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AP Top Business News At 8:39 p.m. EST

McDonald's CEO steps down as sales decline
NEW YORK (AP) -- McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image....

California declares electronic cigarettes a health threat
SACRAMENTO, Calif. (AP) -- California health officials Wednesday declared electronic cigarettes a health threat that should be strictly regulated like tobacco products, joining other states and health advocates across the U.S. in seeking tighter controls as "vaping" grows in popularity....

FACT CHECK: Both sides in Keystone XL debate bend facts
WASHINGTON (AP) -- Supporters of the Keystone XL pipeline, which would run from Canada to the Gulf, say the privately funded, $8 billion project is a critically needed piece of infrastructure that will create thousands of jobs and make the U.S. dependent on oil from friends, rather than foes....

Facebook's status update: Profit, revenue beat expectations
NEW YORK (AP) -- For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices....

Stocks fade late as oil dips, Fed gives investors pause
Investors struggled to figure out a barrage of signals from the Federal Reserve, oil markets and Corporate America Wednesday, and stocks fell sharply for second straight day....

1st time advertisers gamble on Super Bowl ads
NEW YORK (AP) -- More Super Bowl ad rookies will be trying to score a touchdown this Sunday....

Samsung's 4Q profit drops but beats forecast
SEOUL, South Korea (AP) -- Samsung Electronics Co. said Thursday its quarterly earnings dropped smaller-than-expected 27 percent in the fourth quarter but its forecast-beating profit could not mask that it was losing the battle of the big phones with Apple Inc....

Fed stays 'patient' on rates while noting improving economy
WASHINGTON (AP) -- The Federal Reserve reiterated Wednesday that it will be "patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health....

Renting out homes for Super Bowl can bring big bucks
PHOENIX (AP) -- Hundreds of people gather each year to hobnob with A-list celebrities at a charity bash in the Super Bowl's host city. But instead of sending this year's guests to a trendy nightclub or swanky restaurant, organizers are throwing the party at a private home....

Tiger fight: China and Alibaba face off over fake goods
BEIJING (AP) -- There's a tiger fight going on in China....

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