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Asian shares bask in glow of U.S. tech earnings

TOKYO - Asian shares pulled ahead on Wednesday, taking their cue from Wall Street's strong performance as upbeat results from two technology bellwethers offset recent concerns about the outlook for the global economy.

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Michigan becomes fifth U.S. state to thwart direct Tesla car sales

DETROIT - Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers.

5:40pm EDT

After huge jet orders, budget airlines eye rich seam of aircraft leasing

SINGAPORE/PARIS - From Scandinavia to Southeast Asia, low-cost airlines have ordered record numbers of planes in recent years, redefining the jet industry. Now they plan to lease out scores of their new planes, re-ordering the aviation business all over again.

5:25pm EDT

New Total boss must overhaul exploration strategy, pursue cost cuts

PARIS - The sudden death of Total's top executive may make it even trickier for the French oil major to overhaul its expensive exploration strategy while simultaneously cutting costs to please shareholders as oil prices fall. | Video

3:38pm EDT

Coca-Cola announces growth plan as profit falls 14 percent

- Coca-Cola Co on Tuesday announced new cost-cutting measures and a timeline for selling its bottling operations after its quarterly profit slumped 14 percent and the world's largest beverage maker struggles to find growth amid a soft market for soda.

3:12pm EDT

McDonald's CEO acknowledges image problems after tough results

- McDonald's Corp Chief Executive Officer Don Thompson owned up to some corporate image problems on Tuesday after it posted a nearly one-third drop in quarterly profit and warned that its global restaurant sales would fall again this month. | Video

6:55pm EDT

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Why the U.S. is spending $1 trillion on nukes

The Congressional Budget Office estimates the 10-year costs of maintaining and modernizing our existing arsenal at $355 billion, with another $215 billion slated for "other nuclear-related activities."