Detroit bankruptcy trial resumes after settlement

DETROIT — A judge refused to extend a timeout Monday in Detroit's bankruptcy trial after a deal with a major creditor removed another opponent from the city's plan to exit the largest Chapter 9 case in U.S. history. A bond insurer, Financial Guaranty...

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Stocks mixed ahead of this week's Fed meeting

NEW YORK — U.S. stocks were mixed Monday morning ahead of this week's potential pivotal Federal Reserve meeting. The Fed is nearing the end of its bond-buying stimulus program, and investors will be looking for indications of when policy makers will...

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GM expert says 19 deaths eligible for compensation

DETROIT — General Motors' compensation expert in cases involving faulty ignition switches has determined that 19 wrongful death claims are eligible for payments from the company. Attorney Kenneth Feinberg has received 125 death claims due to the faulty...

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Roman Catholic bishops support casino law repeal

BOSTON — Roman Catholic leaders in Massachusetts are urging residents to vote in favor of November's ballot question to repeal the state's casino law. Boston Cardinal Sean O'Malley, Worcester Bishop Robert McManus, Springfield Bishop Mitchell Rozanski...

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US wealth gap putting the squeeze on state revenue

WASHINGTON — Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard &...

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Microsoft to acquire 'Minecraft' maker for $2.5 billion

Microsoft said it reached an agreement to acquire Mojang AB, the Swedish game developer behind the blockbuster "Minecraft" franchise, in a deal worth $2.5 billion. Microsoft said its investments in cloud and mobile technologies will let "Minecraft"...

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Microsoft to buy 'Minecraft' maker for $2.5B

NEW YORK — Microsoft will acquire the maker of the long-running hit game Minecraft for $2.5 billion as the company continues to invest in its Xbox gaming platform and looks to grab attention on mobile phones. The technology company said it will buy...

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Olive Garden defends breadstick policy

NEW YORK — Olive Garden is defending its practice of giving customers as many breadsticks as they want, saying the policy conveys "Italian generosity." The remark is part of a response by the chain's parent company, Darden Restaurants Inc., to a nearly...

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Media and entertainment sector profitability forecast to rise again in 2014

Big media and entertainment companies worldwide are expected to average 28% profit margins this year, up from 26% last year, according to a forecast from consulting firm EY. That's better than major stock-market indices, and the highest level since it...

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ZF buying TRW Automotive for about $11.74B

LIVONIA, Mich. — German automotive transmission maker ZF Friedrichshafen AG is buying Michigan-based TRW Automotive for $11.74 billion, a move that creates the world's second-largest auto supplier. The deal, with a total value of about $13.5 billion...

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