ZF buying TRW Automotive for about $11.74B

LIVONIA, Mich. — German automotive transmission maker ZF Friedrichshafen AG is buying Michigan-based TRW Automotive for $11.74 billion, a move that creates the world's second-largest auto supplier. The deal, with a total value of about $13.5 billion...

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Media and entertainment sector profitability forecast to rise again in 2014

Big media and entertainment companies worldwide are expected to average 28% profit margins this year, up from 26% last year, according to a forecast from consulting firm EY. That's better than major stock-market indices, and the highest level since it...

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Apple: Record 4M orders of iPhones on 1st day

NEW YORK — Apple had more than 4 million advance orders of its new, larger iPhones in the first 24 hours, exceeding its initial supply, the company said Monday. The iPhone 6 and iPhone 6 Plus will be delivered to customers starting Friday and throughout...

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Detroit bankruptcy trial resumes after settlement

DETROIT — A judge refused to extend a timeout Monday in Detroit's bankruptcy trial after a deal with a major creditor removed another opponent from the city's plan to exit the largest Chapter 9 case in U.S. history. A bond insurer, Financial Guaranty...

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US wealth gap putting the squeeze on state revenue

WASHINGTON — Income inequality is taking a toll on state governments. The widening gap between the wealthiest Americans and everyone else has been matched by a slowdown in state tax revenue, according to a report being released Monday by Standard &...

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Speculation swirls over Fed language on rate hike

WASHINGTON — When the Federal Reserve issues a policy statement after it meets this week, the financial world will be on high alert for two words: "Considerable time." The presence or absence of that phrase will trigger a rush to assess the likely...

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Stocks mixed ahead of this week's Fed meeting

NEW YORK — U.S. stocks were mixed in the early the afternoon Monday, ahead of this week's potentially pivotal Federal Reserve meeting. The Fed is nearing the end of its bond-buying stimulus program, and investors will be looking for clues about when...

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Olive Garden defends breadstick policy

NEW YORK — Olive Garden is defending its practice of giving customers as many breadsticks as they want, saying the policy conveys "Italian generosity." The remark is part of a response by the chain's parent company, Darden Restaurants Inc., to a nearly...

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Pewdiepie joins MLG, 'Broken' to stream exclusively on eSports Network

PewDiePie has found a new bro in Major League Gaming. Felix Kjellberg, who operates PewDiePie, YouTube's most popular channel, has agreed to start streaming episodes of his series "BroKen," exclusively on MLG.tv, starting today. Under the agreement,...

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GM expert says 19 deaths eligible for compensation

DETROIT — The death toll tied to faulty ignition switches in General Motors small cars has risen to 19, according to a compensation expert hired by the company. The number is likely to go higher. Kenneth Feinberg said Monday that he has determined that...

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