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New Delhi, Shawwal 03, 1435, July 30, 2014, SPA -- A court in India sentenced 10 people to jail Wednesday for a school fire in which 94 children were killed in the southern state of Tamil Nadu...

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Washington, Jumada I 3, 1434, Mar 15, 2013, SPA -- U.S. stocks closed down Friday, as the Dow ended modestly lower following a surprise drop in a measure of consumer confidence.
In U.S. economic news, the Thomson Reuters/University of Michigan index of consumer sentiment for March unexpectedly fell, raising worries about the impact of higher income tax rates on household spending. The Bureau of Labor Statistics said the consumer price index (CPI) rose 0.7 percent last month, driven mainly by a spike in energy prices. CPI was expected to have risen 0.5 percent, according to a consensus, but the annual inflation rate is still just 2 percent, within the range that the Federal Reserve (Fed) finds to be comfortable. Also, industrial production rose more than expected in February, after being flat in the prior month, according to the Fed.
In international economic news, European Union officials agreed to give Portugal more time to meet targets for reducing its debt. Japanese Parliament confirmed the appointment of Haruhiko Kuroda as Bank of Japan governor, raising expectations of swift monetary easing.
In corporate news, Bank of America shares rose after it announced plans to repurchase $10.5 billion of common stock and preferred shares. Wells Fargo said it would increase its quarterly dividend payment to 30 cents per share, starting in the second quarter. J.P. Morgan and Goldman Sachs both dipped after the Fed approved their capital plans, but with conditions attached. Shares of BB&T, one of only two banks to have its capital plans rejected, also fell.
The dollar weakened against the euro, the pound, and the yen. Light sweet crude oil for April delivery gained 42 cents to $93.45 a barrel on the New York Mercantile Exchange. Gold futures moved up $1.90 to $1,592.60 an ounce.
The Dow Jones industrial average dropped 25.03, or 0.17 percent, to 14,514.11. The broader Standard & Poor’s 500 index lost 2.53, or 0.16 percent, to 1,560.70. The technology-heavy Nasdaq composite index fell 9.86, or 0.30 percent, to 3,249.07.

23:34 LOCAL TIME 20:34 GMT
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New Delhi, Shawwal 03, 1435, July 30, 2014, SPA -- A court in India sentenced 10 people to jail Wednesday for a school fire in which 94 children were killed in the southern state of Tamil Nadu in 2004, dpa quoted news reports as saying. Judge Mohamed Ali sentenced the owner,...
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MUMBAI, India, Shawwal 3, 1435, Jul 30, 2014, SPA -- The U.S. secretary of commerce has pledged to help expand investment in India's infrastructure and to promote trade, according to AP. Penny Pritzker spoke Wednesday to business leaders in the Indian financial capital, Mumbai. ...
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BEIRUT, Shawwal 3, 1435, Jul 30, 2014, SPA -- An international human rights group says the Syrian government is still indiscriminately bombing civilians with high explosive barrel bombs in defiance of a U.N. Security Council resolution, according to AP. Human Rights Watch's statement came...
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TIRANA, Albania, Shawwal 3, 1435, Jul 30, 2014, SPA -- Albania's central bank says 713 million leke (5 million euros; $6.75 million) has been stolen from its reserve storage building, according to AP. Authorities arrested two bank employees last week. The Bank of Albania, which...
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KIEV, Ukraine, Shawwal 3, 1435, Jul 30, 2014, SPA -- Officials in the Donetsk region in eastern Ukraine say 19 people have died in fighting between Ukrainian troops and pro-Russian separatists, according to AP. The regional administration said Wednesday on its website that 31 people were...
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