Oil rises as Israel-Hamas fight continues

The price of oil rose to $88 a barrel Monday as the conflict in Gaza between Israel and Hamas showed no signs of abating, raising concerns about Middle East crude supplies. By early afternoon in Europe, benchmark oil for December delivery was up $1.09...

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Lowe's 3Q net income climbs on fewer charges

NEW YORK — Lowe's Cos.' said Monday that its third-quarter net income surged 76 percent, helped by lower costs and higher revenue, as the company's efforts to revamp its merchandise and prices appeared to be gaining traction. Its adjusted earnings...

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Total sells Nigeria offshore oil stake for $2.5B

LAGOS, Nigeria — French oil firm Total SA says it has sold a stake in an offshore oil field in Nigeria for $2.5 billion to Chinese state oil company Sinopec Corp. Total made the announcement Monday in a statement posted to its corporate website. Sinopec...

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Intel CEO Paul Otellini to retire in May

SANTA CLARA, Calif. — Intel says its CEO, Paul Otellini, plans to retire in May after nearly 40 years with the company. Intel Corp. said Monday that its board will look at company executives as well as external candidates to replace Otellini. He has...

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US stocks open higher

NEW YORK — The stock market is starting the holiday week with a big gain. Just after the opening bell on Wall Street, the Dow Jones industrial average is up 102 points at 12,690. The Standard & Poor's 500 index is up 12 at 1,372. And the Nasdaq...

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SAS avoids bankruptcy after unions approve plan

COPENHAGEN, Denmark — Danish and Norwegian media are reporting that all eight unions have now approved a savings plan that will help the troubled SAS carrier stay afloat. Denmark's TV2 and Norway's NTB news agency are reporting that the Danish CAU...

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BCE resubmits Astral bid to broadcast regulator

TORONTO — Canada's largest telecommunications company, BCE Inc., resubmitted a bid to the country's broadcast regulator to buy Astral Media Inc. for $3.38 billion, the companies said Monday. The Canadian Radio-television Telecommunications Commission...

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Cisco Systems to buy Meraki for $1.2 billion

NEW YORK — Cisco Systems Inc., the world's largest maker of computer networking gear, said Sunday it is buying Meraki for $1.2 billion to expand its ability to let customers compute in the cloud. Cloud computing refers to the increasingly popular...

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US budget hopes shore up markets

LONDON — Optimism over the progress of crucial U.S. budget talks combined with hopes that Greece will get its next bailout payment to send markets sharply higher on Monday. The advance followed a rebound late Friday amid signs that President Barack...

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Mass. gas prices drop 3 cents per gallon

BOSTON -- The cost of a gallon of gasoline in Massachusetts has dropped another three cents, but remains more expensive than the national average. AAA Southern New England reports Monday that the average price of a gallon of self-serve, regular is...

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