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AP Top Business News At 12:22 a.m. EDT

Why worry? Less aid by Fed would point to recovery
WASHINGTON (AP) -- Investors have grown nervous that the Federal Reserve will scale back its efforts to boost the U.S. economy sooner than many expected....

Stocks edge lower as investors reassess Fed fears
NEW YORK (AP) -- Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower....

Between economy and trouble, Obama approval steady
WASHINGTON (AP) -- The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way....

Sears reports bigger-than-expected 1Q loss
NEW YORK (AP) -- It was another ugly quarter for Sears Holdings Corp....

Japan's PM Abe defends policies as markets settle
TOKYO (AP) -- Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster....

Asia stock markets edge up after big sell-off
BANGKOK (AP) -- Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus....

Stricken Japan nuke plant struggles to keep staff
TOKYO (AP) -- Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many expect to worsen and hamper progress in the decades-long effort to safely decommission it....

Procter & Gamble brings back A.G. Lafley as CEO
NEW YORK (AP) -- Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth....

Gap back in style as 1Q profit jumps 43 percent
NEW YORK (AP) -- After years of struggle, Gap is back in style....

Hobby Lobby tests birth-control coverage mandate
DENVER (AP) -- In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill....

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Japan's PM Abe defends policies as markets settle

Procter & Gamble brings back A.G. Lafley as CEO

Why worry? Less aid by Fed would point to recovery

Sears reports bigger-than-expected 1Q loss

6 tips on managing your 401(k) plan effectively

Average US mortgage rates rise for 3rd week

Gap back in style as 1Q profit jumps 43 percent

Money market fund assets rose to $2.601 trillion

Campbell buying Plum Organics baby food maker

Ralph Lauren's 4Q profit rises 35 pct