide-body jet that flew for the first time last week. Singapore Airlines ordered 30 A350-900s, with an option to buy another 20 of the 900s or the larger 1000 model. The airline had already ordered 20 of the A350. Air Fra

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Bribery trial of former Finmeccanica CEO opens
Bribery trial of former Finmeccanica CEO opens
The former head of Italian aerospace and defense giant Finmeccanica , accused by prosecutors of making bribery part of the company culture, went on trial Wednesday for his alleged role in the payment of bribes to secure a crucial 560 million euro ($670 million) helicopter contract in India. Giusepp

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Bernanke see an end to US economic misery
Bernanke see an end to US economic misery
Fed chairman's cautious optimism sparks sell-off on Wall Street, provides boost to US dollar.

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IMF calls for urgent steps on Spain unemployment
IMF calls for urgent steps on Spain unemployment
Spain faces the prospect of of high unemployment and sluggish growth lasting years unless the country and Europe take "urgent action" to slash the nation's crippling 27 unemployment rate and free frozen credit to businesses so they can expand, the International Monetary Fund said Wednesday. A repor

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Men's Wearhouse ousts founder, pitchman Zimmer
Men's Wearhouse ousts founder, pitchman Zimmer
Men's Wearhouse doesn't like the way its founder looks anymore. The men's clothier said Wednesday that it fired executive chairman and face of the company George Zimmer, 64, who has appeared in many of its TV commercials with the slogan "You're going to like the way you look. I guarantee it." The c

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EU fines pharma firms over generics delay
EU fines pharma firms over generics delay
The European Union has fined Danish pharmaceuticals multinational Lundbeck and several other producers a combined 146 million euros ($195 million) for delaying the market entry of cheaper generic alternatives to a major antidepressant. The EU claimed that the companies sought to capitalize profit a

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FedEx 4Q profit drops as priority services lag
FedEx 4Q profit drops as priority services lag
FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options. Excluding charges, the results still beat Wall Street expectations. But the company's forecast for the next 12 months was shy of Wall Street forecasts and shares fell in pr

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Houston hosts MLB diversity business summit
Houston hosts MLB diversity business summit
Major League Baseball Commissioner Bud Selig touted the progress the league has made in racial hiring practices while stressing his desire to increase the number of black players in the sport. Selig spoke Wednesday at the MLB diversity business summit. The league received an A rating in racial hiri

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US futures waver in light trading
US futures waver in light trading
U.S. stock futures are mixed in light trading with investors holding back before the Federal Reserve reveals its stance on the economy. Markets have swung wildly for weeks leading up to the two-day meeting, which ends Wednesday. Dow Jones industrial futures are down 14 points to 15,230. The broader

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Chrysler agrees to recall of Jeeps at risk of fire
Chrysler agrees to recall of Jeeps at risk of fire
After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, which came in an 11th-hour deal between the automaker and the National Highway Traffic Safety Admi

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New News Corp in weak ASX debt
New News Corp in weak ASX debt
New News Corp has had an inglorious debut on the Australian share market, with its stock falling.The share price of the newly hived off publishing business was down nearly four per cent to $14.42 at 1245 AEST, after opening at $15.00 at noon on Wednesday.The non-voting stock was down more than eight

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Brand rankings in 2013 quality survey
Brand rankings in 2013 quality survey
J.D. Power and Associates released its ranking of initial quality in 2013 model-year vehicles Wednesday. Here's how the brands stacked up, along with their problems per 100 vehicles and how much they moved up or down in the rankings from last year. 1. Porsche (80, +2) 2. GMC (90, +10) 3. Lexus (94,

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News Summary: Japan OKs nuclear requirements
News Summary: Japan OKs nuclear requirements
NOD TO NUKES: Japan's nuclear watchdog formally approved a set of new safety requirements for atomic power plants, paving the way for the reopening of facilities shut down since the Fukushima disaster in a move critics charged was too hasty. BEGINNING OF THE END: All but two of Japan's 50 reactors h

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Top performing models in 2013 auto quality survey
Top performing models in 2013 auto quality survey
J.D. Power and Associates released its annual survey of vehicle quality Wednesday. The survey asked drivers about problems with 2013 model-year vehicles in the first 90 days of ownership. Here are the top-ranked models in four of the biggest segments of the U.S. auto market: Compact Cars: Honda Civi

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