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  • WASHINGTON— US economy grew at strong 4 percent rate in second quarter after sharp contraction in winter.

  • Revised data: US grew faster in 2nd half of 2013 Wednesday, 30 Jul 2014 | 8:31 AM ET

    WASHINGTON— Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more than previously estimated, new government data show. The revised data also suggest a possible factor behind the pickup: Americans saved much more in 2012 than previously thought, leaving more to spend in 2013..

  • Survey: US companies add 218,000 jobs in July Wednesday, 30 Jul 2014 | 8:30 AM ET

    WASHINGTON— A private survey shows that businesses hired at a healthy pace in July, though the job gains slowed from the previous month. Payroll processer ADP says private employers added 218,000 jobs last month, down from 281,000 in June.

  • LONDON, July 30- Russian shares posted their biggest jump in a month on Wednesday as investors were relieved that new sanctions announced by Brussels and Washington on Tuesday were as expected and not tougher. The United States added three state-owned banks to its sanctions list- VTB, Russian Agricultural Bank and Bank of Moscow.

  • MOSCOW, July 30- Russia announced a ban on most fruit and vegetable imports from Poland on Wednesday and said it may extend the restrictions to the rest of the European Union, its first apparent retaliation to new Western sanctions imposed over Ukraine a day earlier.

  • MOSCOW, July 30- Russia announced a ban on most fruit and vegetable imports from Poland on Wednesday and said it may extend the restrictions to the rest of the European Union, its first apparent retaliation to new Western sanctions imposed over Ukraine a day earlier.

  • MOSCOW, July 30- Russian assets rallied on Wednesday, shrugging off a new round of Western economic sanctions on Moscow as investors deemed the punitive measures less severe than first feared and analysts said their impact was already priced in.

  • *Has said he will fight if Russia resists paying $50 bln claim. MOSCOW/ TEL AVIV, July 29- Former Yukos executive and top shareholder Leonid Nevzlin will face an uphill struggle getting any of the money he lost when the Russian oil giant was seized and nationalised after falling foul of the Kremlin.

  • Senate tires of patching highway programs Wednesday, 30 Jul 2014 | 4:10 AM ET

    WASHINGTON— The Senate delivered an unexpectedly strong vote Tuesday in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs, a sign that Congress may have reached the limit of its patience with short-term fixes.

  • Russia counts cost of new US, EU sanctions Wednesday, 30 Jul 2014 | 3:49 AM ET

    MOSCOW— Russia was counting the potential cost of Western sanctions targeting its key energy and finance sectors on Wednesday, with the central bank promising to support lenders hit with penalties.

  • The man responsible for Hilton's grand turnaround Wednesday, 30 Jul 2014 | 3:02 AM ET

    McLEAN, Va.— Nearly every weekend, Chris Nassetta is cooking in his family's oversized kitchen, outfitted with two commercial-grade refrigerators, three sinks and a deep fryer. Between his wife, six daughters, friends, neighbors and relatives, there are often 40 people dining. "I'm not a gourmet chef," Nassetta says.

  • MOSCOW, July 30- Shares in Russia's second-largest bank VTB slid over 3 percent at the start of trading on Wednesday, but the broader stock market rose as investors had priced in the impact of a new wave of Western sanctions.

  • Terror threats at chemical plants underestimated Wednesday, 30 Jul 2014 | 2:40 AM ET

    The yearlong investigation by Republican staff on the Senate Homeland Security Committee paints a portrait of inspection delays, government errors in risk assessment and industry loopholes in a $595 million terror prevention program passed by Congress in 2006. A copy of the investigators' report was obtained by The Associated Press.

  • Kerry presses India on WTO deal ahead of arrival Wednesday, 30 Jul 2014 | 2:23 AM ET

    Secretary of State John Kerry, on his way to India for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance trade and investment liberalisation.

  • MOSCOW, July 30- Shares in Russia's second-largest bank VTB, targeted by the latest sanctions from the United States, opened down 3 percent on Wednesday, while the broad stock market and the rouble were stable.

  • Corbett, coal interests rally before EPA hearings Wednesday, 30 Jul 2014 | 2:06 AM ET

    Wednesday's rally at Highmark Stadium, a minor-league soccer venue, comes a day before the EPA hold two days of public hearings on the proposed regulations in downtown Pittsburgh. The rally Corbett will address was organized by the Pennsylvania Coal Alliance, the American Coalition for Clean Coal Electricity, and the National Miners Association.

  • MOSCOW, July 30- Moscow shares, bonds and the rouble will most probably weaken at the open on Wednesday, after the European Union announced its widest sanctions yet against the Russian economy.

  • West seeks to inflict more economic pain on Russia Wednesday, 30 Jul 2014 | 1:33 AM ET

    WASHINGTON— Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain even further and force President Vladimir Putin to end provocations in Ukraine.

  • As Fed meets, key issues likely to stay unanswered Wednesday, 30 Jul 2014 | 12:03 AM ET

    WASHINGTON— The Federal Reserve will likely end a policy meeting Wednesday with a lot of questions unanswered:. Chair Janet Yellen gave few hints about the answers to such issues when she testified to Congress this month.

  • US economy likely showed big rebound last quarter Wednesday, 30 Jul 2014 | 12:02 AM ET

    WASHINGTON— After a dismal start to the year reflecting a harsh winter, the U.S. economy showed signs of rebounding in the spring, with many forecasters expecting growth to be even stronger in the second half of the year.