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US stocks rise as weaker dollar lifts machinery companies

NEW YORK (AP) — Stocks are rising Wednesday morning as machinery and chemicals companies get a boost from the weaker dollar. Energy companies are edging higher as the price of oil continues to rise. Payment terminal maker VeriFone is tumbling after cutting its expectations and saying it will eliminate jobs. KEEPING SCORE: The Dow Jones industrial average edged up 45 ...

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US stocks climb with energy companies, oil hits milestone

stocks, oil, energy companies

NEW YORK (AP) — U.S. stocks continue to rise Tuesday as energy companies build on their surge from a day earlier. The price of oil surpassed $50 a barrel for the first time in almost a year. Phone companies are rising as bond yields fall. KEEPING SCORE: The Dow Jones industrial average rose 71 points, or 0.4 percent, to 17,991 ...

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Shell to cut more costs as a result of merger with BG Group

LONDON (AP) — Energy company Royal Dutch Shell will cut more costs, more quickly than previously planned, as a result of its merger with BG Group Plc this year. The Anglo Dutch company made the announcement Tuesday as it tried to assure investors that it could handle the debt that came with its $54 billion takeover. Critics have questioned the ...

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Global stocks surge as Yellen appears to put off rate hike

LONDON (AP) — Global stocks rallied Tuesday after U.S. Federal Reserve Chair Janet Yellen hinted that an interest rate increase next week is unlikely in light of a weak U.S. jobs report and uncertainties surrounding the U.S. and world economies. KEEPING SCORE: In Europe, Germany’s DAX soared 1.9 percent to 10,308 while the CAC-40 was up 1.3 percent at 4,482. ...

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Federal Reserve relief and oil prices send stocks higher

NEW YORK (AP) — Stocks jumped Monday after Federal Reserve Chair Janet Yellen again managed to soothe investors’ jangled nerves. The Standard & Poor’s 500 index made its highest close in 2016, and oil prices also reached their highest levels of the year. Market indexes were higher all day. They weakened a bit during Yellen’s remarks, but rose further as ...

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US stocks climb, led by energy companies as oil prices rise

NEW YORK (AP) — U.S. stocks are solidly higher Monday morning as energy companies rise along with the price of oil. Fertilizer companies are also gaining ground, but retailers are slumping. KEEPING SCORE: The Dow Jones industrial average gained 91 points, or 0.5 percent, to 17,897 as of 10:05 a.m. Eastern time. The Standard & Poor’s 500 index rose 8 ...

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US gains just 38K jobs, fewest in 5 years; rate at 4.7 pct.

WASHINGTON (AP) — U.S. employers drastically slowed their hiring in May, adding just 38,000 jobs, the fewest in more than 5 years and a sign of concern after the economy barely grew in the first three months of the year. At the same time, the unemployment rate tumbled to 4.7 percent from 5 percent, the Labor Department said Friday, its ...

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US services firms grew at slowest pace since February 2014

WASHINGTON (AP) — U.S. services firms grew at the slowest pace in more than two years last month. The Institute for Supply Management said Friday that its services index fell to 52.9 last month from April’s 55.7. It was the lowest reading since February 2014. Anything above 50 signals growth. A measure of employment in services fell last month for ...

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Investment firm announces purchase of Colstrip operator

power plant, Talen Energy

HELENA, Mont. (AP) — A partial owner of Talen Energy Corp., which is the operator and a co-owner of Montana’s Colstrip power plant, is seeking to buy the entire company for $1.8 billion. Talen spokesman Todd Martin said Friday the planned acquisition by the investment firm Riverstone Holdings LLC will mean no immediate changes for Colstrip, whose future was already ...

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Deadline looms for Hawaiian Electric merger with NextEra

HONOLULU (AP) — A deadline is looming in Hawaii over a proposal for Florida-based company NextEra to buy the state’s main utility, in a deal that questions the state’s ability to attract investment and to meet its aggressive renewable energy goals. NextEra has proposed to buy Hawaiian Electric for $4.3 billion, and the sale was approved by Hawaiian Electric’s shareholders ...

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