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Alden stepping down at Missouri January 29, 2015

Senate rejects pay raise for lawmakers, officials January 29, 2015

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Strong earnings, job news give stocks a lift

After a shaky start, U.S. stocks rebounded Thursday, snapping a two-day losing streak.

Senate passes Keystone pipeline bill

The Republican-controlled Senate on Thursday approved a bipartisan bill to construct the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many battles with the White House over energy and the environment.

Fed stays ‘patient’ on rates while noting improving economy

The Federal Reserve reiterated Wednesday that it will be “patient” in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health.

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California declares electronic cigarettes a health threat

California health officials Wednesday declared electronic cigarettes a health threat that should be strictly regulated like tobacco products, joining other states and health advocates across the U.S. in seeking tighter controls as "vaping" grows in popularity.

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Main Denver airport bans sale of marijuana-themed souvenirs

Tourists who fly to Colorado, home of legal pot, can forget about buying souvenir boxer shorts, socks or sandals with a marijuana leaf on them when passing through the Denver airport.

Mobile provider TracFone to pay $40M in federal settlement

Consumers who had a Straight Talk, Net10, Simple Mobile or Telcel America unlimited plan before January 2015 can file for refunds

The nation's largest prepaid mobile provider, TracFone Wireless, will pay $40 million to settle government claims that it misled millions of smartphone customers with promises of unlimited data service.

Tiger fight: China and Alibaba face off over fake goods

Regulators on Wednesday issued a scathing report against one of the country's biggest stars, accusing e-commerce giant Alibaba of failing to do enough to prevent fake goods from being sold on its websites. Uncowed, Alibaba fired back with charges of bias and misconduct by a named Chinese official. Such public defiance is almost unheard of in China.

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Facebook's status update: Profit, revenue beat expectations

For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.

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McDonald's CEO steps down as sales decline

McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image.

Wednesday's Business News Highlights

For Jan. 28, 2015

Here are highlights from business news for Wednesday, Jan. 28, 2015.

Stocks fade late as oil dips, Fed gives investors pause

Investors struggled to figure out a barrage of signals from the Federal Reserve, oil markets and Corporate America Wednesday, and stocks fell sharply for second straight day.

Obama floats offering first drilling lease in Atlantic

The Obama administration floated a plan Tuesday that for the first time would open up a broad swath of the Atlantic Coast to drilling, even as it moved to restrict drilling indefinitely in environmentally-sensitive areas off Alaska.

Yahoo CEO heeds shareholders' call to spin off Alibaba stake

Yahoo CEO Marissa Mayer is spinning off the company's $39 billion stake in China's Alibaba Group Holding in a move that wards off a potential shareholder rebellion.

American Airlines 4th-qtr profit gets lift from cheap fuel

American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger.

Big costs drag AT&T to 4Q loss, but revenue up 4 percent

AT&T booked a nearly $4 billion loss for the fourth quarter because of a slew of one-time expenses that included a loss on benefit plans, but its revenue grew 4 percent to top expectations.

What! Facebook went down? No storm selfies during brief outage

No storm selfies, hookups, status updates. With Facebook and Instagram down for nearly an hour overnight, what were legions of users to do?

US company outlooks worry investors, sending stocks lower

U.S. stocks slumped Tuesday after some of the market’s largest companies reported disappointing earnings, taking investors on a turbulent ride that deepened the losses for the year.

S&P downgrades Russia credit rating to junk

Standard & Poor’s rating agency on Monday downgraded Russia’s credit grade by one notch to junk status, citing a weakened economic outlook.

Stocks eke out small gains after driftin most of day

U.S. stocks eked out tiny gains on Monday after spending much of the day drifting sideways.

Low inflation likely to keep Fed ‘patient’ on a rate hike

The Federal Reserve ended 2014 with a pledge to be “patient” in raising interest rates from record lows. The way things are going, its patience may endure for a long while.

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