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US industrial production rose 0.9 percent in December

The Federal Reserve says U.S. industrial production rose 0.9 percent in December, pulled higher by a surge in utility output, another sign of health for the American economy.Utility production shot up 5.6 percent last month, the most since March 2017...

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The Latest: French airport activists refuse order to leave

The Latest on a disputed airport plan in France (all times local):4:45 p.m.Activists are refusing an order by the French prime minister to leave their makeshift settlement in western France set up years ago to protest the construction of a new airport...

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Goldman Sachs posts $1.9 billion loss due to new tax law

Goldman Sachs posted a $1.93 billion loss in the fourth quarter as the investment bank had to record more than $4 billion in charges related to the new tax law. It was the bank's first quarterly loss in more than six years.Goldman lost $5.51 a share...

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European car sales at highest level in 10 years

Car sales in Europe topped the 15-million mark for the first time in a decade in 2017, the fourth straight year of higher registrations, the association of European carmakers said Wednesday.Registrations of new cars were up 3.4 percent from 14.6 million...

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Bank of America 4Q profits fall by 48 percent due to tax law

Bank of America said Wednesday that its fourth-quarter profits fell by nearly half from a year ago, as the bank had to book $2.9 billion in charges related to the new tax law. But setting aside those charges, the bank is showing signs that whatever...

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EU maintains offer to keep Britain in despite vote to leave

European Commission chief Jean-Claude Juncker on Wednesday maintained the offer for Britain to remain in the EU even after both sides have entered the second phase of Brexit negotiations.Juncker told the EU legislature that even if the famed Article...

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France abandons plans to build new airport in the west

France will abandon plans to build a new airport in the west, the prime minister announced Wednesday, ordering the activists who have been protesting the project for nearly a decade to leave their makeshift settlement and unblock nearby roads.Despite...

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Volkswagen sells record 10.74 million vehicles in 2017

German automaker Volkswagen had record sales of 10.74 million vehicles last year, but its bid to remain the world's largest carmaker was disputed by rival Renault-Nissan-Mitsubishi.Volkswagen's sales rose 4.3 percent from 10.30 million in 2016, when...

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Searches at French baby milk maker after salmonella scare

French authorities are searching five sites run by dairy giant Lactalis in an investigation into the botched mass recall of baby milk products after a salmonella scare.The Paris prosecutor's office said sites being searched Wednesday include Lactalis...

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Saudi Arabia to transfer $2 billion after urgent Yemen plea

Saudi Arabia's King Salman ordered the transfer of $2 billion to Yemen on Wednesday, a day after Yemen's Saudi-backed prime minister made an urgent appeal on the kingdom and its allies to save the local currency from "complete collapse."Prime Minister...

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