Business Highlights

By The Associated Press Markets Associated Press

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New blow to GOP health bill: Paul opposes revised measure

WASHINGTON (AP) — Conservative Sen. Rand Paul remains opposed to the newly revised Republican bill repealing the Obama health care law. That darkens White House and GOP leaders' hopes of staving off defeat in a Senate showdown this week. Top Republicans had unveiled changes to their measure overnight, adding billions of extra dollars for states and easing coverage requirements in hopes of winning over wavering GOP senators.

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What the latest health overhaul push means for consumers

The latest Republican push to replace the Obama-era health care law would shift funding and key coverage decisions for both private insurers and Medicaid to states instead of the federal government. The bill, which is being debated in a Senate committee Monday and could face a vote this week, leaves health insurance shoppers in the dark about prices and coverage.

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Target is raising minimum hourly wage to $15 by end of 2020

NEW YORK (AP) — Target Corp. is raising its minimum hourly wage for workers to $11 starting next month and then to $15 by the end of 2020, a move it says will help it hire and keep the best employees and make shopping a better experience for customers. The initiative announced Monday is part of the discounter's overall strategy to improve its business, which includes remodeling stores, expanding its online services and opening up smaller urban locations.

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Microsoft CEO Satya Nadella takes empathy-first approach

Microsoft CEO Satya Nadella kept the company relevant as its primary PC software business faded, isn't flashy or outspoken in the mode of his predecessors. Instead, Nadella - an Indian immigrant who's worked at the company since the 1990s -- has positioned himself as an embodiment of the story Microsoft wants to tell about its own transformation into an outfit focused on artificial intelligence, virtual worlds and quantum computing.

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Uber fights with London regulators, but also tries diplomacy

LONDON (AP) — In past skirmishes with local regulators, Uber's playbook under co-founder and now-ousted CEO Travis Kalanick was simply to fight. Now, as brand-new CEO Dara Khosrowshahi deals with a stunning rebuke from London, the playbook gets another page by also offering diplomatic humility.

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Exxon says it will reduce methane leaks from gas drilling

DALLAS (AP) — Exxon Mobil vows to reduce methane emissions from natural gas operations but gives no figures. Methane is a potent greenhouse gas, and leaks from drilling undercut the energy industry's drive to portray natural gas as a clean fuel.

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Coffee sold in California could carry cancer warning labels

LOS ANGELES (AP) — Coffee could carry an ominous cancer warning in California if a nonprofit group prevails in a Los Angeles courtroom. An attorney is presenting evidence to a judge in a case claiming Starbucks and other coffee companies violated a state law that requires they warn consumers about a chemical created in the roasting process that could cause cancer. Defense attorneys say it's found at harmless levels and results naturally from cooking coffee beans that's necessary to make them tasty.

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Studying 1 million people to end cookie-cutter health care

WASHINGTON (AP) — U.S. researchers are getting ready to recruit more than 1 million people for an unprecedented study to learn how our genes, environments and lifestyles interact. The goal is to customize ways to prevent and treat disease, ending cookie-cutter care. A pilot is underway now; if all goes well, the National Institutes of Health plans to open enrollment early next year. Participants will get DNA tests and report on diet, sleep, exercise and other activities that interact with genes to affect health.

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A rare tumble for tech stocks pulls US indexes lower

NEW YORK (AP) — Technology stocks slammed into reverse on Monday, and the losses overshadowed gains in other areas of the market to send broad U.S. indexes lower. Treasury bond prices and gold rose, meanwhile, as the rhetoric between the United States and North Korea got even more heated. Stock markets around the world were mixed after the leader of Germany, Europe's largest economy, retained her position, though her political strength may have weakened.

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No more flying with reindeer: Unique Alaska planes to retire

ANCHORAGE, Alaska (AP) — Planes made for Alaska's unique needs of delivering groceries, people and even worn-out sled dogs to far-flung parts of the nation's largest state are being retired. Alaska Airlines Vice President Marilyn Romano told The Associated Press that the company is phasing out its last four combi planes ahead of this week's unveiling of new cargo jets. There are few roads in Alaska and the planes flew places where there might not be enough cargo or passengers to fill a jet.

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US commerce secretary visits Beijing ahead of Trump trip

BEIJING (AP) — US Commerce Secretary Wilbur Ross says Washington hopes for concrete progress during President Donald Trump's planned trip to China amid rising trade tensions. Ross met Chinese leaders in Beijing during a three-nation Asian tour.

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The Standard & Poor's 500 index dropped 5.56 points, or 0.2 percent, to 2,496.66. The Dow Jones industrial average fell 53.50 points, or 0.2 percent, to 22,296.09, and the Nasdaq composite dropped 56.33, or 0.9 percent, to 6,370.59. Smaller stocks held up better than the rest of the market, and the small-cap Russell 2000 index rose 1.18, or 0.1 percent, to 1,451.96.

Benchmark U.S. crude rose $1.56 to settle at $52.22, and Brent crude, the international standard, jumped $2.16 to $59.02 a barrel. Natural gas dropped 4 cents to $2.92 per 1,000 cubic feet, heating oil rose 4 cents to $1.86 per gallon and wholesale gasoline added 5 cents to $1.72 per gallon.