Business Stories from May 24, 2016 (Change date)
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Microsoft opens wallet to extend Internet in remote areasMay 24, 2016 12:30 pm - SAN FRANCISCO (AP) - Microsoft has joined other tech giants working to deliver the Internet in remote parts of the world, although it's taking a smaller-scale approach t...
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French raid Google over 'aggravated tax fraud' allegationsMay 24, 2016 11:30 am - PARIS (AP) - French police have raided Google's Paris offices as part of an investigation into "aggravated tax fraud" and money laundering, authorities said Tuesday. The...
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Sumner Redstone names new confidantes to media empireMay 24, 2016 11:30 am - LOS ANGELES (AP) - Media mogul Sumner Redstone has appointed new confidantes to entities that control Viacom Inc. and CBS Corp., replacing Viacom CEO Philippe Dauman and...
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TreeHouse Foods to close 2 plants it bought from ConAgraMay 26, 2016 9:03 am - OMAHA, Neb. (AP) - TreeHouse Foods plans to close two of the manufacturing plants it acquired earlier this year when it bought ConAgra Foods' private label business. Oak...
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UCLA agrees to 15-year deal with Under ArmourMay 24, 2016 3:30 pm - NEW YORK (AP) - UCLA and Under Armour have agreed to an athletic shoe and apparel deal that will pay the school a record $280 million over 15 years. Under Armour posted ...
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Swiss bank to be shut over Malaysia embezzlement scandalMay 24, 2016 10:00 am - GENEVA (AP) - A Swiss private bank accused of turning a blind eye to shady money transfers and willful defiance of regulators will face criminal proceedings and be liqui...
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Cuba to legalize small and medium-sized private businessesMay 24, 2016 2:30 pm - HAVANA (AP) - Cuba announced Tuesday that it will legalize small- and medium-sized private businesses in a move that could significantly expand private enterprise in one...
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Algerian authorities destroy mountain of pirated CDs, DVDsMay 24, 2016 9:00 am - ALGIERS, Algeria (AP) - Power shovels and a bulldozer have destroyed a huge mound of 2 million illegally copied CDs and DVDs outside Algeria's Culture Ministry, as part ...
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Asian stock markets rally on US recovery hopesMay 25, 2016 10:08 am - SEOUL, South Korea (AP) - Asian stock markets rallied Wednesday as solid U.S. housing sales data and overnight gains on Wall Street raised expectations for a strong reco...
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Brussels police chief injured during anti-austerity clashesMay 24, 2016 3:30 pm - BRUSSELS (AP) - The Brussels police chief was injured Tuesday during clashes at the end of a major anti-austerity demonstration attended by around 50,000 people in the c...