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CSX 4Q profit up 25 percent and railroad gets tax-cut boost

CSX Corp. reported Tuesday that its fourth-quarter profit grew 25 percent as it further cut expenses, and on top of it the railroad booked a $3.6 billion benefit from the corporate tax cut Congress approved last year.The Jacksonville, Florida-based...

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Concept cars from Japan automakers offer glimpse into future

Japanese vehicle brands are exploring new design ideas — and figuring out what sets them apart from their U.S. and European rivals — with new prototype vehicles.Nissan, Infiniti and Lexus are all unveiling new concept cars at the Detroit auto show...

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Consumer watchdog considering repeal of payday lending rule

The Consumer Financial Protection Bureau has decided to reconsider a key set of rules enacted last year that would have protected consumers against harmful payday lenders.The bureau, which came under control of the Trump administration late last year...

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Watchdog: Foreign groups among spenders at Trump properties

More than 60 groups, including foreign governments, political campaigns and business organizations, spent money at Trump-branded properties across the U.S. last year, according to a report Tuesday by a watchdog group that has long been critical of...

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US travel industry launches plan to reverse tourism decline

Travel industry representatives sounded an alarm Tuesday over declines in international tourism to the U.S. and announced plans to reverse the trend.Organizers of the new Visit U.S. Coalition portrayed the decline as long-term, going back to 2015...

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Tax law brings big paper losses, long-term gains to US banks

Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into compliance with the new tax law. And while the losses are massive, they were largely expected, and bank executives say the new tax law...

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Weekend derailment is latest black eye for DC subway system

A derailment over the Martin Luther King Jr. holiday weekend is only the latest problem for the dysfunctional D.C. subway system that Washingtonians love to hate.Metro's problems are familiar to subway riders in New York and other big cities: smoke-filled...

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French prison guards protest violent working conditions

French prison guards protested outside scores of jails across the country Tuesday for the second day in a row, demanding more security, more staff and safer handling of violent inmates.Protesters bellowing the national anthem shouted down Justice...

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The Latest: Fiat Chrysler CEO says 3 new SUVs in the works

The Latest on the North American International Auto Show in Detroit (all times local):9:45 a.m.Fiat Chrysler CEO Sergio Marchionne says three new SUVs are in the works, including sporty versions from Alfa Romeo and Ferrari and a Chrysler based on...

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New small cars unveiled at auto show but will anyone buy?

Among the many shiny models vying for attention at Detroit's North American International Auto Show are the revamped Volkswagen Jetta, Hyundai Veloster and Kia Forte.But cars — particularly small ones — are having a tough time getting buyers to look...

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