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June 19, 2013

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  • Oil falls near $98 a barrel before Bernanke speaks

    06/19/13 02:15 AM

    BANGKOK (AP) — The price of oil fell Wednesday, before the conclusion of a U.S. Federal Reserve meeting. Benchmark oil for July delivery fell 13 cents to $98.31 per barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 67 cents to close at...

  • Japan formally OKs new nuke safety requirements

    06/19/13 02:15 AM

    TOKYO (AP) — Japan's nuclear watchdog has formally approved new safety requirements for atomic plants, paving the way for the reopening of facilities shut down since the Fukushima disaster. The new requirements approved Wednesday by the Nuclear Regulation Authority will take effect on July 8,...

  • Dish won't submit revised bid for Sprint

    06/19/13 02:01 AM

    ENGLEWOOD, Colo. (AP) — Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already considers a superior offer from Japan's Softbank. Dish said that Sprint Nextel Corp.'s decision...

  • Rural lawmakers push for farm bill votes in House

    06/19/13 01:46 AM

    WASHINGTON (AP) — Farm-state lawmakers are scrambling to win bipartisan support for a five-year, half-trillion-dollar farm bill on the House floor this week. The legislation would cut $2 billion a year from food stamps while raising subsidies for several crops. Though it has support from...

  • China's Wanda buys luxury yacht maker Sunseeker

    06/19/13 01:45 AM

    BEIJING (AP) — Chinese property and cinema conglomerate Dalian Wanda Group says it is buying British yacht maker Sunseeker and will develop an upmarket London hotel, expanding into the luxury market as part of the latest foray abroad by a major Chinese firm. The company said Wednesday it was...

  • A guide to the Federal Reserve's events Wednesday

    06/19/13 01:16 AM

    WASHINGTON (AP) — Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record lows. On Wednesday, many hope the Fed will settle the confusion. Will the Fed scale back its...

  • Gov't report: Smooth launch unsure for health law

    06/19/13 01:16 AM

    WASHINGTON (AP) — There's no guarantee that President Barack Obama's health care law will launch smoothly and on time, congressional investigators say in the first in-depth independent look at its progress. But in a report to be released Wednesday, the congressional Government Accountability...

  • Chrysler agrees to recall of Jeeps at risk of fire

    06/19/13 01:00 AM

    DETROIT (AP) — After initially defying federal regulators, Chrysler abruptly agreed Tuesday to recall some older-model Jeeps with fuel tanks that could rupture and cause fires in rear-end collisions. But the recall, which came in an 11th-hour deal between the automaker and the National...

  • Asia Markets mostly down as investors eye Fed

    06/19/13 01:00 AM

    SEOUL, South Korea (AP) — Asian markets were mostly lower Wednesday as investors waited for an update on the U.S. economy from the U.S. Federal Reserve. The results of a two-day Fed policy meeting will likely ripple through stock markets once investors learn whether there will be changes in...

  • Award-winning journalist Michael Hastings dies

    06/19/13 12:32 AM

    LOS ANGELES (AP) — Award-winning journalist and war correspondent Michael Hastings, whose unflinching reporting ended the career of a top American army general, died early Tuesday in a car accident in Los Angeles, his employer and family said. Hastings, who was 33, was described by many of...


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