US stocks rise sharply in early trading

NEW YORK — Stocks rose broadly in late-morning trading Monday as the market headed for its fifth straight quarterly gain. Dow member Johnson & Johnson rose on news that it was selling a diagnostics business. KEEPING SCORE: The Standard & Poor's...

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Fiat Chrysler: can boost output to 6M cars a year

TURIN, Italy — Fiat and Chrysler CEO Sergio Marchionne said Monday that the merged company will be able to increase production to more than 6 million cars a year, a level he has long said is the minimum for an automaker to compete in the global market....

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Lufthansa cancels 3,800 flights due to strike

BERLIN — Germany's Lufthansa will cancel some 3,800 flights because of a three-day strike by the pilots' union later this week, hitting more than 425,000 passengers. The cancellations include domestic and intercontinental connections Wednesday, Thursday...

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Stocks open higher, heading for quarterly gain

NEW YORK — Stocks are opening higher on Wall Street as the market heads for a fifth straight quarterly gain. The Standard & Poor's 500 index rose 11 points, or 0.6 percent, to 1,868 in the first few minutes of trading. The index is up 1.1 percent...

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Amazon OKs new TV shows

LOS ANGELES — New series from "X-Files" creator Chris Carter, popular mystery author Michael Connelly and actor-writer Jason Schwartzman are on their way to your computer, mobile devices and TV. Amazon has given the green light to six series produced...

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Global stocks up after Yellen comments

LONDON — Global stocks rose Monday after U.S. Federal Reserve Chair Janet Yellen said interest rates in the world's largest economy would stay low for some time yet as the jobs market remains weak. Yellen's comments shored up confidence in financial...

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Minimum wage value falling but fairness is debated

WASHINGTON — The federal minimum wage has been below what's needed to keep a family of three out of poverty since 1980. It's also well shy of the peak of its buying power almost half a century ago. Is the current $7.25 hourly minimum fair? Is now the...

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Mass. gas prices trickle down a penny

BOSTON — The price of a gallon of gas in Massachusetts has trickled down by a penny. AAA Southern New England reports Monday that self-serve, regular is down to an average of $3.51 per gallon from last week. The current price is a full nickel below...

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Supreme Court takes up drug company dispute

WASHINGTON — The Supreme Court is wading into a patent dispute between rival pharmaceutical companies over a multiple sclerosis treatment. The justices agreed Monday to hear an appeal from Teva Pharmaceutical Industries Ltd., which claims the U.S. Court...

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Yellen: Job market needs low rates 'for some time'

WASHINGTON — Federal Reserve Chair Janet Yellen made clear Monday that she thinks the still-subpar U.S. job market will continue to need the help of low interest rates "for some time." Yellen's remarks signaled that even after the Fed phases out its...

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