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Asia stocks rise as risk aversion wanes, Aussie spikes

TOKYO - Asian stocks edged up on Wednesday as risk aversion triggered by recent geopolitical tensions continued to ebb, while the Australian dollar spiked on stronger-than-expected inflation data.

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Wall Street rejects Ackman's Herbalife 'death blow'

NEW YORK - Billionaire investor William Ackman's latest volley of accusations against Herbalife Ltd on Tuesday missed its mark on Wall Street, with investors sending the stock price soaring 25 percent.

6:43pm EDT

Chrysler recalls older Jeep SUVs for ignition switch issues

DETROIT - Chrysler Group LLC said on Tuesday it is recalling 792,300 older-model Jeep SUVs for ignition switch problems, the second recall of its kind for the No. 3 U.S. automaker this year.

6:00pm EDT

Safeway receives U.S. subpoena over controlled substances

- Grocery store operator Safeway Inc on Tuesday said it received a subpoena from the U.S. Drug Enforcement Administration regarding record keeping, reporting and related practices associated with loss or theft of controlled substances.

9:08pm EDT

U.S. judge orders Argentina, creditors to meet until deal reached

NEW YORK - A U.S. judge ordered Argentina and investors who did not participate in the country's past debt restructurings to meet "continuously" with a court-appointed mediator until a settlement is reached, warning of the threat of a new default.

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

- Air carriers in the United States and Europe on Tuesday halted flights to Tel Aviv after warnings from governmental agencies in an effort to ensure passenger safety as turmoil in Israel and the region intensified.

7:17pm EDT

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