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U.S. stock indices rose quickly after Senate leaders from both parties forged an agreement to raise the United States’ borrowing power and end the current fiscal impasse that has shut down the U.S. government since Oct. 1.

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Stocks Down as Politicians Do Nothing (Bloomberg) The S&P 500 was down 0.7% to 1,698.09, a change in direction from the previous four days, which had all ended up. Previously announced discussions between the White House and the House Republicans dissolved today. “The knee-jerk reaction will be to sell on any kind of bad news,” […]

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Amazon is working with household goods manufacturer Procter & Gamble (and soon will be joining forces with Kimberly Clark) to ship goods directly from their place of manufacture to consumers.

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Apple Inc., manufacturer of luxury technology goods, has named Angela Ahrendts, CEO of British luxury brand Burberry, as retail chief.

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U.S. stocks rebounded today and lifted the Standard & Poor’s 500 Index less than 1 percent from a record high, amid signs lawmakers may reach a deal before the government’s borrowing authority is scheduled to end in three days.

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The S&P 500 Index closed at 1710.15, a gain of 0.4%, near a one-month high.

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