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  • Severstal completes sale of 2 US plants

    JACKSON, Miss. (AP) — Russian steel company Severstal has completed its sale of a pair of steel plants to AK Steel and Steel Dynamics. In a statement from Severstal's press office, CEO Alexey Mordashov confirmed Tuesday the sale of Severstal Columbus, LLC, which is located in northeast...

  • Tycoon buys 30 Rolls-Royces for Macau hotel

    HONG KONG (AP) — A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong...

  • Strong euro dents 1st-half profits for Zara owner

    MADRID (AP) — Spanish fashion retailer Inditex, which owns Zara stores, says net profit fell by 2.4 percent in the first half of 2014 despite robust sales, mainly due to the impact of a strong euro. The company said Wednesday that profit for February to July was 928 million euros ($1.2 billion)...

  • World stocks mostly higher ahead of Fed statement

    KUALA LUMPUR, Malaysia (AP) — World stock markets were mostly higher Wednesday, buoyed by hopes that the Federal Reserve will not speed up plans to raise interest rates and reports that China is providing extra liquidity to major state banks. KEEPING SCORE: France's CAC 40 was up 0.4 percent at...

  • Bank of England remains split on rates

    LONDON (AP) — Bank of England policymakers remain divided on whether to raise interest rates, voting 7-2 at their last meeting in favor of keeping the main rate at a record low 0.5 percent. Minutes from the Sept. 3-4 meeting show Wednesday that policymakers retained the status quo even as...

  • Hospitals struggled during Sandy, report says

    TRENTON, N.J. (AP) — When Superstorm Sandy slammed into the Northeast nearly two years ago, hospitals found themselves dealing with surges in patients, lost power supplies and employees who couldn't get to work — problems that a new federal report finds they were not prepared to handle. The...

  • Asian stocks higher on China stimulus reports

    KUALA LUMPUR, Malaysia (AP) — Asian stock markets were mostly higher Wednesday, buoyed by reports that China is providing liquidity to major banks and hopes that the Federal Reserve will not speed up plans to raise interest rates. KEEPING SCORE: Tokyo's Nikkei 225 rose 0.1 percent to 15,929.85...

  • Braves' new stadium has a name _ SunTrust Park

    ATLANTA (AP) — The Braves are still more than two years away from moving into their new suburban ballpark. They already know what it will be called. At a groundbreaking celebration Tuesday, the Braves announced a naming rights deal with Georgia's largest bank that will result in the...

  • James unveils new shoe before restart with Cavs

    BEAVERTON, Ore. (AP) — LeBron James had some business to take care before rejoining the Cleveland Cavaliers for training camp. He was at Nike's corporate headquarters Tuesday for the unveiling of his new shoe, the LeBron 12. It is his first new shoe with Nike since he returned this summer to...

  • House passes bill to oversee VA hospital building

    WASHINGTON (AP) — The House has passed a bill to increase oversight of veterans' hospitals under construction, following a report that some medical centers take three years longer to complete than estimated and cost an extra $366 million per project. Republican congressman Mike Coffman of...

  • Snyder touts expanded Medicaid in re-election bid

    LANSING, Mich. (AP) — Gov. Rick Snyder on Tuesday touted Michigan's successful Medicaid expansion as part of his re-election bid, saying 63,000 more low-income adults have signed up than projected this year, with 3½ months left. The Republican governor said about 385,000 enrolled between April,...

  • Penn. editor, Conn. newspaper get diversity award

    CHICAGO (AP) — Philadelphia Daily News Editor Michael Days and the New Haven Register received the 13th annual Robert G. McGruder Award for Diversity Leadership at the Associated Press Media Editors-American Society of News Editors conference on Tuesday. Days and the Register were recognized...

  • Sen. Reid moves to ensure nuclear dump stays dead

    WASHINGTON (AP) — Amid action in Congress to intensify the fight against Islamic State militants, Senate Majority Leader Harry Reid found time Tuesday for an issue closer to home: ensuring that a nuclear waste dump in his home state of Nevada remains mothballed even after the government has...

  • LED maker Cree files patent infringement suits

    STURTEVANT, Wis. (AP) — Cree Inc., a maker of energy-efficient lighting, has filed patent infringement lawsuits against two competitors. Cree said Tuesday it sued Harvatek Corp. and Kingbright Corp. in U.S. District Court for the Western District of Wisconsin. In a statement, North...

  • US senator to ask Congress to suspend coal sales

    BILLINGS, Mont. (AP) — A U.S. senator said Tuesday he will ask fellow lawmakers to halt coal sales on federal lands in the West after a senior Obama administration official declined to suspend the troubled government program. Massachusetts Sen. Ed Markey said the Interior Department moved too...



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