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  • Major markets little changed after economic news

    U.S. stocks crept higher after news that the economy surged ahead in the spring. Trading was quiet as investors waited for a statement from the Federal Reserve later Wednesday. Most world markets were mixed.

  • Toyota remains at top in sales after first half

    Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.

  • Small cars fare poorly in crash tests

    The four-door Mini Cooper Countryman was the only one of 12 cars to earn a top rating of “good” in new frontal crash tests performed by the Insurance Institute for Highway Safety.

  • Amazon to invest $2 billion to expand in India

    The world’s largest online retailer is facing off in India against a new name in e-commerce that was founded by former Amazon employees. Amazon.com Inc. said Wednesday it will invest $2 billion to expand its Indian business, a day after local rival Flipkart raised $1 billion to fund its own expansion.

    Hyundai recalls 883K Sonatas to fix gear shifters

    Hyundai is recalling its popular Sonata midsize sedan to fix problems with the gear shift levers. The recall covers 883,000 cars from the 2011 through 2014 model years.

    Suzuki recalls nearly 26,000 cars for fire risk

    Suzuki is recalling nearly 26,000 midsize cars in the U.S. because the daytime running light modules can overheat and could cause a fire.

    Stocks close lower ahead of economic reports

    The stock market closed with a modest loss Tuesday as investors wait for a series of big economic reports later in the week.

    BP warns of impact of Russia sanctions on profits

    Energy company BP has warned that further international sanctions on Russia could have an adverse impact on its profits because of its stake in the oil giant, Rosneft.

    UPS to boost tech spending, lowers earnings outlook

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    UPS lowered its outlook for the year as it announced plans to spend more on technology and other enhancements to improve service during peak season.

    China investigating Microsoft in monopoly case

    China’s anti-monopoly agency has announced an investigation of Microsoft Corp., stepping up pressure on foreign technology companies.

    Ford raising prices on new F-150

    Ford is raising the price of its new aluminum-sided pickup truck, but still trying to stay competitive with rivals. The F-150 goes on sale later this year.

    Motorola Mobility’s old HQ gets a buyer

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    Motorola Mobility’s 1.2 million-square-foot former headquarters in Libertyville has been sold for $9.5 million. Beco Management said it will spend $50 million to turn the five-building, 84-acre complex into Innovation Park, Chicago-Libertyville.

    Lloyds bank settles with US, UK over market fixing

    Lloyds Banking Group says it will pay $400 million to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.

    Dollar Tree buying Family Dollar for $8.5 billion

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    Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion.

    Samsung postpones launch of Tizen smartphone

    Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company’s ambition to create a mobile platform to rival Google’s Android or Apple’s iOS.