Surging stocks take a breather

Posted: June 12, 2014 at 2:53 a.m.

This file photo made April 22, 2010 shows a Wall Street sign in front of the New York Stock Exchange. U.S. stock futures slipped Wednesday, June 11, 2014, after the World Bank downgraded its forecast for the global economy this year, citing a bitter American winter and the political crisis in Ukraine.

The stock market fell back from record levels Wednesday because of a weaker forecast for global growth and concerns about airline profits.

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This product image provided by the Coca-Cola Co. shows a 20-pack of Vitaminwater drinks. Fans of Vitaminwater are demanding that parent company Coca-Cola drop a new formula that uses stevia, a low-calorie sweetener known for its metallic aftertaste. Coca-Cola Co. changed the formula for its full-calorie Vitaminwater in May, and the new bottles have been hitting shelves nationwide ever since.

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EU probing tax deals for Apple, others

European Commissioner for competition Joaquin Almunia addresses the media at the European Commission headquarters in Brussels, Wednesday, June 11, 2014. The European Union's antitrust regulator said Wednesday it is launching an investigation into tax deals that Apple, Starbucks and Fiat struck with several European countries to see whether they violate competition law.

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