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AP Top Business News at 4:49 a.m. EST

European shares gain as bank sell-off abates, oil rebounds
TOKYO (AP) -- European shares rose Friday, shrugging off a bad day in Asia, as the sell-off in banking shares abated and oil prices rebounded from a 12-year low. But Japan's main stock index lost nearly 5 percent, leading other Asian markets lower....

How impoverished but nuclear-armed North Korea earns money
SEOUL, South Korea (AP) -- The closure of a factory park in North Korea jointly run by both Koreas has cost the impoverished North a rare source of legitimate hard currency. Seoul says it shut the Kaesong complex in response to the North's recent long-range rocket launch to keep its impoverished neighbor from using the money factories provided to fund its nuclear and missile programs....

Congress bans import of forced labor products
A bill headed for President Barack Obama this week includes a provision that would ban U.S. imports of fish caught by slaves in Southeast Asia, gold mined by children in Africa and garments sewn by abused women in Bangladesh, closing a loophole in an 85-year-old tariff law that has failed to keep products of forced and child labor out of America....

Double the chaos: Amped-up funds flourish amid turmoil
NEW YORK (AP) -- That second scoop or slice makes everything so much better. So why not double the fun investing, too?...

Government spending boosted German economy in fourth quarter
FRANKFURT, Germany (AP) -- The German economy grew 0.3 percent in the fourth quarter from the quarter before thanks to higher consumer and government spending....

House committee passes bill to privatize air traffic control
WASHINGTON (AP) -- A Republican-controlled House committee on Thursday endorsed a bill that would wrest responsibility for running the nation's air traffic control system from the government and turn it over to a private, nonprofit corporation run by airlines and other aviation interests....

Renault reports higher earnings as sales rise
PARIS (AP) -- French car maker Renault says higher sales and further progress on its industrial turnaround plan helped drive a nearly 1 billion euro increase in its earnings last year....

The Latest: Eurozone economy expected to have grown 0.3 pct
LONDON (AP) -- The latest on the turmoil afflicting global financial markets (all times local):...

Yellen: Too early to determine impact of global developments
WASHINGTON (AP) -- Federal Reserve Chair Janet Yellen cautioned Thursday that global economic pressures pose risks to the U.S. economy but said it's too soon to know whether those risks are severe enough to alter the Fed's interest-rate policies....

What a recession does to your money
NEW YORK (AP) -- If we are indeed in the midst of a recession - and we won't know we're in one until well after it's begun - stocks likely still have a long way to go down....

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Renault reports higher earnings as sales rise

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Double the chaos: Amped-up funds flourish amid turmoil

Yellen: Too early to determine impact of global developments

Average 30-year mortgage falls for 6th week to 3.65 percent

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