NBC's 'Today' show returns to glory days

NEW YORK — The glory days returned for the "Today" show — for one day at least — as NBC's morning show brought back Bryant Gumbel and Jane Pauley for a one-day nostalgia turn as co-hosts on Monday. Gumbel and Pauley, who worked together on "Today" from...

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Mass. gas prices up another 2 cents per gallon

BOSTON — The cost of a gallon of gasoline in Massachusetts is up another 2 cents to an average of $3.46. AAA Southern New England reports Monday that the current price for a gallon of self-serve, regular is 8 cents higher than a month ago and a nickel...

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Stocks are flat in quiet end-of-year trading

NEW YORK — Stocks were little changed in midday trading Monday as investors closed out their positions for what has been a historic year on Wall Street. Traders had little corporate or economic news to work through. The bond market was quiet as well....

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Mass. single-family home sales down in November

BOSTON — The number of single-family homes sold in Massachusetts in November dropped nearly 9 percent when compared to the same month last year, but prices surged more than 7 percent, the Massachusetts Association of Realtors reported Monday. The reason...

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Cooper Tire ends buyout agreement with Apollo

Cooper Tire & Rubber Co. is calling off its sale to India's Apollo Tyres, unraveling a $2.2 billion deal announced just over six months ago. Cooper said financing is no longer available and it continues to claim, as it has for months, that Apollo...

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New euro member Latvia brings dirty money headache

RIGA, Latvia — When Latvia adopts the euro on Jan. 1, it will bring with it a banking sector that is swelling with suspicious money from Russia and the east — just as the currency bloc is trying to clamp down on such havens. It was just nine months...

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Federal health care sign-ups pass 1 million mark

HONOLULU — The government's rehabilitated health insurance website has seen a December surge in customer sign-ups, pushing enrollment past the 1 million mark, the Obama administration says. Combined with numbers for state-run markets, that should put...

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US stocks are little changed as 2013 winds down

NEW YORK — Stocks are little changed as Wall Street gets ready to close the books on a historic year. The Dow Jones industrial average was up six points, less than 0.1 percent, at 16,484 in midday trading Monday. The Standard & Poor's 500 index...

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Wells Fargo in $591 million deal with Fannie Mae

SAN FRANCISCO — Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst. The deal announced Monday covers loans made through 2008. Wells Fargo & Co. says...

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Nikkei closes out best year since 1972

LONDON — Japan's main stock index rose Monday to end 2013 at its highest level in more than six years, though most other markets were lackluster, with Germany's DAX dipping to close the year just short of its record high. The Nikkei 225 gained 0.7 percent...

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NASA: Christmas Eve spacewalk could wrap up repair

CAPE CANAVERAL, Fla. — The Christmas Eve spacewalk planned by NASA at the International Space Station should wrap up repair work on a faulty cooling line. Mission Control said Monday that unless something goes awry, two astronauts ought to finish installing...

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Mass. gas prices up a penny

BOSTON — The cost of a gallon of gas in Massachusetts has ticked up a penny in the past week. AAA Southern New England reports Monday that self-serve, regular is up to an average of $3.44 per gallon. The current per-gallon price is 9 cents higher than...

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Fixed rates are latest in college tuition plans

MILWAUKEE — Freshmen at Wisconsin's Northland College will pay no more than $30,450 in tuition next year. They'll pay the same the following year. And the year after that. The small liberal arts college known for its environmental focus is joining a...

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Jos. A. Bank turns down Men's Wearhouse offer

NEW YORK — Jos. A. Bank rejected a takeover offer from competitor Men's Wearhouse, saying the $1.54 billion bid is too low. Men's Wearhouse said Monday that it will "carefully consider all of our options to make this combination a reality." That may...

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Judge to rule on NJ's Atlantic Club casino closing

CAMDEN, N.J. — A federal bankruptcy court judge is getting ready to decide whether the Atlantic Club Casino Hotel in Atlantic City can be shut down next month. Two rival companies, Tropicana and Caesars, reached a deal last week to buy the casino for...

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Trump accuses NY attorney general of ethics breach

ALBANY, N.Y. — Celebrity developer Donald Trump has filed two ethics complaints against state Attorney General Eric Schneiderman, accusing him of misconduct. Trump says the Democratic attorney general solicited campaign donations from Trump's daughter...

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Saudi 2014 budget to grow, records 2013 surplus

RIYADH, Saudi Arabia — Saudi Arabia's Finance Ministry has announced the largest annual budget ever to be adopted by the kingdom, projecting spending and revenue at 855 billion riyals each, or $228 billion for 2014. The ministry also recorded a 2013...

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Apple strikes deal to bring iPhone to China Mobile

NEW YORK — Apple's stock rose 3 percent in morning trading on Monday, a day after the company announced a long-anticipated agreement to bring the iPhone to China Mobile, the world's biggest phone company. The deal has the potential to boost iPhone sales...

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Optimism over US economy shores up markets

AMSTERDAM — Growing optimism over the U.S. economy helped shore up global markets Monday despite tensions in China's credit markets. Germany's DAX and the main U.S. indexes all struck record highs, albeit on a day when trading was fairly muted as many...

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Stocks rise to start off a slow holiday week

NEW YORK — Stocks moved higher Monday in what is traditionally a slow week as investors start to close the books on 2013. Apple helped lift technology stocks after the company reached a deal to sell the iPhone to China's largest wireless carrier. KEEPING...

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Rising riches: 1 in 5 in US reaches affluence

WASHINGTON — Fully 20 percent of U.S. adults become rich for parts of their lives, wielding extensive influence over America's economy and politics, according to new survey data. These "new rich," made up largely of older professionals, working married...

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Big tech companies lash out at government snooping

WASHINGTON — Silicon Valley is escalating pressure on President Barack Obama to curb the U.S. government surveillance programs that vacuum personal information off the Internet and threaten the technology industry's financial livelihood. A coalition...

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Mass. gambling chair says he disclosed conflict

BOSTON — State gambling commission chairman Stephen Crosby says he made all the necessary disclosures after learning that a friend and former business partner was the co-owner of land in Everett where a casino has been proposed. Crosby announced last...

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Mass. pension board settles suit over mine blast

BOSTON — Massachusetts has reached a $265 million settlement with a mining company over allegations that it misrepresented its safety record in an effort to artificially inflate its stock price after a deadly 2010 explosion at a West Virginia mine, state...

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Former Napster exec killed on bike by patrol car

CALABASAS, Calif. — A former chief operating officer of the online file-sharing service Napster was killed when he was struck by a sheriff's patrol car while riding a bicycle, authorities said Monday. Lawyer and music industry veteran Milton Everett...

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Report: NSA spying on virtual worlds, online games

LONDON — American and British intelligence operations have been spying on gamers across the world, media outlets reported, saying that the world's most powerful espionage agencies sent undercover agents into virtual universes to monitor activity in online...

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Sysco to buy US Foods for about $3.5B

HOUSTON — One of the largest food supply companies is buying one of its key rivals, creating an even larger, global distribution company. Sysco is buying privately held US Foods for about $3.5 billion in cash and stock. When the deal closes, Sysco expects...

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McDonald's: Key US sales figure slipped in Nov.

OAK BROOK, Ill. — McDonald's said Monday that a key sales figure slipped 0.8 percent in the U.S. last month, as the world's biggest hamburger chain faced tough competition and flat traffic. Sales at stores open at least a year is a key gauge of health...

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Oil falls slightly; natural gas soars on weather

NEW YORK — The price of oil fell slightly Monday, the first decline in seven trading sessions. Benchmark U.S. crude for January delivery slipped 31 cents to $97.34 a barrel on the New York Mercantile Exchange. Oil had gained $5.35 a barrel, or 5.8 percent,...

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New American Airlines emerges as deal closes

FORT WORTH, Texas — American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner as the two completed their deal Monday to create the world's biggest airline. It's the latest in a series of mergers...

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Oil rises on China's modest manufacturing growth

The price of oil drifted up to around $93 a barrel as China's manufacturing growth held steady at a modest pace in November. By early afternoon in Europe, benchmark U.S. crude for January delivery was up 36 cents at $93.08 a barrel in electronic trading...

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Mass. gas prices up another 3 cents per gallon

BOSTON — The cost of a gallon gas in Massachusetts is up another 3 cents, and has now jumped 8 cents in the past month. AAA Southern New England reports Monday that the average price of a gallon of self-serve regular is up to $3.38 in the past week....

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US manufacturing grows at fastest in 2½ years

WASHINGTON — U.S. manufacturing grew in November at the fastest pace in 2½ years as factories ramped up production, stepped up hiring and received orders at a healthy clip. The Institute for Supply Management said Monday that its index of manufacturing...

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Madoff's right-hand man takes stand in NYC trial

NEW YORK — The way Frank DiPascali tells it, Bernard Madoff planted the seeds of deception for his $17 billion Ponzi scheme back in the 1970s, when his firm was in a small office at 110 Wall Street. Madoff "would very loudly proclaim" that he had made...

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Scalloping season kicks off in Maine

PORTLAND, Maine — Maine scallop fishermen are kicking off a season that'll last 70 days along most of the coast. But fishermen in the scallop-rich waters of Cobscook Bay along the Canadian border in far eastern Maine will be limited to a 50-day season....

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Saab is back: First cars produced under new owners

STOCKHOLM — Two and a half years after Saab shut down production due to financial trouble, the Swedish car rolled a new sedan off its assembly lines in Trollhattan, in south-west Sweden, on Monday. National Electric Vehicle Sweden, the Hong Kong-based...

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Amazon.com sees delivery drones as future

NEW YORK — Amazon.com is working on a way to get packages to customers in 30 minutes or less — by drone. Consider it the modern version of a pizza delivery boy, minus the boy. Amazon.com said it's working on the so-called Prime Air unmanned aircraft...

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US construction spending up 0.8 percent in October

WASHINGTON — U.S. developers boosted construction spending in October at the fastest pace in more than four years, propelled by a surge in government projects. But spending on home construction and commercial projects both fell. Overall construction...

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NTSB: 2nd data recorder found in derailed NY train

NEW YORK — Two data recorders retrieved from the commuter train that derailed while rounding a riverside curve, killing four people and injuring dozens, may provide information on the speed of the train, how the brakes were applied and the throttle setting,...

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