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Applications for US jobless aid drop to very low 271,000

Fewer people sought U.S. unemployment benefits last week, evidence that employers remain confident in the economy and are laying off few workers.

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Economy GDP
FILE - In this July 9, 2015 file photo, workers harvest early apples at Samascott Orchards in Kinderhook, N.Y. (AP Photo/Mike Groll, File)
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US economy surged at 3.7 percent rate in April-June quarter

The U.S. economy posted a much bigger rebound in growth during the spring than previously reported, thanks to greater spending by businesses and consumers.

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Category: Money & Business Tags:
Real estate sign indicating sold house
Ryan McVay, Thinkstock
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Average US rate on 30-year mortgage drops to 3.84 percent

Average long-term U.S. mortgage rates dropped this week to their lowest levels since May, in a week marked by turmoil in global markets that was stoked by economic developments in China.

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Borgata Atlantic City
Dino Flammia, Townsquare Media NJ
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Pro: Borgata uses booze, sexy servers to distract gamblers

ATLANTIC CITY, N.J. (AP) — Poker pro Phil Ivey is using an unusual defense against allegations he and a partner cheated Atlantic City's Borgata casino out of $9.6 million at cards: He claims the casino uses free liquor served by scantily clad waitresses to distract gamblers.

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A man walks past a bank's electronic board showing the Hong Kong share index outside a local bank in Hong Kong
A man walks past a bank's electronic board showing the Hong Kong share index outside a local bank in Hong Kong (AP Photo/Vincent Yu)
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Chinese stock index jumps 5.3 percent as Asian stocks rise

BEIJING (AP) -- China's key stock market index surged 5.3 percent Thursday, its biggest gain in eight weeks, as markets across Asia rose following Wall Street's rebound, giving investors some relief after gut-wrenching global losses.

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Category: Money & Business
A sign outside a Wal-mart store in Duarte, Calif.
A sign outside a Wal-mart store in Duarte, Calif. (AP Photo/Damian Dovarganes, File)
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Wal-Mart to stop selling AR-15s and similar weapons

LITTLE ROCK, Ark. (AP) -- Wal-Mart will stop selling the AR-15 rifle and other semi-automatic weapons at its stores because fewer people are buying them, a spokesman said Wednesday.

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Category: Money & Business
Colin Drummond, 4, pushes luggage from behind as he walks with family members to check-in a relative for an Alaska Airlines flight at Seattle-Tacoma International Airport in SeaTac, Wash.
Colin Drummond, 4, pushes luggage from behind as he walks with family members to check-in a relative for an Alaska Airlines flight at Seattle-Tacoma International Airport in SeaTac, Wash. (AP Photo/Elaine Thompson)
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Airfare deals pop up as airlines wage limited fare wars

ABOARD AMERICAN AIRLINES FLIGHT 1223 (AP) -- Airline fare wars are making a comeback.

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Category: Money & Business
Virtua's Community Medical Center in Lumberton
Virtua's Community Medical Center in Lumberton (Virtua Health)
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Virtua Health proposes $1 billion hospital complex project

WESTAMPTON (AP) — Virtua Health has unveiled a proposal to construct a $1 billion hospital complex on a 110-acre farm in South Jersey.

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A Chinese investor monitors stock prices at a brokerage in Beijing
A Chinese investor monitors stock prices at a brokerage in Beijing .(AP Photo/Ng Han Guan)
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Shares languish despite China rate cut; Europe declines

TOKYO (AP) -- Shares fell Wednesday in Europe and Asian markets were mixed as an initial burst of euphoria over an interest rate cut by China the day before succumbed to lingering worries over longer-term problems with its economy.

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Category: Money & Business
Resorts Casino Hotel in Atlantic City
Resorts Casino Hotel in Atlantic City (AP Photo/Wayne Parry)
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Back from death’s door, Resorts casino is now profitable

On Wednesday, Resorts will open a $9.4 million expansion of its meeting and conference space to take advantage of a pressing need in the struggling gambling resort. But it also will be a celebration of how far the casino has come against some daunting odds.

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