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Headlines From The Associated Press

  • Global stocks turn higher ahead of Yellen testimony
    LONDON (AP) -- European stocks rose Wednesday and Wall Street was expected to open higher ahead of testimony from the Federal Reserve chief that could either ease market turmoil or add to it. Asian markets mostly fell in a spillover sell-off from the previous day's losses....
  • Yellen to face Congress amid uncertainty on Fed rate policy
    WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen will address Congress on Wednesday at a time of deepening uncertainty about the Fed's interest rate policies....
  • Nissan quarterly profit up on healthy sales; keeps forecasts
    TOKYO (AP) -- Japanese automaker Nissan reported Wednesday a 25 percent increase in fiscal third-quarter profit to 127.2 billion yen ($1.1 billion) on strong sales....
  • Staples gets EU approval for acquisition of Office Depot
    NEW YORK (AP) -- Staples has received European approval for its buyout of Office Depot and in exchange, said Wednesday that it would split off some of its businesses in Europe to allay monopoly fears....
  • Destruction of Moscow kiosks sparks anger among activists
    MOSCOW (AP) -- Russian activists and political commentators have criticized Moscow authorities over the late-night destruction of kiosks around the city....
  • IMF chief warns Ukraine over slow pace of reform
    MOSCOW (AP) -- The head of the International Monetary Fund warned Ukraine on Wednesday that the organization would be unable to keep supporting the country financially if it doesn't step up its reform efforts....
  • Companies lose billions buying back their own stock
    NEW YORK (AP) -- If you think your stocks are doing poorly, check out the performance of some of the most sophisticated investors, the ones with more knowledge about what's going on inside businesses than anyone else: Companies that buy their own shares....
  • Despite protests, Greek PM says reforms 'not optional'
    ATHENS, Greece (AP) -- Protesting farmers says they're planning to camp outside parliament and hold a 48-hour protest against planned pension reforms....
  • Moller-Maersk shipper posts Q4 loss of $2.5 billion
    HELSINKI (AP) -- Hit by sharp declines in freight rates and the oil price, Danish shipping and oil group A.P. Moller-Maersk says it turned a $2.5 billion loss in the fourth quarter, a big turnaround from the previous year's profit of $189 million in the equivalent period....
  • Obama vows to press ahead on Clean Power Plan after setback
    WASHINGTON (AP) -- The administration of President Barack Obama is vowing to press ahead with efforts to curtail greenhouse gas emissions after a divided Supreme Court put his signature plan to address climate change on hold until after legal challenges are resolved....

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