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Apple spars with EU as $14 billion Irish tax dispute drags on

Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker's appeal against a $14 billion tax order, in a dispute that is key to the EU's drive to collect more taxes but which could also run for years.

From oil shocks to funding strains, Fed confronts new complexities

The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump in overnight borrowing costs that may require action on its own.

U.S. housing starts, building permits hit 12-year high

U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction increased, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

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