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Data, earnings lift Wall Street; conflicts eyed

NEW YORK - The S&P 500 hit a record high on Tuesday as inflation data was seen keeping the Federal Reserve in an equities-friendly tone, while hopes rose for an easing of tensions in Ukraine.

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RBS 'wilfully obtuse' in turnaround unit evidence: UK lawmaker

LONDON - Royal Bank of Scotland was "wilfully obtuse" when giving evidence to lawmakers examining whether its corporate turnaround division had been used to make money out of small businesses, the chairman of a British parliamentary committee said.

12:38pm EDT

Galhotra succeeds Farley at Ford as head of Lincoln brand

DETROIT - Ford Motor Co has named engineer Kumar Galhotra to succeed Jim Farley as head of the company's Lincoln brand, the automaker said Tuesday.

1:09pm EDT

U.S. airlines halt flights to Israel due to instability

- U.S. air carriers Delta Air Lines, American Airlines Group and United Airlines said on Tuesday they have halted flights to Israel to ensure passenger safety as the turmoil in the region has intensified.

Credit Suisse posts big loss after U.S. tax settlement

ZURICH - Credit Suisse Group AG will quit commodities trading after chalking up its biggest loss since the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) fine from U.S. authorities for helping its clients evade taxes. | Video

11:51am EDT

China food scandal spreads, drags in Starbucks, Burger King and McNuggets in Japan

SHANGHAI - The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan. | Video

China, Japan 12:30pm EDT

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