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Business

Small Fla. city wonders who hit historic $590.5M Powerball jackpot; winner hasn't come forward

ZEPHYRHILLS, Fla. - Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million - the highest Powerball jackpot in history.

'Trek' does $70.6M but falls short of studio hopes; 'Iron Man 3' tops $1B worldwide

LOS ANGELES, Calif. - "Star Trek: Into Darkness" has warped its way to a $70.6 million domestic launch from Friday to Sunday, though it's not setting any light-speed records with a debut that's lower than the studio's expectations.

Slim, Mexico's biggest broadcaster take fight to soccer field

MEXICO CITY - Mexicans often feel that billionaire Carlos Slim owns everything in their country, from telephone and Internet companies to banks and chain stores, but his latest acquisitive foray is meeting resistance after touching a national passion: soccer.

Toronto, Wall Street surge higher amid positive U.S. data, consumer sentiment

TORONTO - The Toronto Stock Exchange surged ahead Friday, encouraged by gains from the U.S. markets, after data showed the world's largest economy may be in recovery.

Top White House adviser says Obama learned of IRS scandal from news reports

WASHINGTON - A top White House adviser insisted President Barack Obama learned the Internal Revenue Service had targeted tea party groups only "when it came out in the news" while Republicans continued to press the administration for answers on Sunday.

Many new-car dealers not using voluntary fuel-efficiency labels: report

OTTAWA - A growing number of Canada's car dealers are removing fuel-efficiency labels that the industry agreed to display on each vehicle under a voluntary deal reached with Ottawa 15 years ago.

U.S. markets eye Fed minutes for hints of end to bond buyin program

TORONTO - North American markets will focus this week on the release of the latest minutes from the U.S. Federal Reserve for any clues on when the world's largest economy will taper off its aggressive monetary stimulus program.

Wealth management key for banks amid slow growth in retail banking

TORONTO - As Canada's biggest banks prepare to report their second-quarter results, analysts say those that rely more heavily on wealth management and global markets will fare better amid slowing growth in Canadian retail banking.

Federal financial agency ignores dollar limit on hospitality spending

OTTAWA - A federal agency that ensures banks and other financial institutions follow the rules has itself broken the rules on hospitality spending.

Ex-Groupon CEO Mason 'Takin' Care of Business' with motivational album, plans for new company

NEW YORK, N.Y. - Former Groupon CEO Andrew Mason is diving into several new ventures, including indulging his inner rock star with an album of "motivational business music."

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