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Q&A: A French economist's grim view of wealth gap

If you'd like to live in Downton Abbey, the good news is that our economy has entered a second Gilded Age of opulence and elegance. The bad news is that you'll likely end up among the vast majority stuck sweating in the kitchen.

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Sales of new US homes plunge 14.5 percent in March

The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate's spring buying season is off to a weak start.

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Apple increases stock buyback, will split stock

Apple plans to buy back an additional $30 billion of its stock, raise its quarterly dividend by 8 percent and split its stock for the first time in nine years.

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Investor pressure pushing drugmaker M&A deals

Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team looking to shake up its roster. The moves could spur more mergers and acquisitions in the industry.

North Dakota tribes' oil output rivals US states

Oil production on the Fort Berthold Indian Reservation in North Dakota has become so large that it would rank among the top 10 oil producing states in the nation, a tribal leader said Tuesday.

Oil companies fight ND plan to slow production

The North Dakota Industrial Commission is considering a proposal that would cut back on the state's booming oil production as a means of controlling the amount of natural gas that's being burned off at well sites and wasted as a byproduct of the more valuable substance, oil.

Drug firm exec gets 16 months in inside-trade case

A former pharmaceutical executive has been sentenced to 15 months in prison for his role in an insider trading scheme.

US says average airfares rising slowly; $381 in 4Q

The average price of an airline ticket for travel within the U.S. rose by just $1 last year, although prices are still modestly higher than they were five years ago.

Oil slips to $102 as US crude supplies seen rising

The price of oil fell 2 percent to settle just above $102 a barrel Tuesday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine.

Business events scheduled for the coming week

Here are business events scheduled for April 21-25, 2014.

Providence, RI sues firms over stock trades

Providence, R.I. is suing dozens of Wall Street banks and other financial companies over high-frequency trading.

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Iowa officials announce plan for Microsoft data center

Microsoft will begin construction on a new data center in West Des Moines, state and local officials announced Friday, bringing the company's total investment in Iowa to nearly $2 billion, the largest in the state to date.

Judge says American can't end retiree benefits yet

A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees.

Tiny power plants hold promise for nuclear energy

Small underground nuclear power plants that could be cheaper to build than their behemoth counterparts may herald the future for an energy industry under intense scrutiny since the Fukushima disaster, the incoming head of the Nuclear Energy Agency told The Associated Press.

Overall index up in rural Midwest banker survey

The overall index for an economic survey of bankers in 10 Midwestern and Plains states has risen for a second consecutive month, suggesting more growth in the months ahead.

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