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Moody's downgrades Hong Kong credit rating after China cut

Moody's has cut its credit rating for Hong Kong hours after downgrading China for rising debt levels, which it said would have "significant impact" on the Asian financial hub because of their close links. The rating agency said late Wednesday...

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Hawaii sues Ford, Nissan and Toyota over dangerous air bags

Hawaii is suing auto manufacturers Ford, Nissan and Toyota over air bags that can spew shrapnel when they deploy. The complaint filed Wednesday says the manufacturers knew or should have known for more than a decade that air bags installed...

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Media mogul Jerry Perenchio dies in LA at 86

Jerry Perenchio was a media mogul, billionaire former owner of Univision and the producer behind a slew of hit shows and sporting events but his house appeared more often on TV than he did. Perenchio was famously publicity-shy. The first...

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Architect of Dodd-Frank repeal bill agrees to key change

The architect of House legislation that would repeal much of the Dodd-Frank law enacted after the financial crisis agreed Wednesday to make a key change to the bill, clearing the way for the full House to take up the measure in coming weeks. ...

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Major sponsor pulls support from Alaska's Iditarod race

The world's most famous sled dog race has lost a major backer, and Alaska race officials are blaming animal rights organizations for pressuring corporate sponsors outside the state like Wells Fargo with "manipulative information" about the treatment...

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Passenger: airline was warned about disruptive man at gate

Before a flight from Los Angeles to Honolulu took off carrying a passenger whose inflight behavior prompted bomb-threat procedures and military fighter jets to escort the plane, passengers complained to American Airlines workers that the man was scaring...

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Hannity says liberal fascists after sponsors; 1 is leaving

Sean Hannity says a media watchdog is guilty of "liberal fascism" for targeting advertisers on his Fox News Channel show, as one company announced Wednesday that it would no longer hawk its wares there. The Chicago-based Cars.com said that...

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Judges divided in hearing on consumer agency power

Federal appeals judges are divided as they hear arguments over whether the president should be able to more easily fire the head of the government's consumer finance watchdog agency. The U.S. Court of Appeals for the District of Columbia...

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US charges 7 with stealing trade secrets for Chinese company

U.S. prosecutors say a Chinese company paid Houston-based employees of an engineering company to steal formulas on a type of foam used in offshore drilling. Seven people were charged in a complaint unsealed Wednesday. Shan Shi and...

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Drugmaker paying $33M over recalled nonprescription meds

Johnson & Johnson has reached a $33 million settlement with 42 states, resolving allegations the health care giant sold nonprescription medicines that didn't meet federal quality requirements. The settlement was announced Wednesday by...

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