China says economy stabilizing after long slowdown

BEIJING — China's government tried Monday to reassure companies and its public about the economy's health, saying growth is stabilizing after a lengthy decline and should hit the official target of 7.5 percent for the year. The announcement by the chief...

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BATS Global Markets buying Direct Edge

NEW YORK — Securities exchange operator BATS Global Markets Inc. is buying Direct Edge LLC. Financial terms were not disclosed Monday. The four U.S. equity exchanges run by BATS and Direct Edge will remain in operation. These include the BATS BZX and...

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As ESPN looks to stay on top, challenges are clear

BRISTOL, Conn. — It's altogether fitting that the first event at ESPN's colossal Digital Center 2 looked to the future as the company faces more than the usual challenges. DC2 is still mostly a shell, at least seven months from opening as the new home...

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Stocks held back by plunge in factory orders

NEW YORK  — A handful of corporate deals helped nudge the stock market higher despite a disappointing report on the economy. Amgen surged after the biotech giant said it plans to buy Onyx Pharmaceuticals for $10.4 billion. The deal would give Amgen...

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Deals send stocks edging higher on Wall Street

NEW YORK — A handful of deals helped nudge the stock market up in early trading Monday, despite a disappointing report on the economy. Amgen surged 8 percent, the biggest gain in the Standard & Poor's 500 index, after the biotech giant said it plans...

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Mass. gas prices down 2 cents per gallon

BOSTON — Gasoline prices in Massachusetts continue their downward trend, falling another 2 cents per gallon the past week. AAA Southern New England reports Monday that a gallon of self-serve, regular has dropped to an average of $3.62. That's 11 cents...

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Probe doesn't find fraud at BP spill claims office

NEW ORLEANS — The head of security for the administrator of BP's multibillion-dollar settlement with Gulf Coast residents and businesses says an internal probe of alleged misconduct by an employee of a Mobile, Ala., claims center hasn't turned up any...

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Grain futures higher on the CBOT

CHICAGO — Grains futures were mostly higher Monday in early trading on the Chicago Board of Trade. Wheat for December delivery was unchanged at 6.3450 a bushel; December corn was 22.50 cents higher at $4.9250 a bushel; December oats were unchanged at...

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Bay State building permits skyrocket in July

The number of permits for new, privately owned housing units in Massachusetts soared in July, according to new census data. Last month, building permits for 1,880 units were authorized, compared to 1,724 in June and 715 in July 2012. The total number...

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Internal probe: No fraud at BP claims center in AL

NEW ORLEANS — The head of security for the administrator of BP's multibillion-dollar settlement with Gulf Coast residents and businesses says an internal probe of alleged misconduct by an employee of a Mobile, Ala., claims center hasn't turned up any...

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