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  • Labor Day 2014

    labordayLabor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength,… Read More +

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  • Drones Banned At Olympic National Park

    drone policeOlympic National Park officials have banned the use of drones within park boundaries. The ban was approved by Superintendent M. Sarah Creachbaum last week, following a directive from the National Parks Service that ordered superintendents in its 401 parks to… Read More +

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  • Mariners Over Nationals 5-3

    mariners logo5Dustin Ackley homered and drove in four runs and the Seattle Mariners averted a three-game sweep, beating the Washington Nationals 5-3 Sunday. Bryce Harper homered twice for Washington and Nate Schierholz also connected. The NL East-leading Nationals homered 10 times in the series, one short of the Safeco Field record set by Cleveland in 2009.

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Stocks Start the Week Higher

b_250_0_16777215_00_images_obgrabber_2013-09_8187a92e6a.jpgHemera/Thinkstock (NEW YORK) -- U.S. stocks gained momentum on Monday, with investors setting aside concerns about brewing global events. The market got a boost from company mergers and a home-building boom. The Dow Jones Industrial Average came off its first positive week in more than a month.

Koch Industries, run by the billionaire brothers Charles and David, is buying electronic components and cables maker Molex for a little less than $7 billion. Luxury retailer Neiman Marcus, meanwhile, was sold for $6 billion.

Homebuilding shares were some of the biggest gainers after one major builder said home prices are rising and its backlog jumped almost 27 percent from a year earlier.

The Dow gained nearly 141 points to close at 15,063. The Nasdaq Composite closed up 46 points at 3,706, while the S&P 500 finished the session up 16.5 points at 1,672.

Apple shares were back above $500 Monday. Apple is expected to unveil its latest iPhone Tuesday during an annual ritual that will cast a spotlight on Apple's drive to regain market share.

Americans cut back on using their credit cards in July for the second straight month, while taking on more debt to buy cars and attend school. The Federal Reserve says consumers increased borrowing to a record high of $2.85 trillion.
 
Copyright 2013 ABC News Radio

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