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Netanyahu: Deal with Turkey promotes ‘stability’ in Mideast

Turkey, Italy deal

ROME (AP) — Israel and Turkey on Monday announced a reconciliation deal to end a bitter six-year rift between the Mideast powers. In Rome, Israeli Prime Minister Benjamin Netanyahu said the deal would help bring “stability” to the turbulent Middle East. His Turkish counterpart, Binali Yildirim, made a simultaneous announcement in Ankara. Relations between the once-close allies imploded six years ...

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VW to pay near $10.2B to settle emissions claims

volkswagen, VW

DETROIT (AP) — Volkswagen will spend about $10.2 billion to settle an emissions cheating scandal in the U.S. that has turned into one of the largest cases of corporate deception in the nation’s history. Two people briefed on settlement talks said most of the money would go to compensate 482,000 owners of cars with 2-liter diesel engines that were programmed ...

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Stocks crash as UK vote to quit EU shocks investors

Brexit, stocks crash, Britain

LONDON (AP) — Stock markets crashed, oil prices tumbled and the pound fell to a 31-year low on Friday as Britain’s unprecedented vote to leave the European Union shocked investors and dragged the region, the world’s largest economic bloc, into a new era of uncertainty. Investors rushed to dump European shares as soon as markets opened, following earlier drops in ...

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Obama immigration plan blocked by 4-4 tie at Supreme Court

Obama immigration

WASHINGTON (AP) — A tie vote by the Supreme Court is blocking President Barack Obama’s immigration plan that sought to shield millions living in the U.S. illegally from deportation. The justices’ one-sentence opinion on Thursday effectively kills the plan for the rest of Obama’s presidency. The outcome underscores that the direction of U.S. immigration policy will be determined in large ...

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Container shipping giant Maersk names new CEO


COPENHAGEN, Denmark (AP) — The world’s largest shipping company, A.P. Moller-Maersk group, has appointed an insider as its new chief executive, sending its shares up more than 9 percent amid hopes he might help turn the company around. The Danish conglomerate, which is also an oil company, said Thursday that Soeren Skou, CEO of the container-shipping division Maersk Line, will ...

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Asian stocks rise amid hopes Britain will stay in EU

European Union, opening stocks

BEIJING (AP) — Asian stocks edged higher Tuesday on optimism Britain will vote to stay in the European Union but gains slowed as investors awaited an economic report by the head of the U.S. Federal Reserve. KEEPING SCORE: The Shanghai Composite Index gained 0.5 percent to 2,903.67 and Tokyo’s Nikkei 225 advanced 0.4 percent to 16,027.92. Hong Kong’s Hang Seng ...

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Puerto Rico oil company charged in $11M corruption case

SAN JUAN, Puerto Rico (AP) — The owner of Puerto Rico’s biggest oil supplier was accused Monday of misappropriating $11 million in public funds from the largest U.S. public power utility amid a dire economic crisis. Jose Gonzalez Amador and his company, PetroWest, face 46 criminal charges. They are alleged to have charged the heavily indebted Puerto Rico Electric Power ...

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Marathon Oil to pay $888 million for PayRock Energy

marathon oil

NEW YORK (AP) — Marathon Oil said Monday that it has agreed to pay $888 million for PayRock Energy Holdings, increasing the amount of oil producing land it owns in Oklahoma. PayRock has 61,000 net surface acres that produces 9,000 net barrels of oil equivalent per day, Marathon said. Houston-based Marathon is buying PayRock from oil and gas investment firm ...

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