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Trump shoots down retirement limit to pay for GOP tax cuts

WASHINGTON (AP) — President Donald Trump is shooting down the possibility of limiting the amount workers could save in 401(k) retirement accounts as part of upcoming tax legislation. Republicans are looking for ways to raise revenue to pay for the steep tax cuts they want. But Trump tweeted Monday that the popular 401(k) retirement program will be untouched. Trump warned Sunday that action on tax reform is crucial to avoiding political failure in 2018.

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New flight paths lead to airplane noise complaints across US

PHOENIX (AP) — The Federal Aviation Administration is redesigning flight procedures at airports around the U.S. under a program known as "NextGen" to streamline routes for fuel efficiency. But the new airplane routes have prompted noise complaints from San Diego to New York. A U.S. circuit court agreed that the FAA was "arbitrary and capricious" in applying the procedures in Phoenix. And aviation experts say the agency may be forced to be more responsive to communities on the ground.

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Kelly on O'Reilly: Abuse, shaming of women has to stop

NEW YORK (AP) — Former Fox anchor Megyn Kelly says she complained to her bosses about Bill O'Reilly after he questioned her loyalty for publicly revealing her story of sexual harassment at the hands of Roger Ailes. Now on NBC, Kelly said that the abuse of women, and shaming of them after they go public with their stories, has to stop.

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Millions return to poverty in Brazil, eroding 'boom' decade

RIO DE JANEIRO (AP) — Brazil's "boom" decade is eroding, with millions of its people returning to poverty amid fallout from the country's worst recession in decades, corruption scandals that have shaken several industries and cuts to social welfare programs. That confluence of factors is raising the specter that the continent-sized nation with one of the world's largest economies has lost its way in addressing vast inequalities that go back to colonial times.

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Target says customers want it to pause the 'Christmas creep'

NEW YORK (AP) — Target says customers want it to pause the "Christmas creep." It says it wants to be more in tune with customers' mindset, so it plans to ease in holiday promotions this year while better recognizing Thanksgiving. The retailer's holiday plans also include a new e-gift service, adding kiosks to its stores that focus on impulse presents, catering and launching a wallet feature to its app. It's also adding weekend deals as shoppers focus on holiday buying on the weekend, not the weekdays.

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Amazon says it received 238 proposals for 2nd headquarters

NEW YORK (AP) — Amazon says it received 238 proposals from cities and regions hoping to be the home of the company's second headquarters. The online retailer kicked off its hunt for a second headquarters in September, promising to bring 50,000 new jobs. Proposals from cities, states and regions were due last week, and Amazon made clear that tax breaks and grants would be a big deciding factor on where it chooses to land. It will announce a decision sometime next year.

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Kelly on O'Reilly: Abuse, shaming of women has to stop

NEW YORK (AP) — Former Fox anchor Megyn Kelly says she complained to her bosses about Bill O'Reilly after he questioned her loyalty for publicly revealing her story of sexual harassment at the hands of Roger Ailes. Now on NBC, Kelly said that the abuse of women, and shaming of them after they go public with their stories, has to stop. O'Reilly responded, in part, by posting a copy of a thank you note Kelly had sent to him for a gift given at a baby shower.

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US stocks skid as GE tumbles and technology companies fall

NEW YORK (AP) — U.S. stocks skid as General Electric takes a sharp loss and pulls industrial firms down while technology companies also slump. Toymakers Hasbro and Mattel slump after Hasbro's sales forecast disappoints investors. The losses end a seven-day winning streak for stocks.

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World mayors pledge emissions-free cities by 2030

PARIS (AP) — The mayors of London, Los Angeles, Paris and several other major world cities are pledging to ban gasoline and diesel vehicles from "large parts" of their cities by 2030. Some cities are moving even faster to reduce emissions, and the announcement Monday by leading metropolitan areas is a bid to encourage others to do the same.

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Insurer Aetna unloads group life, disability for $1.45B

Aetna, the nation's third-largest health insurer, is selling its domestic group life and disability businesses for $1.45 billion to Hartford Life and Accident Insurance Co. Aetna says the cash deal also includes its absence management business and should close next month.

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The Standard & Poor's 500 index lost 10.23 points, or 0.4 percent, to 2,564.98. The Dow Jones industrial average fell 54.67 points, or 0.2 percent, to 23,273.96. The Nasdaq composite dropped 42.23 points, or 0.6 percent, to 6,586.83. The Russell 2000 index of smaller-company stocks sank 11.75 points, or 0.8 percent, to 1,497.49.

Benchmark U.S. crude added 6 cents to $51.90 a barrel in New York. Brent crude, used to price international oils, lost 38 cents to $57.37 a barrel in London. Wholesale gasoline stayed at $1.68 a gallon. Heating oil lost 2 cents to $1.79 a gallon. Natural gas jumped 8 cents, or 2.6 percent, to $2.99 per 1,000 cubic feet.