NEW YORK - Target Corp. raised its quarterly dividend Wednesday by 5 cents to 30 cents as it sought to placate investors after a 22 percent decline in its stock price this year. Full Story »
Business News - AP
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Target ups dividend; shareholders talk politics
AP – 58 mins ago
AP -
OPEC leaves output on hold, causing oil price jump
AP – Wed Jun 8, 4:59 pm ET
AP VIENNA - OPEC unexpectedly left its production levels unchanged Wednesday, causing oil prices to jump, as senior officials said their meeting ended in disarray — a stunning admission for an organization that places a premium on consensus decision making. Full Story »
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Stocks fall as Fed delivers mixed economic outlook
AP – Wed Jun 8, 5:26 pm ET
AP NEW YORK - Another lackluster economic report sent stocks down Wednesday, extending a weeklong slide. Full Story »
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Oil rises as OPEC maintains production level
AP – 1 hr 2 mins ago
AP NEW YORK - A contentious meeting of oil ministers ended Wednesday with a clear message: Don't count on OPEC to do much about oil prices. Full Story »
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Sony: 37,500 users' personal info stolen in hack
AP – Wed Jun 8, 10:30 am ET
AP LONDON - Sony Pictures Entertainment says approximately 37,500 users had personally identifiable information stolen in an attack last week on its website. Full Story »
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McDonald's sales climb, but gains weaken in May
AP – 1 hr 48 mins agoOAK BROOK, Ill. - Sales of McDonald's fruit and maple oatmeal and drinks like frozen strawberry lemonade pushed the fast-food chain's revenue at restaurants open at least 13 months up 3.1 percent in May. Full Story »
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Germany calls for Greek bond swap to gain time
AP – Wed Jun 8, 4:34 pm ETFRANKFURT, Germany - Germany's finance minister says private creditors must share the burden of any more financial help for Greece as part of a deal to prevent it from defaulting on its debts. Full Story »
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GOP-led House panel to hold Boeing hearing in SC
AP – Wed Jun 8, 4:53 pm ETCOLUMBIA, S.C. - A Republican-led House committee plans to hold a June 17 hearing in South Carolina on a federal board's suit alleging the Boeing Co. retaliated against Washington state union workers by building an assembly plant in this southern, right-to-work state. Full Story »
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Axa Private Equity buys $1.7B Citigroup portfolio
AP – Wed Jun 8, 9:11 am ETNEW YORK - France's Axa Private Equity said Wednesday it agreed to buy a $1.7 billion private equity portfolio from Citigroup Inc. as the big U.S. bank sheds some of its non-core businesses. Full Story »
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Merchants beat bankers in Senate debit card vote
AP – 37 mins ago
AP WASHINGTON - Merchants triumphed over bankers in a battle for billions Wednesday as the Senate voted to let the Federal Reserve curb the fees that stores pay financial institutions when a customer swipes a debit card. It was murkier, however, whether the nation's consumers were winners or losers. Full Story »
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