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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