US stocks rise, pushing market to record levels

NEW YORK — Stock rose on Monday, pushing U.S. market indexes to all-time highs, as investors bought some of the unloved stocks that have been slumping in recent weeks. Twenty-First Century Fox gained following reports that the company is trying to consolidate...

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Bankrupt Stockton defends financial plan in court

FRESNO, Calif. — The largest city in California to file for bankruptcy protection is asking a judge Monday to approve its plan for reorganizing more than $900 million in long-term debt to rescue the city from two years of financial uncertainty. Standing...

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EU adds 13 people, 2 firms to Ukraine list

BRUSSELS — European Union foreign ministers added 13 people Monday to their visa ban and asset freeze list over Ukraine's crisis but are not expected to decide whether to impose tough economic measures on Russia before Ukraine's May 25 elections, officials...

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Allergan board turns down Valeant takeover offer

IRVINE, Calif. — Botox maker Allergan formally rejected on Monday a takeover bid from Valeant Pharmaceuticals, saying that the unsolicited offer worth nearly $46 billion undervalues the company and poses a significant risk to its growth prospects. Shortly...

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German labor official urges speedy minimum wage

BERLIN — Germany's new top labor official says he will push to have the country introduce a national minimum wage quicker than planned and work to make union membership more attractive to young people. Reiner Hoffmann, 58, was elected Monday to succeed...

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Mass. gas prices down by 2 cents per gallon

BOSTON — Massachusetts drivers are getting a break at the pump, with the cost of a gallon of gas trickling down by 2 cents. AAA Southern New England reports Monday that self-serve regular dropped in the past week to an average of $3.66 per gallon. ...

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Pfizer underscores UK commitments in memo

LONDON — Pfizer Inc. has sought to allay concerns over its proposed $106 billion takeover offer of Anglo-Swedish pharmaceuticals firm AstraZeneca, insisting that its promises will be legally binding. In a memo Monday to two U.K. parliamentary committees...

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Hillshire looks beyond meat with Birds Eye, Vlasic

NEW YORK — Hillshire Brands is pushing further outside the deli case with a deal to buy the maker of Birds Eye frozen vegetables, Duncan Hines cakes mixes and Hungry-Man frozen dinners. The Chicago-based company, which makes Hillshire Farm lunch meats,...

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Godzilla proves even giant monsters need lawyers

He spews radioactive fire, razes cities and pummels creatures from Earth and beyond, but even Godzilla needs a good lawyer sometimes. After all, you don't survive 60 years in the movie business without taking some fights to court. For decades, attorneys...

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World markets weather latest Ukraine jitters

LONDON — Stock markets in China and Hong Kong were the best performers Monday after authorities promised financial reforms. Markets elsewhere were solid, particularly in the U.S., despite ongoing concerns over Ukraine. China's Shanghai Composite jumped...

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