US consumer spending rose 0.5 percent in November

WASHINGTON — Americans increased their spending in November by the most in five months, and their income edged up modestly. Consumer spending rose 0.5 percent from October, when spending had risen 0.4 percent, the Commerce Department said Monday. It...

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Optimism over US economy shores up markets

AMSTERDAM — World stocks traded higher on Monday despite concerns over a cash crunch in China as investor sentiment remained buoyed by growing optimism over the U.S. economy. However, with many traders already off for the Christmas break, volumes were...

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Stocks rise to start off a slow holiday week

NEW YORK — Stocks moved higher in early Monday trading, in what is traditionally a slow week as investors close the books on 2013. Apple helped lift technology stocks after the company reached a deal to sell the iPhone to China's largest wireless carrier....

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Plane slides off taxiway at Detroit Metro airport

ROMULUS, Mich. — A Delta jet headed to Atlanta has slid off a taxiway at Detroit Metropolitan Airport. No one was hurt. Delta Air Lines spokesman Morgan Durrant  says the plane "may have hit some black ice," before sliding from the taxiway on to...

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Vegas casinos draw tourists with holiday exhibits

LAS VEGAS — Las Vegas has mostly shelved its attempt to rebrand itself as a family-friendly wonderland. But there's one exception: the dreaded holiday season, when visitor numbers crater and room vacancies soar. In an attempt to lure tourists, Las Vegas...

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Mohegan Sun reaches new deal with Revere

Revere and Mohegan Sun have come to terms on an amended host community agreement that spells out what benefits Revere will receive in exchange for hosting a casino on its side of Suffolk Downs. The agreement was inked yesterday, a source close to the...

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Jos. A. Bank turns down Men's Wearhouse offer

NEW YORK — Jos. A. Bank is rejecting a takeover offer from competitor Men's Wearhouse, saying the $1.54 billion bid is too low. Jos. A. Bank Clothiers Inc. said Monday its board unanimously rejected the offer. The Hampstead, Md., company said it will...

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To clean up coal, Obama pushes more oil production

DE KALB, Miss. — America's newest, most expensive coal-fired power plant is hailed as one of the cleanest on the planet, thanks to government-backed technology that removes carbon dioxide and keeps it out of the atmosphere. But once the carbon is stripped...

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Man in drug website case wants his bitcoin back

NEW YORK — An Internet entrepreneur accused of being behind an online marketplace for illegal drugs has asked the government to return more than $30 million in bitcoin seized from his computers. Ross Ulbricht, of San Francisco, was arrested in October...

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A second wind for health law? Or just hot air?

WASHINGTON — Whether you love it or hate it or are just plain confused by it, you've got to give the health care law this much: There's plenty of drama. The nail biting goes on. As the clock ticks toward the Jan. 1 start of insurance coverage under...

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