Economy

FILE - In this Thursday, May 26, 2016, file photo, bagel maker and baker Sam Ung cuts through bagel dough before hand-rolling it into bagels prior to baking them, at Ess-a-Bagel in New York. On Wednesday, March 8, 2017, payroll processor ADP reports how many jobs private employers added in February. (AP Photo/Kathy Willens, File)
March 08, 2017 - 8:52 am
WASHINGTON (AP) — U.S. businesses added the most jobs in three years last month, a private survey found, a sign that hiring has accelerated sharply from last year's modest levels. Payroll processor ADP said Wednesday that businesses added 298,000 jobs in February, up from 261,000 the previous month...
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In this March 3, 2017, photo, a woman works with fabric at 99Degrees Custom, in Lawrence, Mass. On Wednesday, March 8, 2017, the Labor Department issues revised data on productivity in the fourth quarter. (AP Photo/Elise Amendola)
March 08, 2017 - 8:51 am
WASHINGTON (AP) — The productivity of American workers grew at a slower pace in fourth quarter and last year recorded the smallest annual gain in five years. The Labor Department said Wednesday that productivity grew at a 1.3 percent annual pace from October through December, down from 3.3 percent...
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Men walk by an electronic stock board of a securities firm in Tokyo, Wednesday, March 8, 2017. Asian stocks declined Wednesday after Wall Street retreated for a second day following President Donald Trump's comments about reducing drug prices. (AP Photo/Eugene Hoshiko)
March 08, 2017 - 12:30 am
BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street retreated for a second straight day following President Donald Trump's comments about reducing drug prices. KEEPING SCORE: Tokyo's Nikkei 225 index shed 0.5 percent to 19,240.85 and the Shanghai Composite Index gained 0.1...
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House Ways and Means Committee Chairman Rep. Kevin Brady, R-Texas, left, and House Energy and Commerce Committee Chairman Rep. Greg Walden, R-Ore., meet with reporters on Capitol Hill in Washington, Tuesday, March 7, 2017, as House Republicans introduce their plan to repeal and replace the Affordable Care Act. (AP Photo/J. Scott Applewhite)
March 07, 2017 - 2:45 pm
WASHINGTON (AP) — The House Republicans' health care bill adds up to big tax cuts for the rich. The bill would cut more than 20 taxes enacted under President Barack Obama's heath law, saving taxpayers nearly $600 billion over the next decade. The bulk of the money would go to the wealthiest...
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March 07, 2017 - 10:35 am
CONGRESS-HEALTH OVERHAUL-PELOSI UPDATE: Pelosi says no vote until cost of GOP bill known WASHINGTON (AP) — House Minority Leader Nancy Pelosi is telling Speaker Paul Ryan that lawmakers "must not be asked to vote" on new GOP health care legislation without details on cost and how many people would...
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Traders work on the floor of the New York Stock Exchange, Tuesday, March 7, 2017. Stocks are opening broadly lower on Wall Street, led by declines in health care stocks and banks. (AP Photo/Richard Drew)
March 07, 2017 - 10:31 am
NEW YORK (AP) — U.S. stock indexes are mostly lower in early trading Tuesday, while health care companies, including drugmakers and drug distributors, are falling after Republicans in Congress introduced a bill intended to replace the 2010 Affordable Care Act. Energy and materials companies are...
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FILE - In this March 2, 2017 file photo, a banner for Snap Inc. hangs from the front of the New York Stock Exchange, in New York. Snap’s stock may be heading for an opening below its first day closing price for the first time as people try to determine the tech company’s worth. Shares are down more than 3 percent to $23.00 in premarket trading on Tuesday, March 7. (AP Photo/Mark Lennihan)
March 07, 2017 - 8:57 am
NEWARK, N.J. (AP) — Anyone wanting to invest in the company that owns Snapchat will have an opportunity to do something that early investors were unable to do: buy shares for less than they cost on the first day of trading three days ago. After tumbling 12 percent Monday, shares of Snap Inc. fell...
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March 07, 2017 - 4:47 am
JOHANNESBURG (AP) — Shell Nigeria says it is closing Bonga oilfield for a month of maintenance, cutting about 200,000 barrels a day from the output of the recession-hit West African nation. Managing director Bayo Ojulari said in a statement that a major focus at the offshore field maintenance is...
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FILE - In this Saturday, March 4, 2017 file photo, delegates from China's People's Liberation Army (PLA) arrive at the Great Hall of the People to attend a plenary session of the National People's Congress in Beijing. While the U.S. military remains the dominant force in Asia and the world, China has been moving from quantity to quality and is catching up quickly in equipment, organization and capability, and is increasingly able to project power far from its shores. (AP Photo/Mark Schiefelbein, File)
March 06, 2017 - 11:52 pm
BEIJING (AP) — China's announcement of a 7 percent rise in military spending for the year came shortly after President Donald Trump called for a 10 percent increase in America's defense budget, prompting renewed scrutiny of how the two countries' capabilities compare. While the U.S. military...
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March 06, 2017 - 6:41 am
ATHENS, Greece (AP) — As Greece's slow-moving bailout talks with creditors enter a second week, the statistical authority reports that the economy contracted more in the last quarter of 2016 than initially estimated. The authority said Monday that output declined by 1.2 percent in October-December...
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