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Amazon could be ESPN of video games in Twitch deal

  NEW YORK (AP) — Amazon is hoping to become the ESPN of video games. The e-commerce giant is buying streaming platform Twitch Interactive for $970 million in cash as it seeks to take part in video gaming’s growth as an online spectator sport. Twitch is a multi-channel online network built for a generation of [...]

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McAuliffe orders cuts to Virginia state agencies

  RICHMOND, Va. (AP) — Virginia Gov. Terry McAuliffe is ordering state agency heads to come up with across-the-board budget cuts for the next two years in order to cope with a more than $880 million budget shortfall. McAuliffe’s chief of staff, Paul Reagan, sent a memo to agency chiefs on Friday ordering them to [...]

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IMF chief Lagarde under investigation in France

    PARIS (AP) — Christine Lagarde, the chief of the International Monetary Fund, was placed under official investigation for negligence in a French corruption probe that dates back to her days as France’s finance minister. After a fourth round of questioning before magistrates on Wednesday, Lagarde said she would return to her work in [...]

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US economy forecast to grow by 1.5 percent in 2014

    WASHINGTON (AP) — The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year. The new assessment was considerably more pessimistic than the Obama administration’s, which predicted last month that the economy [...]

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Indexes edge lower in early trade; Tiffany gains

  Financial markets in the U.S. drifted lower in early trading Wednesday, a day after the Standard & Poor’s 500 index closed above 2,000 points for the first time. Investors bid up shares in Tiffany & Co. after the jewelry company reported earnings that were better than analysts were expecting. KEEPING SCORE: The S&P 500 [...]

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Malaysia Airlines set for shakeup after disasters

  HONG KONG (AP) — Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers. Khazanah Nasional, the state investment company that owns 69 percent of Malaysia Airlines, said in early August it will announce details of the overhaul [...]

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A Closer Look: Reading tablets decent, but needed?

  NEW YORK (AP) — E-book readers are great for reading books, but they can’t be used get directions or watch videos of people dumping ice over their heads. Tablets can. In partnership with Samsung, Barnes & Noble released a reading-centric tablet last week, the Galaxy Tab 4 Nook. Amazon, meanwhile, has the Kindle Fire [...]

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Gov’t warns US retailers about hacking software

    WASHINGTON (AP) — More than 1,000 U.S. retailers could be infected with malicious software lurking in their cash register computers, allowing hackers to steal customer financial data, the Homeland Security Department said Friday. The government urged businesses of all sizes to scan their point-of-sale systems for software known as “Backoff,” discovered last October. [...]

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Whisky’s worries mirror economic fears in Scotland

  ISLAY, Scotland (AP) — Carl Reavey plunged his nose into the glass, inhaled the amber liquid’s scent, then sipped. Slowly. It’s said that Scotch tastes of the place where it is made, so Reavey’s Bruichladdich Black Art single malt would offer a touch of barley, a splash of the sea, and a whiff of [...]

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US stocks open higher following gains in Europe

  U.S. stocks moved higher in early trading Monday, riding gains in European stocks after central bankers signaled continued support for the economy. Burger King surged following news that the fast-food chain is in talks to buy Tim Hortons of Canada. KEEPING SCORE: The Dow Jones industrial average added 96 points, or 0.6 percent, to [...]

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Mexico creates special force for economic crime

MEXICO CITY (AP) — Mexico launched a special 5,000-strong police force Friday, August 22nd, to combat industrial, farm and business crime that has extended throughout the country’s economy, strangling commerce in some regions. Drug gangs have long penetrated some Mexican mining and agricultural sectors, but officials now reveal that everyone from fishermen to tourist resorts to [...]

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