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Netanyahu vows to complete Gaza tunnels destruction

GAZA/JERUSALEM - Israeli Prime Minister Benjamin Netanyahu, facing international alarm over a rising civilian death toll in Gaza, said on Thursday he would not accept any ceasefire that stopped Israel completing the destruction of militants' infiltration tunnels.

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Fed nods to firmer prices yet still focused on labor weakness

WASHINGTON - The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation was moving up toward its target.

30 Jul 2014

House Republicans vote to sue Obama over healthcare law

WASHINGTON - The Republican-led U.S. House of Representatives on Wednesday cleared the way for the launch of a lawsuit accusing President Barack Obama of overstepping his authority in carrying out his signature healthcare law.

30 Jul 2014

U.S. economy back on track with strong second-quarter rebound

WASHINGTON - The U.S. economy rebounded sharply in the second quarter as consumers stepped up spending and businesses restocked, putting it on course to close out the year on solid footing. | Video

30 Jul 2014

Bank of America ordered to pay $1.27 billion for 'Hustle' fraud

NEW YORK - A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp.

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U.S. private sector adds 218,000 jobs in July: ADP

NEW YORK - U.S. companies hired 218,000 workers in July, marking four straight month of private job growth above 200,000, but the figure fell short of what analysts projected and the previous month's level, a report by a payrolls processor released on Wednesday showed. Private job gains in June were 281,000, which was the strongest reading since November 2012. Economists surveyed by Reuters had forecast that the ADPNational Employment Report would show a gain of 230,000 jobs. | Video

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Sierra Leone president declares state of emergency over Ebola

FREETOWN - Sierra Leone has declared a state of public emergency to tackle the worst ever outbreak of Ebola and will call in security forces to quarantine epicenters of the deadly virus, President Ernest Bai Koroma said in a statement.