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National Business

China's conflicted goals: Freer markets, more party control

China's conflicted goals: Freer markets, more party control

BEIJING — China's ruling Communist Party is expanding its role in business even as it promises freer markets and support for entrepreneurs on the eve of President Xi Jinping's second five-year term as leader.
Trump's health subsidy shutdown could lead to free insurance

Trump's health subsidy shutdown could lead to free insurance

WASHINGTON — If President Donald Trump prevails in shutting down a major "Obamacare" health insurance subsidy, it would have the unintended consequence of making free basic coverage available to more people, and making upper-tier plans more affordabl

Facebook bug puts Pittsburgh users in Philadelphia for a day

PITTSBURGH — Facebook users in Pittsburgh and other western and central Pennsylvania locations have found themselves transplanted to Philadelphia for a day.
Oil company proposes Arctic drilling from artificial island

Oil company proposes Arctic drilling from artificial island

ANCHORAGE, Alaska — America within a few years could be extracting oil from federal waters in the Arctic Ocean, but it won't be from a remote drilling platform.
Black, female insurance exec on quest to mentor teen girls

Black, female insurance exec on quest to mentor teen girls

COLUMBUS, Ga. — Teresa White, the first woman and African-American president of Georgia-based insurance giant Aflac U.S., has the knack to inspire.
US unemployment claims fall to 222,000, lowest in 44 years

US unemployment claims fall to 222,000, lowest in 44 years

WASHINGTON — The number of Americans collecting unemployment benefits fell last week to the lowest level since Richard Nixon was president.

Cenovus selling Palliser assets in Alberta to Torxen for $1.3 billion

CALGARY — Cenovus Energy Inc. (TSX:CVE) says it has agreed to sell its Palliser crude oil and natural gas assets in southeastern Alberta to Torxen Energy and Schlumberger for $1.3 billion.

EDC says Canadian exports seeing big gains on strength of global economy

CALGARY — Export Development Canada says exports are growing significantly as both the U.S. and the global economy continue to improve.

London Stock Exchange chief to step down at end of 2018

LONDON — The London Stock Exchange has announced that its chief executive plans to step down by the end of 2018. Xavier Rolet has headed the London exchange for nearly nine years.

Study: Lower-income kids give more time to TV, digital media

LOS ANGELES — Children in lower-income families spend more time watching TV and using electronic devices than kids in more affluent homes, according to a survey released Thursday.