US seeks prison in New York insider trading case

NEW YORK — The federal government is recommending that a former portfolio manager serve up to about 20 years in prison. His lawyers call that "outrageous" and "irrational." Mathew Martoma will be sentenced Monday afternoon. His lawyers said in a recent...

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Ryanair commits to order 100 737 MAX 200 aircraft

NEW YORK — European airline Ryanair has committed to order 100 of Boeing's 737 MAX 200 airplanes, valued at $11 billion at current list prices. Buyers often get steep discounts off list prices for passenger jets. Ryanair has options to buy another...

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Dubai pushes ahead on world's biggest airport plan

DUBAI, United Arab Emirates — Dubai's ruler has endorsed a $32 billion expansion plan for the city's second airport that aims to make it the world's biggest, the emirate's airport operator said Monday in the latest sign that the Middle East's brash commercial...

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Walgreen adds activist hedge fund founder to board

Walgreen has named Jana Partners founder Barry Rosenstein to its board, and the activist investor will get a say in choosing at least one additional director for the nation's largest drugstore chain. Walgreen Co. is feeling shareholder pressure after...

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Chick-fil-A founder S. Truett Cathy has died

ATLANTA — Chick-fil-A founder S. Truett Cathy died early Monday at 93. The billionaire rose from poverty by building a privately held restaurant chain that famously closes every Sunday but drew unwanted attention for the Cathy family's opposition to...

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Gambling board to Wynn: Change your look

The state Gaming Commission, which today begins its marathon deliberations over the coveted Boston-area casino license, is recommending Wynn Resorts redesign the exterior of its $1.6 billion casino proposal as a condition of a license if the company's...

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CBS names James Corden to replace Craig Ferguson

NEW YORK — British actor James Corden will replace Craig Ferguson as host of "The Late Late Show" on CBS next year, part of a complete overhaul of the network's late-night talk show lineup put in motion by the impending retirement of David Letterman....

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Fox News, Fox Business launch new mobile-viewing tools

As news networks start to prepare for coverage of the 2014 mid-term elections, Fox News Channel and Fox Business Network are launching mobile-viewing functions that allow viewers to watch the networks on mobile tablets and phones, as well as desktops....

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S&P 500 edges back from a record high close

NEW YORK — U.S. stocks are edging lower in midday trading as a slump in the price of oil drags down the energy sector. The Standard & Poor's 500 fell four points, or 0.2 percent, to 2,003 as of noon Eastern time Monday. The index closed at an all-time...

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Amazon slashes price of its Fire smartphone

NEW YORK — Amazon slashed the price of its Fire smartphone Monday, a day before Apple is expected to unveil its latest version of the iPhone. The online retailer said the Fire with 32 gigabytes of memory will now cost 99 cents when customers sign a...

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