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Obama praises payday lender rules, vows veto of limitations

Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections from heavy debt burdens and warned Republicans that he would veto attempts to unravel regulations that govern the financial industry.

Diet sodas fall in US; Pepsi takes back No. 2 spot

Americans bought less soda for the tenth straight year in 2014, with diet sodas shrinking more than their sugary counterparts, according to a report released Thursday.

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HJ Heinz buys Kraft to build $28 billion food giant

Some of the most familiar names in ketchup, pickles, cheese and hot dogs are set to come under the same roof after H.J. Heinz Co. announced plans Wednesday to buy Kraft and create one of the world's largest food and beverage companies.

US stocks slump a 3rd day

Investors dumped high-flying technology and biotech companies and sent the stock market down for a third straight day Wednesday.

Google hires Morgan Stanley's Ruth Porat as CFO

Morgan Stanley's chief financial officer, Ruth Porat, is leaving the New York investment bank for the same job at Google.

US stocks decline as investors assess economy, earnings

U.S. stocks dropped Tuesday as investors weighed company news and the latest report on consumer prices.

Popular weed killer deemed probable carcinogen by UN

One of the world's most popular weed-killers — and the most widely used kind in the U.S. — has been labeled a probable carcinogen by the International Agency for Research on Cancer.

Olive Garden gets boost from diners splurging on extras

Olive Garden is weaning diners off two-for-$25 dinners and luring them to splurge a bit on extras like drinks and desserts.

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Judge OKs $10 million settlement in Target data breach

A Minnesota judge has endorsed a settlement in which Target Corp. will pay $10 million to settle a class-action lawsuit over a massive data breach in 2013.

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US stock market sinks as price of crude oil resumes a slide

Another drop in oil prices helped drive the stock market to a loss on Thursday, as major indexes gave up their gains from the day before. Chevron, Exxon Mobil and other energy companies led stocks down.

BNY Mellon settles suits on currency transactions for $714M

New York and federal authorities reached a $714 million settlement Thursday with Bank of New York Mellon in lawsuits alleging the bank fraudulently represented rates for client currency transactions for a decade.

Labor secretary says new overtime rules coming soon

Labor Secretary Tom Perez told Congress on Wednesday that his agency is still working on President Barack Obama’s directive a year ago that the department come up with new rules to make more workers eligible for overtime pay for working beyond their scheduled hours.

New law allows direct sale of Tesla cars in New Jersey

New Jersey Gov. Chris Christie signed a measure Wednesday that would allow the sale of Tesla and other zero-emission cars in the state.

Fed: No rate hike until job market improves, inflation rises

The Federal Reserve signaled Wednesday that it needs to see further improvement in the job market and higher inflation before it raises interest rates from record lows. At the same time, the Fed at least opened the door to a rate increase later this year by no longer saying it will be “patient” in starting to raise its benchmark rate.

Stocks, bonds rally as Fed says it may move slowly on rates

The Federal Reserve surprised financial markets on Wednesday with a cautious outlook on the economy, pushing stocks and bonds sharply higher.

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