RCS Capital buying ICH in $52.5 million deal

NEW YORK — RCS Capital Corp. is buying financial services holding company Investors Capital Holdings Ltd. in a cash-and-stock deal valued at about $52.5 million. RCS Chairman Nicholas Schorsch said in a statement that the acquisition will help it diversify...

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Burger King sees early promise in Satisfries

NEW YORK — Burger King says it's attracting more customers with its new lower-calorie fries but is being careful not to call them a home run yet. The Miami-based company said Monday that it saw sales trends in North America turn positive after last...

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Gas prices fall 4 cents in Mass.

BOSTON — Gasoline prices in Massachusetts are continuing on a downward path. AAA Southern New England reported on Monday that its latest survey found an average price of $3.34 per gallon for self-serve regular in the Bay State. That's down four cents...

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Luxury goods sales slow as China demand ebbs

MILAN — Chinese shoppers are cutting back on designer duds, leather handbags and pricey watches, putting a drag on global sales of luxury goods, which a study forecasts to expand just 2 percent this year. The analysis released Monday by Bain & Company...

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CONSOL to sell 5 mines for at least $850M in cash

MORGANTOWN, W.Va. — CONSOL Energy Inc. said Monday it is selling all five of its longwall coal mines in West Virginia to a subsidiary of Ohio-based Murray Energy for a deal that includes $850 million in cash. Chairman and Chief Executive Officer J....

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US Sen. Warren: Boost spending on medical research

BOSTON — U.S. Sen. Elizabeth Warren called for a doubling of spending on biomedical research through the National Institutes of Health on Monday, arguing that the country is in danger of losing its status as a world leader in the development of new medicines....

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Italian vintners look abroad as home sales slump

TORANO NUOVO, Italy — It's harvest season at the family-run vintner Emidio Pepe in central Italy and workers are wading into the vineyards, hand-picking grapes and pressing them under their boots in giant wooden vats. The seasonal ritual has brought...

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Settlement approved in Google stock split lawsuit

WILMINGTON, Del. — A Delaware judge has approved a settlement in a shareholder lawsuit challenging Google Inc.'s plans for a stock split that includes issuing a new class of nonvoting shares. Monday's ruling clears the way for the Internet search leader...

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Stocks steady as investors await Fed meeting

LONDON — Global stock markets turned cautious Monday as investors waited for the U.S. Federal Reserve's monthly meeting for clues on when the central bank will start reducing its monetary stimulus. With uncertainty over the raising of the U.S. borrowing...

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Wal-Mart reviews firing of disabled greeter

DURANGO, Colo. — Wal-Mart officials are reviewing the firing of a disabled man whose caretaker wife said deserves a second chance to keep his job as a greeter. Matt Wood was fired after clocking in late for lunches, the Durango Herald reported Monday...

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